CSR (Corporate Social Responsibility)

CSR (Corporate Social Responsibility) is about the Triple Bottom Line: People Planet Profit (PPP).

As a business, we are supposed to make a profit margin, but we should do it all by respecting the people (community) and the planet (environment).

CSR is a process to integrate social, environmental, ethical human rights and consumer concerns into business operations and core strategy in close collaboration with stakeholders.

CSR is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms.

There are several international ethical standards like:

- The United Nations Global Compact (UNGC) is a voluntary initiative based on the CEO’s commitment to implementing universal sustainability principles and to taking steps to support UN goals. The UNGC’s Ten Principles evolve around Human Rights, Labour, Environment and Anti-corruption.

- ISO 26000 is an International Standard providing guidelines for social responsibility. It aims to contribute to global sustainable development, by encouraging businesses and other organizations to practice social responsibility in order to improve their impacts on their workers, their natural environments and their communities.

- GRI (Global Reporting Index) is an international independent standards’ organization that helps businesses, governments and other institutions understand and communicate their impacts on issues like climate change, human rights and corruption.

- The Sustainable Development Goals (SDGs) are a set of 17 "Global Goals" set by the United Nations to achieve the Sustainable Development Agenda by 2030. The Global Goals seek to end poverty, reduce inequality and tackle climate change.