CORPORATE SOCIAL RESPONSIBILITY (CSR)

Abstract

Corporate Social Responsibility (CSR) has emerged as a crucial aspect of contemporary business strategy, focusing on initiatives that benefit society alongside profit maximisation. This paper delves into various dimensions of CSR, exploring its diverse manifestations across industries and geographies. It examines the significance of CSR in enhancing corporate reputation, fostering employee engagement, and addressing societal challenges. A comprehensive analysis underscores the multifaceted impact of CSR, ranging from environmental sustainability efforts to ethical supply chain management practices. Moreover, it elucidates the evolving landscape of CSR in light of the COVID-19 pandemic, highlighting regulatory amendments and their implications for corporate conduct. Drawing on case studies such as the Tata Groups CSR initiatives in India, the paper elucidates the role of corporations in driving social change and sustainable development. Additionally, it synthesises findings from scholarly articles, offering insights into the ethical imperatives underpinning CSR endeavours. By elucidating the legal framework and scholarly discourse surrounding CSR, this paper provides a holistic understanding of its significance in fostering corporate accountability and societal well-being.