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Answer:
Approach:
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Introduction:
Corporate Social Responsibility (CSR) is a voluntary initiative undertaken by corporations to integrate social, environmental and ethical concerns into their business operations and interactions with stakeholders.
While CSR has gained momentum in recent years, the question remains whether it is efficient and sufficient enough to fulfill the social roles and responsibilities needed in the corporate world.
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Significance of CSR initiatives:-
For example, several corporations have launched initiatives to reduce their carbon footprint, support education and skill development programs for underprivileged sections of society, and provide disaster relief aid.
Conclusion:
While CSR initiatives have their place in corporate responsibility, they are not sufficient in addressing the complex social and environmental challenges facing corporations. A more holistic approach to social responsibility is needed, which integrates social, environmental, and ethical considerations into the core business strategy and operations of corporations.
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