True. Corporate social responsibility (CSR) often encompasses six main areas, which typically include:
- Environmental Responsibility - Focuses on sustainable practices and reducing ecological impact.
- Ethical Responsibility - Involves adhering to ethical standards and ensuring fair treatment of stakeholders.
- Philanthropic Responsibility - Entails contributing to community welfare through donations and support for philanthropic initiatives.
- Economic Responsibility - Involves operating profitably while being fair to employees, suppliers, and shareholders.
- Legal Responsibility - Covers compliance with laws and regulations pertaining to business operations.
- Social Responsibility - Addresses the company’s impact on society, including its role in promoting social equity and community development.
These areas can vary slightly depending on sources, but they generally encompass the broad principles of CSR.
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