Corporate social responsibility
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders and the community. By practicing corporate social responsibility, companies are conscious of the kind of impact they have on all aspects of society including the economy, society and the environment (Chen, 2019). CSR goes beyond earning money for shareholders, it is concerned with protecting the interests of all stakeholders, such as employees, customers, suppliers and the communities in which businesses operate (McCombs School of Business, n.d.).
