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Corporate Social Responsibility (CSR) refers to a business practice that involves companies taking responsibility for their impact on society and the environment. It goes beyond profit-making objectives to include ethical considerations, environmental sustainability, and community welfare. CSR initiatives may encompass philanthropy, environmental sustainability efforts, and community development projects. By integrating CSR into their operations, companies aim to contribute positively to society while also enhancing their reputation, attracting customers, and long-term sustainability. Ultimately, CSR reflects a commitment to balancing profit-making activities with social and environmental responsibilities.

Fiinovation explains in brief the genesis of CSR in India and the why it was introduced.