CSR is more than simply donating to charity. It is about showing initiative to deliver a positive impact on society and your local community.
This can include:
- Reducing your carbon footprint
- Ensuring that everyone involved in your business – from customers to suppliers – is treated fairly
- Donating to charity, supporting local projects, and helping the area to thrive
Businesses that decide to partner with charities show their stakeholders that they are committed to corporate philanthropy – but these donations don’t have to be financial! Instead, they could be donations of time, experience, or knowledge.
There are many benefits of CSR to businesses too.
For example, as a society we are becoming more socially responsible, so it would make sense that consumers preferred businesses that follow this ethos. Supporting the right charity can also be an effective means of improving employee relations and fostering better morale.