Which of the following is a characteristic of corporate social responsibility (CSR)?

Taking social and environmental factors into account is a fundamental characteristic of corporate social responsibility (CSR). CSR refers to the commitment of businesses to conduct their operations in an ethical manner that not only contributes to economic growth but also considers the welfare of society and the environment. This approach emphasizes the importance of balancing profit-making with actions that benefit the community and promote sustainable practices.

By integrating social and environmental concerns into their business strategies, companies demonstrate accountability and transparency, fostering a positive relationship with stakeholders, including employees, customers, and the broader community. This shift toward a more holistic view of business impacts underscores the growing recognition that long-term success is linked to the health of the environment and society in which they operate.