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MGT-510: Strategy PlanningAll firms are recognizing the importance of corporate social responsibility (CSR) and are focusing on practicing CSR on the following categories:a) Environment: Regardless of their size, businesses have a huge carbon footprint. So any step taken towards reducing this is considered a positive effort.b) Ethical practices: Employees are treated fairly and ethically.c) Philanthropy: By making donation to local and national charitable causes.d) Volunteering: Companies are making the effort to attend many volunteering events.Why do you think CSR is important? Give some examples of CSR that has made a positive difference.