ROLE OF CORPORATE SOCIAL RESPONSIBILITY IN SUSTAINABLE DEVELOPMENT

Abstract

Corporate Social Responsibility (CSR) is an initiative taken by the companies to sustain the environment and welfare of the workers. The objective of CSR is to improve living standards, while sustaining the levels of profit of the corporation. CSR contributes to a number of policies related to social economic upliftment. Corporate Social Responsibility is very helpful in operating a company in a way which meets the ethical, legal, commercial & public expectations that a society has from the company. CSR is a vital ailment in attaining sustainable development. Many corporates are focusing on environmental issues for their social responsibility activities for example, putting eye on toxic gases, waste production and water contamination etc.