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Corporate social responsibility is a business model that helps a company be socially accountable, aiming to contribute to economic development while improving the quality of life of the workforce and their families as well as society at large.
Companies meeting certain criteria, such as revenue, profits, or number of employees, are required to file corporate social responsibility.
Companies can fill out corporate social responsibility reports by collecting data on their social and environmental impacts, policies, and initiatives, and then reporting this information in a standardized format.
The purpose of corporate social responsibility is to ensure that businesses engage in activities that have a positive impact on society, the environment, and their stakeholders.
Companies must report on their environmental impact, social initiatives, governance practices, and efforts to promote sustainability.
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