CSR and corporate social responsibility

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It should also be noted that social ESG criteria should not be equated with the concept of CSR (Corporate Social Responsibility). Although at first glance the two ideas seem similar, there are differences. Although CSR also indicates the importance of corporate social responsibility, it is not standardised or formalised in any way. In practice, companies often undertake ad hoc charitable activities, mainly to warm up their image. Social ESG standards, on the other hand, require a company to integrate its social policy into the company's business strategy and provide measurable data in this regard as part of its ESG reporting.

Key areas of social phone code philippines responsibility

Considering the impact of companies on society may seem like a very broad and cumbersome topic. In practice, it boils down to a series of areas suggested by the various regulations on the subject. These include:



Working conditions refer to the rules and practices in the workplace that are intended to provide employees with a safe, healthy and conducive work environment. This includes physical working conditions as well as aspects such as remuneration, working hours, employee rights and opportunities for professional development.
Occupational health and safety - focuses on minimising workplace risks and preventing work-related accidents and illnesses. Businesses must use appropriate protective measures, provide regular training and comply with rules and regulations to ensure a safe working environment.
Workforce diversity and inclusion - means actively promoting the hiring of a diverse workforce in terms of gender, age, race, sexual orientation, religion, and other characteristics. Companies should strive to create a work culture where all employees feel accepted and respected, and where diverse perspectives are valued.