Corporate Social Responsibility (CSR) is a business approach that involves integrating social, environmental, and ethical considerations into company operations and interactions with stakeholders. CSR encompasses a range of initiatives aimed at promoting sustainability, ethical business practices, community engagement, and employee well-being.

CSR is important for businesses because it helps build trust with stakeholders, enhances brand reputation, and creates long-term value. By demonstrating a commitment to social and environmental responsibility, companies can attract customers, investors, and top talent, while also mitigating risks, fostering innovation, and contributing to the well-being of society.

CSR initiatives can take various forms, including environmental sustainability efforts such as reducing carbon emissions, conserving natural resources, and promoting renewable energy. Other examples include community engagement activities like volunteering, philanthropy, and supporting local economic development. Ethical business practices, diversity and inclusion initiatives, and employee well-being programs are also common CSR initiatives.

Measuring the impact of CSR efforts involves tracking key performance indicators (KPIs) related to social, environmental, and economic outcomes. These may include metrics such as carbon footprint reduction, energy and resource efficiency improvements, employee satisfaction and retention rates, community engagement metrics, and financial indicators such as return on investment (ROI) from CSR initiatives. Companies may also conduct stakeholder surveys, sustainability reporting, and third-party assessments to evaluate their CSR impact.