What does CSR stands for?
Approach to give a frame for businesses to express their
commitment tosociety and
voluntarily integrate social and environmental issuesinto all business
activities beyond regulations.
Why and how it is so important?
1. Economic considerations2. Ethical considerations3. Innovation and learning4. Employee motivation5. Risk management or risk reduction6. Access to capital or increased shareholder value7. Reputation or brand8. Market position or share9. Strengthened supplier relationships10. Cost savings