More and more entrepreneurs, including those not covered by the DSRG requirements, recognize the benefits of implementing ESG strategies, such as the positive impact of sustainability on the phone code philippines company brand . A very important part of ESG are the social criteria represented by the letter S (Social) abbreviated ESG, which directly concern people, society. An appropriate corporate social policy can have a long-term positive impact on people's quality of life and professional well-being.
What does corporate social responsibility mean?
The social dimension of ESG is inextricably linked to the concept of corporate social responsibility. The idea is that companies take into account social interests in their operations and refers to how the company affects the people in its environment . Specifically, these are stakeholders that include: employees, customers, suppliers or local communities.
By taking into account social criteria, companies contribute to creating the right conditions for sustainable economic and social development. Thus, it can be said that corporate social responsibility is a concept that involves taking into account the relationship between two spheres - business and society - so that the organization is responsible for the impact of its decisions and actions in the aforementioned area.