To me, the issue of social responsibility is very straight-forward. I believe in the realization of profit, as derived from an organization that operates for stakeholders and not just stockholders. I believe that voluntary actions towards CSR provide calculable revenue where competitive advantage is concerned. These two factors alone are fairly easy to identify and incorporate into the ROI. Note that when you start talking about business “valueâ€, you start talking about “relative worthâ€â€¦ So, despite the realization that regulation is likely going to be in play, social responsibility is a no-brainer from pretty much any perspective you look at it from. The economic incentive is too great to ignore!
I believe that businesses, as unique entities, are in a favorable position to affect our planet and the life contained within. I believe they are capable of achieving this and seeing increased profits as a reaction to their actions. What’s that old saying?… “you get out what you put in?†I think it was actually Aristotle who said that… it works well here, anyway.