Due to significant growth in the industry, no business strategy is now complete without proper consideration of corporate social responsibility. A company’s CSR policy should function as a self-regulating process which promotes actions leading to some form of social good, beyond the interests of the firm.
CSR doesn’t have to be confined to the donation of money and can include a range of staff volunteering or mentor schemes. Such policies not only benefit communities and charitable organisations but can also help enhance a company’s name and influence within an area.
At Milford & Dormor Financial Planning Financial Planners, we can help in the development of an effective CSR policy. This may involve ‘matching’ businesses with locally based charitable organisations to form long lasting relationships.