CSR transformation: how can companies get involved?

byMalak Lebbar/15/04/2024 17:30

Introduction

Corporate Social Responsibility (CSR) has become an essential pillar of modern business management. CSR involves companies taking into account the social, environmental and ethical impacts of their activities.CSR principles include social responsibility, environmental protection, respect for ethical standards, transparency and collaboration with stakeholders. In short, it’s a voluntary commitment by companies to act responsibly towards society and the environment.

According to a recent study by Audencia, integrating effective CSR practices has become a priority for 85% of companies. This study offers an in-depth look at the trends, challenges and opportunities shaping the CSR transformation of companies today.

The importance of CSR transformation

CSR transformation is more than just a legal obligation; it’s a moral and economic imperative. Companies that take a proactive approach to CSR are better positioned to create long-term value, both for society and for their own sustainability. This transformation implies a profound change in the way companies operate, taking into account the social, environmental and ethical impacts of their activities.

Challenges and opportunities

However, CSR transformation is not without its challenges. According to the study, only 30% of companies implement tangible CSR initiatives, often facing obstacles such as lack of resources, skills and managerial will. Yet this transformation also offers numerous opportunities, particularly in terms of competitive differentiation, brand reinforcement and the creation of shared value with stakeholders.

Company size and perception of CSR

The study reveals that company size plays a significant role in the perception of CSR. Top managers, in particular, are more optimistic about their company’s CSR commitment, while Very Small Enterprises (VSEs) also show a strong commitment, favored by their hierarchical proximity and organizational flexibility. However, there are disparities in the formalization of CSR commitments, with intermediate-sized companies (ETIs) and large corporations more inclined to set up detailed action plans.

Communication and employee involvement

Transparent communication and active employee involvement are crucial to the success of CSR transformation. Companies must not only inform their employees about their CSR commitments, but also make them aware of the social, environmental and ethical issues they face. What’s more, the involvement of employees at all levels is essential to create a corporate culture that fully integrates CSR into daily practices.

Innovation for CSR: CircularPlace

Faced with these challenges, companies are looking for innovative solutions to strengthen their CSR approach. CircularPlace is the first BtoB reuse platform enabling internal sharing and exchange, while offering externalities such as resale, donation to associations and recycling. We also enable companies to comply with the AGEC law, which prohibits the destruction of products without at least trying to donate them.

We address the problem of under-utilization and the inappropriate destruction of equipment and products that could be reused. We are committed to facilitating compliance with the AGEC law, which prohibits the destruction of products without at least trying to donate them. Our impact calculator is designed to help companies compile their Scope 3 extra-financial report.

Towards a more sustainable future

In conclusion, CSR transformation is a complex but essential process for building a more sustainable future. The findings of the Audencia study highlight the importance of transparency, inclusion and innovation in building a socially responsible and environmentally friendly company. By partnering with players like CircularPlace, companies can meet the challenges of CSR and seize opportunities for long-term value creation. By embracing CSR transformation, we can shape a world where businesses thrive while making a positive contribution to society and the planet.

CSR transformation: how can companies get involved?

Introduction

The importance of CSR transformation

Challenges and opportunities

Company size and perception of CSR

Communication and employee involvement

Innovation for CSR: CircularPlace

Towards a more sustainable future

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CSR transformation: how can companies get involved?

Introduction

The importance of CSR transformation

Challenges and opportunities

Company size and perception of CSR

Communication and employee involvement

Innovation for CSR: CircularPlace

Towards a more sustainable future

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