CSR is based on the belief that businesses have a greater duty to society than just providing jobs and making profits. It asks business leaders to consider their decisions’ environmental and social impacts in order to reduce harm where possible.
For example, a retail chain implements a CSR initiative by sourcing 60% of its products from certified fair-trade suppliers, donating 1% of annual profits to local food banks, and committing to reduce its packaging waste by 30% over three years.
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