What Is the Impact of Corporate Social Responsibility (CSR)
The shift toward CSR has had an influence on a number of areas. Many businesses, for example, have taken steps to enhance their operations’ environmental sustainability by installing renewable energy sources or acquiring carbon offsets. Efforts have also been made to decrease dependency on unethical labour practices, such as child labour and slavery, in supply chain management.
Small firms participate in CSR through smaller-scale initiatives such as giving to local charities and sponsoring local events, despite the fact that CSR activities are more frequent among major organisations.