Course Insight
Elevate Your Career: The Role of Corporate Social Responsibility
Introduction
Corporate Social Responsibility (CSR) is a self-regulating business model that helps companies to be socially accountable. In the fashion industry, CSR initiatives can play a significant role in mitigating worker rights violations.
What is CSR?
CSR is a business model whereby companies integrate social, environmental, and ethical responsibilities into their business operations. This involves going beyond compliance and engaging in actions that further social good, beyond the interests of the firm.
Importance of CSR in the Fashion Industry
CSR initiatives can help fashion companies to improve their supply chains, ensure fair treatment of workers, and reduce environmental impact. These initiatives can also enhance a company's reputation, leading to increased customer loyalty and higher profits.