Expressnews
Chennai, 24th June 2023: ASSOCHAM Southern Region organised the 3rd Edition of Corporate Social Responsibility (CSR) & Sustainability Conference & Award Ceremony to recognize companies, Institutions and NGOs who have contributed through their Innovative & Sustainable CSR initiatives in multiple Sectors. Corporate Social Responsibility (CSR) is a self-regulating business model that helps a company to be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.
CSR is a way of conducting business, by which corporate entities visibly contribute to social good of the society as whole. Socially responsible companies use CSR to integrate economic, environmental, and social objectives with the company’s operations and growth. Sustainability is awareness that each entity is surrounded by various stakeholders and Building and cultivating good relations with stakeholders based on engagement and dialogue is crucial, because it not only affects the possibilities to manage risks, but also supports development and gives the organization a competitive edge.
