Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. CSR is the integration of socially beneficial programs and practices into a corporation's business model and culture. CSR makes the companies be conscious of the kind of impact they are having on all aspects of society including economic, social, and environmental. The four types of Corporate Social Responsibility are environmental sustainability initiatives, direct philanthropic giving, ethical business practices and economic responsibility.
- Prevent financial ramifications: Compliance with the spirit and letter of the law through self-regulatory processes will prevent fines, put your business low on regulators' radar screens, and lower legal expenses.
- Increase employee loyalty: Treating employees fairly and generously as a part of corporate social responsibility encourages high professional and moral standards increases employee loyalty and by procuring only those overseas products produced at factories where workers were treated ethically, you gain support among "Fair Trade" advocates.
- Maintain a positive reputation: Demonstrated consciousness in a variety of areas can garner publicity and give a business tangible proof of their conduct. These include
- ➢ Environmental consciousness: Reducing waste, recycling, minimizing carbon footprint, producing only sustainable products, lowering energy usage, and supporting environmental causes.
- ➢ Social Concern: Donating to humanitarian causes that fight poverty, help the victims of epidemics, assist those displaced by natural calamities etc.
- ➢ Local Community: Involvement in local community projects, through donations, employee participation, connecting your customers, promoting the project through advertising and fundraising etc.
CSR is a concept with many definitions and practices. The way it is understood and implemented differs greatly for each company and country. Whatever the definition is, the purpose of CSR is to drive change towards sustainability.
Freedom exists only within a framework of rules. Freedom is simply an opportunity to find a definition for yourself, a true, authentic individuality, and a joy in making the world around you a little better, a little more beautiful. Excise and enjoy your freedom in true sense.
- Like so many things in life, freedom is not free. We cannot justifiably have one without the other. The more comprehensive and diversified the social order, the greater the responsibility and the freedom of the individual.
- Freedom is inseparable from responsibility. If I have the freedom to think, it is my responsibility to think positively. If I have the freedom to speak, it is my responsibility to speak properly and meaningfully. If I have the freedom to act, it is my responsibility to act correctly. I have no right to excise my freedom to breach other’s privacy.
- If you don't want to take responsibility, you can't have freedom either. If you shun responsibility, you have to accept slavery in some way or other.
- Freedom of choice which means freedom to choose, to act in this way or that way, to do good and evil. Every individual’s freedom is limited by the others.
- Nothing can satisfy a human need and greed (be it for freedom as well). Extreme freedom results in catastrophe and responsibilities prevent it.
- Those who do not have enough freedom will inevitably crave more of it.
- Freedom is just not limited to speech, thought, follow a particular religion etc but freedom from fear, anxiety, worry etc are also equally important. Freedom is an amazing thing, but as with most amazing things, too much of it can be more than you bargained for. Especially if you’re not prepared to handle it.
- There is an important dimension to freedom that is often forgotten: freedom of will.
- Our freedom may be constrained and our choices limited, in the moment when we choose, we experience freedom.
- True freedom is closely linked to self-control. Only a self-disciplined person can decide to do something and accomplish it. True freedom is the freedom to follow one’s conscience and maintain one’s personal integrity. This is freedom of will. It leads to more of a sense of liberation and fulfillment.
- The joy of freedom is not only to be able to choose, but to be able to choose well—to choose the right and the good, and be responsible for the outcome rather than blaming.
People like freedom because it gives them a sense of mastery over things and people. They dislike responsibility because it constrains them from satisfying their desires. Every thought, word and deed in our lives shapes our character. We create our own character through the decisions we make.
