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What is Corporate Social Responsibility (CSR)?

Rachel Kent

What is CSR?

CSR stands for Corporate Social Responsibility. It is a business approach that aims to ensure that companies act responsibly towards society and the environment in which they operate, beyond their legal obligations.

CSR involves a company taking into account the economic, social, and environmental impacts of its operations and making decisions that balance the interests of all stakeholders, including employees, customers, shareholders, and communities. The goal of CSR is to create value for all stakeholders, rather than just maximizing profits for shareholders.

Examples of CSR initiatives include:

CSR has been receiving increased media attention in recent years as consumers, investors, and companies are all actively engaged in the conversation around CSR and its impact on the global economy and society. Some key reasons include:

Climate First Bank is a community bank that places a strong emphasis on environmental sustainability and social responsibility. As such, the bank uses CSR to guide its business strategy and operations. Here are some examples of how Climate First Bank uses CSR:

Overall, Climate First Bank uses CSR as a framework to guide its business practices and decision-making processes, with a focus on promoting environmental sustainability, social responsibility, and ethical behavior. The bank's commitment to CSR helps to create long-term value for its stakeholders, promote a sustainable future, and contribute to the well-being of the communities it serves.

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As the nation’s first climate-focused bank, Climate First Bank is a full-service community bank offering both personal and commercial banking services. We are proud to serve our communities as we work together to promote sustainability and reverse the climate crisis.
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