Corporate Social Responsibility and the Law: Balancing Profit and Public Good

Abstract

Corporate Social Responsibility (CSR) has emerged as a crucial aspect of modern business practices, highlighting the need for companies to balance profit-making with societal welfare. This article explores the interplay between CSR and legal frameworks, examining how legal requirements shape and are shaped by corporate social responsibility initiatives. It discusses the evolution of CSR, its integration into corporate strategies, and the legal obligations companies face regarding social and environmental issues. By analyzing case studies and regulatory approaches, this paper provides insights into how businesses can effectively align their profit motives with public good, thereby contributing to sustainable development and ethical governance.