Corporate Social Responsibility, typically abbreviated “CSR,” promotes a vision of business accountability to a wide range of stakeholders, not just shareholders and investors, and consists of a corporation’s initiatives to assess and take responsibility for the company’s effects on environment and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or watchdog groups, with key areas of concern being environmental protection, and the wellbeing of employees, the community and civil society in general, both now and in the future.
In addition to defining CSR, and providing well known examples of such, this presentation will also explore:
▪ the driving factors pushing businesses toward CSR (shrinking role of government; growing investor pressure; supplier relations; and more);
▪ the three primary types/theaters of CSR (focusing on philanthropy; improving operational effectiveness; transforming the business model);
▪ the intrinsic and extrinsic benefits of embracing CSR (corporate; community/general public; environmental) and even some cases against CSR; and,
▪ the fundamentals of developing your own CSR.
This presentation will also address the concept, philosophy and benefits of personal altruism.