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Corporate Social Responsibility (CSR)
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Flashcards
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Environmental Sustainability
Adopting business practices that are environmentally friendly, like reducing carbon footprint.
Fair Labor Practices
Ensuring that workers are treated fairly, have safe working conditions, and reasonable working hours.
Ethical Sourcing
Procuring materials and products from suppliers that uphold ethical standards, such as fair labor practices and environmental sustainability.
Community Engagement
Actively contributing to the betterment of local communities through volunteering, funding, and development programs.
Diversity and Inclusion
Promoting a diverse workforce and inclusive work environment. Commitment to hiring from diverse backgrounds and cultures.
Corporate Governance
Implementing a system of rules, practices, and processes to direct and manage the company. Ensuring transparency and accountability to stakeholders.
Consumer Protection
Making products that are safe and promoting fair marketing practices; respecting consumer rights and privacy.
Sustainable Supply Chain
Ensuring that all aspects of the supply chain operate in a manner that is sustainable and responsible, from raw material extraction to final product delivery.
Philanthropy
Companies engage in charitable giving and support initiatives that address societal issues like poverty, education, and health.
Human Rights Advocacy
Promoting and protecting human rights within the company's sphere of influence. Ensuring that business practices do not contribute to human rights abuses.
Transparency and Reporting
Publicly disclosing information on CSR strategies, activities, and performance. Regular sustainability reporting to stakeholders.
Anti-corruption Measures
Implementing policies to prevent, detect, and address bribery and corruption. Training employees to act ethically.
Stakeholder Engagement
Actively involving stakeholders in CSR strategy development and implementation. Engaging in dialogue to understand their expectations and concerns.
Responsible Investment
Investing company funds in socially and environmentally responsible projects, including ESG (environmental, social, and governance) focused funds.
Product Stewardship
Taking responsibility for the environmental impacts of products throughout their life cycle, including design, manufacturing, and disposal.
Climate Change Mitigation
Initiatives to reduce greenhouse gas emissions and to minimize the company's contribution to global warming.
Energy Efficiency
Reducing the amount of energy needed to provide products and services. Retrofitting facilities with energy-saving technologies.
Water Stewardship
Ensuring that water is used responsibly, efficiently, and sustainably within the company’s operations and supply chain.
Waste Reduction
Minimizing waste production in all company activities, and promoting recycling and upcycling initiatives.
Socially Responsible Marketing
Ensuring that marketing efforts are honest, do not exploit societal issues, and promote positive messages.
Biodiversity Conservation
Implementing policies and practices that contribute to the preservation and restoration of natural habitats and ecosystems.
Support for Education
Investing in education initiatives, providing scholarships, or creating educational programs for underprivileged communities.
Health and Well-being
Prioritizing the health and wellness of employees through programs like healthcare benefits, fitness centers, and mental health support.
Access to Medicine
Pharmaceutical companies ensuring that life-saving drugs are available and affordable, particularly in developing countries.
Data Privacy and Security
Adopting robust measures to protect customer and employee data from breaches and to ensure privacy rights are respected.
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