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Understanding Corporate Sustainability & Responsibility
The concept of corporate social responsibility (CSR) has evolved. Its roots can be traced back to the 19th century when business leaders such as Robert Owen and Titus Salt established social welfare programs for their workers. In the mid-20th century, CSR gained greater prominence as companies began to recognize the need to address social and environmental issues.
During the 1950s and 1960s, companies in the United States and Europe began to establish philanthropic foundations and donate to charitable causes.
In the 1970s and 1980s, CSR evolved to encompass various social and environmental issues, including workplace safety, environmental protection, and human rights.
In the 1990s and 2000s, CSR became more formalized, with many companies establishing CSR departments or adopting CSR reporting frameworks. In recent years, CSR has continued to evolve, with a growing emphasis on stakeholder engagement, transparency, and the integration of sustainability into core business strategies.
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