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CSR: A New Era for Business

Corporate Social Responsibility is a self-regulating business model that helps a company be socially accountable to not only itself but to its stakeholders and to the public. By practicing CSR, companies can be conscious of the kind of impact they have on all aspects of society: economic, social, and environmental (Fernando, 2021).

Notable Companies

Many of our favorite companies have adopted this business model and it has only benefitted them for the better! The world’s most popular search engine Google has achieved 100% of its renewable energy target in 2017. The company also provides grants to several social impact initiatives, including the Equal Justice Initiative and Goodwill Industries International. Another company that we all love is Ben and Jerry’s, and it’s not just for its ice cream. Since the 1980s, the company has supported a number of important causes dealing with sustainability. By 1989, it first “opposed Recombinant Bovine Growth Hormone use in cows...It also used its packaging to support the family farm organization, Farm Aid. The company even created the Ben and Jerry’s Foundation, which encourages its employees to give back to their communities and offers grants for social justice programs” (Gauss, 2018).

The most noticeable company that completely changed that game for CSR is Starbucks. During an interview in 2017, CEO H