Learn in the textbookCorporate Social Responsibility and Environmental Initiatives
DefinitionCSR (Corporate Social Responsibility, 企業の社会的責任) is the idea that a company should not only pursue profit but also meet its responsibilities to society and the environment.
ExplanationCSR stands for Corporate Social Responsibility, and what it asks of a company goes beyond legal compliance to cover environmental protection, respect for human rights, contributions to the local area and more. The company is responsible not only to its shareholders but to everyone involved in its activities (the stakeholders covered later).
AnalogyIt is like a neighborhood bakery that does more than sell good bread: it sweeps the sidewalk out front, tries to waste less unsold bread, and aims to stay in business for years as part of the community.
Memory hookC is for Corporate and SR for Social Responsibility. Drop the leading C and the remaining SR shows up again in SRI.