CSR, a concept that became popular in 1960s, is viewed as corporate self-regulation integrated into a business model for social welfare with active compliance with the spirit of the law, ethical standards and administrative norms. Generally, CSR activities are meant to further some social good, cause or reform beyond the interests of the corporate firm required by law of the land.
Though there are a few approaches to CSR, but the most common approach is that of philanthropy. Often, monetary donations and financial aids are given to local and non-local nonprofit organizations and communities for arts, education, housing, health, social welfare, and the environment
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