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
- Our CSR approach is underpinned by Tata Ethos: Alka Talwar, Chief of CSR and ...Posted on September 23, 2021 at 7:18 am
Tata Chemical's integrated CSR approach is underpinned by the Tata ethos and aligned with UN SDGs, making an impact in all areas ranging from nutrition to ... […]
- AIESEC Alumni, LCCI to host 37th Omolayole Management Lecture Series - Vanguard NewsPosted on September 23, 2021 at 6:45 am
... managerial leadership in multinational companies across Nigeria, ... as part of its activities and Corporate Social Responsibility (CSR) initiatives, ... […]
- Ooredoo participates in Dell Technologies Forum Middle East 2021 - The Peninsula QatarPosted on September 23, 2021 at 6:33 am
Corporate social responsibility has always been a key priority for Ooredoo as an integral pillar of our strategy, as we believe CSR and sustainability does ... […]
- Summit Ascent's Phenomenal Success in Asiamoney's Asia Outstanding Companies Poll 2021Posted on September 23, 2021 at 6:33 am
... and corporate social responsibility, all of which are well regarded within the investment community. Asiamoney's Asia Outstanding Companies Poll Voting ... […]
- Advocating a sustainable environment with modern technologies - Tech Wire AsiaPosted on September 23, 2021 at 4:41 am
While most companies do this as part of their corporate social responsibility efforts, there has been an increase in organizations that are advocating ... […]