Corporate social responsibility (CSR) is a concept that encompasses the actions a company takes to address the social and environmental impacts of its business operations.
It's essentially about a company going beyond its core profit-making activities and taking responsibility for its broader impact on society and the environment.
Key areas that CSR typically focuses on:
Environment: Reducing pollution, conserving resources, and mitigating climate change.
Labor practices: Ensuring fair wages, safe working conditions, and respect for worker rights.
Human rights: Avoiding complicity in human rights abuses throughout the company's supply chain.
Community engagement: Investing in and supporting local communities where the company operates.
Product responsibility: Ensuring the safety and sustainability of products and services.
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