CSR - corporate social responsibility

Hello everyone!

Due to the fact that we were talking about “CSR - corporate social responsibility” in our last English lesson I now want to tell you all the important things you need to know about it.

Corporate social responsibility (CSR) is how companies manage their business processes to produce an overall positive impact on society. It covers sustainability, social impact and ethics, and done correctly should be about core business - how companies make their money - not just add-on extras such as humanity.

Now I will tell you the opinion of some businesspeople on CSR.
CSR can help companies reduce costs or increase profits in different ways. For example, companies can reduce their consumption of raw materials and so they can save money. Those companies that are able to differentiate their products or services through their CSR activities may find that consumers favour their products over competitors’ products as shoppers become “green” or more socially aware.

But don’t forget that it is quite different for small companies to pay attention to CSR.
It's too busy to survive difficult times to do this. These companies cannot afford to take their eyes off their core businesses. CSR is great for very large companies that have a lot of resources and the money they need for CSR. For those who are struggling for survival, that is a very different picture. You can't go spending money on unnecessary frills when you're laying people off and morale is rock bottom.

In my opinion, every business should decide for itself whether it pursues CSR activities or not, but it should try a few activities if possibly.

I hope you enjoyed my blog posting and you are going to read my next.

See you soon,
Sabrina