What Is a CSR?


Quick Answer

CSR stands for "corporate social responsibility," which is the informal expectation that a business operates in a way that is respectful to communities and the environment. Examples of CSR include companies avoiding pollution, making safe products and coordinating recycling activities.

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Full Answer

In addition to protecting the basic rights and interests of its customers, companies adopt CSR practices to better humanity and to appease public expectations. Transparency and honesty with customers and community leaders are elements of social responsibility. Reusing natural resources and renewal programs are other environmental activities aligned with CSR. While tangible profit from CSR activities is uncertain, companies may face backlash without them.

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