Corporate Social Responsibility (CSR) - Essay Example

16 July Corporate social responsibility Corporate social responsibility is the of integration of the corporate self regulation into the model of a business. It is essentially a business commitment to comply with the standards of ethics and make contribution to the economic development of a nation along with an overall improvement in the standard of living prevailing in a society. CSR builds the capacity of sustainable living. CSR encourages the business personnel to respect the cultural differences and take all possible steps in order to enhance the skills of employees.

Thus, CSR makes sure that the society is benefited in every possible way. CSR benefits the society through responsible business. In the contemporary society, global warming and sustainable living are the biggest issues that have grabbed the attention of scientists and educationalists everywhere in the world. Need is being felt of a collective effort to combat the conditions emerging as a result of global warming and excessive use of extinguishing natural resources. In these circumstances, businesses need to be very responsible and considerate about several things that are not in their individualistic interest but are of great interest to the society as a whole.

CSR makes the businessmen amend their business practices in such a way that they cause maximum benefit to the society and cause minimal harm. Thus, it makes them comply with the standards of ethics and makes them display good moral conduct. In an attempt to fulfill the requirements of CSR, businessmen are trying to do everything that would make their business green.