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Corporate initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups.Corporate social responsibility may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.Read more: http://www.investopedia.com/terms/c/corp-social-responsibility.asp#ixzz3ihHLrzlT Follow us: @Investopedia on Twitter
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