This document discusses a workshop on corporate social responsibility (CSR) and firm performance. It presents a framework for understanding the relationship between CSR and financial performance. While research shows only a correlation, focusing on CSR may boost employee morale and productivity, and provide reputational benefits. In the long run, CSR focus helps firms address rising costs from resources, regulations, and other factors. However, CSR does not immediately boost cash flows. The role of policy is to provide certainty that helps CSR integration become more financially profitable over time as constraints increase.