Of US corporate agendas include sustainability initiatives
9 out of 10
Consumers that feel companies should be socially responsible
Of 13-25 y.o. concerned about future workplace impact on society
Annual cost of global corruption
For the Socially Responsible Enterprise, social responsibility is part of the organization’s essence - not an afterthought. The life cycle of any enterprise or corporation must be about more than just doing good business. Responsibility entails consciously making a positive impact upon the society which we operate in. True leaders transcend the boundaries of their businesses to make their communities better.
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Social responsibility translates into much more than committing to a worthy cause. Even though obligation and duty remain part of the equation, adopting fair and ethical practices allows organizations to continue to operate effectively. A healthy society breeds healthy citizens, workers, and markets. This also gives rise to elements such as affordable food and healthcare, innovation, sustainability, and equality.
By responding to the call of social responsibility, many enterprises enter into a realm where they not only comply, but also lead innovation. Some of the most original and impactful solutions arise out of the entity that dedicates resources to solving internal problems. These answers can then be shared and reproduced. And the impact can literally be world changing.
Increasingly, social responsibility has become more than just a way for organizations to give back to society. Now performance is largely measured in categories such as sustainability and community service. Why? Because it’s proven that these measures make businesses better.
Benefits Of Social Responsibility
Social responsibility benefits the company as much as it benefits communities. Through social responsibility and sustainability efforts organizations enjoy:
- Improved customer relations
- Wider potential investor base
- Mitigation of regulatory risk
- Resource savings
- Inspiration to innovate
- Increased business transparency
- Improved employee retention
- Increased profits
Means & Methods
Social responsibility can take on many forms. It might be the organization that encourages and supports employees to dedicate time to community service. Or it could be the large corporation that donates funds or resources to medical research or some other cause.
Social responsibility, however, must penetrate the enterprise to its core. Some examples are:
- Implementation of environmentally friendly practices
- Strict avoidance of child or low wage labor abuses
- Corporate transparency and anti-corruption measures
- Elimination of all types of discrimination
- Payment of fair wages
- Honest financial and tax reporting