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Corporate responsibility (CR) is about the impact an organisation makes on society, the environment and the economy

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Corporate responsibility (CR) is about the impact an organisation makes on society, the environment and the economy. ... Factors and mechanisms influencing corporate responsibility include legal and voluntary measures, partnerships with external agencies, and social and environmental reporting. 

Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.

discus each of the component giving its relevance to business