Corporate Social Responsibility (CSR)Welfare: It refers to a corporation's initiatives to assess and take responsibility for its impact on environmental and social well-being. CSR involves efforts to improve society and minimize any negative impacts caused by the corporation's activities.
Corporate social responsibility programs aim to give structure to a company's efforts to give back to the community, participate in philanthropic causes, and provide positive social value. Businesses increasingly turn to CSR to make a difference and build a positive brand around their company.
ESG stands for "Environmental, Social, and Governance": Environmental: How an organization impacts the planet Social: How an organization impacts people, including employees, customers, and the community Governance: How an organization is governed, including leadership, compliance with government policies, and internal company culture ESG is a set of standards that's used to measure an organization's sustainability and ethical performance. It's often used in investing, but it also applies to customers, suppliers, employees, and the general public.