You might argue that running a school or a hospital near the industry should be considered as CSR. Yes, but if you are charging fees for the school or the hospital, is it really CSR? Alright, now you might say- well you already earn enough and can afford to do it for free. But are you not getting anything in return? You are building your credibility in the market and loyalty among your employees. Real social responsibility does not need anything in return nor does it require you to promote it in your website as “Our CSR initiatives”. When you do so, it is not really CSR.
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