your business & corporate social responsibility
TRANSCRIPT
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Your Business & Corporate
Social Responsibility
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Corporate social responsibility (CSR) is
running a business in a manner that adheres
to ethical, legal, commercial, and public
expectations that society has of businesses
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CSR is often carried out through a
number of philanthropic activities, such
as donating money to causes or offer the
business’s expertise free of charge
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There are many reasons why your business
should embrace CSR or better, embedded it
into the business model for the long term
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• Reduce Costs
Practice CSR means that your business will
have to reduce resource use, waste, and
emissions that are bad for the environment
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Not only is this good news for the
environment, it’s also good news for your
business because you will save money
from doing so
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• Boost Reputation
Investors and consumers alike often show
more favour for firms who carry responsible
policies
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Socially responsible activities that involves
giving back to the community can also
generate positive press coverage and help
to improve a business’s relationship with
local authorities
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Good reputation can
also make it easier
your business to attract
& recruit higher quality
candidates on the job
market
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• More Chances for Growth
By taking part in activities outside of
their usual work routines, your
employees will have the chance to
enrich their own perspectives,…
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… contribute to what they are passionate
about, and possibly obtain new skills that
could be useful to them in the workplace
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If your employees feel motivated, their
productivity will increase accordingly, and it
will also make it easier for you to retain them
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One thing to keep in
mind is that, being
socially responsible is
not something that
you can do on a wimp
for more attention
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If you don’t want to receive negative
results when doing CSR activities,
committed on doing it on a regular basis
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Share your opinions by
clicking on these icons
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Questions, Comments or Clarification?
Contact: Maverick Mentoring For Business
Email: [email protected]
Phone: 61 3 9005 8275