FAQ - Corporate Social Responsibility

What are corporate social responsibility programs?

A form of corporate self-regulation integrated into a business model. CSR-focused businesses would proactively promote the public interest by encouraging community growth and development. An example would be an IT company donating computers and staff to local schools to teach them new skills in certain topics using the latest technology.

Why should I spend money to implement a CSR program?

A CSR Strategy, when implemented correctly, can end up saving a company money in the long run. In addition, there are several things that can be implemented within a short time frame and at minimum or no additional cost to the company, that can increase the company’s social responsibility initiatives.

Why should companies even have a CSR program?

The benefits of a well implemented CSR program are countless, but a few well known ones are:

- It shows initiative and leadership within the community, and encourages other organizations to follow.
- Brand differentiation, companies strive to stand out amongst the competition.
- Human resource retention/attraction, a CSR program can aid in attracting high caliber talent to the organization.