3.12 CSR considerations in operations

What is corporate social responsibility?

the ethical conduct of a business above and beyond legal obligations to operate in an economically, socially and enviornmentally sustainable manner

What is enviornmental sustainability?

a business making decisions that will allow it, and the rest of society to continue to interact with the environment

CSR considerations of inputs

inputs used should not have a negative impact on the environment and should be sourced in an ethical and eco friendly manner

CSR considerations of processes

conduct production locally to show its concern for local communities, facilities should contribute to health adn welfare of staff

CSR for products

business should focus on creating high quality products that provide real value and can be recycled after its lifespan

Advanatges of CSR

environmental benefit, employee satisfaction benefits

Disadvantages of CSR

time consuming to establish, expensive to support non core activites