3. What are the challenges of CSR? How do you decide whether to launch a formal CSR program?
What are the advantages for a company of integrating corporate social responsibility into its strategy and actions, and communicating this through its oral and written communications?
In its introduction, the ISO 26000 standard lists the benefits that can be derived from a CSR approach.
Implementing corporate social responsibility improves :
Its competitive advantages and reputation.
Its ability to attract and retain employees, shareholders, customers, suppliers...
Maintaining employee motivation, commitment and productivity...
The vision of investors, donors and the financial community in general.
Relations with other companies, public authorities, the media......
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What are the challenges of CSR? How do you decide whether to launch a formal CSR program?
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Social and societal
Many authors use the two terms interchangeably. ISO 26000 refers to corporate social responsibility. When referring to the various approaches described in this data sheet, we recommend using the term societal, which includes all aspects of SD, and using the term social only when referring to interfaces with the organization's personnel.
Stakeholders
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