Social responsibility is a moral and ethical framework proclaiming and affirming that individuals, groups, and organizations must act in ways that benefit society as a whole rather than causing harm to people and/or the environment.
It requires balancing economic growth and personal or business goals with the welfare of the community and the natural ecosystem.
Corporate Social Responsibility (CSR) is a self-regulating business model that helps a company stay accountable to itself, its stakeholders, and the general public.
Instead of focusing only on making a profit, a company practicing CSR acts in ways that enhance—rather than degrade—society and the environment.