Corporate Social Responsibility (CSR) involves which of the following?

Corporate Social Responsibility (CSR) is fundamentally about the ethical framework within which businesses operate, emphasizing the voluntary efforts that companies undertake to enhance societal well-being. This approach reflects a company's commitment to consider the interests of society, beyond just profit generation.

By engaging in CSR activities, businesses aim to contribute positively to communities, whether through sustainable practices, charitable contributions, or initiatives that promote environmental stewardship. This philosophy encourages companies to take responsibility for their impact on society and the environment, leading to benefits that can include improved public perception, employee satisfaction, and long-term profitability.

The other options do not align with the essence of CSR. Mandatory regulations imposed by governments do enforce certain standards, but they do not represent the voluntary nature of CSR. Focusing solely on profit generation disregards the broader responsibilities businesses hold towards society. Similarly, limiting operations to local markets does not inherently relate to CSR principles, as impactful CSR can be implemented on a global scale.