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CORPORATE SOCIAL RESPONSIBILTY - Coggle Diagram
CORPORATE SOCIAL RESPONSIBILTY
Definition
A self-regulated way for businesses to include philanthropic and charitable contributions in their organizational policies.
When businesses report on their CSR, it includes:
Business ethics
Charity donation
Compliance with:
a) Regulations
b) Norms
c) Standards
d) Labels
Working conditions
Local communities
Environment
Corporate Social Responsibility
=
Corporate Sustainability
Example
Starbucks
In a trash audit performed by Greenpeace in 2019, Starbucks ranked as the 3rd most polluting company in Canada. Hence, as an order of magnitude, 2.8% of the drinks were served in reusable cups and are made of 10% post-consumer fibre.
Patagonia
82% of their line is Fair trade certified sewn impacting more than 72,000 workers. hey are also part of 1% for the planet providing support to environmental non-profit organizations around the world.
Benefits
Reduced materials expenses
Increased productivity
Reduced west expenses
Reduced turn-over
Reduced energy expenses
Reduced risks
Increased revenue