What does CSR stand for?

Corporate Social Responsibility refers to the concept where businesses integrate social and environmental concerns in their operations and interactions with stakeholders. This approach encourages companies to operate ethically and contribute positively to society by addressing issues such as environmental sustainability, fair labor practices, community engagement, and supporting charitable initiatives.

By adopting CSR practices, organizations aim to create a balance between generating profit and benefiting the community and environment. It reflects a growing trend where consumers and investors favor companies that demonstrate accountability and a commitment to broader social values. This focus on responsibility helps build trust with customers and can enhance a company's reputation in the marketplace.

Other terms, while they might sound similar, do not encapsulate the full scope and significance of CSR in the context of business ethics and community engagement.