CSR activities are held by majority of the companies in order to demonstrate their social responsibilities to their headquarters and offshore locations.
Explanation:
The endless responsibility of a business to behave ethically towards the society and the economic development by uplifting the workforce, local community and the society on the whole is Corporate Social Responsibility.
It includes social impacts, sustainability and the company’s monetary development (profit). Companies mainly focuses on its profit be that as it may, CSR is also a major take away for every company. CSR includes six types of corporate social initiatives namely,
- Corporate Philanthropy such as charity, donations, scholarships, etc,
- Volunteering in the community activities as a non-profit organization.
- Ethically and socially good willed business practices.
- Company funded cause advocacy campaigns.
- Marketing related to cause (donations to charity based on product sales).
- Company initiated motivational or behavioral campaigns.