- Reducing carbon footprints.
- Improving labor policies.
- Participating in fairtrade.
- Diversity, equity and inclusion.
- Charitable global giving.
- Community and virtual volunteering.
- Corporate policies that benefit the environment.
- Socially and environmentally conscious investments.
Social responsibility means that
individuals and companies have a duty to act in the best interests of their environment and society as a whole
. … As such, embracing social responsibility can benefit the prime directive: maximization of shareholder value. There is a moral imperative, as well.
Offering safe products
is an example of social responsibility. Explanation: The social responsibility of a business organization is to involve in activities that benefit society along with balancing their objective of making profits.
- Improved public image. …
- Increased brand awareness and recognition. …
- Cost savings. …
- An advantage over competitors. …
- Increased customer engagement. …
- Greater employee engagement. …
- More benefits for employees.
- Environmental Responsibility. …
- Ethical Responsibility. …
- Philanthropic Responsibility. …
- Economic Responsibility.
there are three concepts of social responsibility:
(1) profit responsibility, (2) stakeholder responsibility, and (3) societal responsibility
. holds that companies have a simple duty: to maximize profits for their owners or stockholders.
- Volunteer. Companies are seeing a benefit in offering volunteer days to their employees. …
- Invest in social and environmental initiatives. …
- Practice ethical labor. …
- Promote philanthropy. …
- Be environmentally conscious.
Two opposing perspectives to CSR have emerged resulting from different interpretations of the role of corporations in society—
business view and societal view
.
- Engaged employees. …
- Loyal customers. …
- Positive public attention.
What is CSR in simple words?
Corporate social responsibility
(CSR) is a company’s commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations. … CSR activities may include: Company policies that insist on working with partners who follow ethical business practices.
What is CSR and examples?
What is CSR and examples? CSR is
where businesses look at how they can better serve society as a whole
, thereby improving its public image and relations. Examples include Google that invested $1.5 billion into renewable energy, and Disney which invested $100 million in children’s hospitals.
Student social responsibility mainly focuses on
taking responsibility for one’s own actions
. It is a promise everyone should make for the society while working for the social, cultural and, ecological causes.
- Increased employee satisfaction. The way a company treats its community says a lot about how a company treats its employees. …
- Improved public image. …
- Increased customer loyalty. …
- Increased creativity.
- better brand recognition.
- positive business reputation.
- increased sales and customer loyalty.
- operational costs savings.
- better financial performance.
- greater ability to attract talent and retain staff.
- organisational growth.
- easier access to capital.
- Constructive. …
- Open-minded. …
- Accommodating. …
- Proactive. …
- Crowdsourcing. …
- Environmental Sustainability Initiatives. …
- Give Back. …
- Confront the Critics.
Social responsibility is
an ethical theory in which individuals are accountable for fulfilling their civic duty
, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.
