What Is The Corporate Social Responsibility (Csr) And Its Impact
In today's business economy, CSR has become an important concept for firms that aim to do business in the right way and make a contribution to society and the environment. CSR has its foundations in the idea that business organisations agree to engage in socially responsible business practices whereby the firms’ operations are well understood and cover several aspects, including environmental sustainability and community engagement. What Is a CSR Strategy? A CSR strategy is a formulated plan that a firm will use to align it with social, environmental and economic responsibilities. This strategy usually contains objectives linked to Nature-Based Solutions, a concept that postulates that a number of ecological problems, including climate change and the decline in the variety of species, can be solved with the help of natural processes. Communicating Commitment CSR Reporting It is, therefore, very important for companies to come up with effective CSR reporting to enable acc
