Question

Explain the following terms CSR.

Answer 1

Answer:

FULL FORM: Corporate social responsibility ( CSR )

Explanation:

Corporate social responsibility (CSR) is a company’s commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations.

It is part of a company’s approach to corporate governance and often touches every part of the business—operations, human resources, manufacturing, supply chain, health and safety, and more.

CSR activities may include:

• Company policies that insist on working with partners who follow ethical business practices.
• Reinvesting profits in health and safety or environmental programs.
• Supporting charitable organizations in the communities where a company operates.

• Promoting equal opportunities for men and women at the executive level.

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