Corporate Social Responsibility

This report explores the roles and effectiveness of corporate social responsibility (CSR) in companies. It discusses how CSR policies impact investment decisions and corporate tax. The report also examines different CSR strategies adopted by companies and their impact on success and growth. It emphasizes the importance of CSR in maintaining a positive brand image and attracting customers and skilled employees. Additionally, it highlights the role of CSR in protecting the environment and contributing to society. The report concludes by emphasizing the significance of CSR in achieving business success and growth.

Corporate Social
Responsibility

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Corporate social responsibilities refers to how the organisation manages their business
activities in such a way that they can provides the positive impact on the society. It includes
social ethics, impact and sustainability so the business focuses to make the better society. It is a
type off social business which aims to goals and objectives of society. This report determine the
roles and effectiveness of CSR in the companies. This file evaluates that how the policy of
company will affects the investment decision and corporate tax. Different strategies of CSR is
adopted by the companies are explained in this report. The success and growth of company is
possible when they using the different policies of CSR in their business activities.
MAIN BODY
Corporate social responsibilities states that an organisation operates their business
activities in the most ethical and sustainable manner. By using the different strategy of CSR an
organisation also deals with the different aspects of environmental and social. It is the effective
evaluation of human rights, environment, community and society in which the company operates
their business operation. The success and growth of the business only depends on the
responsibilities of society and practices which is used by business that must be ethical. For
example if the company will uses the different strategies of CSR in their business it will
increases the image of company in front of the customer (Grayson and Hodges, 2017). In the
current days every organisation focuses to achieve the success of the business and the strategies
of CSR will maintain the good reputation of the brand. Every customer will analysis the image of
the company when they are going to purchase any kind of products and services. So the there are
the wide role of CSR in the success and growth of the company as per the future and present
condition of the market.
With the help of corporate social responsibilities in the business each and every members
will contribute their effort towards the society, environment and country. For example
organisation will make their effective efforts by providing education to the poor children in the
villagers which improve the image of the business. Every organisation have to make sure the
importance of environment and society while they are manufacturing the different products and
services in the market (Crane, Matten and Spence, 2019). Different policies of CSR will helps
the business to get the success and growth because good image will leads to the future growth.

The company changes their policy by focusing on the sustainability will saves the cost of
business. For example in the production of products and services company uses less packaging
and less energy which will reduces the production cost of the business. Sustainable business will
gives advantage to the environment and business both (Lins, Servaes and Tamayo, 2017). This is
also the part of success and growth in future. Socially responsible organisation maintain the
positive and effective recognition of brand, increases the loyalty of the customer and attract the
skilled employees towards the business. Theses factors will increases the profitability of the
business and get the long term success of company.
Company invest large amount of money in the communities of society and supports the
local organisation will makes the business effective. For example, responsible practices of
business will helps to improve the perception of the people about the company so that the
customer base will increases along with the increase in the sales (Wang and et.al., 2016). These
steps will attract those investors which only invested in the company who are socially
responsible. When the sales of the company increases it will also increases the chances towards
the future growth. In the present days people are more responsible towards the society and
environment so to attain the success every company have to focuses that their business operation
will not harm the environment.
To make the business successful CSR will helps the company attracting large number of
skilled and talented people. For example to increase the level of motivation and loyalty in the
employees then the company involves them in the activities of CSR. These companies will gain
the better quality of candidates in the business as a result. The role of CSR in the business is very
essential because they make the effective bond between the employees within the organisation
(Schrempf-Stirling, Palazzo and Phillips, 2016). This will increases the efficiency of the business
because every organisation make sure that the provide all the human rights to their employees so
that they will motivates towards the business. In the organisation the manger make sure that their
they protect their employees from any hazardous condition of business. By organising training
and development programmes so that the employees will learn how to work in the most
appropriate manner that they will not harm the environment and society. The employees get the
equal opportunities in the organisation by using the policies of CSR so that the employees work
effective to achieve the gaols and objectives of business (Yakovleva, 2017). For example,
allocation of work to the employees is on the basis of their talent qualification and knowledge in

the company. As per the human rights the company will not diversified the employees on the
basis of their colour, race, religion, nationality so that the employees will not feels demotivated
in the company. Employees are the key which leads to the success and growth of the business.
To protect the environment of the country, company uses the environment friendly raw
material in the production of goods and services. The company also contributed their efforts in
reducing the rates of unemployment from the country by giving different opportunities of job to
the unemployed people. This step of an organisation will makes the better company and they
attain the success and growth (Jamali and Karam, 2018). For example company will produces the
products and services as per the needs and wants of the customer will also leads to the future
success of business. With the help of CSR the business will shows their values, engage their
employees and proper communication with the customer about how they operate their business
activities to make the future sustainable. Every company achieve the target by providing
sustainable products to the customer. For example, company will make the plan and policies of
business so that they will done the business operation in minimum wastage which will decreses
the use of natural resources.
Corporate social responsibilities is the essential part of company for doing the business
effectively in the market. The company focus on the both the corporate tax and different
activities of CSR and they contribute towards the society. Activities of CSR is in the form of self
regulations which incorporates the various issues such as management of environment,
sustainable development. Tax is the return on the investments of the society from the advantages
is taken by the different companies (Liang and Renneboog, 2017). The CSR will affects the tax
of organisation because from the company's point of view, tax is not cost but it is the distribution
out of the profits. Corporate directors have performed different duties in which they promote
company's success and growth. On the other hand while they are performing these duties the
directors have to consider impacts of their decision on society. In the current days most of the
company are taking part in the corporate social responsibilities
The activities of corporate tax will increases the profits for company because the business
responsible for society and they fill taxes for the well being of society. With the criteria of CSR
the customer and investors of business are increasing day by day it includes the behaviour of
corporate tax to make the effective decision of investment and purchase. For example the
investor make their decision to invest in the company when they properly focuses on the CSR.

To increases the profits of the business every company to pay taxes to the government. The
impact of the policy of CSR on the investment decision is that the improved investment of CSR
will gives advantages to the shareholders which promotes the positive performance in the level
of investment (Hopkins, 2016). Various activities of CSR are connected to the process of
creating the value of company for example it is the tools which is used to improve the
performance of the business and gain the maximum advantages of the competition. For example,
if there is increase in awareness of the customer it will increases the sales and profits. When the
investors are making the decision of investments they have this will be an advantages for them.
Government will collect the tax to meet the objectives of economic and social.
Aim of the CSR activities is to make sure that the practices of business will not harm the
nature and society. Corporate taxes is important element in the business when they maintain
business as socially responsible. When there is increase in the collection of the taxes then the
goals of sustainable development are increases. For example, if the is business responsible
towards the taxes then it will increases the image and reputation of company. Increase in image,
loyalty and reputation is an important part of the business for maintaining an ethical business
environment. Both the investment decision and corporate taxes are highly affected due to
different policies of CSR in the business. The investment only invest in those company who are
socially responsible. On the other hand every company have to pay the taxes so they make
effective contribution in the development of the society (Matten and Moon, 2020). The focus of
CSR is to protect the society and environment so company will pay the taxes to government on
behalf of development of society. The government will build the schools and hospital which
provides free education and treatment of the health in the low fees so it is necessary to feel the
taxers for every company. Well being of the society by the government is possible only when
every companies will pay the taxes timely. This will improve the company image by increase in
the sales and profits of the business. For example, to achieve the success and growth of
organisation is possible only when there is the large number of investors investing in the
business and they attract when the business practices of company are done as per the different
policies of CSR.

CONCLUSION
From the above study it can be concluded corporate social responsibility is very
important for the success and growth business because it will increases the effective image of the
business in the minds of customer. Every company have to produce the sustainable products and
services in the business and focuses to protect the nature and environment. By using the policies
of CSR in business operation it will increases the sales and profits because the large number of
customer attracted towards the sustainable products. Organisation will increase their profits only
when they pay significant amount of taxes to the government. The investors will make the
decision to invest large amount of money only in those company who are paying the appropriate
amount of taxes to the government. CSR activities will make the good image of the company so
the investors tend to invest in the business.

REFERENCES
Books and Journals:
Crane, A., Matten, D. and Spence, L. eds., 2019. Corporate social responsibility: Readings and
cases in a global context. Routledge.
Grayson, D. and Hodges, A., 2017. Corporate social opportunity!: Seven steps to make
corporate social responsibility work for your business. Routledge.
Hopkins, M., 2016. The planetary bargain: corporate social responsibility comes of age.
Springer.
Jamali, D. and Karam, C., 2018. Corporate social responsibility in developing countries as an
emerging field of study. International Journal of Management Reviews. 20(1). pp.32-
61.
Liang, H. and Renneboog, L., 2017. On the foundations of corporate social responsibility. The
Journal of Finance. 72(2). pp.853-910.
Lins, K.V., Servaes, H. and Tamayo, A., 2017. Social capital, trust, and firm performance: The
value of corporate social responsibility during the financial crisis. The Journal of
Finance. 72(4). pp.1785-1824.
Matten, D. and Moon, J., 2020. Reflections on the 2018 Decade Award: The Meaning and
Dynamics of Corporate Social Responsibility. Academy of Management Review. 45(1).
pp.7-28.
Schrempf-Stirling, J., Palazzo, G. and Phillips, R.A., 2016. Historic corporate social
responsibility. Academy of Management Review. 41(4). pp.700-719.
Wang, H., and et.al., 2016. Corporate social responsibility: An overview and new research
directions: Thematic issue on corporate social responsibility.
Yakovleva, N., 2017. Corporate social responsibility in the mining industries. Routledge.