GENERAL KNOWLEDGE

Detailed explanation-1: -Corporate social responsibility is a business model by which companies make a concerted effort to operate in ways that enhance rather than degrade society and the environment. CSR helps both improve various aspects of society as well as promote a positive brand image of companies.

Detailed explanation-2: -Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.

Detailed explanation-3: -CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.

Detailed explanation-4: -Generally, corporate social responsibility is the obligation to take action that protects and improves the welfare of society as a whole, as well as supports organizational interests. According to the concept of corporate social responsibility, a manager must strive to achieve both organizational and societal goals.

Detailed explanation-5: -Ethical responsibility is concerned with ensuring an organization is operating in a fair and ethical manner. Organizations that embrace ethical responsibility aim to practice ethical behavior through fair treatment of all stakeholders, including leadership, investors, employees, suppliers, and customers.