This article will give you 3 examples of the assorted techniques that can be taken at a corporate level to develop a company’s sustainability and ethical worth: keep reading to find out!
The level of accountability of a business is not just confined to their external influence on the Earth, but also on a lower scale, based on how satisfied and happy its workforce feels. A healthy working environment is essential among socially responsible companies, as it really should be needed for employees to feel welcome and appreciated. It has been proven that workers who feel comfortable and appropriately rewarded at work will be more productive, and with a better sense of team effort, there can only be much better results. Figures such as the Octopus Energy CEO have been well aware of this, aiming to make their companies a sustainable environment for their people. A great way to do this is ensuring that that there is an atmosphere where individuals feel confident offering constructive feedback, no matter their status, and where dialogue is encouraged.
One of the main problems being mentioned today, when contemplating how ethical a company is, is the environmental impact that comes from their product or service, from the manufacturing process to the distribution of the good. An approach that countless organisations are contemplating is employing much more sustainable resources in the first place to make their product, which will have both a much better impact on the environment and on the communities influenced by their operations. For example, corporate bodies such as the Telecom Italia board have thoroughly discussed the question of why is ethical sourcing important, and numerous corporations that deal with tech will take into consideration changing to a use of energy that comes from renewable resources. Even just diminishing the amount of fossil fuels involved in a process can make an important difference, if it is done on an extensive scale such as a corporate level; as consumers are becoming much more environmentally-conscious themselves, businesses across industries will feel motivated to introduce these practices.
Of all the factors that define ethically responsible companies, one of them is undoubtedly the range of charity initiatives they take part in. There are countless techniques that corporate charity work might be done, from donating a share of their profit to a specific foundation, to creating volunteering schemes that encourage employees to participate in activities, which could range from a bake sale to raise funds to actually volunteering part of their working hours to personally help the cause. Looking at entities such as the Pinterest leadership team as an instance, one can imagine how organisations can work together with non profit organizations on particular projects. If one was to ask what is the purpose of corporate social responsibility, supporting charitable causes would definitely be probably one of the most common answers.