Paper Details

Name: Prakasha
Country: India

Year: 2022
Volume: Volume-9, Issue-1 (January-June)
Page Number: 13-20

Till 1990‟s CSR was understood purely in terms of charity. In the new environment companies have realized that without a healthy community the new business venture cannot prosper. CSR has grown to play a significant and important role in directing and defining the way organizations do business. Social accountability and responsibility to expected particularly from large national and multinational corporations which can be linked in people‟s minds to various issues. CSR refers to business decision making linked to ethical values, compliance with legal instruments and respect for people, communities and environment. As per the world business council for sustainable development, 2000 CSR is the continuing commitment by business to ethically and contribute economic development while improving the quality of life of the workforce and their families as well as the local community and society at large. Commission of European Communities, 2001 defined CSR as “A Concept whereby companies integrate social and environment concerns in their business operations and in their interaction with their stake holders as a voluntary basis.”