CSR i.e, Corporate Social Responsibility.
Every citizen has his responsibility towards his society where he lives. To improve the living condition, enhance the status of the society, one has to contribute from his side. It may be financially involved responsibility or non-monetary involvement. A person can teach the school subjects free of cost to the children living in and around his area, he can educate about good hygiene, good habits and even he can organise daily games and fitness programme for the benefit of the area where he lives.
In the same way all the corporate companies are having the responsibility to take care of the area where they have placed its establishment.
Eventhough it is involved with cost to the company, the surrounding population will surely get benefitted and in case of any problem, the area public will surely come forward and help to sort out the issue in the company.
Now the Government has made some policy on CSR Activities and instructed all the corporate companies must spend 0.5% to 2% of its profit for CSR Programmes.
11th May 2014 From India, Kumbakonam
Hope this provides some understanding on CSR.
In-House HR & IR Advisor
11th May 2014 From India, Mumbai