4 Types of Corporate Responsibility Your Business can Practice

CategoriesArticlesNo Comments on 4 Types of Corporate Responsibility Your Business can Practice266 views

Recognizing how important socially responsible efforts are to their customers, employees and stakeholders, many companies focus on a few broad CSR categories, including:

1. Environmental efforts:

One primary focus of CSR is the environment. Businesses, regardless of size, have large carbon footprints. Any steps a company can take to reduce its footprint is considered good for both the company and society.

2. Philanthropy:

Businesses can practice social responsibility by donating money, products or services to social causes and nonprofits. Larger companies tend to have plentiful resources that can benefit charities and local community programs; however, as a small business, your efforts can make a big difference. If there is a specific charity or program you have in mind, reach out to the organization and ask them about their specific needs and whether a donation of money, time or perhaps your company’s products would best help them,

3. Ethical labor practices:

By treating employees fairly and ethically, companies can demonstrate CSR. This is especially true of businesses that operate in international locations with labor laws that differ from those in the United States.

4. Volunteering: 

Participating in local causes or volunteering your time (and your staff’s time) in community events says a lot about a company’s sincerity. By doing good deeds without expecting anything in return, companies can express their concern (and support) for specific issues and social causes.

Written by Skye Schooley

Leave a Reply

Your email address will not be published. Required fields are marked *