Corporate Social Responsibility, or CSR, is a term for describing activities and initiatives that businesses undertake as a means to connect with or give back to the communities in which they do business.

CSR can range from charitable programs and community service, to environmental-impact awareness.

The goal of CSR is to ensure that companies uphold and promote high ethical standards as they simultaneously pursue profits.

It's essential to understand the latest trends and regulations that companies now must consider as they strategize about their CSR activities.

This focus on disclosure most often involves business activities and financial performance, but to many--especially those in the local community--the degree to which a company gives back to the greater good can be a deciding factor in how that business is perceived.

Whether a company is a global behemoth or a mom-and-pop, the value of communicating one's hidden assets cannot be understated.

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