CSR
Also called: corporate social responsibility or corporate social responsibility(csr)
CSR stands for corporate social responsibility. Companies that operate in a socially responsible manner not only strive for profit, but also put people and the environment (planet) first. They are actively aware of the impact of their activities on people, the environment and society.
Corporate social responsibility is a broad term. Apart from the social benefits, propagating a CSR philosophy is of marketing interest; it will appeal to customers if a company wants to add value for the rest of the world and not just make money for itself. Corporate social responsibility can provide an alternative or answer to a negative demand. However, to apply CSR consistently and credibly, it will have to be embedded in all business processes.
Examples of components of corporate social responsibility include:
- Choice of renewable energy sources (renewable, no or low CO2 emissions);
- Use of sustainable raw and auxiliary materials (environmentally friendly, recyclable);
- Invest in the reduction of energy consumption, for example, by applying insulation, solar energy;
- Reducing CO2 emissions by reducing employee car mileage through the application of The New Way of Working;
- Sponsorship of community initiatives;
- Encourage employee volunteering;
- Internal policies focused on employment opportunities for older employees and people with physical disabilities, for example.
There is currently no concrete legislation for Corporate Social Responsibility. However, the government encourages it in various ways. In applying CSR, organizations can use the OECD CSR guidelines and NEN guideline ISO 26000.
