What do you believe are the two biggest social responsibility issues companies should be addressing today?

What do you believe are the two biggest social responsibility issues companies should be addressing today? Discuss why they are the two most important and how addressing these issues would strategically benefit a company

What do you believe are the two biggest social responsibility issues companies should be addressing today?

What do you believe are the two biggest social responsibility issues companies should be addressing today? Discuss why they are the two most important and how addressing these issues would strategically benefit a company

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Corporate social responsibility (CSR) is a type of business self-regulation with the aim of being socially accountable. There is no one “right” way companies can practice CSR; many corporate CSR initiatives strive to positively contribute to the public, the economy or the environment. In today’s socially conscious environment, employees and also customers place a premium on working for and spending their money with businesses that prioritize CSR.

Katie Schmidt, the founder and lead designer of Passion Lilie, said that companies that implement CSR stand to benefit in multiple ways.

“What the public thinks of your company is critical to its success,” Schmidt told Business News Daily. “By building a positive image that you believe in, you can also make a name for your company as being socially conscious.”

Additionally, as the use of corporate responsibility expands, it is becoming increasingly important to have a socially conscious image. Consumers, employees and stakeholders prioritize CSR when choosing a brand or company, and they are holding corporations accountable for effecting social change with their business beliefs, practices and also profits.

“A robust CSR program is an opportunity for companies to demonstrate their good corporate citizenship … and protect the company from outsized risk by looking at the whole social and environmental sphere that surrounds the company,” said Jen Boynton, CEO of B Targeted Marketing Co.