Corporate Social Responsibility: A new trend in SMEs?

With increasing awareness about social and environmental issues, stringent regulations, and increasing direct costs of natural resources, the social responsibility among the corporate sector is stronger than ever before. The concept of Corporate Social Responsibility (CSR) is wide encompassing and takes care of social as well as environmental responsiveness of enterprises to attain sustainable development. Companies have realized that contributing to betterment in these areas helps establish the credibility of the industry as a part of the solution rather than the problem.

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