BE Blogs: A Voice for Responsible Business
What is a “Responsible Company?”
Do you know a responsible company when you see one? We often talk about “responsible companies” in passing, but fail to describe their characteristics in detail. Here is a picture of what a BusinessEarth believes a responsible company might look like.
In the first part of this blog, the fictional “Acme” will serve as our example of a company that, while not perfect, is doing good work and making money at the same time. In the second part, we will show some real-life examples of how companies are putting the ideas that we reference with Acme into practice.
Corporate Social Responsibility, Defined
At BusinessEarth, we talk about CSR (corporate social responsibility) a lot, but we don’t always explain it as thoroughly as we should. In light of this, here’s a CSR primer that will help clear any confusion.
CSR is work that creates value inside and outside of a company by aligning business goals with social and environmental needs.
BusinessEarth believes that CSR and profitability are not mutually exclusive. Rather, a solid CSR program can pay for itself with tangible savings and profit opportunities and, like any other well-conceived investment, will pay dividends in the long run.
3 Reasons You Should OVER-Comply With Environmental Regulations
Is regulation the enemy or your best untapped strategy? If you comply with minimum environmental standards to save money in the short term, you do so at your peril by limiting the long-term benefits of over-compliance.
Reason #1: Open Doors to More Markets
If you only meet the requirements of your local operation, you may limit yourself to that market. By adhering to stricter standards, you can offer your products without sweeping changes to produce different products for different places.