"The correct answer is Option 3 i.e. 'It is central to business strategy'.   Key Points The passage explains that CSR has evolved from being a peripheral gesture to becoming an integral part of contemporary business ecosystems. CSR now encompasses deliberate initiatives aimed at environmental stewardship, equitable labor practices, transparent governance, and community development. Purpose-driven CSR, embedded into core business strategies, can catalyze innovation, expand market reach, and contribute to holistic progress. Therefore, the correct answer is- Option 3.   Additional Information Option 1: The passage indicates that CSR is highly relevant and significant in modern business, not outdated.  Option 2: While CSR is mandated in some jurisdictions like India, the passage does not suggest that it is mandated in all countries. Option 4: CSR is not limited to donations; it includes a wide range of activities aimed at sustainable and ethical business practices."