Wednesday, July 19, 2023

5 Ways to Exhibit Social Responsibility

All successful and socially responsible companies care about their stakeholders and prioritize them by maximizing their value. Employees are their assets and play a major role in increasing the output so they invest in their training and health. Similarly, their mission is to meet or exceed their customers’ expectations and satisfy them, while minimizing the impact on the environment. However, some companies ignore environmental and social issues in their quest to attain high profits. Human trafficking, workers exploitation, racism, animal cruelty, environmental degradation have become some of the pressing issues that turn away their customers. We will be discussing a few of the many initiatives that businesses must follow to operate ethically while sticking to Corporate Social Responsibility (CSR).

1.      Produce organic products

Consumers have become health conscious and the demand for fresh and organic products (i.e. cereals and dairy products etc.) have increased. People who are on diet, taking medications or concerned about the intake of toxins purchase and look for products that are health friendly and have organic labels on them. They also believe that such products are benign for the environment and do not harm the workers working at farms to produce them. So, food and beverage companies should divert their efforts towards the production of natural and chemical free products and provide quality products to consumers.

2.      Engage in recycling practices

 A huge bulk of product is wasted during the process of manufacturing and all this waste material and toxins are disposed of and drained into the nearby rivers. Companies must emphasize and invest in the safety disposal techniques so that it is harmless for all the living organisms. Even the different stages of the supply chain deteriorate the environment, so they must also engage in recycling products and packaging. 

3.      No Animal Abuse

There are several leading companies who are involved in animal abuse and test their products on animals, especially those that manufacture pharmaceutical, cosmetic and beauty care products. Many people with a philanthropic mindset do not buy products from such brands. For example, some companies make eyelash extensions from mink hair. Brands should not just mention on the packaging or emphasize through advertisements that their products are cruelty free, but also make sure that they are not involved in any such activities and are true to their words.

4.      Charity, donations and social work

Socially Responsible businesses should also donate a specific amount of their sales to organizations that are working for a noble cause or involve in campaigns and activities that eliminate social issues. Companies can pitch in or their employees can volunteer to support nonprofit organizations by working on certain projects i.e. supporting orphanages and planting more trees etc.

5.      Buying local

Many individuals buy products that are produced within a country in order to extend support for local businesses and manufacturers. This also helps to minimize the carbon footprint by reducing the carbon emission during the supply chain process. Such companies should focus on ethical sourcing and fair labor practices to earn a name in the industry. 

All businesses must evaluate their actions from an environmental and socially acceptable angle. By adhering to the above-mentioned practices businesses can save the planet, increase their profits, attract customers and considerably reduce the social issues.

 


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