What is the concept of corporate social responsibility given today's example? (500 words)

CSR means that a company has to take care of all its stakeholders as well as its environment.

- Highlight the significance of CSR in the current environment - changing social norms and regards to social responsibility, controlling the company reputation/brand, attracting and retaining staff and risk mitigation.

- Give examples of CSR in practice today: Environmental actions (green measures, low carbon impact); ethical business chains (no child labor, staff decent treatment); corporate charity (donations, volunteer jobs, NGO partners); diversity, equity and inclusion programs; responsible marketing/advertising.

For example: Companies that emulate Patagonia's values, like Patagonia, heavily invest in that they employ ecological CSR practices such as environmentally responsible manufacturing that ensured the products at any stage of their production were ethically made. This ensures that the risks of negative publicity are controlled and they also have a potential for attracting customers and talent who are fully aligned with the core values of Patagonia.