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Q.

What are the 4 types of CSR?

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Detailed Solution

Corporate Social Responsibility is typically divided into four main categories: environmental, ethical, philanthropic, and economic responsibility. Environmental responsibility focuses on reducing the ecological footprint of business operations through energy efficiency, recycling, and sustainable sourcing. Ethical responsibility involves fair practices—treating employees well, avoiding corruption, and ensuring transparency in all dealings. 

Philanthropic responsibility emphasizes voluntary actions such as donating to charities, funding education programs, and engaging in community development projects. Economic responsibility ensures a business remains profitable while following ethical standards and contributing to economic growth that benefits society. 

Together, these four types guide businesses in maintaining a balanced approach—protecting nature, ensuring fairness, giving back to communities, and maintaining profitability. Effective CSR strategies often integrate all four categories to build long-term trust and reputation. By addressing these areas, companies demonstrate that they are not just focused on profits but on sustaining people and the planet too.

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What are the 4 types of CSR?