Corporate Social Responsibility

March 11th, 2014

How would you rate your company’s Corporate Social Responsibility?

Today’s post is by Shelly Hayre; Customer Service Representative at SafeSourcing.
 
Corporate Social Responsibility is a corporation’s self-regulated responsibility to uphold a certain ethical standard. It can be a specialized department within a business, enforced by Human Resources, or even outsourced. Corporate Social Responsibility can achieve many things for a corporation. It can provide a clear outline regarding the ethics under which the corporation will operate, provide security in risk management, and achieve good faith among shareholders. Corporate Social Responsibility, when governed well, can also provide relief from government restrictions to control any discrepancies.
 
There are several advantages to having a strong CSR policy. Public opinion and support can largely be influenced by a company’s CSR operations. For example, employing a department to research and monitor all potential “Green” opportunities within a company’s operations can be viewed admirably by the public. Also, involvement in charitable causes and foundations, will receive positive feedback from consumers and communities. Providing employees with proper work conditions and treatment, along with a standard of quality for the product are all covered in the CSR. All these are huge factors in the sustainability of a corporation, the willingness of potential investors, and trust of current shareholders.

The relationship between a corporations CSR policy and sustainability is parallel. The outline provided by the CSR can actually help establish a distinction in your brand. And, even if a corporation’s CSR doesn’t help them publicly, it can still hurt them internally. Establishing an in-house set of checks and balances provides ethical structure in the everyday operation of a business.

So, how can an eProcurement company help with your CSR needs?

 •   The suppliers your company purchases products from can affect your quality of products produced. Garbage in = garbage out!
 •   Can your company become more “green”? Let us help you find better solutions to meet these goals.
 •   Is your supplier compliant in all regulations and meeting standards your company holds them to? – If you have a relationship with a supplier that does not meet your company’s standards and expectations, this will reflect poorly on your company too.

SafeSourcing’s SafeSourceIt™  Supplier Database contains suppliers who can meet all your expectations. We will ask the right questions to achieve the right results for you.
 
For more information on how we can help you with your procurement needs or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative.  We have an entire customer services team waiting to assist you today.

We look forward to your comments.

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