Corporate social responsibility, often abbreviated “CSR,” is a corporation’s initiatives to assess and take responsibility for the company’s impact on environmental and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups.
CSR may also be referred to as “corporate citizenship” and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.
CSR is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.
The way it is understood and implemented differs greatly for each company and country. Corporate social responsibility addresses many and various topics such as human rights, corporate governance, health and safety, environmental effects, working conditions and contribution to economic development.
Corporate Social Responsibility London
Building a reputation as a responsible business sets you apart.
Companies often favour suppliers who have responsible policies.
Some customers do not just prefer to deal with responsible companies, but they increasingly insist on it.
Reducing resource use, waste and emissions does not just help the environment, it will save you money too.
A good reputation makes it easier to recruit, motivate and keep the best employees.
Activities such as involvement with the local community are ideal opportunities to generate positive press coverage.
Imagine spending a fortune on advertising and brand management only to watch years of work go up in smoke within a matter of days. CSR can reduce the risk of sudden damage to your reputation and sales. Investors recognise this and are more willing to finance you.
Whatever the definition we agree to use, Management Consultants London (MCL) , will work with you to drive change towards sustainability.
Corporate Social Responsibility
Seeks to use strategies to balance
People, Planet & Profit
Let MCL help you get it right for everyone
Corporate Social Responsibility Update
- Cority Announces Partnership with European EHS and CSR Consultancy, VP&White, Enabling ...Posted on November 30, 2020 at 8:15 am
... consultancy providing Environmental, Health and Safety (EHS) and Corporate Social Responsibility (CSR) software implementations and support. […]
- Jindal Foundation Rolls Out 'Asha–the Hope' Initiative To Serve 4900 Children With Special NeedsPosted on November 30, 2020 at 7:41 am
Jindal Steel & Power Ltd (JSPL) Foundation, the steel giant's arm which is responsible for its corporate social responsibility (CSR) activities, has ... […]
- Podcast: Sustainability and data drive Abu Dhabi's real estate in 2020Posted on November 30, 2020 at 7:27 am
"This will encourage sustainable real estate investments but also push corporates to report on their corporate social responsibility mandates.". […]
- Cheese, crafts and convicts! Never a dull day for Hope B&B ownersPosted on November 30, 2020 at 6:56 am
Winning in 2019 The Most Socially Responsible Business Award. ... and encouraged a culture of corporate social responsibility throughout their ... […]
- New World Development Joins Forces with DBS Hong Kong to Pioneer Hong Kong's First Interest ...Posted on November 30, 2020 at 6:22 am
(From left to right) Ellie Tang, Head of Sustainability of New World ... and business-integration programme, of which DBS is a social impact partner. […]