Table of Contents
- 1 What is an example of a socially responsible company?
- 2 What are the 4 types of corporate social responsibilities by business?
- 3 Is Coca Cola socially responsible?
- 4 What are three types of social responsibility?
- 5 What do companies have social responsibility?
- 6 Why your company should be more socially responsible?
An excellent example of CSR on the frontline is big pharma pioneer Johnson & Johnson. They have focused on reducing their impact on the planet for three decades. Their initiatives range from leveraging the power of the wind to providing safe water to communities around the world.
Read on to discover the four types of corporate social responsibility of business and how they look in action.
- #1: Environmental responsibility.
- #2: Ethical responsibility.
- #3: Philanthropic responsibility.
- #4: Economic responsibility.
- The benefits of CSR.
Is Starbucks a socially responsible company?
Starbucks and its International Development Projects Starbucks has been building itself up as a brand synonymous with social responsibility since 1988 where it became one of the first companies in the US to offer full medical insurance to both full and part-time staff.
What are the 5 types of social responsibility?
Types of Corporate Social Responsibility
- Environmental Responsibility. Environmental responsibility refers to the belief that organizations should behave in as environmentally friendly a way as possible.
- Ethical Responsibility.
- Philanthropic Responsibility.
- Economic Responsibility.
Coke’s Water Stewardship Program has helped the company secure a sustainable and socially responsible water source. By 2030, it is estimated that water demand will outpace supply by up to 40% [1]. Water is the life source of Coca-Cola (“Coke”), the largest beverage company in the world.
Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.
Why should a company be socially responsible?
Another reason companies should be social responsible is because investors and financiers are attracted to companies who are socially responsible. These decision-makers know this reflects good management and a positive reputation.
What would a socially responsible company use?
The key ways a company embraces social responsibility includes philanthropy, promoting volunteering and environmental changes. Companies managing their environmental impact might look to reduce their carbon footprint and limit waste.
1) Patagonia 2) Dr. Bronner’s 3) Klean Kanteen 4) All Good Products 5) Warby Parker 6) Ben & Jerry’s 7) Bombas 8) The Grove Collaborative 9) Aspiration 10) TOMS
Businesses are finding that being socially responsible can be great for the bottom line, as well as good for employee morale . Of course, a company still needs to make a profit to survive, but supporting a worthy cause can be the most profitable brand building you can do.