NEW TPO 2 Why does the speaker mention renewable energy sources?

[00:00.00](N) Listen to a talk in a business class. 
[00:01.00](W-Am) Today, we will discuss the concept of corporate social responsibility, often abbreviated as CSR. CSR is a business model in which companies integrate social and environmental concerns into how they operate. It’s more than just to comply with legal requirements; it’s about voluntary actions that benefit society. Companies that embrace CSR often focus on things like sustainable practices, ethical labor standards, and community engagement. By doing so, they aim to enhance their reputation, build consumer trust, and so potentially increase profits. One example of CSR in action is a company that reduces its carbon gas emissions by adopting renewable energy sources, such as solar or wind power. Another example is a corporation that ensures fair wages and safe working conditions for its employees. CSR can also involve charitable giving, such as donating a portion of profits to social causes or supporting local organizations. While CSR brings many benefits, it is not without challenges. Companies may face higher operational costs when implementing sustainable practices, and measuring the impact of CSR initiatives can be complex. Despite these challenges, many businesses believe that the long-term benefits of CSR outweigh the short-term costs. Next, we will explore some case studies of companies that have successfully implemented CSR strategies.