04 / April / 2022 : 12-15

Corporate Social Responsibility: Business and Society in Harmony


Corporate social responsibility (CSR) is a business approach that involves companies taking responsibility for their impact on society and the environment. It is a form of sustainable business practice that prioritizes the well-being of stakeholders, including employees, customers, and the community.
CSR encompasses a wide range of initiatives, such as environmental sustainability, fair labor practices, philanthropy, and community engagement. Companies that prioritize CSR often see benefits such as improved brand reputation, increased customer loyalty, and employee satisfaction.
Implementing CSR can also contribute to the achievement of the United Nations' Sustainable Development Goals (SDGs), a set of 17 goals aimed at ending poverty, protecting the planet, and ensuring prosperity for all. By aligning their CSR efforts with the SDGs, companies can demonstrate their commitment to sustainability and contribute to a more equitable world.
However, there are challenges associated with CSR, such as the cost of implementing sustainability initiatives and ensuring their effectiveness. To address these challenges, companies need to integrate CSR into their overall business strategy and make it a priority at all levels of the organization.
In conclusion, CSR is an important aspect of sustainable business practice that can benefit both companies and society. By prioritizing CSR, companies can demonstrate their commitment to sustainability and contribute to a more equitable world.
Author's cover photo
Published on 04 / April / 2022 : 12-15
Published by Liana Aloyan

Journalist, columnist. Liana studies at the Faculty of Russian Philology of Khachatur Abovyan State University. She has been working at Yelaket (Yelaket.am) news agency since 2019 as a journalist and columnist. Writes articles about business and marketing. Liana is a member of "Media association" since 2020.

Viewed 457times
Latest news