Corporate social responsibility (CSR) is reshaping the way businesses do business. Put simply, CSR encompasses a company’s social and environmental initiatives, whether that’s donating to nonprofits or disaster relief programs, getting involved in the local community, or taking steps to become more sustainable and energy-efficient.
CSR goes beyond old-fashioned philanthropy, however, as it has real effects on a company’s bottom line—data shows that consumers favor companies that prioritize social and environmental responsibility. And not just consumers are paying attention. Potential investors and employees alsofactor in a company’s CSR model and tend to work with businesses that share their values.
The following infographic from Good360 highlights four key ways that CSR can improve a company’s bottom line. Read on to learn more!
Today, it is simply not enough to do good. Good philanthropy needs to also be good business. Good360 helps companies drive impact – and the bottom line.
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<a href=”https://good360.org/infographics/benefits-of-csr/”><img src=”http://good360.org/wp-content/uploads/2018/03/4-Ways-CSR-Can-Improve.png” alt=“4 Ways CSR Can Improve Your Company’s Bottom Line” width=600/></a>