What Is Corporate Social Responsibility?

Q: What is it and why should I care about it? A: Corporate Social Responsibility includes those initiatives that assess and manage the company’s effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups. Corporate social responsibility may also be referred to as “corporate citizenship” and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change. This is a relatively newer concept. Here are some ways companies Read More