Corporate Social Responsibility
Corporate Social Responsibility is the continuing commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.
As an enterprise we believe CSR should be much more focused on operating the core business in a socially responsible way, complemented by investment in communities for solid business case reasons. This model is more sustainable because:
- Social responsibility becomes an integral part of the wealth creation process – which if managed properly should enhance the competitiveness of businesses and maximize the value of wealth creation to society.
- When times get hard, there is the incentive to practice CSR more and better – if it is a philanthropic exercise that is peripheral to the main business, it will always be the first thing to go when push comes to shove.
Sustainability is most often defined as meeting the needs of the present without compromising the ability of future generations to meet theirs. It has three main pillars: economic, environmental, and social. The environmental pillar is the most talked-about aspect of sustainability. Sustainability reporting can help organizations measure, understand, and communicate their economic, environmental, social, and governance performance, and then set goals, and manage change more effectively.
Recognizing how important CSR and Sustainability are to Society, Intercare Ltd. now focuses on and practices a few broad categories of CSR / Sustainability:
- Environmental efforts: One primary focus of corporate social responsibility is the environment. Businesses regardless of size have a large carbon footprint. Any steps they can take to reduce those footprints are considered both good for the company and society.
- Philanthropy: Businesses can also practice social responsibility by donating money, products, or services to social causes. Larger companies tend to have a lot of resources that can benefit charities and local community programs.
- Ethical labor practices: By treating employees fairly and ethically, companies can also demonstrate their corporate social responsibility. This is especially true of businesses that operate in international locations with labor laws that differ from one country to another.
- Volunteering: Attending volunteer events says a lot about a company’s sincerity. By doing good deeds with the sheer intention to do better for society, companies can express their concern for specific issues and support certain organizations.