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How to Implement CSR:
- First, establish a CSR management system by creating the necessary policies, operational action plans and reporting mechanisms for activities that span all CSR themes. It is important that these policies are defined, have adequate resources for implementation, and have relevant KPIs to enable the tracking of progress and reporting of results.
- Next, gain the support of executive-level management to ensure the policies are communicated throughout the company.
- After that, task a CSR expert at the decision-making level with managing policy development and implementation.
- Then, spend time developing relationships with all stakeholders (shareholders, employees, non-governmental organizations, partners, customers, etc.).
- Lastly, integrate these policies into regular reporting cycles and channels.
Benefits of Successful CSR Implementation:
- Better anticipation and management of risk;
- Improved reputation and brand image management;
- Market positioning, improved innovation, and competitiveness;
- Operational cost savings;
- Improved ability to attract and build effective and efficient supply chain relationships;
- Improved relations with regulators and compliance with environmental and social legislation.
The EcoVadis Assessment and Scorecard will provide your company with a thorough understanding of its management system, strengths and areas for improvement.