Audit social and environmental performance. Corporate Social Responsibility encompasses a company's commitment to operate in an economically and environmentally sustainable manner, while acknowledging the interests of a variety of stakeholders. Corporate social responsibility is determined by an organization's policy and continuous action in such areas as employee relations, diversity, community development, environment, international relationships, marketplace practices, fiscal responsibility and accountability. More and more consumers are looking for companies to demonstrate progressive corporate social performance. Companies fostering mutually beneficial relationships with all their stakeholders look forward to long-term sustainability and success.
Healthy communities enhanced by socially responsible companies promote stable economies.
Research conducted at the Canadian Centre for Social Performance and Ethics at the University of Toronto indicates that, over the longer term, companies that rate highest on ethics and corporate social responsibility are the most profitable. These findings have also been demonstrated in similar research in the United States. CSR involves a company's commitment to do business in ways that preserve or enhance, not harm the surrounding community, their employees the environment and the economic system. Sustainability and community health have never been more important and corporations are recognized as an integral part of community. Consumers are asking questions about how today's companies do business.