The Rise of Corporate Responsibility

Corporate social responsibility (CSR) is a bit of atheir local communities, they engender greater loyalty
contradiction in terms, after all, corporations are knownand greater support.
for their profit margins and not their communityFor corporate social responsibility initiatives to thrive,
initiatives. But with work taking up so much of our time,however, they need the full support and backing of the
people are starting to look for more from theirgeneral public. That means that consumers have to
employers than a pay slip at the end of the day.alter their shopping habits to support only those
Things like working environment, environmental policiescompanies whose policies they endorse, and boycott
and social conscience are starting to play an importantthose that they don't. Unfortunately, few people are
role in employment decisions.willing to do that. The primary reason is familiarity or
The problem with CSR is that as a concept, it's fairlycomfort. Once people are familiar or comfortable with
vague and open to interpretation. Toby Heaps, thea particular brand, they find that they can live with the
managing partner of Corporate Knights magazine, afact that they pay low wages, emit toxic gases or
Canadian publication dedicated to CSR, says that CSRsanction wholesale animal slaughter. It's too much
"balances financial returns with the concerns of itsbother to look for a similar product from a company
main constituencies: shareholders, employees,that is truly ethical because a) the product just won't
customers, citizens and nature." While the Canadianbe the same and b) ethically produced products tend
Democracy and Corporate Accountability Commissionto be a little more expensive than others.
say that it includes: "good corporate citizenry",You can't please everybody all of the time, but you
consumer protections, environmental protection, humancan ease your own conscience by choosing who you
and labour rights and ethical behaviour.work for. Thanks to increasing media attention, more
While many companies still scoff at the idea ofcompanies are investigating CSR avenues and going
corporate responsibility, those that subscribe to thepublic when they get it right, which means that
basic principles generally experience better employeeresponsible and ethical companies are getting easier to
performance, as staff members are proud to belongfind. All you need to do is decide if you want to work
to these companies and work harder so that thefor a company whose values are similar to your own,
company can do even more. Companies that areor if you want to join a crusade to change the world,
socially responsible also tend to be perceived well inbecause you won't find the latter in a boardroom.