Evolution of Corporate Social Responsibility

In the last two decades, the importance of Corporate Social Responsibility (CSR) has grown dramatically. Organizations have realised that their CSR investment has long-term benefits in terms of brand creation, the customer base, and goodwill, among other things. CSR as part of an organization's approach is becoming more and more brazen. CSR was not discovered overnight. It has been practised in various ways since the dawn of time. The meaning of CSR, as well as its meanings, grew over time. Many other words are used as synonyms with minor variations, such as corporate citizenship, environmental responsibility, and Corporate Social Performance. The aim of this paper is to better understand CSR's development and present trends. This paper studies the past of CSR and establishes a relationship between CSR and the organization’s approach towards it.