CEOs now more conscious about corporate social responsibility

 In a recent article I read in The Economic Times, the article discusses how businesses, specifically CEO’s, are looking into more practices and CSR events to do throughout their businesses. In the article it discusses how the upcoming government directive wants companies to spend 2% of their net profits on CSR activities and to really discuss more deeply into these events. I think that it is very important for companies to do this because it really creates an image and brand for the business and it’s also how the public views your company. I think this is a great idea for companies to spend at least 2 % on CSR activities because if all companies do this, it will make the social and environmental factors of our business world much better. Right now I believe that not all companies are doing CSR activities and are not investing the time and money into them.                                                            

                                                                                                                                                                            

 

This chart above was recently done in 2012 and it shows the top ten reputable companies in the each country and what they spend on CSR activities. As you can see Microsoft spends the most on CSR, at 904 million. Walt Disney and Daimier are right behind Microsoft in CSR spending. There are four and almost five companies in the top ten rankings that hardly spend any money on CSR activities. I know that these companies have a good image as it already is, but if they took the time and spent at 2 % of their net profit on CSR activities, which isn’t a lot, then it would help our environment and workplace out in a great deal.  

      http://articles.economictimes.indiatimes.com/2013-01-29/news/36616989_1_profit-on-csr-activities-social-responsibility-social-entrepreneurship

Brandon York    

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