What does Corporate Social Responsibility (CSR) focus on?

Corporate Social Responsibility (CSR) focuses on the broader impact that a company has on society, the environment, and the economy, often referred to as the triple bottom line. This concept emphasizes the importance of balancing economic success with social equity and environmental stewardship.

By concentrating on activities that affect the triple bottom line interests, CSR aims to ensure that businesses operate in a way that is ethical and beneficial not just for shareholders, but also for stakeholders, including employees, customers, communities, and the planet. This holistic approach encourages companies to consider their influence on various facets of society and strive to make positive contributions, rather than solely focusing on profit maximization.

This focus on creating value across social, environmental, and economic dimensions sets CSR apart from other choices, which may emphasize profit or specific technological advancements without providing a comprehensive outlook on corporate responsibilities.