Six key benefits of Corporate Social Responsibility (CSR)
Brand Value and Reputation
Corporate Social Responsibility (CSR) initiatives and programs boost businesses’ industry and overall reputation, which increases the value of their brand and gives them an edge over competition.
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Employees and future work force
More than ever before, employees and prospective employees value sustainability, so by implementing new responsible business practices companies are better able to retain and attract a strong work force.
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Evaluating CRS initiatives will motivate your business to find new and creative ways to boost day-to-day productivity. Companies often find that through sustainable practices, such as recycling, the outcomes are not only good for the environment, but also improve efficiency and in some cases cost reduction.
Risk reduction and management
Having and enforcing sustainable business practices reduces your company’s risk of violating environmental-related legislation.
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Direct financial impact
Most business are able to reduce cost by simply turning off lights when they’re not needed and pay less in penalties. Simple things like this can often boost investor and shareholder value by reducing company spending.
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Organizational growth and opportunities
As organizations look to implement CSR programs they often find themselves expanding their existing products by establishing new partnerships and are able to tap into additional market opportunities.
Still not satisfied? Check out the Twitter Hastag #CSR for more related content!