Corporate Social Responsibility
Corporate Social Responsibility (CSR) can be defined in several ways, all which identify a company’s need to look beyond just financial performance and to behave ethically and contribute to society at large. CSR may also be referred to as Corporate Citizenship, Corporate Stewardship, or Sustainability. The CSR concept addresses how organizations demonstrate social, environmental, and economic behavior and incorporate ethical values into a company’s culture and decision-making process. This practice has become increasingly important for companies competing in today’s business climate.
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CSR suggests that a synergistic approach integrates issues such as workplace, human rights, community, diversity, governance, and the marketplace into a core business strategy. CSR is often categorized by a company’s overall relationship with its stakeholders, which include customers, shareholders, communities, employees, suppliers, vendors, government, non-governmental organizations (NGOs) and competitors.
EORM CSR Services
Leading organizations who wish to externally communicate their annual CSR performance can benefit from the assessment tools, methodology, and processes developed by EORM consultants, including:
- Benchmarking your organization against your industry sector, competitors, or best practices (i.e., GRI);
- Stakeholder prioritization to provide guidance and/or recommendations on the subject matter that should be included in your future report;
- Assistance in developing your annual non financial CSR report;
- Metrics definitions and corporate reporting guidelines;
- Organizational reporting system testing to ensure adequate controls prior to data consolidation at the corporate level; and
- Providing an assurance statement over the accuracy and completeness of data prior to external communication.
These processes identify strengths, weaknesses, and gaps on which to build and develop future CSR efforts. After the appropriate methodology is determined, EORM works with our clients to benchmark, prioritize, communicate, train, and further develop and implement their CSR program.
To discuss how EORM can assist your company with CSR, call us toll-free at 800.648.1506. Outside the United States, please dial 408.822.8100 or send us an e-mail.
