CSR a mere philanthropy?

Corporate Social Responsibility (CSR) is being responsible and making a positive impact on the world, not just focusing on making money.

CSR is about businesses doing good beyond just making profits. It involves companies taking actions to benefit society, such as helping the environment, supporting communities, treating employees fairly, and being ethical in their practices.

CSR was once merely philanthropy, but it's now vital for businesses, especially the established ones.

This shift is driven by:

• Recognition that CSR creates long-term value for stakeholders, not just societal goodwill.
• Understanding that CSR boosts reputation, customer attraction, and employee engagement, leading to better financial performance.
• Increasing regulatory pressures and stakeholder expectations, pushing for responsible business practices to avoid risks.
• Growing consumer preference for brands aligned with social and environmental causes, enhancing loyalty.
• Investor focus on CSR performance when making investment decisions.

Love,

Snehal Patil

https://www.dhirubhai.net/in/patil234snehal/