{"id":5448,"date":"2023-01-24T04:58:54","date_gmt":"2023-01-24T04:58:54","guid":{"rendered":"https:\/\/news969.com\/?p=5448"},"modified":"2023-01-24T04:58:54","modified_gmt":"2023-01-24T04:58:54","slug":"how-corporate-social-responsibility-helps-grow-your-business","status":"publish","type":"post","link":"https:\/\/news969.com\/how-corporate-social-responsibility-helps-grow-your-business\/","title":{"rendered":"How Corporate Social Responsibility Helps Grow Your Business"},"content":{"rendered":"
As a business owner, your roles and responsibilities may seem unending. And while most owners tend to be more focused on making a profit, businesses face increasing pressure to ramp up their efforts on being socially responsible.\u00a0\u00a0<\/span><\/p>\n Whether you\u2019re fighting for gender equality, protecting the environment, or supporting charities that help people living in poverty, corporate social responsibility (CSR) is more than just a buzz phrase\u2014it\u2019s a societal demand.<\/span><\/p>\n But what exactly is it, and how does it benefit your business growth? This article gives you the answers.\u00a0<\/span><\/p>\n Understanding CSR<\/b><\/p>\n CSR refers to a self-regulating business model that allows a company to be socially accountable. It means being conscious and implementing initiatives to positively impact all aspects of society, including environmental, economic, and social.<\/span><\/p>\n For instance, Dan\u2019s Plumbing, a trusted company in Australia, practices CSR by supporting The Smith Family, a national children\u2019s education charity. The company raises funds to help kids struggling with poverty and send them to school. If you\u2019re interested, you can go to <\/span>this link<\/span><\/a>.\u00a0<\/span><\/p>\n In short, engaging in CSR means that a company operates in ways that enhance or contribute to the environment and society.\u00a0<\/span><\/p>\n How CSR Helps Your Business<\/b><\/p>\n As consumers become increasingly conscious of their social and environmental impact, they expect businesses to do the same. A <\/span>survey<\/span><\/a> in 2019 revealed that nearly 50% of consumers share that they\u2019re paying attention to a business\u2019s social actions. In addition, about 70% of customers want to know how brands address environmental and social issues.\u00a0<\/span><\/p>\n This growing interest in social responsibility causes consumers to move together to support businesses that positively impact society and the environment. If you implement CSR initiatives such as making greener products or volunteering in your community, you\u2019ll garner their support even if it comes with a higher cost.\u00a0\u00a0<\/span><\/p>\n Statistics<\/span><\/a> show that about 50% of customers will pay more for services or products from a socially responsible business.\u00a0<\/span><\/p>\n So, by supporting social causes and making your business a purpose-driven company for positive change, you can connect with consumers and influence them to change their buying habits to become lifelong consumers.\u00a0<\/span><\/p>\n Aside from your customers, the people working for your company also want their organization to be socially responsible. Businesses can improve team member engagement by showing genuine social awareness and implementing CSR initiatives. Plus, you can also attract young <\/span>applicants<\/span><\/a> who are eager to make a difference instead of the mundane cycle of doing tasks every day to collect paychecks every month.\u00a0<\/span><\/p>\n\n
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