The document defines CSR as a company's responsibility toward the community and environment where it operates. It expresses this through pollution reduction, contributing to social programs, and adequate returns. Benefits include increased employee and customer loyalty, reputation, and productivity. The impact on business includes shareholder value, efficiency, brand value, risk management, and a license to operate. There are two types of CSR - ethical which avoids harm, and strategic which benefits both society and the company. CSR concerns tangible actions while business ethics focuses on values. The case study outlines the work of Max India Foundation which focuses on healthcare, awareness, and sustainability through various initiatives and camps over six years.