iso27diy-corp/Corpus/Various/Corporate social responsibility.md

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, retrieved December 13, 2021