CSR stands for “Corporate Social Responsibility”, corporates feel they have a responsibility towards the society at large; hence they integrate social and environmental concerns in their business operations and interactions with their stakeholders. A stakeholder is a party that has an interest in a company and can either influence or be influenced by the business it is associated with. The primary stakeholders in a typical corporation are its investors, employees, customers and suppliers. Some of the benefits of CSR to companies may include:

• Better brand recognition.
• Positive business reputation.
• Increased sales and customer loyalty.
• Operational costs savings and better financial performance.
• Greater ability to attract talent and retain staff.
• Organisational growth.
• Easier access to capital.