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UPSC Mains 2022

In contemporary world, corporate sector’s contribution in generating wealth and employment is increasing. In doing so, they are bringing in unprecedented onslaught on the climate, environmental sustainability and living conditions of human beings. In this background, do you think Corporate Social Responsibility (CSR) is efficient and sufficient enough to fulfill the social roles and responsibilities needed in the corporate work mandated? Critically examine.

General Studies Paper - 4, Topic: Corporate Social Responsibility (CSR)

Jan 06, 2023

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Corporate Social Responsibility (CSR) is a concept that refers to the voluntary efforts of businesses to take into account the social and environmental impacts of their operations and to contribute to the well-being of the community. While CSR can be a valuable tool for addressing some of the negative impacts of corporate activities, it is generally not considered sufficient to fully fulfill the social roles and responsibilities needed in the corporate sector.

 

There are several reasons why CSR may not be sufficient to address the negative impacts of corporate activities:

 

1. CSR is voluntary: While some companies may choose to engage in CSR initiatives, others may not. This means that not all companies will be contributing to social and environmental causes in the same way.

 

2. CSR is often driven by public relations concerns: Many companies engage in CSR in order to improve their public image, rather than out of a genuine commitment to social or environmental issues.

 

3. CSR initiatives may be insufficient: Even when companies do engage in CSR, the initiatives they undertake may not be sufficient to address the negative impacts of their operations.

 

While CSR can be a valuable tool for addressing some of the negative impacts of corporate activities, it is not a substitute for regulatory measures and government policies that ensure that businesses are operating in a socially and environmentally responsible manner.

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