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Corpus/📚️ Literature notes/Corporate social responsibility.md Normal file
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Corporate social responsibility (CSR) is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.
**Environmental responsibility** refers to the belief that organizations should behave in as environmentally friendly a way as possible.
**Ethical responsibility** is concerned with ensuring an organization is operating in a fair and ethical manner.
**Philanthropic responsibility** refers to a business’s aim to actively make the world and society a better place.
**Economic responsibility** is the practice of a firm backing all of its financial decisions in its commitment to do good in the areas listed above.
Source: [Harvard Business School](https://online.hbs.edu/blog/post/types-of-corporate-social-responsibility), retrieved December 13, 2021