orporate Social responsibility is the Policy and the practice which is followed by many Corporations to have the positive influence on the world, community, society etc. It is the practice to help the society through funds out of the profits of the Corporation in every Financial Year. Some Companies like Starbucks has been known for Corporate Social Responsibility as well as the Commitment to the sustainability and the welfare of the Community as a whole. Corporate Social Responsibility is divided into four Categories which includes Environmental responsibility, Human Rights Responsibility, Philanthropic responsibility and economic responsibility. The importance of Corporate Social Responsibility is as follows:

  • Corporate Social Responsibility is the way used by the Companies to enhance the environment as well as the society.
  • Corporate Social Responsibility helps both to get brand value by the Companies as well as helps the society
  • If we say Corporate Social Responsibility is an important part for the society in the same way it is also important for the Company/ brand as well.
  • Corporate Social Responsibility helps in building Corporate Public relations strong.
  • Corporate Social Responsibility helps Corporates in building Stronger brand image, recognition and reputation, increase customer loyalty and sales, retaining talented employees, easier excess to funding etc.

Now a days, Corporate Social Responsibility plays an important role in the growth of the Country as well as world as the whole.

https://www.unido.org/our-focus/advancing-economic-competitiveness/competitive-trade-capacities-and-corporate-responsibility/corporate-social-responsibility-market-integration/what-csr