Corporate Social Responsibility, Business Strategies (Essay Sample)

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Corporate Social Responsibility
Corporate social responsibility is a crucial approach that many profits and nonprofit organization globally adopt in efforts to achieve sustainability. Mostly, organizations strategically align their mission, vision and objectives incorporating them in line with approach hence satisfy all the stakeholders’ interest. According to Ofodile et al (181), corporate social responsibility are all the strategies applied by a business that is all centered to sustainability and giving back to the society. The approaches aim to achieve ethical standards, economic growth and development, socially accepted norms, environmental compliance and philanthropic acts to all the stakeholders (Ofodile et al , 180). Thus, the essay aims to explore on corporate social responsibility as a roadmap to sustainability.
First, the approach has a heart on the maintenance and practice of the best environmental conservation aspects along the value chain. Normally, such organization does have policies that aim to minimize air, water and land pollution with an alternate use of renewable sources of energy and appropriate waste disposal. For instance the use of solar energy and reduction use of fossil fuel that usually exposes the globe to carbon and nitrogen emission hence leading to global warming. Additionally, such organization ensures industrial water waste treatment before they are disposed of back to the mainstream. For instance, unliver limited have a policy that binds them to only source their raw materials from an organization that have zero carbon emissions and who have ISO certification on environmental conservation guidelines (Bénabou, 16).
Second, the corporate social responsibility assumes the role to maintain ethical standards to all the stakeholders who include the employees, suppliers, customers and the communities surrounding. Commonly, the labor laws and employee rights and welfare are safeguarded with a commensurate compensation while ensuring zero child labor. Supplier’s right is usually observed with transparency in the award of tender and timely payments of goods and service delivered being the cornerstone. The approach goes extent further to guard the interest of the customer by ensuring products are of the right quality, quantity and price (Ofodile et al,186)
On the other hand, corporate social responsibility focus on the economic growth and development of the country. Such initiatives are positioned on the observance of the rules and regulation of the government of the day. Further still, an organization embracing the aspect plays a role in ensuring a conducive political and social environment through counsel and advice. For instance, compliance with business laws such as taxation schemes and declaring their profits and statement of financial positions which usually communicate disposable cash flow to the economy (Bénabou, 18).
Finally, corporate social responsibility approach manifests in the giving back to the society. Most societies are usually affected...