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March 8, 2023

What Is Corporate Social Responsibility?

by Nadia Reckmann, Feb 21, 2023

Corporate social responsibility is a type of business self-regulation with the aim of social accountability and making a positive impact on society. Some ways that a company can embrace CSR include being environmentally friendly and eco-conscious; promoting equality, diversity, and inclusion in the workplace; treating employees with respect; giving back to the community; and ensuring business decisions are ethical. 

CSR evolved from the voluntary choices of individual companies to mandatory regulations at regional, national and international levels. However, many companies choose to go beyond the legal requirements and embed the idea of “doing good” into their business models. 

There is no one way a company can embrace CSR, but one thing is certain – to be perceived as genuine, the company’s practices need to be integrated into its culture and business operations. In today’s socially conscious environment, employees and customers place a premium on working for and spending their money on businesses that prioritize CSR. They can detect corporate hypocrisy. 

Read more at: https://www.businessnewsdaily.com/4679-corporate-social-responsibility.html

The Ubuntuworks Resource Hub provides organizations and individuals with data, stories, studies and support for a more connected and compassionate world.

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