Definition
Corporate Social Responsibility CSR is a business model where companies integrate social and environmental concerns into their operations and stakeholder interactions. It goes beyond legal obligations to voluntarily contribute to a better society through ethical practices and sustainable initiatives. CSR influences decision making by encouraging organizations to consider the impact of their actions on employees, customers, communities, and the planet. For instance, a tech company might invest in renewable energy for its data centers to reduce its carbon footprint. This differs from simple philanthropy as it is woven into the core business strategy rather than being a separate charitable effort. Understanding CSR is valuable for professionals preparing for certifications like the PMP and CAPM exams, as it relates to project stakeholder management and ethical considerations.