How is corporate social responsibility (CSR) characterized?

Corporate social responsibility (CSR) is characterized by promoting ethical and sustainable operations. This concept emphasizes the importance of businesses taking responsibility for their impact on society and the environment. CSR encourages organizations to operate in a manner that is not solely focused on profit maximization, but rather considers the well-being of employees, communities, and the planet. Companies that embrace CSR initiatives actively seek to improve social welfare, engage in ethical business practices, and contribute positively to their communities through environmentally sustainable practices and socially responsible actions.

This understanding of CSR aligns with an increasingly common view among consumers and stakeholders that businesses have obligations beyond financial performance and shareholder returns, leading to greater ethical credibility and long-term success.