Corporate

Social
Responsibility
Name- Aparna Ghosal
Student ID- 2222203006067
Course- MBA
Semester- 1st Semester
What is Corporate
Social Responsibility
Corporate Social Responsibility is the
continuing commitment by business to
behave ethically and contribute to
economic development while improving
the quality of life of the workforce and 
their families as well as the local
community and society at large.
Corporate social responsibility ties
businesses to communities and helps
them stay relevant to their customers
and society.                                             
Types of
Corporate Social
Responsibility
 The four main types of
corporate social responsibility
are-

• Philanthropic Responsibilities
• Ethical Responsibilities
• Legal Responsibilities
• Economic Responsibilities Carroll’s Pyramid
Economic Responsibilities
• The responsibility to be profitable
• The only way for a business to survive and support society in the long term
• Taking economically viable decisions. 
Legal Responsibilities
• Performing in a manner consistent with expectations of government and law.
• Complying with various federal, state, and local regulations.
• Conducting themselves as law-abiding corporate citizens.
• Fulfilling all their legal obligations to societal stakeholders.
• Providing goods and services that at least meet minimal legal requirements.
Ethical Responsibilities
• Performing in a manner consistent with expectations of societal and ethical norms.
• Recognizing and respecting new or evolving ethical/moral norms adopted by society.
• Preventing ethical norms from being compromised in order to achieve business goals.
• Being good corporate citizens by doing what is expected morally or ethically.
• Recognizing that business integrity and ethical behaviour go beyond mere compliance
with laws and regulations.
Philanthropic Responsibilities
•  The nature and quantity of these activities are voluntary and discretionary.
•  Guided by companies’ desire to take part in social activities that are generally not
expected from organisations.
•  Give the public the impression that the company wants to give something back to the
community.
• Such activities include donations, volunteer work, community development, etc. 
How does CSR benefit the society?
• Promoting sustainable and thoughtful usage of
resources and reducing pollution.
• Fair labour practices (e.g., equal pay for equal work)
and fair trade practices, and disavowing child labour.
• Funding educational programs, supporting health
initiatives, donating to causes, and supporting
community beautification projects.
• Improving the firm’s business operation while
participating in sustainable practices – for example,
using a new manufacturing process to minimize
wastage.
How does CSR
benefit the business?
• Stronger brand image, recognition,
and reputation
• Increased customer loyalty and sales
• Operational cost savings
• Retaining key and talented employees
•  Easier access to funding
• Reduced regulatory burden
Conclusion 

Organizations need to be accountable for the kind of impact they have in the
regions where they operate. It’s not just the environment that may be
affected, but the people residing in these regions, their families and
livelihoods. From a legal perspective, CSR can be a requirement.
Organizations of a certain scale have to set aside a budget for CSR activities
to account for their impact on society.
Some business owners make conscious efforts to invest in social causes they
believe in, while others consider it their duty and responsibility to do so.
Regardless of where you lie on this spectrum, there are many advantages of
social responsibility initiatives to push you to take that first step.
Thank you