EC+10: Business, CSR and Green Economy Workshop
Over the past decade or so, the concept known as corporate social responsibility (CSR) has developed from a fringe interest associated with companies with particular links to the environment into a mainstream business activity adopted by major business houses around the world. Good CSR is about maximizing the company’s positive impact on the society, while maximizing returns. It is about using innovation to find creative and value-added solutions to societal and environmental challenges. With the growing importance of stakeholders, the concept of CSR has become inevitable for the success of a business unit.
With climate change being a major concern and the rise in carbon emissions, potential of environmental accidents, and huge consumption of both renewable and non-renewable resources, the role of industries and business to protect the environment is gaining more significance. How can a business unit help in environmental protection? The answer is tied up in the amount of energy it uses - and the contribution this energy use makes towards issues such as climate change. Today, it is extremely crucial for the business units to adopt usage of alternative energy and help in conservation of natural resources.