as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the concept of corporate social responsibility
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corporate social responsibility (csr) is a company's commitment to social, economic, and environmental responsibility. it encompasses the ethical, legal, philanthropic, and economic responsibilities of businesses. through csr, a company works to improve society and protect the environment by engaging in activities designed to benefit their stakeholders and the community at large. csr initiatives may include increasing diversity, reducing emissions, and making a positive social impact.
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