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