Corporate Social Reporting
Corporate Social Reporting (CSR) is a way for companies to share how they are acting responsibly towards society and the environment. Through CSR, businesses report on their activities related to things like reducing environmental impact, supporting local communities, promoting fair labor practices, and ensuring ethical operations. This reporting helps the public, customers, and stakeholders understand what companies are doing beyond just making profits, showing how they contribute to the well-being of society.
CSR is important because it makes companies more transparent and accountable. It also encourages businesses to act in ways that benefit both society and the environment. By regularly reporting on their social and environmental efforts, companies can build trust with customers and improve their reputation. Additionally, CSR can help businesses identify areas where they can improve and be more sustainable, which can lead to long-term success.
By CA L.Muralidharan and CPA L.Mukundan
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