Why is csr important in mnc?

Answer 1

Corporate Social Responsibility (CSR) is essential for multinational corporations (MNCs) as it enhances their reputation and builds trust with stakeholders across diverse markets. By engaging in ethical practices and contributing positively to local communities, MNCs can improve customer loyalty and employee morale. Additionally, CSR initiatives can mitigate risks associated with regulatory compliance and social backlash, ultimately leading to sustainable business growth. In a globalized world, responsible behavior is increasingly expected by consumers and investors alike.