Environmental Protection – A Corporate Social Responsibility
Environmental Protection A Corporate Social Responsibility
People are now asking more and more questions as to how firms are manufacturing their products as well as wanting to know where the materials are coming from. Potential customers are now more likely to go with a supplier who has taken onboard corporate social responsibility.
Academic studies have shown that a company who operates directly with social responsibility is likely to do better in business than those that don't.
"A 1997 DePaul University study found that companies with a defined corporate commitment to ethical principles do better financially (based on annual sales/revenues) than companies that don't."
Corporate Social Responsibility is still voluntary, yet as more people are becoming aware, they are interested in only purchasing products and supplies with firms that are actively practicing CSR. One of the corporate social responsibilities that many companies are upholding is the environmental protection.
Many companies are now becoming aware of our deteriorating environment. More and more are taking action to find sustainable green solutions to world's ecological problems.
Being aware of how they are affecting the environment, such as using too much water, leaving lights on, leaving windows open, not recycling or using un-recycled materials in fact costs firms more than if they were to practice corporate social responsibility.
CSR is not a legal requirement; however it does have its benefits particularly to our environment.
Taking responsibility on a company level for the environment shows credibility and can help a company's reputation and build trust with their customers. Although this should not be the main reason for social responsibility, these are the benefits that are being put forward to firms who are not yet environmentally friendly.
To give an example of how CSR can affect a business, if a large company was looking around for a firm, who sells stationary to be their sole provider, yet they were only interested in recycled products, then immediately, all those that don't offer recycled products have missed out on a potentially big client.
CSR gives a positive image to potential clients which considering business relationships. Social responsibility shows that you are aware of the changes in the environment and are taking positive steps to helping the economy.
Integrating Corporate Social Responsibility into your business life helps your business, productivity and image as well as leaving your competitors behind who are not currently practicing CSR. And advocating environmental protection is the best way to do it.
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