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Our consultants provide advice and support to your business in not only meeting but exceeding your Corporate Social Responsibility as part of your business operations, including Policy writing and wider support.
Drop us a line today to discuss your CSR plans!
CSR is a company's commitment to managing the social, environmental, and economic effects of its operations responsibly and in line with public expectations. Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public.
These principals when adopted within the business, support not only the company but its workforce and the local community.
Social
Social impact on the local and wider community can be measured, reported, and included in the companies’ annual operating results and intrinsically become part of the Key Performance Indicators in line with its objectives. Social Mobility where workers are required to work or live away from home or experience progression within their career can also be monitored and reported as a benchmark for future plans within the business.
Economic
Economic responsibility falls directly on the company, for example, to pay invoices on time, pay employees in line with government legislation and ensure that services/resources are ethically sourced as part of a sustainable procedure.
Environmental
Environmental responsibility form can form part of a companies’ energy requirement that demonstrates a lower carbon footprint than the traditional methods previously adopted. Waste disposal will also impact the environment and again can be measured in output, making all stakeholders aware of their own environmental responsibility can form part of the induction process for employees and the procurement process for goods and services.
Corporate Socially Responsible companies understand how their strategy promotes environmental, social, and economic issues and how they can work in ways that are resourceful, ethical, and sustainable within the local and wider community.
Social value measurement is the assessment of the impacts of a programme, policy, or organisation on the wellbeing of people in society (social wellbeing).
Christine Fitt
Lead CSR & Business Administration Specialist
Christine has an extensive background in Recruitment and Training, supporting companies and individuals in their career and business aspirations. Worked in close liaison with employers to develop their Corporate Social strategy that enhances the local community through work opportunities, training and apprenticeships.
Recognising the benefits to individuals that sustainable employment and work-based learning can achieve.
Christine has built a network of funding agencies, charities, local companies and offender establishments in support of industry specific training to enable their service users opportunities both locally and in the wider community.
What are the benefits of having an operational Corporate Responsibility Policy to your company?
Benefits of corporate social investment for businesses
The potential benefits of CSR to companies include:
- better brand recognition
- positive business reputation
- increased sales and customer loyalty
- operational costs savings
- better financial performance
- greater ability to attract talent and retain staff
- organisational growth
- easier access to capital
Responsible business reputation
Corporate social community investment that does not require a significant financial outlay can help you to build a reputation as a responsible business, which can, in turn, lead to a competitive advantage.
Companies and local authorities often favour suppliers who have responsible policies, since this can reflect on how their customers see them. Some customers don't just prefer to deal with responsible companies - they insist on it.
Costs savings
By reducing resource use, waste, and emissions, you can help the environment and save money too. With a few simple steps, you may be able to lower your utility bills and achieve savings for your business.
Finding and keeping talented staff
Being a responsible, sustainable business may make it easier to recruit new employees and or retain existing ones. Employees may be motivated to stay longer, thus reducing the costs and disruption of recruitment and retraining.
Other benefits of CSR to companies
By acting in a sustainable, responsible way, you may also find it easier to:
- access finance - investors are more likely to back a reputable business
- attract positive media attention - e.g. When taking part in community activities
- reduce regulatory burden - good relationships with local authorities can often make doing business easier
- identify new business opportunities - e.g. For the development of new products or services
- successful completion of tenders where corporate social responsibility forms a significant part of the scoring process
- work with like-minded businesses- that have the community and welfare of their workforce at the core of the company visions and values embedded within their culture
- sustainable-ethical supply chain- working with companies that have their own corporate social responsibility policy and operational practice in line with yours, therefore not having to compromise on community benefits.