What are the corporate social responsibilities?

Corporate social responsibilities (CSR) refer to the ethical obligations of businesses to contribute positively to society while conducting their operations. This includes environmental sustainability, fair labor practices, ethical sourcing, and community engagement. Companies are expected to minimize their negative impact on the environment, support local communities, and ensure transparency and accountability in their business practices. Ultimately, CSR aims to balance profit-making with social good, fostering trust and loyalty among consumers and stakeholders.