And the subject is one topic, the summary has no relevance to the subject - I guess the count just went up from 620 million to 620 million and one!
CSR can be deciphered in various way in various context , I believe , it is the viewpoint that matters & subsequent actions depending upon the genetic moral model , which is again intangible but enforceable with a definite political will . It is true that the society is always a partner for any profit generated by any corporate in any part of the country as none of us actually "owns" the natural resouces , it is the society which collectively owns this. Generally speaking , all of us are therefore accountable to the society for all our actions , counter-actions. Personally I feel , CSR is very correctly called "corporate conscience".
Quoting from Wikipedia :- "Proponents argue that corporations increase long term profits by operating with a CSR perspective, while critics argue that CSR distracts from business' economic role. A 2000 study compared existing econometric studies of the relationship between social and financial performance, concluding that the contradictory results of previous studies reporting positive, negative, and neutral financial impact. CSR is titled to aid an organization's mission as well as a guide to what the company stands for to its consumers. Business ethics is the part of applied ethics that examines ethical principles and moral or ethical problems that can arise in a business environment."
Request my learned friends to respond & take the discussions forward.