CSR 3H

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12 Terms

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Corporate social responsibility (CSR)

The ethical conduct of a business beyond legal obligations, and the consideration of social, economic, and environmental impacts when making business decisions

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Environmental sustainability

Making an effort to ensure natural resources are not permanently depleted or damaged by business activities

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Philanthropy

An active effort to promote the wellbeing of others, such as by donating money to charity

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Environmental consideration – Local sourcing

Using local suppliers to reduce transport emissions and support local economies

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Environmental consideration – Waste management

Recycling and reusing excess materials to reduce landfill

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Environmental consideration – Packaging

Using recyclable or compostable packaging to minimise environmental impact

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Environmental consideration – Energy

Using renewable sources like solar and wind to reduce pollution

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Environmental consideration – Donations

Donating profits to environmental organisations to support conservation

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Social consideration – Local suppliers

Using local suppliers creates jobs and supports the local economy

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Social consideration – Ethical technology transition

Helping employees find other work or roles if replaced by automation

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Social consideration – Beneficial products

Producing goods and services that improve health, wellbeing, or social issues

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Social consideration – Paid volunteering

Paying employees to volunteer