Corporate Social Responsibility (CSR, also called corporate sustainability, sustainable business, corporate conscience, corporate citizenship or responsible business) is a type of international private business self-regulation.
Recent public opinion polls looking at what Americans expect and want from big companies has at the top of the list how they treat their workforce including fair pay, benefits, etc. But the poll also looks at commitment to customers, the benefit or harm caused by products and services, impact on the environment, commitment to communities, and corporate leadership and governance.
The top 100 companies that ranked high on CSR:
- Pay median workers 26% more than other companies;
- Are 9 times more likely to have conducted gender pay equity analyses than other companies;
- Are nearly 4 times more likely to have diversity targets;
- Pay dramatically fewer fines for environmental, worker safety, or EEOC violations than other companies.
The key finding is that companies with a high CSR quotient have a 5% higher return-on-equity than other companies.
The digital transformation of society is one of the key barometers of success for your business. Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight. Telecom Review has embraced social responsibility in all of its activities and feels that CSR through business operations helps insure reliable communications for all. Please join us.
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