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Corporate Social Responsibility (CSR) Dimensions
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Economic Responsibility
The traditional concept that the primary responsibility of a business is to produce goods and services that society needs and to make a profit. Examples include job creation, fair wages, and shareholder returns.
Legal Responsibility
Refers to the company's obligations to comply with the laws and regulations as established by governments and judicial bodies. Examples include following labor standards, environmental laws, and business practices regulations.
Ethical Responsibility
Involves businesses conducting their activities in a fair and just manner beyond legal requirements. Examples include ethical sourcing of materials, non-exploitation of labor, and avoidance of corruption.
Philanthropic Responsibility
Signifies a business's efforts to actively improve the welfare of society and contribute resources to societal causes, without an immediate business benefit. Examples include charitable donations, community development efforts, and support for educational programs.
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