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    Activity GGSR

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    Ann Nieva
    Corporate social responsibility (CSR) refers to companies operating in a socially and environmentally responsible manner. CSR should be mandated for corporations as it benefits companies in several ways, including improved public image, increased brand awareness and recognition, cost savings, and a competitive advantage over companies that do not practice CSR. Exactly what constitutes socially responsible practices may vary by company but often involves considering social and environmental impacts alongside profits, which is known as the triple bottom line of "profit, people, planet."

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    Activity GGSR

    Uploaded by

    Ann Nieva
    27 views2 pages
    Corporate social responsibility (CSR) refers to companies operating in a socially and environmentally responsible manner. CSR should be mandated for corporations as it benefits companies in several ways, including improved public image, increased brand awareness and recognition, cost savings, and a competitive advantage over companies that do not practice CSR. Exactly what constitutes socially responsible practices may vary by company but often involves considering social and environmental impacts alongside profits, which is known as the triple bottom line of "profit, people, planet."

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    110921 Activity GGSR

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    Corporate social responsibility (CSR) refers to companies operating in a socially and environmentally responsible manner. CSR should be mandated for corporations as it benefits companies in several ways, including improved public image, increased brand awareness and recognition, cost savings, and a competitive advantage over companies that do not practice CSR. Exactly what constitutes socially responsible practices may vary by company but often involves considering social and environmental impacts alongside profits, which is known as the triple bottom line of "profit, people, planet."

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views2 pages

    Activity GGSR

    Uploaded by

    Ann Nieva
    Corporate social responsibility (CSR) refers to companies operating in a socially and environmentally responsible manner. CSR should be mandated for corporations as it benefits companies in several ways, including improved public image, increased brand awareness and recognition, cost savings, and a competitive advantage over companies that do not practice CSR. Exactly what constitutes socially responsible practices may vary by company but often involves considering social and environmental impacts alongside profits, which is known as the triple bottom line of "profit, people, planet."

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Antoneth Novero

    “Should Corporate Socially Responsibility be mandated for Corporations or not?”


    Corporate social responsibility (CSR) is a self-regulating business model that helps a company
    be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social
    responsibility, also called corporate citizenship, companies can be conscious of the kind of
    impact they are having on all aspects of society, including economic, social, and environmental.
    To engage in CSR means that, in the ordinary course of business, a company is operating in
    ways that enhance society and the environment, instead of contributing negatively to them.
    Being a socially responsible company can bolster a company's image and build its brand. Social
    responsibility empowers employees to leverage the corporate resources at their disposal to do
    good. Formal corporate social responsibility programs can boost employee morale and lead to
    greater productivity in the workforce.
    Corporate social responsibility should be mandated in a corporation because a firms that embrace
    corporate social responsibility are typically organized in a manner that empowers them to be and
    act in a socially responsible way. It’s a form of self-regulation that can be expressed in initiatives
    or strategies, depending on an organization’s goals.
    Exactly what “socially responsible” means varies from organization to organization. Firms are
    often guided by a concept known as the triple bottom line, which dictates that a business should
    be committed to measuring its social and environmental impact, along with its profits. The adage
    “profit, people, planet” is often used to summarize the driving force behind the triple bottom line.
    Corporate social responsibility has the following benefits in your business:

     Improved public image. This is crucial, as consumers assess your public image when
    deciding whether to buy from you. Something simple, like staff members volunteering an
    hour a week at a charity, shows that you’re a brand committed to helping others. As a
    result, you’ll appear much more favorable to consumers.
     Increased brand awareness and recognition. If you’re committed to ethical practices, this
    news will spread. More people will therefore hear about your brand, which creates an
    increased brand awareness.
     Cost savings. Many simple changes in favor of sustainability, such as using less
    packaging, will help to decrease your production costs.
     An advantage over competitors. By embracing CSR, you stand out from competitors in
    your industry. You establish yourself as a company committed to going one step further
    by considering social and environmental factors.
     Increased customer engagement. If you’re using sustainable systems, you should shout it
    from the rooftops. Post it on your social media channels and create a story out of your
    efforts. Furthermore, you should show your efforts to local media outlets in the hope
    they’ll give it some coverage. Customers will follow this and engage with your brand and
    operations.
     Greater employee engagement. Similar to customer engagement, you also need to ensure
    that your employees know your CSR strategies. It’s proven that employees enjoy
    working more for a company that has a good public image than one that doesn’t.
    Furthermore, by showing that you’re committed to things like human rights, you’re much
    more likely to attract and retain the top candidates.
     More benefits for employees. There are also a range of benefits for your employees when
    you embrace CSR. Your workplace will be a more positive and productive place to work,
    and by promoting things like volunteering, you encourage personal and professional
    growth.

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