Corporate Social Responsibility: what are we talking about?

More and more companies are aware of their environmental impact, and are taking actions in favor of the planet or for societal causes. We also speak of CSR to designate this Corporate Social (or social) Responsibility.
What are the main principles of this, and what regulations in this area?

An awareness of its impact on the planet

One of the major pillars of CSR will be the environment. CSR commitments will help reduce the impact of its activity on the planet. A Distributor of Specialty Ingredients may, for example, turn primarily to more environmentally friendly carriers and find ways to reduce waste. A company that produces goods can ensure that it limits the use of substances harmful to the air and soil.

Actions with a social purpose

The second major pillar of CSR occurs at the social level. A company that is committed will deploy what it takes to improve working conditions in terms of well-being and promote equal opportunities and parity. The right to training is also very important and many companies with CSR commitments allow their employees to train throughout their career. Generally speaking, the social pillar of CSR focuses on respect for human beings and ethics, particularly with regard to its employees.

Supporting a circular economy

The third pillar of CSR is that on the economy. Indeed, following CSR commitments for a company obviously presupposes being able to continue its commercial activity, and therefore succeed in combining economic performance with respect for people and their environment. Also, by making commitments in favor of CSR, a company aims to favor local producers and suppliers, deploy fair pricing for all and ensure transparency with its financial partners.

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CSR and regulation with the pact law

The Pacte law (or Action Plan for Growth and Transformation of Companies) has enriched the Civil Code with the aim of encouraging companies to, on the one hand, become aware of the issues linked to CSR, and On the other hand, guide their decisions in this direction.
Also, this law now requires companies to take into account the various environmental and social issues directly linked to the exercise of their commercial activity.
The Pacte law also allows companies that wish to have an officially established reason for being, particularly in the company’s statutes. This will strengthen the company’s values ​​and help it follow a path, a precise objective during the strategic decisions of managers.

This law also has a new status, namely the mission company, which a company is free to adopt or not.

Embark on a CSR approach

Any company can, regardless of its size or sector of activity, embark on a CSR approach. It will be able to define a reason for being to highlight its various commitments in favor of the environment or for other causes, such as social ones for example.