Every company understands differently the meaning of Corporate Social Responsibility. However, CSR encompasses four basic elements: The company behavior towards its employees, the market, the society and the environment. In a sense, companies through CSE do nothing more but to return a part of their revenue to society and the environment they operate into. As companies are a part of society, they derive from it all the capital necessary for their operation, either human or environmental. Some companies decide to develop a code of conduct, in which they analyze a set of actions towards the society and the environment. Others take voluntary action in aid of the environment, society or sensitive social groups.
But there are various fields in which a company can encompass Corporate Social Responsibility. Below are some tips for what could companies do to move towards that path.
Working conditions:
- Manage effectively its human resources, through equal opportunities and trainings
- Manage effectively its human resources, through equal opportunities and trainings
- Offer social insurance programs
- Renovate sanitary facilities and always keep them clean
Market:
- Protect the consumer
- Rational pricing of the offered products and services
- Ensure product quality and safety
Society:
- Support cultural and sports events
- Support NGO’s
- Support socially sensitive groups
- Support education
Corporate Ethics:
- Anti-corruption measures
- Active participation of all board member in the decision making process
Environment:
- Reduce waste
- Recycle
- Reduce energy consumption
- Environmental friendly investments
If you want to learn more about what you can do to build a CSR strategy for your organization, please visit our website