Corporate Social Responsibility

Corporate Social Responsibility refers to a management concept whereby companies integrate social and environmental concerns into their business operations and interactions with stakeholders, moving beyond mere profit maximization to include ethical, social, and environmental accountability.

Why it matters

Promotes sustainable development by aligning corporate growth with social welfare objectives.
Enhances corporate governance by fostering transparency and accountability towards local communities and the environment.
Serves as a mechanism for private sector participation in addressing systemic socio-economic gaps.
Improves brand reputation and long-term business viability through ethical stakeholder engagement.

How it is asked

Focus on the legal framework governing CSR, the shift from voluntary to mandatory compliance in specific jurisdictions, and the role of CSR in achieving Sustainable Development Goals (SDGs).

In the syllabus

Public/Civil service values and Ethics in Public administration GS4

In the news

SBI Platinum Jubilee Asha Scholarship 24 August

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