Corporate social responsibility (CSR) refers to the self-regulation of international private businesses. Over the last decade, it has moved beyond its definition as voluntary corporate self-regulation to regularized compliance to mandatory schemes at regional, national and international levels. An important approach to CSR is corporate philanthropy, in the form of aid and monetary donation to nonprofit organizations and communities, in the areas of housing, health, education, social welfare, environment and arts. Another approach to CSR is the incorporation of CSR strategy directly into operations. Companies use benchmarking for assessing their CSR policy, implementation and effectiveness. This book studies, analyzes and upholds the pillars of corporate social responsibility and its utmost significance in modern times. It elucidates the concepts and innovative models around prospective developments with respect to CSR. A number of latest researches have been included to keep the readers up-to-date with the global concepts in this area of study.