Corporate social responsibility (CSR) is a business practice defined by making meaningful efforts towards things like environment, social, and economical issues. And, with more companies using their available resources to drive positive change, CSR has become a crucial part of a business' inner workings.
Here are three ways your company can be more socially responsible:
CSR has great advantages, both internally at work and externally out in the world. It can positively contribute to society, while also strengthening your company. Some of the key benefits of it include:
No matter how simple your efforts are, they can still help. The cosmetics company LUSH, for example, saves more than 118,800 gallons of water annually by making shampoo in solid bars rather than bottling it.
Resource efficiency not only conserves energy, but cost too. You can try working with recycled materials whenever possible and use items like LED lights, which consume at least 75% less energy than incandescent bulbs.
3. Creating Business Opportunities
CSR prompts you to think outside the box about how to make your organization better. This can generate ideas you might not have considered before, or connect you with a brand new network of like-minded people.
Create a culture that employees are proud of. Studies have shown that knowing a company's "good deeds" can make an employee feel more committed and more likely to discuss their workplace with others.
A long-term commitment to a social cause can help you attract loyal employees, customers, and stakeholders, as well as earn the respect of others in the professional world.