Course project— understanding creative capitalism—instructions &&
Corporate social responsibility (CSR) is the concept of businesses taking an active role in addressing social and environmental issues while also contributing to economic development. This involves companies demonstrating a commitment to sustainability and ethical practices such as reducing their carbon footprint, engaging in fair labor practices, or promoting human rights initiatives. Two examples of socially responsible companies include Patagonia and Tesla Motors. Patagonia is committed to protecting the environment through initiatives such as using natural materials for production, investing in renewable energy sources, or advocating for climate justice causes; they have also implemented a 1% For The Planet program which donates 1% of their total sales towards grassroots environmental organizations worldwide. Meanwhile, Tesla Motors has focused on creating innovative electric technologies that reduce emissions from transportation; they are also working on developing solar panel systems for residential homes across the United States so that individuals can power their homes with renewable energy instead of relying on fossil fuels. Overall, these two companies demonstrate how corporate social responsibility can be achieved through meaningful actions that benefit both society and the environment.