Be a socially responsible citizen!
Of late, we have been facing numerous issues relating to the environment and resources. For many years, we have been inconsiderately chasing our own dreams and have failed to see the larger picture. Everyone is confined to their individual world and hardly has time for others. A small negligence of many individuals has piled up to pose a bigger threat to society. As an individual, we may not achieve greater results, but collectively we can make wonders. With this as a motto, a large number of corporates have come forward to join their hands for the massive cause. Following a moral code of business conduct, being sensitive to the society and environment can solve many issues.
We are here to give you an idea about business ethics, corporate social responsibility and different types of corporate policies. We would also give you an insight about the dangers of not following certain policies. This will help you be a socially responsible citizen.
Business ethics has become a prominent part of every corporate policy. The objective is to establish an organisation with certain ethical principles and morals to solve the problems encountered in the business environment. The purpose of this corporate policy is to avoid unethical conduct and destructive practices that may damage the environment, or cause hindrance to the general public. This includes several aspects of corporate conduct as an individual, as well as, an organisation.
As a result, to sustain in today’s multinational market, corporate social responsibility has become a mandatory practice. In the present day, corporations are expected to get ahead in non-financial areas too. As part of the corporate policy, many businesses attempt to proclaim issues concerning environment, business ethics, corporate governance, human rights, corporate contributions, community development, and workplace. Providing safe working condition for the employees, responsible planning and management of resources, contributing to the society and environment are outstanding examples of Corporate Social Responsibility. This trend has started in the 1970s with a mission of handling social consciousness.
As a concern, corporates engage themselves in various activities that benefit the environment and the people. Issues such as rural development, child education, working against child labour are addressed and resolved through CSR activities. Campaigns on a variety of issues like HIV/AIDS, global warming and use of plastic can spread awareness among the public. Goods produced or made by the people can be put up for sale at community trade fairs. This can help them get monetary benefit. Donations, relief funds and other charity are also part of the CSR activity. The aim is to hold responsibility for the company’s activities and stimulate a progressive impact on the environment, communities, clients, employees, investors and the general public.
Through CSR activities, the company gains goodwill and reputation among the public. This eventually boosts the profits of the company. This is a positive sign for the investors, customers, employees and the overall economy. North America and The United Kingdom have begun to reap the returns of Corporate Social Responsibility. Still, there are companies that do not follow the policies and often fail to meet the estimated standards.
So, let us all realise the importance and spirit behind corporate social responsibility, and act responsibly towards achieving a civil society.