The philanthropic area of responsibility, corresponding to doing what global stakeholders desire, is at the top of the pyramid of global corporate social responsibility and performance.
The pyramid of Corporate Social Responsibility (CSR) as defined by Archie Carroll emphasizes the four major areas that a company has to fulfill while indulging in CSR activities. Thus, the topmost level or part of the pyramid is occupied by philanthropy.
By this it means that it is the company's responsibility of making the right decision and focusing on giving back to the community that helped the company and its stakeholders to sustain and grow in the market.
Hence, the company should focus on how to give back to the environment and the community.
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