Corporate Social Responsibility PDF

Add Company Name Corporate Social Responsibility  Corporate Social Responsibility What is CSR? Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the...

Add Company Name Corporate Social Responsibility  Corporate Social Responsibility What is CSR? Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. Back to Agenda Page Types of CSR Environmental responsibility Companies work to minimize their environmental impact by reducing waste, conserving resources, and adopting sustainable practices. Types of CSR Ethical Environmental responsibility responsibility Companies operate with Companies work to integrity, ensuring minimize their transparency, honesty, environmental impact by and fairness in their reducing waste, conserving dealings with customers, resources, and adopting suppliers, and sustainable practices. stakeholders. Types of CSR Ethical Philanthropic Environmental responsibility responsibility responsibility Companies operate with companies voluntarily give Companies work to integrity, ensuring back to society through minimize their transparency, honesty, donations, supporting causes, environmental impact by and fairness in their and encouraging employee reducing waste, conserving dealings with customers, volunteering. It aims to resources, and adopting suppliers, and improve communities and sustainable practices. stakeholders. build goodwill. Types of CSR Financial Ethical Philanthropic responsibility Environmental responsibility responsibility responsibility In CSR, financial responsibility Companies operate with companies voluntarily give means managing finances Companies work to integrity, ensuring back to society through ethically, ensuring profitability, minimize their transparency, honesty, donations, supporting causes, paying fair taxes, and investing in environmental impact by and fairness in their and encouraging employee initiatives that benefit both the reducing waste, conserving dealings with customers, volunteering. It aims to company and society. It balances resources, and adopting suppliers, and improve communities and profit-making with contributing to sustainable practices. stakeholders. build goodwill. the community's well-being. Benefits of CSR Enhanced Reputation and Brand Loyalty Employee Engagement and Retention Risk Management Investor Attraction Why Should a Company Implement CSR Strategies? A company should implement CSR strategies to enhance its reputation, attract customers, and build brand loyalty. CSR boosts employee satisfaction, helps manage risks, and provides a competitive edge by aligning with ethical and sustainable practices. It also fosters long-term sustainability, improves community relations, and attracts socially responsible investors, ultimately contributing to both business success and positive societal impact.  Arowwai Industries Sustainability  Sustainability is the practice of meeting current needs without compromising future generations' ability to meet theirs. It involves balancing environmental, social, and economic factors to ensure long-term well-being. In business, this means adopting practices that reduce environmental impact, conserve resources, and promote social equity while maintaining economic growth. Efforts may include lowering carbon emissions, reducing waste, using renewable energy, and ensuring fair labor practices, with the goal of creating systems that thrive without depleting resources or harming the environment. 3 Pillars of Sustainability Environmental Social Economic Sustainability Sustainability Sustainability 3 Pillars of Sustainability Areas Included: Resource Conservation Pollution and Waste Reduction Environmental Biodiversity Protection Sustainability Impacts: Environmental sustainability Reduced carbon emissions due to the switch to focuses on protecting and conserving natural resources and renewable energy and increased use of energy-efficient ecosystems. It aims to reduce systems. negative human impacts on the Decreased pollution from responsible waste environment and promote the management practices, resulting in cleaner air and responsible use of resources. water. Enhanced ecosystem resilience through habitat conservation and reforestation efforts. 3 Pillars of Sustainability Areas Included: Ethical Labor Practices Community Engagement Social Human Rights and Equity Sustainability Impacts: Social sustainability focuses on Improved employee satisfaction, retention, and creating healthy, equitable, and productivity due to ethical labor practices and positive thriving communities. It workplace environments. emphasizes the importance of Strengthened communities through investments in social human rights, labor practices, programs and development projects. equity, and social justice. Increased public trust in businesses that promote social justice and fairness, leading to better relationships with stakeholders and customers. 3 Pillars of Sustainability Areas Included: Innovation and Efficiency Circular Economy Practices Economic Long-term Financial Planning Sustainability Impacts: Economic sustainability seeks to Cost savings from reduced resource consumption and build economic systems that are operational efficiencies. resilient and beneficial to society in Increased investor interest in businesses that demonstrate the long run. It encourages the efficient use of resources, long-term sustainability leadership, as many investors now seek ethical planning, and the promotion of and environmentally conscious companies. industries and business models that Creation of new business opportunities in green industries, do not harm the environment or such as clean energy, sustainable agriculture, and eco- exploit people. friendly products.  What is Design and Production for Sustainability? Design and Production for Sustainability involves creating products and processes that minimize environmental impact, enhance resource efficiency, and ensure social responsibility. It considers a product’s full lifecycle—materials, production, use, and disposal. Sustainable design uses durable, eco- friendly materials, while sustainable production focuses on energy efficiency, waste reduction, and ethical practices. The goal is to protect the environment, promote social well-being, and ensure long-term economic viability.  Principles of Sustainable Design 01 Eco-friendly Materials Sustainable Design Sustainable design creates products or 02 Design for Durability systems that reduce environmental impact, use eco-friendly materials, and conserve resources. It emphasizes durability, repairability, and recyclability 03 Modular and Flexible Design to ensure long-lasting, reusable products, aiming to meet current needs without compromising future generations. 04 Cradle-to-Cradle Design  Sustainable Production Practices 01 Energy Efficiency Sustainable Design Sustainable production is manufacturing 02 Waste Reduction that reduces environmental impact, conserves resources, and promotes social responsibility. It focuses on energy efficiency, waste reduction, water 03 Water Conservation conservation, and ethical labor practices to protect the environment and ensure long-term economic sustainability. 04 Ethical Labor Practices  Actions: Circular Economy in 01 Product Lifecycles Design and Production A circular economy in design and production minimizes waste by maximizing the reuse, recycling, and 02 Product-as-a-Service regeneration of materials. It focuses on designing durable, repairable, and recyclable products and using renewable resources in production to create sustainable systems that conserve 03 End-of-Life Recycling Programs resources and reduce environmental impact.  Benefits of Sustainable Design and Production Environmental Benefits: Business Benefits: Social Benefits: Lower Carbon Footprint Cost Savings Ethical Labor Practices Reduced Waste and Pollution Competitive Advantage Healthier Products Conservation of Resources Risk Management REGULATIONS AND INDUSTRY STANDARDS Regulations vs Industry Standards Regulations are legally binding rules set by government authorities to control and govern specific activities or industries. Their primary goal is to protect public interest, ensure safety, and promote fairness. Industry standards, unlike government regulations, are typically developed by industry organizations, trade groups, or international bodies. While they are often voluntary, they establish best practices, performance benchmarks, and safety guidelines to improve efficiency and quality across industries. The Importance of Regulations 01. Consumer Protection The Importance of Regulations 01. 02. Consumer Environmental Protection Protection The Importance of Regulations 01. 02. 03. Consumer Environmental Worker Protection Protection Safety The Importance of Regulations 01. 02. 03. 04. Consumer Environmental Worker Market Protection Protection Safety Fairness The Importance of Industry Standards 01. Consistency and Quality The Importance of Industry Standards 01. 02. Consistency Innovation and and Quality Efficiency The Importance of Industry Standards 01. 02. 03. Consistency Innovation and Global Trade and Quality Efficiency and Market Access The Importance of Industry Standards 01. 02. 03. 04. Consistency Innovation and Global Trade Risk and Quality Efficiency and Market Mitigation Access Enforcement and Compliance Regulatory Enforcement Industry Compliance Government agencies (e.g., the Industry compliance refers to the Environmental Protection Agency (EPA), adherence of businesses to the laws, Occupational Safety and Health regulations, and standards that govern Administration (OSHA), and Food and Drug their specific sector. It ensures that Administration (FDA)) enforce these companies operate within established regulations. Non-compliance can lead to fines, legal penalties, or closure of legal and ethical frameworks, promoting operations. safety, quality, and sustainability.