English B2: Corporate Social Responsibility

CRS- What is it?

Slajd 1

„a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis” - European Commission

„the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” - World Business Council for Sustainable Development

Aspects of CSR

Human rights

Poverty alleviation

Labour standards and security

Promotion of health and education

Environmental protection

Enterprise and economic development

Business standards and corporate governance

CRS- Why do it?

Corporate Benefits of CSR….

how important is it to you to know about company activities in society and the community when forming an opinion about it ?

49% Fairly imporatnt

33% Very important

16% Not very important

2% No opinion

Corporate Benefits of CSR….

Strong corporate reputation

Better relations with governments, local communities

Reduced likelihood of regulatory intervention

Higher employee morale and commitment

Competitive advantage over rivals

CSR - How do it?

by answering the question „without who corporation can not operate?„

and simply taking care of it…

Stakeholders

Stakeholders are individuals or groups who have a ve

sted interest in a company’s operations, who interact with a company in one or more of its activities and whose co-operation or active involvement a company needs for its ‘license to operate’