Corporate Social Responsibility: What It Is and What It Isn't

Corporate Social responsibility (CSR) involves any business method that delivers environmental, economic, and social assistance to all shareholders as part of sustainable development (Blowfield & Murray, 2014). Similarly, CSR encourages business institutions to be more cognizant of the impact of their organizations on the environment, society, and on their shareholders. Business institutions first started to focus on operating ethically and legally to ensure they have a successful business. However, with time, business institutions also began considering social and environmental impacts of their business on the consumers and the society (Blowfield & Murray, 2014). Most companies try to source its staff from the community around them as a way of creating employment. These employees are then able to earn enough money to support themselves and their families. Additionally, these employees pay taxes, which leads to an economic boost in the state where the company is located (Blowfield & Murray, 2014). Companies should also participate in improving the social amenities of their community. Medical facilities, schools, and sponsoring community-based activities like sports are some of the amenities that companies should provide for their communities. Companies that take part in community development prove that they are concerned about their community and not just making a profit (Blowfield & Murray, 2014). 

Currently, the world is very conscious about the environment and business organizations have to be conscious as well (Fifka, 2013). Companies have adopted green practices in their operations, and they are encouraging their clients to follow suit. Most business organizations have resulted in recycling their waste products to reduce environmental pollution. Business institutions should provide cheaper reusable bags to encourage their customers to conserve the environment (Fifka, 2013). Additionally, companies should embrace green energy like solar energy and wind turbines in their daily operations. Green energy will reduce the carbon imprint of business institution son the environment. Companies that adopt green energy in their operations receive significant tax deductions. Similarly, Business organizations have to comply with the environmental laws of their localities. The environmental laws control the amount of waste released by companies and safety practices in the organizations (Fifka, 2013). 

References 

Blowfield, M., & Murray, A. (2014). Corporate responsibility . Oxford University Press. 

Fifka, M. S. (2013). Corporate responsibility reporting and its determinants in comparative perspective–a review of the empirical literature and a meta‐analysis. Business strategy and the environment , 22 (1), 1-35.