Final answer:
Corporate Social Responsibility (CSR) is when a company operates ethically and responsibly, taking into account the impact of its actions on society and the environment. It is related to business ethics and involves fulfilling moral obligations towards stakeholders beyond just profit-making. An example of CSR is a tech company using renewable energy to reduce carbon emissions in their data centers.
Step-by-step explanation:
Corporate Social Responsibility (CSR) refers to a company's efforts to operate in an ethically and socially responsible manner. It involves taking into account the impact of the company's actions on society, the environment, and stakeholders beyond just profit-making considerations. CSR is closely related to business ethics as it encompasses the moral and ethical obligations that businesses have towards society.
For example, a major tech company implementing CSR practices could be prioritizing the reduction of carbon emissions by using renewable energy sources in their data centers. This demonstrates their commitment to environmental sustainability and aligns with ethical principles of preserving the environment for future generations.