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CSR IMPACT ON ENVIRONMENT



CSR IMPACT ON ENVIRONMENT

Corporate Social Responsibility (CSR) is followed by organizations to continue their business activities in an ethical manner. Organizations can display social responsibility in various methods such as, donate funds for education, support underprivileged children, sponsorship for events and commitment to environment protection.

CSR has also been described by Husted and Salazar (2006) as being concerned with ‘the impact of business behavior on society’. CSR is a management concept whereby companies integrate social and environment concerns in their business operations and interaction with their stakeholders (United Nations Industrial Development Organization, 2019)

CSR and Environment

CSR is a wide range of actions and one prime focus of it is the environment. Environmental CSR focuses on minimizing any activities which damages the environment from business processes. Below mentioned activities are some significant actions practised by organizations:
  • Energy usage
  • Water use
  • Waste management
  • Recycling activities
  • Eco friendly work place
  • Emission control
Green CSR activities reduce business risk, improve reputation and provide opportunities to reduce cost. Even the simplest energy efficiency measures can support to make a big difference in the organization. Caring on environment will increase revenue, since many customers prefer to buy from responsible companies.

In today’s social conscious environment, employees and customers place a premium on working for and spending their money with businesses that prioritize corporate social responsibility (Schooley, 2019)

Environmental CSR in Srilanka
Many organizations in Srilanka, consider their social, economical and environmental impact as part of their responsibility while at the same time generating profit. Recently, CSR has become as the most discussing topic in corporate sector. Due to country’s serious economic problems the people, employees, customers and other interested parties put pressure on the government sector to improve the people’s social and economic livelihoods (Tilakasiri, 2013).


In the view of environment we can see many organizations now practising go green projects, energy saving activities and implementing recycling processes to support an environmental friendly business. 



References

Husted, B W and Salazar, J (2006) Taking Friedman seriously: maximizing profi ts and social performance, Journal of Management Studies, 43 (1), pp 75–91

Schooley, S. (2019, April 22). Business News Daily . Retrieved October 01, 2019, from Business News Daily : https://www.businessnewsdaily.com/4679-corporate-social-responsibility.html

Tilakasiri, K. (2013, July). Corporate Social Responsibility and Social, Economic and Environmental Development in Sri Lanka. Corporate Social Responsibility and Social, Economic and Environmental Development in Sri Lanka .


United Nations Industrial Development Organization. (2019). Retrieved Oct 1, 2019, from UNIDO: https://www.unido.org/our-focus/advancing-economic-competitiveness/competitive-trade-capacities-and-corporate-responsibility/corporate-social-responsibility-market-integration/what-csr
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Comments

  1. JinendranOctober 20, 2019 at 8:00 AM

    Nethra LiyanageOctober 1, 2019 at 10:23 PM
    Agree with your discussion.Good CSR should be align with company values and the brand and implementation of green CSR will mutually benefit for both environment & the company.Good job Jinendran

    REPLYDELETE

    JinendranOctober 1, 2019 at 10:50 PM
    Thank you Nethra, for your valuable comment.

    ReplyDelete
  2. JinendranOctober 20, 2019 at 8:01 AM

    Malitha Eranga FernandoOctober 2, 2019 at 12:16 AM
    Corporate social responsibility is very vital part of current business environment. Your flow is attractive. Thanks for sharing.
    Well done.

    REPLYDELETE

    JinendranOctober 12, 2019 at 2:19 AM
    Thank you Malitha.

    ReplyDelete
  3. JinendranOctober 20, 2019 at 8:01 AM

    NamilaOctober 2, 2019 at 3:40 AM
    In the view of environment we can see many organizations now practising go green projects, energy saving activities and implementing recycling processes to support an environmental friendly business. Yes, It is nice trend.

    REPLYDELETE

    JinendranOctober 12, 2019 at 2:19 AM
    Thanks for your comment.

    ReplyDelete
  4. JinendranOctober 20, 2019 at 8:01 AM

    Anupama KankanamgeOctober 2, 2019 at 7:54 AM
    CSR is crucial for the sustainability and its may not be much important for the present but for few decades in future. Good article..good luck

    REPLYDELETE

    JinendranOctober 12, 2019 at 2:21 AM
    Thank for your comment, yes presently we are not concern about the environment but soon entities will realize the impact.

    ReplyDelete
  5. JinendranOctober 20, 2019 at 8:01 AM

    Wasantha ArunasiriOctober 3, 2019 at 5:01 PM
    good article about CSR and well explain.

    REPLYDELETE

    JinendranOctober 12, 2019 at 2:21 AM
    Thank you Wasantha.

    ReplyDelete
  6. JinendranOctober 20, 2019 at 8:01 AM

    Jehan RahimanOctober 5, 2019 at 10:17 PM
    It is important to show the interest towards the community and stakeholders where it automatically makes the company brand. Good job.

    REPLYDELETE

    JinendranOctober 12, 2019 at 2:21 AM
    Thanks Jehan.

    ReplyDelete
  7. JinendranOctober 20, 2019 at 8:02 AM

    Malintha GannileOctober 6, 2019 at 7:12 AM
    as you mention consider their social, economical and environmental impact as part of their responsibility while at the same time generating profit. Recently, CSR has become as the most discussing topic in corporate sector now a days organisations are keen to help the society.Good work Jinendran

    REPLYDELETE

    JinendranOctober 12, 2019 at 2:22 AM
    Thanks Malintha.

    ReplyDelete
  8. JinendranOctober 20, 2019 at 8:02 AM

    Milhan - MBA BlogOctober 7, 2019 at 2:30 AM
    You have explained the importance of Corporate Social Responsibility well. CSR activities can impact the business by developing the right image among the public and gives a higher brand value as well.

    REPLYDELETE

    JinendranOctober 12, 2019 at 2:22 AM
    Thank you for your comment.

    ReplyDelete
  9. JinendranOctober 20, 2019 at 8:02 AM

    Upendra BatagallaOctober 12, 2019 at 8:41 AM


    CSR is a great tool to enhance stakeholders awareness and as well as an essential weapon to improve cooperate sustainability. Good job

    REPLYDELETE

    ReplyDelete

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