corporate

In recent years, there has been a push toward corporate social responsibility (CSR) and related ideals like conscious capitalism. These models of thought embrace the idea that companies can act as a force for good in the world. For example, corporations can establish policies, procedures and practices that promote environmental sustainability, social justice and similar progressive ideals. The benefits of corporate social responsibility are numerous. Environmentalism or social justice are not the only causes being advanced. Rather, the benefits of CSR also extend to the company itself and its employees. What Is Corporate Social Responsibility? Corporate social responsibility, also known as corporate citizenship, is a model of doing business that encourages companies to be mindful of the impact they have on the surrounding environment and community. The principles of CSR state that companies should establish practices that have a positive impact on the environment and all members of society, including both internal and external stakeholders. For example, a coffee chain might embrace CSR by ensuring that all of the coffee it buys is ethically and sustainably sourced. It might even commit to planting trees to offset its carbon footprint and require green building practices for its stores. It’s important to note [...]