At its broadest definition, CSR consists
Corporate Social Responsibility is not a trend—it’s an integral business practice within organizations that’s here to stay. But what exactly is it? CSR is versatile in its definition and can be molded into different forms depending on a few factors, such as the company’s public or private status, industry and product or service offering. At its broadest definition, CSR consists of all the “things” a company does to make a positive impact on society at an economic, social and environmental level.
Take a second and think about your favorite brand. Maybe they use recycled textiles, have a buy-one-give-one model or strive to have a zero-waste supply chain. There is a high chance they’re doing something to show they’re socially responsible. Ten years ago, business practices like this weren’t standard, but today, companies without CSR programs are seen as abnormal. Even influential institutional companies like Blackrock and Vanguard are vocalizing CSR’s influence on their investment strategies