Abstract:
Corporate Social responsibility (CSR) is a critical concept that mandates businesses to operate
in a socially, environmentally, and economically sustainable manner. CSR goes beyond profit
maximization to include the well being of various stakeholders, such as employees, communities and
the environment. Various laws and regulations at national and international levels govern CSR. For
instance, Companies Act 2013 in India mandates certain companies to spend a percentage of their
profits on CSR activities. International guidelines, such as the UN Global Compact and OECD
guidelines for Multinational Enterprises, provide frameworks for ethical and sustainable business
practices. These legal measures aim to standardise CSR activities, ensuring accountability and
transparency. Beyond legal obligations, businesses are expected to adhere to moral principles that
foster trust and loyalty among stakeholders. Effective corporate governance is crucial for
implementing CSR. This involves establishing policies and procedures that align with CSR goals,
ensuring that directors and officers uphold these responsibilities. Good governance frameworks
support ethical decision-making and accountability, promoting long-term sustainability. Legal CSR
frameworks provide several benefits, such as enhanced reputation, risk management, and operational
efficiency. However, challenges exist, including the costs of implementation, measuring impact, and
balancing diverse stakeholder interests. Furthermore, varying global standards can complicate the
consistent application of CSR practices. Emerging trends in CSR legislation indicate a shift towards
greater accountability and sustainability. As global cooperation increases, businesses are likely to face
more comprehensive and stringent CSR requirements. Companies must stay ahead of these trends to
maintain compliance and capitalize on new opportunities for sustainable growth. The importance of
this study is to understand the concept and origin of CSR, legal obligations and ethical
considerations.To reach up the goal researchers have adopted secondary method.
