Definition

A corporation’s initiatives to take responsibility voluntarily for the company’s impact on environmental and social wellbeing in its global operations.

Why

  • Corporate image
  • Employee engagement
  • Involvement of key stakeholders
  • Attracting & retaining talent
  • Healthy & thriving communities

Benefits

  • Reduce inequalities, especially urban-rural and regional inequalities
  • Boost innovation and quality-driven growth
  • Environmental sustainability
  • Create lasting shared value
  • Address development challenges such as capability gaps or access to clean water
  • Reward employees and suppliers as they build a sustainable value chain
  • Generate high standards of governance
  • Improves corporate image
  • Makes use of various channels and techniques to enhance corporate image
  • Improves the desirability as a supplier, employer, customer
  • Generate emotional connection between employee and organization
  • Influence behavior of employees and level of effort in work related activities
  • Produce a higher level of trust and communication between employees and management
  • Raise the level of pride of employees for the company
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