Reference no: EM132108213

Corporate Social Responsibility (also known as CSR) is a form of self-regulation integrated by a company into its business model. CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered stakeholders. Proponents argue that companies adopting CSR are likely to maximize profits over the long term because they operate with a perspective favorable to society. Critics believe that CSR is merely window dressing and distracts the management from their main goal of maximizing shareholder wealth. Do you think corporations should adopt a CSR culture? Do you think CSR will ultimately be a profitable strategy for companies? Would you invest in a CSR company if you thought it would make less money? Is it really possible for a company to truly be socially responsible? What about wealthy founders/owners of such companies who pledge to give away their wealth? Does that influence your purchasing/investing choices? Warren Buffet started the "Giving Pledge" where billionaires agree to donate at least half of their wealth.