Which statement best describes corporate social responsibility?

Corporate social responsibility (CSR) is best described as a model that integrates social and environmental concerns into a company’s operations and interactions with stakeholders. This reflects a broader understanding of a company's role in society, where businesses are expected to conduct their activities in a manner that is ethical and beneficial to the community and environment in which they operate.

By adopting CSR practices, companies acknowledge their responsibility not only to their shareholders but also to other stakeholders, including employees, customers, suppliers, and the local community. This approach demonstrates a recognition of the interconnectedness of business success and societal well-being. Companies engaging in CSR typically strive for a balance between economic growth and the well-being of the society and environment, which often leads to improved brand reputation, customer loyalty, and a sustainable business model.

This understanding contrasts sharply with the notions of maximizing profits alone, reducing operational costs, or focusing strictly on shareholder interests, which do not encapsulate the broader ethical and community-oriented dimensions of CSR.