Organisations are starting to recognise the benefits that corporate social responsibility (CSR) can have for a business. For example, among the largest 250 companies in the world, 92% produced a CSR report in 2015, which informed shareholders and the public about the firm’s activities.
According to Harvard Business Review this number is an increase from 64% having such a report in 2005, meanwhile today’s Fortune Global 500 firms spend around £16billion ($20billion) a year on CSR activities.
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