Corporate Social Responsibility Essay

820 words - 4 pages

Corporate Social Responsibility
Corporate social responsibility refers to a business practice that involves participating in initiatives that benefit society. Liz Maw, CEO of nonprofit organization Net Impact, noted that CSR is becoming more mainstream as forward-thinking companies embed sustainability into the core of their business operations to create shared value for business and society. Sustainability isn’t just important for people and the planet. But also is vital for business success” said Maw, whose company connects students and professionals who want to use business skills to do social good. Communities are grappling with problems that are global in scope and structurally ...view middle of the document...

CSR can encompass a wide variety of tactics from giving nonprofit organizations a portion of a company’s proceeds, to giving away a product or service to a worthy recipient for every sale made. There are three broad categories of social responsibility that business people are participating in. Environment is one of the primary focus dealing with corporate social responsibility. The businesses are both large and small but have a large carbon footprint. Any steps they can take to reduce those footprints and considered both good for the company and society as a whole. Philanthropy is where businesses also practice social responsibility by donating to national and local charities. Whether it involves giving money or time. Also businesses have a lot of resources that can benefit charities and local community programs. Ethical labor practices are treating employees fairly and ethically companies can also demonstrate their corporate social responsibility. This is especially true businesses operate in international locations with labor laws that differ from those in the United States. Many companies now practice some form of social responsibility. Some are making it a core of their operations. Ben and Jerry’s use only fair trade ingredients and has develop a dairy farm sustainability program in its home state Vermont. Starbucks is another example. They’ve created its C.A.F.E Practices guidelines which are designed to ensure the company sources sustainably grown and processed coffee by evaluating the economic, social and environmental aspects of coffee production. Tom’s...

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