Student at Amity University Lucknow, India
Professor at Amity University Lucknow, India
The environment and society are both impacted by corporate social responsibility, and businesses have a responsibility to society. CSR was established to give back to society and the environment in place of what is being drawn because it could be that they generate and distribute wealth in a way that is against nature's norms, social behaviour, or trade and commerce rules. This is remembered to fall under the domain of each organization. a duty to the community. The work and activities that businesses perform to support social causes and development, the environment, disaster relief, and the community are referred to as "corporate social responsibility" (CSR) in their broadest sense. In 2013, a demonstration made the Corporate Social Obligation obligatory for Indian businesses. Under the Companies Act of 2013, businesses are now required to publish their CSR report in addition to their annual report and Business Responsibility Report (BRR). They have made CSR an integral part of their brand image in the hope that customers will be more likely to do business with brands that they perceive to be more ethical. Social responsibility is good because it helps society and the environment by reducing their negative effects. This paper attempts to answer such fundamental questions. It will endeavour to propose manners by which Corporate Social Obligation can help with adjusting social and financial advancement. Paper would also try to highlight existing corporate examples of social responsibility and the benefits they have brought to the company.
Research Paper
International Journal of Law Management and Humanities, Volume 6, Issue 2, Page 1513 - 1522
DOI: https://doij.org/10.10000/IJLMH.114542This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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