Businesses committed to CSR practices boast of a superior market brand and enjoy a growing customer base with fulfilled customers. Other benefits include:
Company benefits:
Improved financial performance;
Lower operating costs;
Enhanced brand image and reputation;
Increased sales and customer loyalty;
Greater productivity and quality;
More ability to attract and retain employees;
Reduced regulatory oversight;
Access to capital;
Workforce diversity;
Product safety and decreased liability.
Benefits to the community and the general public:
Charitable contributions;
Employee volunteer programmes;
Corporate involvement in community education, employment and homelessness programmes;
Product safety and quality.
Environmental benefits:
Greater material recyclability;
Better product durability and functionality;
Greater use of renewable resources;
Integration of environmental management tools into business plans,including life-cycle assessment and costing, environmental management standards, and eco-labeling. management standards, and eco-labeling.
