BritCham S&R Panel: Corporates for Social Enterprise
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What is Sustainability and Responsibility?
Sustainability and Responsibility encourages organisations to take responsibility for the impacts of their actions and operations. This responsibility goes beyond simply legal and statutory obligations and extends to a voluntary effort to improve the quality of life for employees, the local community, and society. Additionally, this responsibility often extends to the environment and other protectable interests.
Why is it important?
Sustainability and Responsibility is important because it ensures that companies take a proactive role towards ensuring that their business policies and practices do not harm others' interests. Organisations which actively practice This brings greater benefit to the communities in which they operate.
There is a strong business case for Sustainability and Responsibility, in that corporations benefit in multiple ways by operating with a perspective broader and longer than their own immediate, short-term profits.