Corporate Social responsibility (CSR) is continuing commitment by businesses to integrate social and environmental concerns in their business operations. India became the first country to legislate the need to undertake CSR activities and mandatorily report CSR initiatives under the new Companies Act 2013.
What are the types of CSR activities? Generally, corporate social responsibility initiatives are categorized as follows: • Environmental responsibility. ... • Human rights responsibility. ... • Philanthropic responsibility. ... • Economic responsibility.
Why do companies do CSR activities? Companies invest in CSR to manage their risk, recruit employees, and bolster their brand in the eyes of investors and consumers. Companies invest in CSR to manage their risk, recruit employees, bolster their brand in the eyes of investors and consumers, ease their supply chains and save money.
What is the purpose of CSR? What Is the Purpose of Corporate Social Responsibility? The purpose of corporate social responsibility is to give back to the community, take part in philanthropic causes, and provide positive social value. Businesses are increasingly turning to CSR to make a difference and build a positive brand around their company.

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