What term describes actions taken by businesses that respect people, community, and the environment?

The term that describes actions taken by businesses that respect people, community, and the environment is corporate social responsibility (CSR). CSR encompasses a company's efforts to conduct its business in an ethical manner, taking into account its impact on society and the environment alongside its economic performance. This includes initiatives that promote social good, such as reducing carbon footprints, improving labor policies, and engaging in charitable activities.

Corporate social responsibility goes beyond profit maximization and focuses on the broader impact of business decisions on stakeholders, including employees, customers, and the community at large. By prioritizing CSR, businesses aim to operate sustainably and responsibly, which can enhance their reputation and foster trust among consumers and partners.

In contrast, corporate ethics relates to the moral principles that guide the decisions and behavior of individuals within the organization, which is broader than just community and environmental interactions. Corporate governance refers to the system by which companies are directed and controlled, emphasizing the structures and processes involved in decision-making. Corporate accountability pertains to the responsibility of a company to account for its actions and ensure transparency and ethical behavior, often in relation to stakeholders. While these concepts are interconnected, CSR is specifically focused on the positive contributions a business makes to society and the environment.