Commitment to Corporate Social Responsibility (CSR) has now become commonplace in the corporate world.
Practically every formally organised business establishment mentions CSR in its vision statement. The degree of commitment varies among business firms, ranging from mere lip service to being fully committed to serving the needs of society in some way or another.
Most consider their social initiatives as their way of sharing economic wealth with the less fortunate elements of the community. Many have adopted measures aimed at minimising damage to the environment.