Corporate Social Responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR is titled to aid an organization’s mission as well as a guide to what the company stands for its consumers.
CSR is the company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship through their waste and pollution reduction processes, by contributing educational and social programs and by earning adequate returns on the employed resources.
A broader definition expands from a focus on stakeholders to include philanthropy and volunteering.
CSR activities create a positive impact on society while doing business. Common CSR actions include:
Recycling, waste management, water management, renewable energy, reusable materials, greener supply chains, reducing paper use and adopting leadership in energy and environmental design.
This can include raising money for local charities, providing volunteers, supporting local economic growth, engaging in fair trade practices, training and education etc.
Companies that ethically market to consumers are placing a higher value on their customers and respecting them as people who are ends in themselves. They do not try to manipulate or falsely advertise to potential consumers. This is important for companies that want to be viewed as ethical.