What is the Full Form of CSR?

CSR full form is Corporate Social Responsibility. What does that mean? Corporate Social Responsibility, as the name suggests, is about corporations integrating their social responsibility into their business operations. This social responsibility is concerning the social and environmental aspects that factorise in the functioning of a business. It is a management concept that acts as a form of business accountability to the public and stakeholders. CSR enables companies to step out from a state of ignorance and address their impact on socioeconomic and political facets of society.

What are the Main Types of CSR? 

Did you know that companies that execute their approach towards CSR well are viewed in a much better light, improving their broader mission in the world? Well, to get to know CSR better, below-mentioned are the four main types of CSR. 

• Environmental social responsibility 
• Philanthropic corporate responsibility 
• Economic corporate responsibility
• Ethical/human rights social responsibility 

Benefits of CSR

The benefits of CSR can be understood by reading the major ones below. 

1. Protecting Investor Relations 
2. Enhancing Employee Engagement 
3. Improving Brand Recognition 
4. Risk Mitigation 

Top Indian Companies CSR 

Next, let’s focus on India and the Indian companies which are in the top section of well-spent CSR. 

Name of the Company	Amount (INR)
RELIANCE INDUSTRIES LIMITED	908.71 crore
TATA CONSULTANCY SERVICES LIMITED	602 crore
OIL AND NATURAL GAS CORPORATION LIMITED	582.35 crore
HDFC BANK LIMITED	535.31 crore
INDIAN OIL CORPORATION LIMITED	518.49 crore
INFOSYS LIMITED	359.94

We hope this has helped you understand CSR full form and everything related to it. Do you want to know more full forms like this? In the world of short forms, you can rely on our page to know more! Discover more such short forms that can help enhance your general knowledge!