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Written by Marijn Overvest | Reviewed by Sjoerd Goedhart | Fact Checked by Ruud Emonds | Our editorial policy

Corporate Social Responsibility Statistics 2024 — 65 Key Figures

Key take-aways
  • CSR is a crucial part of modern businesses as it is a foundational cause for sustainability.
  • Employees and consumers use CSR as a standard for organizations which means a business is more likely to be successful if it practices CSR.
  • CSR initiatives give corporations an advantage over their competitors due to the performance enhancement that CSR brings.

Corporate Social Responsibility is essential in modern-day businesses due to the damage humans have already caused to the environment. As the world mends itself, organizations and businesses of all kinds have to think of their impact on nature and how to limit it.

Thus, Corporate Social Responsibility has gained attention since it can be used as a foundation for sustainability.

What is CSR?

CSR or Corporate Social Responsibility is an organization’s self-regulation of itself to behave ethically and morally. This is how organizations hold themselves accountable to their stakeholders, society, and to Mother Nature.

Corporate Social Responsibility is an organization’s promise that they will contribute not just to the economy but to the quality of life in society as well. Things like sustainability in business and respect for human rights are upheld for the sake of Corporate Social Responsibility.

Corporate Social Responsibility can be divided into 3 core parts, which are called pillars. These will be discussed below to further explain the breadth of what CSR is.

CSR 65 Key Figures of 2024

Here are 65 key figures about Corporate Social responsibility.

1. 76% of companies believe CSR reduces brand reputation risk

Is integral to a good business strategy as, according to Zipdo, 76% of companies express that CSR is a good way to reduce risks and hazards in brand reputation.

Consumers in the modern world prioritize a brand’s social and environmental contributions which means CSR is valuable to them and therefore valuable to any organization that wants their support.

2. 83% of employees would consider leaving their jobs if CSR practices aren’t upheld

CSR is important to employee satisfaction and retention. Zippo says that 83% of employees are willing to rethink their career choices if CSR is not upheld by their employers, proving that employees want to positively impact society and the environment.

3. 64% of CEOs consider CSR important to their business strategy

CEOs are key decision-makers and can bring transformative change to an organization. According to Zipdo, 64% of CEOs consider CSR important to their business strategy emphasizing that the majority of organizations are more likely to uphold CSR.

4. Over 1,000 global companies are involved in the United Nations CSR initiative

The United Nations’ CSR initiative, known as the Global Compact, is a commitment towards ethical business practices in the corporate world. Over 1,000 companies are currently involved in the United Nations Global Compact, says Zipdo, which proves the seriousness with which the corporate world treats CSR.

5. 40% of Fortune 500 companies publicize their CSR efforts

The biggest companies in the world pioneer CSR and set themselves as an example to other organizations according to Zipdo’s statistics.

A substantial 40% of Fortune 500 companies publicize their CSR efforts, usually in a dedicated section of their website, so that the public can see and scrutinize for themselves how these companies operate and handle matters of CSR.

6. CSR reports are important according to 78% of investors

Just as consumers hold ethical and moral standards when it comes to corporations, so do investors. According to Zipdo, 78% of investors say that CSR reports are important when it comes to evaluating a company.

7. 43% of millennials claim to have made CSR-driven purchases

Time and again it has been proved that consumers are starting to seek out businesses and brands that align with sustainability and ethics. A whole generation of people, millennials to be exact, have a strong 43% number who claim to have made ethical purchases in the past year, says Zipdo.

8. When making purchasing decisions 54% of global consumers consider a company’s CSR practices

In the age of information where the internet summons knowledge as easily as the click of a button, consumers globally are more informed in their purchasing decisions. 54% of global consumers consider a company’s CSR practices when making purchases according to Zipdo.

9. 42% of companies use CSR to differentiate themselves from the competition

In carving out a unique identity and garnering a competitive edge, companies find that CSR is a good way to get ahead of the competition. Zipdo reports that 42% of companies worldwide use CSR to differentiate themselves from the competition.

10. 55% of global online consumers are willing to pay more for sustainability

Consumers aren’t just more conscious of what they are spending their money on, they also like to make sure that they invest money in brands they trust. 55% of global consumers online are willing to pay more for services and goods from companies that are committed to CSR according to Zipdo.

11. 66% of executives consider employee morale as the top benefit of CSR initiatives

A Boston College study has reported that about 66% of executives consider employee morale as the top benefit of CSR initiatives. Happy and content workers mean that an organization can run smoothly and willingly on all sides which is why employee morale is important.

12. CSR can increase consumer satisfaction by 23%

Consumer satisfaction means that the business is doing well and has a bright future. CSR contributes to that because it can increase overall consumer satisfaction by 23%, according to Zipdo, which doesn’t just keep consumers loyal but attracts new ones as well.

13. 75% of millennials believe businesses can make a difference in income inequality through CSR initiatives

The income gap continues to widen and workers all over the world need to put food on the table. Through CSR initiatives an astounding 75% of millennials, as reported by Zipdo, believe that businesses can do something and enact a change when it comes to income inequality.

14. Companies that focus on ESG initiatives outperform their competitors by 4.8% annually

Environmental, social, and governance (ESG) factors are tangibly linked to a company’s financial success.

CSR organically leads to the consideration of environmental, social, and governance (ESG) factors and making sure a company is sustainable concerning them. By focusing on ESG companies outperform their competitors by 4.8% annually says Zipdo.

15. 39% of companies aim to expand their workplace giving initiatives

Companies are starting to take up more employee-driven CSR programs especially when it comes to philanthropy. According to Zipdo, in the next two years, companies aim to expand their workplace giving initiatives by 39%.

New gift-matching programs are either set up or old ones are expanding to better accommodate workers and keep them happy.

16. 60% of consumers expect the brands they support to have a position on social issues

Companies are very powerful in that they can make a huge difference in whoever and whatever they support.

Consumers know this and according to Double the Donation, 60% of them expect brands to have a stance when it comes to social and environmental issues so that they know if a company upholds the same beliefs.

17. 77% of employees cited a sense of purpose as a factor in their choice of current employer

Human beings are generally happier when they have a sense of purpose in their jobs and one of the best ways to feel that is with CSR as it encourages companies to keep social and environmental issues in mind.

77% of employees cited a sense of purpose as a factor in their choice of current employer, says Double the Donation.

18. 55% of employees would prefer a socially responsible company even for a smaller pay

According to Double the Donation, 55% of employees would take a smaller pay to work for a socially responsible company. Employees may need money but beyond that, they need to live by their principles and beliefs, and being part of an organization aligned with those principles and beliefs is enough.

19. 96% of employees report having a positive company culture due to volunteering

Creating an environment where workers feel good about themselves and who they work for is essential for any organization and CSR initiatives are a good way to cultivate that.

Double the Donation reports that 96% of employees report having a positive company culture due to volunteering.

20. 72% of consumers believe companies should be legally obliged to society

Having a consumer base that’s more aware of social issues means having a consumer base that wants it to be a legal requirement for companies to be in line with social issues.

72% of consumers feel that companies should have a legal obligation to society according to Double the Donation.

21. 77% of consumers are more motivated to purchase from companies devoted to CSR

In a world where being convenient is a powerful tool used by multiple companies to attract consumers, the deciding factor for where consumers flock to may just be their motivation.

As reported by Double the Donation, 77% of consumers are motivated to purchase from companies that are devoted to CSR.

22. Over 90% of consumers would switch to more sustainable brands

Customer loyalty is integral to a business and in a world where multiple companies are fighting for their time in the spotlight implementation of CSR may just give them the edge they need.

Double the Donation says that over 90% of consumers globally are likely to switch brands based on sustainability.

23. 88% of consumers seek information on a company’s CSR initiatives in the consideration of purchase

Consumers can easily google anything nowadays, even a company’s standing with sustainability and CSR practices.

Double the Donation says that 88% of consumers seek information on a company’s CSR initiatives when considering a purchase. Sometimes this is the factor that makes or breaks a purchase.

24. 94% of Gen Z  think companies should address social and environmental issues

The reach of CSR’s importance goes beyond generations and has taken firm root in modern society.

New Standard Institute says that 94% of Gen Z, the generation that currently holds the majority of teens and young adults, think that companies should address social and environmental issues ergo following CSR practices.

25. 90% of consumers express a greater inclination to trust socially responsible businesses

Gaining the trust of a consumer means earning their loyalty by burrowing into a spot in their heart. This is the kind of relationship companies should be cultivating with their customers to ensure success.

One way to do this is to be socially responsible and incorporate CSR initiatives because 90% of consumers express a greater inclination to trust a socially responsible business, says Corporate Challenge Events.

26. 90% of the shoppers would boycott companies that don’t uphold CSR practices

This is an age where shoppers know the impact they have on companies and they’re not afraid to let something go if it doesn’t serve their purpose. 90% of shoppers are willing to boycott companies if said companies don’t uphold CSR practices, says Webinarcare.

27. 91% of the population wants businesses to do more than just make a profit

Businesses of today need to do more than sell their products/services. They also need to stand for something and help out the community. According to Webinar Care, 91% of the global population wants businesses to do more than just make a profit.

28. 88% of people want to know about a company’s CSR efforts

A majority of 88% of consumers want to know about a company’s CSR efforts and 84% would even “tell friends and family” about it, reports Webinar Care.

One of the powers of consumers is that they can recommend or condemn a company to their peers which then influences other possible customers, for better or worse.

29. 92% want to buy a product that supports a cause 

Consumers feel good when they buy a product that supports their cause which is why 92% of them would want to buy products that do this according to Webinar Care. And 85% of consumers even end up with a more positive image of a product or company when it supports a cause they care about.

30. Approximately 50% of employee turnover can be reduced with socially valuable projects

It’s already established that employees like to know that who they work for cares about the outside world which is why approximately 50% of employee turnover can be reduced with socially valuable projects, says Webinarcare.

There’s no loss in both supporting a good cause and fostering employee loyalty.

31. 70% of millennials cited that a company’s commitment to the community influenced their decision to work there

According to Deloitte, 70% of millennials cited that a company’s commitment to community influenced their decision to work there which is why 70% also declared their loyalty to the products/services of these companies.

People no longer work for just money but also look into the CSR commitments of a company.

32. 40% of Fortune 500 companies offer volunteer grant programs

Corporations know how important CSR is which is why even 40% of Fortune 500 companies offer volunteer grant programs and 65% offer matching gift programs, reports Webinar Care.

This puts their brand above other competitors and cultivates a good and meaningful workplace for employees, as well as fosters better relationships with stakeholders and clients.

33. Brands with a purpose outperform the Stock Market by 120%

Having a purpose would give brands an edge and they outperform their competitors in the stock market by 120% because of it according to Webinar Care.

Of course, an organization’s purpose isn’t as effective if it does not align with CSR initiatives which is why CSR is integral for brands who want to get ahead.

34. 25% of consumers and 22% of investors cite a “zero tolerance” policy with companies that have questionable or unethical practices

Consumers and investors alike prefer to stay away from organizations that have questionable or unethical practices.

According to Webinarcare. 25% of consumers and 22% of investors cite a “zero tolerance” policy with companies that have questionable or unethical practices.

35. CSR strategies can increase market value by 4-6%

Keeping stakeholders and consumers happy means that market value is consistent and hopefully high.

CSR can help in this as effective CSR strategies can increase market value by a significant 4-6% says Corporate Challenge Events. This number can look small in percentage but it is already an impactful number for any corporation.

36. CSR functions are responsible for over 40% of a company’s reputation

A company’s reputation is important because it can make or break the company. This means that if a company wants to be reputable they have to have good CSR initiatives.

According to Corporate Challenge Events, reputation shapes the perception of a company and CSR functions are responsible for over 40% of a company’s reputation.

37. The highest demand from leadership in 2022 was for greater integration of CSR with ESG (44%)

Last year, 2022, the highest demand from leadership by far was the integration of Corporate Social Responsibility with Environmental, social, and corporate governance at 44% according to Engage for Good.

39% of demand was to measure impact and 36% was a call for integration of diversity, equity, and inclusion.

38. CSR initiatives cause higher employee engagement levels by 13% 

Employee engagement is a wonderful advantage because it means employees are doing the best work that they can within the company.

According to Nginx CSR initiatives can cause higher employee engagement levels by 13%. This is something companies should capitalize on as they can keep their workers happy while doing quality work.

39. A 1% increase in CSR investments leads to a 0.3% increase in sales growth

CSR investments are found to increase sales growth. Gitnux asserts that for every 1% increase in CSR investment, a 0.3% rise in sales growth follows. A significant 43% of companies have even reported increased profits as a result of their CSR efforts.

40. 74% of business leaders believe that sustainability should be incorporated into their company’s supply chain management

Supply chain management is an important part of any business and it’s a part that can most benefit CSR initiatives as it can easily be made efficient for sustainability.

According to Gitnux, 74% of business leaders believe that sustainability should be incorporated into their company’s supply chain management.

41. 72% of companies include sustainability performance in their annual financial reports

Companies know the importance of transparency especially in matters of CSR which is why 72% of companies include sustainability performance in their annual financial reports, reports Gitnux. This makes it easier for investors, employees, and customers to know what goes on within the company.

42. In 2025 60% of the workforce will be millennials who prioritize CSR commitment

Companies need to be committed to CSR not just to attract investors and customers but employees as well, especially since the younger generation who find these things important will start taking over the majority of the workforce.

By 2025 Gitnux reports that 60% of the workforce will be millennials, who prioritize working for a company with a strong CSR commitment.

43. 71% of companies to implement long-term CSR strategies

Companies are refining their CSR strategies to keep themselves ahead of the corporate game. These will help them to keep their organizations sustainable and efficient.

According to Gitnux, 71% of companies are focused on implementing long-term and comprehensive CSR strategies for the future of their organizations.

44. 96% of companies are involved in at least one CSR activity

The majority of companies involve themselves with CSR and a majority of 96% are involved in at least one CSR activity, reports Gitnux.

This means that CSR has somewhat become a basic requirement for companies as a big percentage of them have at least one CSR initiative.

45. 66% of young people want to work for socially responsible companies

More and more of the younger generation demand companies to be socially responsible and pick their job opportunities based on things like these. 66% of young people have a preference to work for socially responsible companies, says Gitnux.

46. 77% of consumers are motivated to purchase from socially responsible companies

Corporate Social Responsibility (CSR) has become increasingly important for businesses, as it not only impacts their brand perception but also influences consumer behavior and loyalty. One significant statistic reveals that 77% of consumers are motivated to purchase from companies committed to making the world a better place. This underscores the growing emphasis on CSR and its impact on consumer choices and brand loyalty.

47. 73% of investors consider CSR in investment decisions

Investors are one of the factors that can take your company to success. Nowadays, they seek not only highly profitable businesses but also those making a positive impact on the world. In fact, according to Harvard Business School, seventy-three percent of investors state that efforts to improve the environment and society contribute to their investment decisions.  This statistic reflects the growing expectation among investors for businesses to prioritize social and environmental responsibility. It also underscores the potential for companies to gain a competitive advantage and attract investment by integrating CSR into their business strategies.

48. 88% of millennials say they find their jobs more fulfilling when their employers provide CSR opportunities

Millennials increasingly value corporate social responsibility (CSR) when choosing jobs. According to a 2023 study, 88% of Millennials feel more fulfilled in jobs that offer CSR opportunities. This highlights their interest in companies that focus on positive change, showcasing a shift towards meaningful engagement beyond just financial rewards. This also emphasizes the strong impact of CSR on Millennial job satisfaction, revealing their preference for companies prioritizing social and environmental impact. It also underscores the potential for businesses to attract and keep Millennial talent by integrating purpose-driven CSR initiatives into their core operations.

49. 90% of consumers favor socially responsible businesses

According to Zipdo, 90% of consumers expressed a higher likelihood of trusting and remaining loyal to businesses that demonstrate social responsibility. This highlights a significant consumer preference for companies actively engaged in ethical and socially conscious practices, emphasizing the positive impact of corporate responsibility on consumer trust and loyalty.

50. 89% of corporate executives believe in the impact of purpose on employee satisfaction

A survey found that 89% of corporate executives believe that a strong sense of purpose makes employees more satisfied. This belief is supported by research conducted by the Conference Board showing that job satisfaction has been on the rise, with 62.3% of US workers reporting satisfaction in 2022, the highest level since 1987.  Job satisfaction is linked to various factors such as workplace culture, recognition, and flexibility. Satisfied employees are more engaged, productive, and likely to stay with their employers, making job satisfaction an important aspect of organizational success.

51. 76% of companies use CSR to manage reputational risks

In light of the growing importance of Corporate Social Responsibility (CSR) in the business landscape, it is crucial to understand the role it plays in managing reputational risks. A significant number of companies (76%) now report on CSR as a way to reduce brand reputation risk. This is supported by Euroasian Business Review research showing that CSR practices can positively impact a company’s reputation, employee satisfaction, and stakeholder relationships. By incorporating CSR into their business strategies, companies can enhance their reputation, attract more customers, and retain top talent.

52. 35% increase in employee retention for CSR-focused companies

Companies that prioritize Corporate Social Responsibility (CSR) witness a significant 35% increase in employee retention over a 5-year period based on Zipdo. This substantial boost in retention can be attributed to the positive impact of CSR on employee well-being, motivation, and overall job satisfaction.  By incorporating CSR initiatives into their strategies, businesses can enhance employee engagement, productivity, and loyalty, ultimately leading to a more sustainable and successful organization.

53. 59% of consumers switch brands for better-incentivized engagements

A significant 59% of consumers have switched from a brand they regularly purchase from to a different brand that offers better-incentivized engagements. This highlights the importance of Corporate Social Responsibility (CSR) in enhancing customer loyalty and brand reputation.  By prioritizing CSR, companies can build stronger relationships with their customers, increase brand loyalty, and ultimately drive business growth.

12 Examples of CSR Initiatives Done Right

Statistics never lie but it may be harder to see Corporate Social Responsibility through generalized numbers which is why below are some examples of specific companies who have done their part and shown the true spirit of CSR.

54. Gilead Sciences contributes an average of $400 million each year to nonprofit causes

Gilead Sciences is a significant pioneer when it comes to philanthropic corporations. They contribute an average of $400 million each year to nonprofit causes.

By 2030 they hope to elevate their CSR by achieving net zero operational greenhouse gas emissions, ensuring 100% of their packaging is recyclable, eliminating all unnecessary plastics, and significantly increasing Black, Hispanic, and female representation in the company.

55. Johnson & Johnson workplace giving programs match team member donations at a 2:1 rate up to $20,000 per employee per year

Over the last three decades, Johnson & Johnson has prioritized reducing their impact on the environment by highlighting sustainable business practices. 

Aside from the environmental effort Johnson & Johnson also gives back as much as they can. Johnson & Johnson workplace giving programs match team member donations at a 2:1 rate up to $20,000 per employee per year.

56. Google data centers use 50% less energy than other comparable institutions

Google rates highest for CSR score in Reputation Institute in comparison to other corporations because of their philanthropic initiatives, renewable energy projects, and environmental impact reduction.

They’ve donated more than $1 billion to develop future environmental efforts along with other philanthropic efforts. On top of that Google data centers use 50% less energy than other comparable institutions.

57. Ford’s investment in electrification is $22 Billion

Ford’s mission is to “‘build a better world, where everyone is free to move and pursue their dreams.” They are doing this by renewing and revitalizing their CSR efforts like investing $22 Billion in electrification compared to the original $11 Billion that was planned.

Ford also aims for vehicles to be carbon-neutral by 2050. Ford’s VP says “95% of our carbon emissions today come from our vehicles, operations, and suppliers, and we’re tackling all three areas with urgency and optimism.”

58. Lego invests $400 million in their sustainability efforts

Lego aims for all packaging to be sustainable by 2025. They plan to phase out single-use plastic packaging for their products. Since 2021 they’ve been doing trial paper bags in boxes in partnership with the Forest Stewardship Council. Lego will invest $400 million in its sustainability efforts in the coming years.

59. Classy has powered thousands of nonprofits across 190 countries, raising more than $5 billion for social good

Classy, a fundraising platform, has enabled thousands of nonprofits across 190 countries to raise more than $5 billion for social good. The platform’s comprehensive suite of tools helps organizations transform supporters’ intent into impact, supporting every stage of the donor journey. As a Certified B Corporation, Classy prioritizes empowering nonprofits to offer an exceptional giving experience without sacrificing an inclusive work environment or sustainable future.

Additionally, Classy offers programs like the Classy Awards and ClassyGives, as well as an annual nonprofit conference called the Classy Collaborative, to help elevate and advance the social sector.

60. Levi Strauss’ Water<Less Program Saves 13 Million Liters of Water

Levi Strauss’ Water<Less program, initiated in 2011, has successfully saved approximately 13 million liters of water. This groundbreaking initiative aims to reduce water usage in the production of jeans and other products by implementing innovative techniques and practices.

By 2025, the company plans to have all key suppliers become distinguished Water<Less facilities, alleviating water stress in high-stress areas.

61. Warby Parker’s Buy a Pair, Give a Pair Program: Over 10 Million Pairs of Glasses Distributed

Warby Parker’s Buy a Pair, Give a Pair program has made a significant impact on providing eyewear to those in need. As of now, over 10 million pairs of glasses have been distributed through this initiative. The program has been instrumental in alleviating the problem of impaired vision, both within the U.S. and around the world.

By partnering with nonprofit organizations and community partners, Warby Parker has been able to bring prescription eyewear to people in developing countries, helping them see more clearly and lead healthier, happier lives.

62. Digital Skills Training for 42 Million Learners through Windows to Opportunity Program

Since 2017, Microsoft has been at the forefront of providing digital skills training, reaching an impressive milestone of empowering 42 million learners worldwide. This initiative is part of Microsoft’s broader commitment to ensuring access to technology, skills, and opportunities for people across the globe.

The company’s philanthropic efforts also extend to employee giving, with over $255 million raised for nonprofits in 2022 alone, and more than 720,000 volunteer hours contributed by employees.

Microsoft’s holistic approach to social good encompasses various initiatives, including providing computer education, offering grants for nonprofits, and forming partnerships with organizations worldwide. The company’s dedication to empowering individuals and communities through technology and education is evident in its substantial impact and ongoing commitment to philanthropy.

63. Sprout Social’s Global Reach and Commitment to Sustainability: Empowering 30,000+ Brands Worldwide

Sprout Social, a renowned social media management and intelligence tool, is trusted by over 30,000 brands worldwide. The company is committed to prioritizing integrity, sustainability, and humanity in everything it does.

Sprout Social’s dedication to sustainability is evident in its ENERGY STAR Certified purchases, with over 90% of its electronics being energy-efficient. Additionally, over 50% of the organizations in its supply chain are carbon neutral or have pledged to be by 2050, and 100% of its U.S. locations are ENERGY STAR Certified buildings.

Sprout Social’s commitment to social impact is demonstrated by its $500,000 annual donation commitment to organizations that fight discrimination and support marginalized communities.

The company’s diverse and inclusive work environment is reflected in its executive team and Board of Directors, with 55% of the executive team and 43% of the board being diverse in gender or race. Sprout Social’s dedication to transparency and accountability is further exemplified by its reporting of these statistics on its website.

64. Stitch Fix’s Sustainability Commitment: 59% of Private-Label Materials Sourced Sustainably

Stitch Fix, an online personal styling service, is dedicated to taking measurable action toward a healthier planet. The company has set a goal to sustainably source 100% of the main materials in its private-label products by 2025.

As of 2022, Stitch Fix has made significant progress, reaching 59% of its total goal. This commitment reflects the company’s dedication to using data, resources, and partnerships to catalyze change and minimize its environmental impact.

In addition to its sustainable sourcing efforts, Stitch Fix prioritizes ethical vendor relationships through its Vendor Code of Ethics, ensuring a shared commitment to minimizing environmental impact and upholding labor laws and standards.

The company’s data-driven inventory model also helps reduce waste by accurately predicting inventory needs, and it has established partnerships to redirect excess inventory to alternate channels, minimizing its contribution to waste streams.

65. Lemonade Giveback: Over $1.8 Million Donated to Charities in 2022

Lemonade, an insurance company committed to rebuilding insurance as a social good, launched the Lemonade Giveback to support its mission. When customers purchase a Lemonade policy, they are asked to select a nonprofit they want to support. Once a year, Lemonade tallies up the unclaimed money left from their insurance premium and donates it to that organization. 

In 2022, the company donated over $1.8 million to charities, including Pencils of Promise, To Write Love On Her Arms, Breast Cancer Research Foundation, and more. This initiative reflects Lemonade’s commitment to using its resources to make a positive impact on society and support organizations fighting for important causes.

The 3 Pillars of CSR

Here’s some additional information about CSR. There are 3 pillars of Corporate Social Responsibility which are Profit, People, and Planet. These three are the core parts of CSR and each plays a significant role in its planning and implementation.

1. Profit Pillar

A business needs to be profitable to be successful. A sustainable business is a business that can stand on its own, give benefit to the economy, and give benefit to society as a whole.

2. People Pillar

A business cannot run without stakeholders, employees, and customers. The people pillar focuses on the human resources of CSR where they treat their employees, stakeholders, and customers with dignity, respect, and transparency.

3. Planet Pillar

This pillar focuses on the planet and how the organization impacts the environment. Sustainability is essential and keeping every aspect of the business sustainable and environmentally friendly as much as possible is a must.

These pillars are how CSR can be divided and each pillar works together to make an organization uphold its Corporate Social Responsibility.

Conclusion

Corporate Social Responsibility is a significant factor in global sustainability. Organizations should be mindful of their effects on the environment and society considering they have a big impact on both.

Just like Spiderman, corporations should handle great power with great responsibility. They have been allowed to be great stewards of the Earth but only if they choose to. The alternative is to be the story’s villain as they continue the road to nature’s destruction.

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Frequentlyasked questions

What does CSR stand for?

CSR stands for Corporate Social Responsibility

What is CSR?

CSR is a self-regulatory business model that holds companies accountable for their environmental and social impact.

Why is CSR important?

CSR is important because it requires companies to meet ethical standards and regulatory expectations, gearing them up for long-term sustainability and success.

About the author

My name is Marijn Overvest, I’m the founder of Procurement Tactics. I have a deep passion for procurement, and I’ve upskilled over 200 procurement teams from all over the world. When I’m not working, I love running and cycling.

Marijn Overvest Procurement Tactics