With an eye on the environment and social issues, many businesses are no longer solely focused on turning a profit. A top priority for many organizations today is corporate social responsibility, which focuses on how businesses deal with their environmental, social and economic impacts.
CSR is a set of actions of a company that changes business operations to improve, maintain, or mitigate a company’s impact on society and the environment.
Corporate social responsibility (CSR) programs benefit businesses two-fold: they help businesses operate in ways that benefit society and help improve public perception
Types of corporate social responsibility
Corporate social responsibility can encompass a wide variety of tactics, from donating money to local charities to not producing goods in third-world sweat shops. Here are some of the ways businesses worldwide are practicing social responsibility:
Environment: One primary focus of corporate social responsibility is on caring for the environment. Businesses, both large and small, have a large carbon footprint. Any steps that can be taken to reduce those are considered both good for the company and society as a whole. Examples include everything from curbing pollution to developing clean energy solutions.
Philanthropy: Donating to national and local charities is another way business are practicing social responsibility. Whether it involves giving money or time, businesses have a lot of resources from which charities and local community programs can benefit.
Ethical Labor Practices: Treating employees fairly and ethically are other ways companies can practice corporate social responsibility.
CSR isn’t about giving money to charity, or just asking people not to print emails for the sake of Mother Earth! First and foremost, businesses exist to make profit, and this isn’t meant to change as a goal. The reality is that no organisation operates in isolation; there is