What Are The Rules Of CSR In Companies [Video]

Corporate Social Responsibility (CSR) has evolved from a mere philanthropicendeavor to a fundamental aspect of modern business practices. In today’sglobalized world, companies are expected to contribute positively to society andthe environment beyond their profit-making goals. This article delves into therules of CSR in companies, highlighting the significance of responsiblecorporate behavior and the key guidelines that govern its implementation.

1. Definition and Importance of CSRCorporate Social Responsibility refers to a company’s commitment to conductits business in an ethical and sustainable manner, while considering theimpact of its operations on society and the environment. The importance ofCSR lies in its ability to foster trust, improve brand reputation, enhanceemployee morale, and contribute to the betterment of society at large. 
2. Guiding Principles of CSR
   1. Transparency and Accountability:Companies must be transparent in their actions and accountable for their decisions. Transparent reporting on CSR initiatives allows stakeholders to assess the company’s impact and adherence to ethical standards. 
   2. Stakeholder Engagement:…