Corporate social responsibility doesn't necessarily harm business, but it doesn't necessarily boost profits either. This leader reflects my personal viewpoint of corporate social responsibility:

So the apparent triumph of CSR should prompt humility, not hubris. There is money to be made in doing good. But firms are not there to solve the world's political problems. It is the job of governments to govern; don't let them wiggle out of it.

Firms should definitely take all stakeholders into account, including environmental ones. But, remember, it's undemocratic to insist the industries write their own regulations; that's the job of our elected leaders.