Corporate Social Responsibility (CSR) in Industry for Sustainable Innovation
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Abstract
Corporate Social Responsibility (CSR), which influences company practices and promotes sustainable development, has emerged as a crucial element of industrial strategy. This study investigates how CSR programs support ethical labor practices, environmental conservation, and sustainable innovation through a thorough review of secondary data. The research emphasizes the changing role of corporate social responsibility (CSR) in striking a balance between business profitability and societal and environmental duties by examining the body of current literature, sustainability reports, and industry case studies. The results show that industries that integrate corporate social responsibility (CSR) into their fundamental strategy attain stakeholder confidence, regulatory compliance, and long-term economic sustainability. The study also highlights important areas where CSR promotes innovation, including as the adoption of green technologies, labor upskilling, and ethical supply chain management. This study emphasizes the necessity for comprehensive CSR frameworks that support sustainable industrial growth as industries around the world realize the need of ethical business practices.
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