Corporate social responsibility (CSR) refers to strategies that businesses implement as part of their corporate governance to ensure that their operations are ethical and beneficial to society.

CSR is divided into several categories.

Despite the fact that corporate social responsibility is a broad concept that each CSR company interprets and implements differently, the underlying idea of CSR is to operate in a way that is economically, socially, and environmentally sustainable.

In general, corporate social responsibility initiatives are divided into the following categories:

1. Being environmentally conscious

Initiatives promoting environmental responsibility aim to reduce pollution and greenhouse gas emissions while also promoting the sustainable use of natural resources.

2. Responsibility for human rights

Fair labour practises (e.g., equal pay for equal work) and fair trade practises, as well as the prohibition of child labour, are all part of human rights responsibility initiatives.

3. Philanthropic stewardship

Funding educational programmes, supporting health initiatives, donating to causes, and supporting community beautification projects are all examples of philanthropic responsibility.

4. Fiscal responsibility

Economic responsibility initiatives entail making improvements to a company's operations while also engaging in sustainable practices, such as using a new manufacturing process to reduce waste.