Corporate Social Responsibility: Impact on Business and Society

Corporate Social
Responsibility

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Corporate social responsibility ...................................................................................................1
Economic.....................................................................................................................................2
Social............................................................................................................................................3
Environment Impact.....................................................................................................................3
Workplace....................................................................................................................................3
Market Place................................................................................................................................4
Supply Chain................................................................................................................................4
Community..................................................................................................................................4
Public Policy................................................................................................................................4
CONCLUSION ...............................................................................................................................4
REFERENCES ...............................................................................................................................6

INTRODUCTION
Corporate social responsibility refers to a self regulation of an business which helps
organisation to be accountable for itself, stakeholder as well as public (Han, Yu and Kim, 2019).
This is important for business as it create positive image in minds of customers and also helps
business to gain attention of government which helps to ensure long term survival of business in
that country. This project report includes discussion corporate social responsibility of business as
CSR is not limited with investment of profit of business on society but they ways of making
these profit. It also includes discussion of management of impact of social, economic and
environment to company.
MAIN BODY
Corporate social responsibility
Corporate social responsibility refers to a self regulation of business which helps
organisation to be accountable for itself, stakeholder as well as public. Participation of an
enterprise in corporate social responsibility helps them in creating positive impact on society,
economy and environment which is good for their image (Harjoto and Laksmana, 2018).
Engagement of business in CSR reflect that enterprise is operating in a way which helps to
enhance environment and society rather than creating negative impact on them. It is one broad
concept which has may form based on organisation or industry. CSR, Volunteering efforts and
philanthropy helps business to provide benefits to society which helps to boost imager of their
brand. CSR is important for both company as well as community. It also create strong
relationship between employees and organisation. This CSR by providing fair wages, and good
working environment to employees boost morale and make employees and employers to feel
connected. For instance, Starbucks is one of organisation ethic is fulfilling corporate social
responsibility and also committed towards sustainability and community welfare. This
organisation is involved in CSR since they are established. company is engaged in CSR by using
ethically sourced coffee, formulating global network of different farmers, contributing hours in
community service, introducing green building with their stores, development of college
programs for their employee, paying tax to government and may more. This improve brand
image of company in minds of their customers and enhancing value of their brand. Engagement
1