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This is NextUp: your guide to the future of financial advice and connection. Corporate social responsibility, often abbreviated "CSR," is a corporation's initiatives to assess and take responsibility for the company's effects on environmental and social wellbeing. It started in the 1990s and was the first Fortune 500 company to include things like benefits for LGBTQ partners and to be concerned about sustainability. Social Security Benefits Do Your Homework. Socially and environmentally conscious investments; Millennials Want to See More Corporate Social Responsibility. Ridefinders: A commuter portal for finding carpools and vanpools. What is corporate social responsibility? Key takeaway: No matter the size of your company, socially responsible practices can not only benefit your business, but also make a positive impact on the world. Mobile phones have changed the way we interact with the world, an impact felt most intensely by young people. #10: Improved hiring results. 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