Corporate Responsibility

Corporate Responsibility, also known as Corporate Social Responsibility (CSR), refers to a corporation’s ethical obligations to its stakeholders and society at large. It encompasses the idea that businesses should not only aim for financial success but also consider their impact on the environment, communities, employees, customers, and other stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives – the “Triple-Bottom-Line-Approach” (TBL) – while at the same time addressing the expectations of shareholders and stakeholders. 

At Sustain-Ability, our CSR program is based on the TBL approach. Promoting CSR among companies requires tailored approaches that suit their needs and capacities without adversely harming economic viability. Key CSR issues include responsible sourcing, sustainable and ethical business practices, philanthropy, diversity promotion, fair treatment of employees, and transparency. Properly implemented CSR can lead to competitive advantages such as improved access to capital, increased profits, cost savings, enhanced reputation, customer loyalty, and better decision-making processes.