ChatterBank1 min ago
what is corporate social responsibility and were could i get good info on it?
What is "corporate social responsibility"?and were could i get good info on it?
What is it all about?
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Corporate social responsability is all about companies doing something to offset the negetive effects which they can have on society. Also is is about them playing their part to use the wealth they have to benifit others aside from the shareholders. CSR has become the cool thing for companies to be in the 21st century following a period in the 1990's which saw a great deal of protests against large corporations such as macdonolds and starbucks
anyway if you want to find out more go to:-
http://www.article13.com/default.asp
hope this is of help!
Another good place to look is www.f&c.com
This is a fund manager/asset manager that uses its voting power to engage with companies to get them to change the way they work, for example by not using suppliers that use child labour.
They also do a lot of research on CSR and on good corporate governance in general; there is a lot of material readily available on the site.
Other similar companies include Morley and Insight - their websites may carry further information.
Sorry, I typed it from memory.
It's www.fandc.com
or you could try www.isisam.com (which is the former name).
CSR, also known as Corporate Social Responsibility, is the way in which organizations can incorporate social issues into their operations. The purpose is to make a positive impact with specific or all stakeholders. Moreover, it refers to the principles and identity the company identifies itself with.
If you are interested in the topics, I suggest you take a look at our "Wiki" definition here -> https:/
I hope I've been clear!
Have a nice day ;)
visit for more details : https:/
Importance of CSR
CSR is crucial for businesses as it helps to build trust and credibility with customers, employees, and other stakeholders. By committing to social and environmental causes, companies can improve their reputation and attract new customers. Additionally, CSR can help to attract and retain employees who are motivated by working for a company that is making a positive impact on the world.
Implementing CSR Implementing CSR can take many forms, depending on the company and its goals. Some common ways that companies engage in CSR include:
• Supporting charitable causes through donations or volunteer efforts
• Implementing environmentally-friendly practices in the workplace
• Offering fair wages and benefits to employees
• Providing opportunities for employee volunteerism and community service
• CSR for women: This could include initiatives that support women empowerment, such as providing job training, promoting equal pay and workplace opportunities, and supporting women-owned businesses.
• CSR for environment: This could include initiatives that promote sustainable practices, such as reducing waste, conserving energy and water, and protecting natural habitats.
• CSR for education: This could include initiatives that support education and literacy, such as providing scholarships, building schools, and promoting education for girls and underprivileged children.
• CSR for skill training: This could include initiatives that provide job training, vocational education, and skills development for underprivileged individuals, to help them secure better jobs and improve their livelihoods.
• CSR for Old Age: This could include initiatives that support elderly people, such as providing financial assistance, medical care, and social support.
• CSR for plantation: This could include initiatives that promote reforestation, agroforestry, and sustainable agriculture, that can help to conserve biodiversity and fight against climate change.
• CSR for street children: This could include initiatives that provide shelter, education, and support services to children living on the streets, to help them break the cycle of poverty and vulnerability.
Measuring the Impact of CSR
Measuring the impact of CSR can be challenging, as it often involves intangible benefits such as improved reputation and employee engagement. One way to measure the impact of CSR is through metrics such as customer loyalty, employee retention, and community engagement. Additionally, companies can conduct surveys and focus groups to gather feedback from customers, employees, and other stakeholders on the impact of their CSR initiatives.
In conclusion,
CSR is an important aspect of any business. It helps to build trust and credibility with customers and employees, and it can create a positive impact on the community and the environment. By implementing CSR initiatives and measuring their impact, companies can ensure that they are making a meaningful difference in the world.
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