What is Corporate Social Responsibility?
Corporate Social Responsibility isn’t about throwing money at the hottest new activist fad. It's a system of self-regulation and risk mitigation that allows you to align your organization's goals and values with the way you do business in order to create positive outcomes for your company, environment, and community. Failing to appropriately manage environmental and social issues can directly impact your reputation, business operations, and long term economic vitality. CSR is becoming increasingly important to consumer decision-making and
international regulators. As consumers become more aware of global environmental and social issues, they place more importance on CSR when deciding where to spend their money. They want to know that their dollars are being put to good use and making a positive impact in the world. Likewise, regulators increasingly require companies to be more transparent in their operational practices. Companies that incorporate CSR into their business models recognize that it is more than a "nice-to-have" element - it's crucial to their business success.