The social responsibility has become an important part of the long-term perspectives of the listed companies. Doing this, the companies are taking the responsibility for their impact on society regardless of th
Customers spend more with socially responsible companies. Customers are highly aware of local, national and global issues. These issues influence their buying decisions; they will buy more from companies showing concern and taking positive action over issues that resonate with customers. Research from ...
Invest in employee culture and practice socially responsible hiring:Your employees are the backbone of your company who not only interact with customers, but can also determine your profitability. In fact,Gallup Pollfound that companies with high levels of employee engagement, on average, receive 10%...
“So companies are starting to behave better not in the CSR sense but in the sense of imbedding integrity into their operations and DNA [and] into their supply chain. That’s a big development.” “From my point of view,” Tapscott adds, “it means that businesses can be pillars of ...
There has been little theoretical debate of why companies behave in socially responsible ways whilst descriptive analysis of corporate social responsibility is flourishing. As result, there have been few methodologicaldebates on how to study both what responsible actions are and why companies act ...
Interested in aligning your investment portfolio to your values? You don't have to sacrifice returns to choose socially responsible investments.
In perfect financial market, where investment decisions are independent from financial situation, firms should carry out all positive net present value projects and forgo all negative net present value projects (Modigliani and Miller, 1958). In order to maximize their values, companies invest until th...
Interested in aligning your investment portfolio to your values? You don't have to sacrifice returns to choose socially responsible investments.
Businesses who employ socially responsible business practices can enjoy many operational benefits. Many CSR practices lead to increased retention, lower overhead, and reduced risk of penalty — and that doesn't even take PR into account. Consumers are more likely to spend their money at stores who...
The four main qualities possessed by socially responsible companies is that they have invested in the betterment of society in a bid to solve social problems; that “making an impact on the world” is a major priority, they are open and honest about their businesses practices, and finally, th...