CORPORATE SOCIAL RESPONSIBILITY AND ETHICS THE LEARNERS SHALL BE ABLE TO: 01 DESCRIBE THE CONCEPT OF CORPORATE SOCIAL RESPONSIBILITY OR CSR; 02 ANALYZE THE DIFFERENT DRIVERS OF CORPORATE SOCIAL RESPONSIBILITY; 03 ANALYZE THE DIFFERENT DRIVERS OF CORPORATE SOCIAL RESPONSIBILITY; 04 ANALYZE THE DIFFERENT DRIVERS OF CORPORATE SOCIAL RESPONSIBILITY; 05 COMPARE THE TWO VIEWS OF CSR; AND 06 ILLUSTRATE THE PYRAMID OF CORPORATE SOCIAL RESPONSIBILITIES. 07 APPLY SOCIAL RESPONSIBILITY TOWARDS CONSUMERS. GOVERNMENT, EMPLOYEES AND THE ENVIRONMENT. CORPORATE SOCIAL RESPONSIBILITY "Corporate social responsibility is measured in terms of businesses improving conditions for their employees, shareholders, communities, and environment. But moral responsibility goes further, reflecting the need for corporations to address fundamental ethical issues such as inclusion, dignity, and equality." Klaus Schwab THE CONCEPT OF CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility (CSR) involves businesses moving beyond profit generation, responding to societal demands for economic, social, and environmental responsibility. Influenced by figures like Milton Friedman and Edward Freeman, CSR broadens the stakeholders beyond just shareholders to include customers, employees, suppliers, communities, and the environment. It goes beyond philanthropy, encompassing legal, social, environmental, and ethical considerations in business processes. The triple bottom line approach, focusing on people, planet, and profit, underlines a commitment to sustainable practices across these three dimensions. Key Components of CSR 1. Corporate Governance - Involves accountability, transparency, and adherence to laws. It aims to achieve company objectives, protect shareholder rights, and provide transparency for all stakeholders. 2. Business Ethics - Integrates core values like honesty, trust, respect, and fairness into company policies and decision-making. It encompasses legal compliance and adherence to in-house rules. Key Components of CSR 3. Workplace and Labor Relations - Focuses on human resources as crucial assets. Good CSR practices include health and safety, employee relations, and work-life balance, aiming to enhance recruitment, retention, and cost reduction. 4. Positive Action - Reflects CSR through practices like inclusivity, gender policies, prevention of sexual harassment, HIV/AIDS prevention, and employee volunteering. Key Components of CSR 5. Supply Chain - Extends CSR beyond internal operations to the entire supply chain. Addressing social, environmental, and human rights aspects positively influences stakeholders. 6. Customers - Considers more than just cost and quality, emphasizing the impact of production on social, environmental, and supply-chain concerns for customer satisfaction and loyalty. Key Components of CSR 7. Environment - Goes beyond legal requirements, focusing on delivering environmental benefits. Includes seeking sustainable replacements for natural resources, reducing environmental impact, and producing eco-friendly goods. 8. Community - Recognizes the community as a vital stakeholder. CSR involves direct communication, risk evaluation, and contributing to positive changes in the community, enhancing the company's brand image. DRIVERS OF CSR CSR promotes accountability to all stakeholders, focusing on environmental, employee wellbeing, community protection, and society. Businesses must operate in connection with society, beyond traditional competitiveness, survival, and profitability. Driven by factors like these, CSR is increasingly important. SHRINKING ROLE OF GOVERNMENT Government's role in providing social and environmental services in businesses is shrinking due to distrust in regulations and insufficient resources, leading businesses to explore voluntary soft intervention. DEMANDS FOR GREATER DISCLOSURE The demand for greater disclosure is increasing from various stakeholders including customers, suppliers, employees, local communities, investors, media, and pressure groups. INCREASED CUSTOMER INTEREST Ethical conduct of a company can significantly influence customer buying decisions, with consumers often valuing or penalizing companies based on their perceived performance. GROWING INVESTOR PRESSURE Investors increasingly prioritize ethical considerations when evaluating companies' performance and buying and selling stocks, highlighting the growing pressure to do so. COMPETITIVE LABOR MARKETS In today's competitive labor markets, employees prioritize aligning their principles with employers' philosophies and operating practices, leading to employers being compelled to improve working conditions. SUPPLIER RELATIONS Supplier relations - Nowadays, most stakeholders are more and more interested in the affairs of businesses. With this situation, companies are making certain that even their partners conduct themselves ethically and socially responsible. The trend now is to present codes of conduct for their suppliers, which practices would guarantee a good image once these policies or would be followed. HISTORICAL PHASES OF CSR The practice of corporate social responsibility (CSR) has had an extensive and widespread history. A sizable body of literature about CSR could be found mostly from the twentieth century particularly in developed countries, the majority of which from the United States (US). Europe later was also captivated with CSR as manifested by a lot of formal writings, research, conferences, and consultancies usually from the works of scholars and practitioners Countries in Asia also joined the bandwagon and started to becöme interested to CSR policies and practices. An early practice of CSR could be exemplified on how businessmen were concern about social causes. Some businesse spend money for community causes such as contributing funds to. an orphan asylum and giving gifts to charities which were recorded as Miscellaneous Expenses in the company's accounts. Other issues such as urban decline, racial discrimination, and pollution problems were added to the lists of CSR concerns. These examples proved that SR has been a practice for a long time but only becanie popular in the past fifty years. At present, CSR could already be regarded as a global phenomenon. In recent years, volunteering has become another important initiative in CSR especially in international businesses Labor standards, environment, human rights; and fighting briben ater were added as CSR applications. Now, it has been clear that without the moral and business components of CSR, no compan could be able to attain its corporate success. PROFIT MAXIMIZING MANAGEMENT Management must maximize profit Individual drive for profit maximization would ultimately create wealth for the nation Business systems as a profit maximizer are used as a tool or the elimination of economic scarcity PROFIT MAXIMIZING MANAGEMENT Business ignores unsafe working conditions, paid starvation wages and used child labor in order to maximize profit Problems of cultural minorities unsate products, unfair advertising and urban poor problems were given little if no attention at all. Abuses of capitalism are extremely rampant and the government tolerates these deplorable business practices QUALITY OF LIFE MANAGEMENT Security of basic goods and services was no longer a principal problem Social and economic problems brought about by economic growth expanded the concept of social responsibility of management Social and economic problems brought about by economic growth expanded the concept of social responsibility of management QUALITY OF LIFE MANAGEMENT Business is expected to contribute to the improvement of the quality of life which involves cultural, social, educational, political factors and economic security Society is unstable if the quality of life of the people Is poor. Businesses contribute to a good quality of life and society. A prosperous society is the best environment for a business to thrive in. Businesses will benefit from its selfinvestment in society Unorganized CSR (1960s to 1970s) During this period, the Philippines experienced the lingering effects of US colonization, leading to businesses primarily focusing on charity and donations. The declaration of Martial Law in 1972 by the Marcos administration caused economic crisis and threats to political stability and societal order. To counter these challenges, businesses and organizations collaborated through CSR programs. The Philippine Business for Social Progress (PBSP), established in 1971, played a pivotal role by allocating a percentage of companies' profits for development projects, benefiting education, health, livelihood, and the environment. Organized Philanthropy (1980s to 1990s) With new government policies emphasizing deregulation, decentralization, and liberalization, foreign investments increased, influencing the private sector. During this era, various foundations, such as ShoeMart, Coca-Cola Philippines, Roxas Foundation, and Sarmiento Foundation, emerged. Companies also embraced CSR programs through Community Relations, and in the 1990s, PBSP introduced Area Resource Management (ARM) to optimize CSR strategies, fostering strategic investments and strengthening relationships among participants. Organized Movement (2000 and continues until present): The organized movement persisted into the 21st century, driven by globalization's impact on CSR worldwide. The concept of "shared value" gained popularity, highlighting the interdependence of business competition and community health. The League of Corporate Foundation (LCF), established in 1991, played a key role in promoting and enhancing CSR in the Philippines. LCF, comprising over 80 major corporate foundations and corporations, has led the business sector in philanthropy, CSR, and nationbuilding commitments for more than two decades. LCF members collaborate on various projects through committees focusing on Arts and Culture, Education, Enterprise Development, Environment, and Health. DIFFERENT VIEWS OF CSR Over the last twenty years, corporate social responsibility of organizations has been one of the most and widely debated issues. This is because there are actually two extreme views about business's social responsibilities. The two approaches that form and guide managers on how to line up their priorities and actions are the socioeconomic view and the classical view. They are discussed here below: Socioeconomic View The socioeconomic view emphasizes that businesses have a responsibility beyond profit maximization, prioritizing society's welfare over financial gains. Socially responsible actions not only align with ethical standards but also contribute to a positive public image, long-term profitability, and stakeholder support. Modern businesses engage in social, political, and legal activities to positively influence societal well-being. Failures, such as Enron's bankruptcy, underscore the consequences of neglecting corporate social responsibility (CSR). Socially responsible businesses exhibit traits such as enhanced public image, contribution to solving social issues, alignment with public expectations, secure long-term profits, balancing power with responsibility, stock price increase, and possession of ample resources to sustain charitable projects. Businesses which are socially responsible have some recognizable common points which are: 1. Public Image - Businesses pursue social goals to improve their reputation and attract stakeholders. 2. Better Environment - Businesses help address societal issues, attracting skilled employees and enhancing quality of life which may also attract and retain skilled employees. 3. Public Expectation - Public expects businesses to pursue social as well as economic goals. 4. Long-run Profit - Socially responsible businesses build harmonious community relations, leading to sustained profitability. 5. Balancing Responsibility and Power - Businesses, as influential entities, must balance power with social responsibility. 6. Stockholder’s Interest - Socially responsible actions lead to higher stock prices, reflecting investor confidence. 7. Possession of resources - Socially responsible companies have ample financial, technical, and managerial resources to support charitable projects. Classical View The classical view, endorsed by economists like Milton Friedman, asserts that businesses' primary role is profit maximization for shareholder satisfaction in free competition, with social welfare left to government care. Profit maximization, aggressive competitive strategies, and resource utilization for economic objectives characterize this view, viewing CSR as a cost that may dilute economic productivity. Characteristics of Classical View 1. Profit maximization - Businesses focus solely on activities that generate profits for shareholders. 2. Government concern - Social welfare is considered the government's responsibility, not that of businesses. 3. Aggressive competitive strategies - Businesses prioritize profit maximization through aggressive competition. 4. Utilization of resource - Committing resources to CSR activities is seen as a competitive disadvantage. 5. Unachieved business objectives - Pursuing philanthropic responsibilities may divert shareholder wealth from economic activities. Pyramid of Corporate Social Responsibilities Archie Carroll's Pyramid of Corporate Social Responsibility forms the basis of the modern definition of CSR, comprising five interdependent responsibilities. These responsibilities, arranged in a successive fashion, encompass various aspects of business engagement with society. Economic Responsibility The primary responsibility of businesses is economic, focusing on profitability and long-term growth. While profitability ensures the livelihood of owners and sustains operations, companies must also consider their broader impact on society. Balancing economic decisions with ethical, environmental, and philanthropic practices is essential. Profitability enables businesses to fulfill obligations to employees, suppliers, and the community while contributing to economic development and nation-building. For example, companies adopting sustainable practices, like using recycled materials, demonstrate social responsibility while reducing costs and resource consumption. Legal Responsibility The second level of the pyramid is business's legal responsibility to comply with all societal laws at all times. Similar to individual citizens, businesses are obligated to adhere to all written and codified laws governing their operations. Government acts as regulators to ensure business integrity and protect public interests. Non-compliance with laws may lead to penalties such as fines or business shutdowns, affecting stakeholders financially. Required laws include business permits, taxes, worker rights, intellectual property rights, consumer protection, contracts, and anti-trust laws, varying by industry and business structure. Ethical Responsibility In the world of business, ethical responsibility is of utmost importance. It involves doing what is right, even when it is not legally required. To create a positive company culture and maintain a good reputation, fair labor practices should be applied to all employees, regardless of their position within the company. This includes equal pay and living wage compensation. It is also crucial to address any violations against employees or suppliers, as this can have a negative impact on the company's image. Suppliers should be treated fairly, and businesses should use products that are certified as meeting fair trade standards. It is important to adopt ethical responsibility across all stakeholders, including investors, employees, customers, and competitors. In the advertising industry, businesses often manipulate the truth to make their advertisements more appealing. This is where ethical responsibility is crucial. The Philippine Association of National Advertisers (PANA) regulates and sets guidelines for Philippine advertisers, promoting values in advertising through self-regulation. Environmental Responsibility Environmental Responsibility These days environmental responsibility is a must for businesses, though this is not actually included among the responsibilities by Archie Carroll in the pyramid of CSR. Generally among the initiatives in sustaining the environmental endorsed by businesses are limiting pollution and reducing greenhouse gases As businesses become aware of environmental issues they try to contribute as good corporate citizens in lessening air, land and water pollution that would harm the society. Philanthropic Responsibility Philanthropic responsibility refers to the donations made by companies towards social, educational, recreational, and cultural causes. These donations can be in the form of time, money, or other forms to charitable organizations, aiming to support causes such as human rights, disaster relief, clean water, and education programs in underdeveloped countries. Microsoft, for example, has made a $1.5 billion donation to its Bill and Melinda Gates Foundation in 2014, aiming to create a tech-savvy generation. Philanthropy can also be done by small companies, hosting fundraising efforts, and providing support to causes. SOCIAL RESPONSIBILITY TO STAKEHOLDERS Today, both large and small companies are also faced with numerous issues that test them to answer to the concerns of their stakeholders to operate and perform in a socially responsible fashion . Here are some of the major stakeholders that companies need to focus on: TOWARDS CONSUMERS The consumers are without doubt, the important stakeholder of any business whether big or small. Putting-up a profit-motivated company would not work without consumers or the buying public their obligations are comprehensive. Companies must deliver quality products, services, and value for money, while adhering to ethical business practices and fulfilling social responsibilities. A good customer service approach can attract repeat purchases. Customer satisfaction is now a crucial responsibility for businesses, and companies must handle complaints courteously, maintain accurate advertisements, and provide correct suggestions and feedback. Truly, a business cannot function without consumer. The survival and growth of business relies on consumer satisfaction service and support. All business organizations should always win the confidence of the customers. This is feasible by having a positive attitude towards customers and achieving the following social responsibilities towards them: 1.Quality - It is essential for a manufacturing company to produce high-quality goods and services, as well as for serviceoriented organizations. Although it is impossible to achieve 100% quality, businesses should always make improvements for nearperfect quality. Quality improvement should be a component of every corporate activity and process. 2.Fair prices - It is not reasonable to charge high prices on customers. Customers these days looking for quality goods and services offered at reasonable prices. It is always fair prices that make a new customer turn into loyal customers. 3.Truthful advertising Advertisements should offer relevant and updated facts, advantages and even side-effects of the product. Providing information is one of advertising. Hence, any company which would like to advertise products or services should not misinform and mislead its customers by giving out correct and real information. 4.After sales service - During the period of promised warranty, customers always anticipate that the company would provide them after sale service. It is the after sale service when given efficiently and effectively that creates good relationship between the customers and the company. 5.Research and development - It 6.Consumer's safety - It is is actually a requirement of always expected by consumers consumers for businesses to perform research and developmen (R&D). Through R&D, quality of offering both goods and services may be that any product they bought shall not harm their health and most importantly their lives. Consumers trust more those improved and certainly cost of companies that offer and sell production could be reduced. safe products. 7. Regular Supply - Goods and 8.Attend complaints - Businesses services must be provided to should always attend to any customers on a regular basis. It is a queries and complaints of business sin to create false scarcity of goods. Good and services should be accessible to consumers whenever they need and want them. customers the soonest possible. Customers certainly would retaliate when their queries and complaints are not given response instantly by telling negative feedbacks. 9. Avoid monopolistic competition - It is always healthy for an industry to have a competitive business environment. For the sake of customers, businesses of any industry should not allow that monopoly exists. 10. Training - Sometimes, businesses need to train their customers on the use of the products bought. This training is given either for free for a fee. It is freely given if the customers would not be able to use the product without the training or usually it is already part of the package. This is true in the case of computers and software products. Bn TOWARDS EMPLOYEES CSR programs should be reflect that a business is more socially focused and incorporated into an organization's values. Millennials seek companies that prioritize employee well-being and a good compensation package. CSR activities should also enhance motivation and interest in the job. Top management's good practice should serve as an example for employees to be socially responsible and contribute to increased productivity. Here are the responsibilities the company to its employees, as follows; 1 . Meaningful work and Job satisfaction- In a country like the Philippines with a very high rate of unemployment, the job opportunities are restricted. Management of the company must be responsible in making them grow and develop over time. Job assignments needs to be delegated equally and be based on expertise, knowledge and educational qualification of employees so that no one is abused. 2. Fair returns - Well-designed compensation package must include sufficient wages and salaries in addition to other incentives. Payment to employees must be given on-time so that they can meet their individual financial obligations. Should employees faced financial crisis for some reasons, they should not be denied help during said situations. Management must treat all its employees as part of one big family that requires to be given care and support. The company and employees ought to stand by each other during both happy and sad times. 3. Best physical and mental atmosphere - Essentially, employees need good facilities to work productively and comfortably to deliver their performance best. These require management to provide these employees with fresh, decent, healthy and safe working conditions, proper sanitary facilities and fresh drinking water among others. In addition, employees must be given proper workstations or cubicles for some amount of privacy. Every employee should be given the same comfort so that they will not feel stressed and frustrated with their job. Ensuring frequent inspection of the facilities and educating employees about safety standards is necessary and a must for a harmless workplace. 4 .Participation in the management - Top management should encourage work teams, suggestion system, profit-sharing and other ways of participation. These activities both build a better workplace relationship and reinforce the bond to work cooperatively in projects and activities that are outside the office. Together, management and employees are appreciative of each other as they show their talents which are not exposed during the time of work. 5.Training, promotion and welfare schemes - Proper training is a requirement for employees to be efficient and proficient as these are the demands of contemporary business workplace. Part of a good CSR practice is to offer opportunities for skills development to employees. It is a big help for employees to learn new skills which they can share and contribute to the company. As they participate in CSR activities, these new skills would make them confident to assume important roles within the scope and function of such activities. 6. Recognition of unions - A union is an organized group of workers who unite to make decisions about conditions affecting their work. A socially responsible company recognizes the right of employees to form their union. Having a union inside a company promotes and maintains good labor relations. 7. Proper personnel policies - A good practice of CSR is have concrete and proper personnel policies in transfers, promotions, Policies in recruitment, training and other related areas. promotion transfer or any other action for the employees should at all times be unbiased. 8. Health and safety measures - All companies must always have enough actions for employee protection in terms of health. Among others, proper canteen, medical clinic and other related facilities must be in place. Management as part of their CSR practice should always maintain a safe working environment to prevent possible accidents that may happen. Part of the management's responsibility is to secure insurance for its employees as provision for medical care and wage replacement in case of injuries. 9. Grievance procedure company As a socially responsible business, a should have a proper grievance process to answer for build a working climate free from harassment and discrimination with respect to all age, race, gender, ethnicity, disability or even religion. Any workplace issues confronted correctly and promptly can avoid expensive civil lawsuit. Participating in CSR activities boosts employees' work ethics and performance, influencing their attitude and awareness. It provides direction, cultivates positive perceptions of employers and themselves, and reinforces loyalty to the company. Employees understand the importance of their work and are more likely to embrace the same values. Active involvement in Corporate Social Responsibility (CSR) can lead to job satisfaction and positive perceptions among employees. Businesses must maintain a positive view of CSR. The government, as an external stakeholder, plays a crucial role in the communities where businesses operate, as they interact with various sectors and are responsible for controlling laws and protecting the country's security. Participating in CSR activities boosts employees' work ethics and performance, influencing their attitude and awareness. It provides direction, cultivates positive perceptions of employers and themselves, and reinforces loyalty to the company. Employees understand the importance of their work and are more likely to embrace the same values. Each country has unique laws and regulations, which businesses must adhere to to protect consumers and the environment. Government policies ensure businesses function without harming society and the environment, fostering good relations between companies and communities. This ensures responsible investment and responsible business operations. Breaking government rules can result in punishment for consumers and the community, while businesses that comply may receive incentives and funding. Stakeholders and investors are protected by corporate governance principles, while businesses are obligated to make money for investors. Companies can suggest revising rules if it concerns society's interest, but must adhere to local laws. The main obligation of businesses is to make money for investors. Here are some of the responsibilities of businesses towards their respective governments: 1. Pay taxes - Obviously, businesses owe to the government their taxes and fees as they carry out their operations. The government imposed various taxes and fees on businesses such as excise duty, sales tax and corporate tax. These taxes and fees should be paid accurately based on the provisions. In return, these collected taxes and fees are returned to the people through infrastructure and other welfare facilities. 2. Follow environmental regulations -Those businesses in the industrial and manufacturing sectors have been enforced strict rules concerning the quantity and the variety of pollutants that they are permissible to produce. Socially responsible companies try to minimize their pollution for the common good even more than the law requires. 3. Abide by labor laws -In the Philippines employers need to follow laws on labor practices. These laws are about proper treatment of employees. How much an employee can be paid, how many hours he is allowed to work and the hiring and firing criteria are some of these laws. The Labor Code of the Philippines is the general labor law that regulates the relationship between the employee and the employer, and all employment-related matters in the country. The law applies to all Philippines' enterprises and joint ventures, as well as to all employment relationships between Filipino nationals and foreign enterprises in the country. 4.Avoid restrictive trade practices Competition is basically an in restrictive trade practices even under competition. Monopoly element of any business. Businesses are not permitted to engage is an example of a restrictive practice in any industry that limits an industry. This type of trade practice can lower the quality of competition and prohibits new entrants in becoming a player of products available to consumers yet drives prices up. 5.Financial disclosure - The financial statements of companies need to be disclosed to the government for taxation purpose. While, the company is also responsible to disclosed its ownership of shares of stock to the public in terms of availability. Being financial transparent makes certain that the company obey government laws such as withholding and business taxes. Whereas the public is assisted on its investment decision. 6.Avoid corruption In almost all countries bribing public officials by businesses is prohibited. Essentially, bribery is offering to do something for someone for the expressed purpose of receiving something in return. Bribery makes the interest of the country's citizens at stake. Those public officials that accept bribes lose their ability to be objective on the performance of their respective jobs. Towards the Local Community A local community is a group smaller in size and number compared to a society in general. It may consist of places where a company operates and functions as well as where it negotiates about common issues of concern. These places are proximate relative to the geographic location of the business Companies can contribute to the local community through community giving, employee involvement, and entrepreneurship and employability. Community giving involves financial contributions to local charities, while employee involvement involves actively participating in community programs like clean-up events. IN THE FIELD OF INDUSTRY Companies like Resorts World Manila and Quezon Power Limited Inc. offer livelihood programs to help rural and urban communities, providing training and employment opportunities. Livelihood & Employment Assistance Program (LEAP), an integrated learning program, combines values enrichment and on-the-job training for less fortunate Pasay City residents. Quezon Power also supports micro-entrepreneurs, cooperatives, and NGOs through entrepreneurial and leadership skills training through its CSR programs. IN THE FIELD OF AGRICULTURE Any large companies can contribute in agricultural development as its CSR programs. In their perspective these CSR programs can provide full employment to the large unemployed people in the labor market. In the case of Jollibee Food Corp. (JFC), the company entered into an agreement with KALASAG as its main supplier. KALASAG, a group of San Jose farmers provides bulk purchase of onion seeds, fertilizers and other farm requirements to Jollibee. This supply agreement made available on-time and better crop yields on a fair and just price to Jollibee and higher than the farmers' traditional markets to KALASAG. HOUSING FACILITIES Businesses play a crucial role in social responsibility, as many Filipinos live in ill-planned, filthy houses, particularly in squatter areas. CSR approaches provide financial aid through material and manpower support to slums and disaster-prone areas. Companies like Banco de Oro (BDO) use volunteerism to provide disaster response rehabilitation programs, build classrooms, and provide housing units for affected families. TRANSPORTATION The national government typically creates programs for affordable public transport, road capacity utilization, improved licensing procedures, and urban and rural structure changes. However, businesses can also support these programs. Canon's Layag-Layag Project, known as Canon Advocacy for Reinforcing Education (CARE), focuses on strengthening education through partnerships with regional offices. Through fundraising efforts, Canon provided four medium-sized boats to Davao, which have since become the main mode of transportation for children to school, eliminating the need for daily chest-deep water crossings. HEALTH & EDUCATION Businesses in the Philippines are implementing Corporate Social Responsibility (CSR) initiatives to improve the quality of life for their communities. Companies like Quezon Power provide medical and dental services, lectures on health prevention and treatment, and feed malnourished children in elementary schools. They also offer health and nutrition training to help communities develop their skills. CEMEX, a global leader in the building materials industry, is investing in a program called Experto Ako to provide knowledge about current cement technology. These CSR initiatives aim to address issues such as lack of health education, unwholesome environments, poverty, and deprived diets in rural areas. INDUSTRIAL AID TO EDUCATION Successful businesses support educational institutions through CSR programs, such as Manila Electric Company's 2001 donation of free computers and training for public school teachers. The company provided basic computer literacy training, transportation, allowance, food, and handouts to teachers, who were part of the regular staff pool of Meralco. This modern CSR approach supports technical education programs. TOWARDS THE ENVIRONMENT Environmental CSR aims to reduce harm to the environment from businesses' processes. Green CSR can decrease business risk, improve reputation, and offer cost savings. Energy efficiency measures, such as turning off lights and equipment when not in use, reducing water usage, and reducing paper waste, can generate savings. Caring about the environment can increase revenue, as customers prefer to buy from responsible companies. Reduce paper waste In recent years, businesses have moved toward going paperless. Staff should be encouraged to do office stuffs electronically. Companies need to cut back on paper use through setting up electronic collaboration tools. Use LED light bulbs These days offices had switch to LED light bulbs that cut-down their utility bills because 95% of the energy in LEDs is converted into light and only 5% is wasted as heat. At the same time LED protect the environment since less energy use reduces the demand from power plants and decreases greenhouse gas emissions. Allow telecommuting Millennial prefers flexible work arrangements and sometimes even working from homes. Telecommuting is advantageous for the environment. This human resource (HR) practice reduces the energy consumption in office spaces every day, saving money and cutting the business's carbon footprint. Even with just a few employees, telecommuting can ease commuter traffic. Power off computers It is a great opportunity to save money and conserve energy by unplugging computers. Businesses need to make it compulsory for all employees to power down their computers, printers and copiers before they leave their respective offices. Set-up recycling bins in common areas Businesses should place recycling bins in common work and meeting areas of their offices. In this way, companies would be able to send the message especially to employees and visitors that they take environmental responsibility seriously. Reduce travel Travel has a negative impact on the environment. Although it is an important part of doing business can be substituted by tech tools like video conferencing. Instead of travelling to a conference to get in touch with customers, schedule a webinar and let them join online. These tech tools will not only save money of a company but also reduce carbon emissions. Give filtered water Basically, water is the beverage of choice by everyone in the offices. Instead of plastic water bottles, employees should be encouraged to bring their own reusable cups, Businesses may add filtration to their water system to make water available clean water to employees throughout the day. THANK YOU BORGER ON THE BEAT! #OSM