Inspiration - Companies
While CSR benefits are hard to quantify, research shows a correlation between social/environmental performance and financial performance.
The business case for CSR within a company employs one or more of these arguments:
Triple bottom line
"People, planet, and profit", also known as the triple bottom line, form one way to evaluate CSR. "People" refers to fair labour practices, the community, and the region where the business operates. "Planet" refers to sustainable environmental practices. Profit is the economic value created by the organization after deducting the cost of all inputs, including the cost of the capital. Overall, trying to balance economic, ecological, and social goals are at the heart of the triple bottom line.
Corporate social initiative – the different types
Corporate social responsibility includes six types of corporate social initiatives:
Attract the right talent
A CSR program can be an aid to recruitment and retention of employees. Particularly within the ...
CSR as a business positioning tool
Companies operating strong CSR activities tend to drive customers’ attention to buy products or ...