Question

Explain the concept and importance of corporate social responsibility

Answer 1

Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. CSR is a concept with many definitions and practices.

Answer 2

-Corporate social responsibility means the efforts made by a company to improve the society. 

-Different companies have different policies when it comes to the corporate social responsibility. 

-Some companies donate money while others do some other types of charity works.

- CSR is very important because the companies strive for the betterment of society.