What is Corporate social responsibility (#CSR) ?

Servier

10 Oct 201903:23

Summary

TLDRThe video script discusses the importance of Corporate Social Responsibility (CSR) in addressing global environmental and social challenges. It emphasizes the need for a sustainable approach involving all stakeholders, including international organizations, governments, and companies. A company's role in CSR is highlighted, focusing on economic growth that benefits all stakeholders while minimizing environmental impact. The example of a pharmaceutical company is used to illustrate responsible practices, such as providing safe medicines, supporting patients, ensuring employee safety, and reducing environmental pollution. The script concludes by encouraging individuals and organizations to participate in CSR, viewing it as a driver for innovation, cost reduction, and meaningful projects.

Takeaways

🌏 **CSR Definition**: Corporate Social Responsibility (CSR) is about a company's commitment to combine economic progress, social justice, and environmental preservation.
🌱 **Environmental Challenges**: Real environmental issues like the extinction of species, global warming, and resource depletion are addressed through CSR.
📈 **Global Impact**: CSR is a response to global challenges like population increase and migration, aiming to ensure food, education, and health for all.
💼 **Economic Development**: CSR ensures that economic growth and technological progress benefit the greatest number of people.
🔄 **Sustainable Approach**: Companies adopting CSR aim for sustainable development, balancing profitability with social and environmental concerns.
👥 **Stakeholder Inclusion**: All stakeholders, including suppliers, employees, customers, and the local population, benefit from a company's CSR efforts.
💊 **Industry-Specific Actions**: Companies in different sectors, like pharmaceuticals, take specific actions to ensure safe and quality products and support patient needs.
🛠️ **Employee Care**: CSR involves taking care of employees, ensuring their safety, and compliance with laws and ethical business practices.
🌳 **Environmental Responsibility**: Companies reduce environmental impacts by choosing less polluting modes of transport and reducing emissions from production sites.
🚀 **Performance Driver**: CSR is recognized as a performance driver that encourages innovation, reduces costs, and fosters a sense of purpose among employees.
🌟 **Individual and Collective Action**: Both individuals and collectives can contribute to CSR, making it a part of everyone's daily activities.

Q & A

What does Corporate Social Responsibility (CSR) mean?
-CSR refers to a company's commitment to conducting business in a socially responsible manner. This involves ensuring economic growth benefits all stakeholders while minimizing environmental impact and promoting social justice.
What are some of the global challenges mentioned in the script?
-The global challenges mentioned include the extinction of animal and plant species, global population increase, migration, food security, access to education and healthcare, and the need for sustainable development.
Why is a sustainable development approach important according to the script?
-Sustainable development is important to address global challenges such as environmental degradation and social inequality, while ensuring that economic and technological progress benefits the greatest number of people.
Who is responsible for implementing sustainable development practices?
-Sustainable development requires the commitment of international organizations, governments, associations, companies, and citizens—essentially, everyone is responsible for contributing to this goal.
What role can a company play in addressing global social and environmental issues?
-A company can contribute to addressing global issues by ensuring that its economic growth benefits all stakeholders, minimizing its environmental impact, and adhering to ethical business practices.
How can a pharmaceutical company practice CSR?
-A pharmaceutical company can act responsibly by offering safe and quality medicines to as many people as possible, supporting patients throughout their healthcare journey, and ensuring its production processes minimize environmental impact.
What are some ways companies can be responsible towards their employees?
-Being responsible to employees means ensuring their safety at work, complying with labor laws and regulations, and fostering a supportive and ethical work environment.
How can companies reduce their environmental impact?
-Companies can reduce their environmental impact by adopting less polluting modes of production and transport, and by implementing sustainable practices in their operations.
Why is CSR considered a performance driver for companies?
-CSR is seen as a performance driver because it encourages innovation, reduces costs, strengthens stakeholder relationships, and brings employees together around meaningful projects.
What is the ultimate ambition of a responsible company?
-The ultimate ambition of a responsible company is to contribute to economically efficient, socially equitable, and environmentally sustainable development while ensuring profitability and growth.

Outlines

00:00

🌿 Corporate Social Responsibility (CSR)

The paragraph discusses the concept of Corporate Social Responsibility (CSR) and its significance in addressing pressing environmental and social issues. It highlights the need for a sustainable approach to development that involves commitment from international organizations, governments, associations, companies, and citizens. The paragraph emphasizes that companies should aim to combine economic growth with social justice and environmental preservation, ensuring benefits for all stakeholders while minimizing negative impacts on the planet. It also mentions that CSR is now recognized as a performance driver that encourages innovation, reduces costs, and fosters a sense of purpose among employees.

Mindmap

Keywords

💡CSR

CSR stands for Corporate Social Responsibility, which refers to the commitment by companies to consider social, environmental, and economic factors in their operations and decision-making processes. In the video, CSR is emphasized as a key driver for companies to ensure their growth benefits all stakeholders, including employees, customers, and the environment. It's highlighted as a way to address global challenges like environmental degradation and social inequality.

💡Global Ruling

Global ruling refers to the governance and control mechanisms that operate on an international scale. The script mentions 'global ruling' in the context of how international organizations and governments must work together to address environmental and social issues. It implies the need for a coordinated global effort to ensure sustainable development.

💡Dominion Natural Resources

This phrase likely refers to the management and control over natural resources. In the transcript, it is used to illustrate the responsibility of companies to use these resources responsibly and sustainably. It ties into the broader theme of environmental preservation within the concept of CSR.

💡Extinction

Extinction is the state of a species ceasing to exist. The script mentions the extinction of various animal and plant species as one of the environmental issues faced today. It underscores the urgency of CSR practices to prevent further biodiversity loss and protect ecosystems.

💡Global Population Increase

This term refers to the ongoing growth of the world's population. The video script links this to environmental and social challenges, such as resource scarcity and inequality. It suggests that CSR can play a role in mitigating the negative impacts of population growth by promoting sustainable practices.

💡Migration

Migration is the movement of people from one place to another, often due to economic, social, or environmental factors. In the context of the video, migration is highlighted as a social issue that companies can address through their CSR initiatives, such as by providing employment opportunities or supporting social integration.

💡Sustainable Development

Sustainable development is a development approach that meets the needs of the present without compromising the ability of future generations to meet their own needs. The video emphasizes the necessity of a sustainable development approach in CSR, which involves balancing economic growth with social equity and environmental conservation.

💡Stakeholders

Stakeholders are individuals or groups who have an interest or stake in a company's actions and decisions. The script mentions that a company's economic growth should be beneficial to all its stakeholders, including suppliers, employees, and the local population. This highlights the broad impact a company can have through its CSR initiatives.

💡Economic Progress

Economic progress refers to the growth and development of an economy. The video script discusses how companies can ensure their economic growth is beneficial to everyone, which is a key aspect of CSR. It implies that companies should not only pursue profits but also consider the well-being of society and the environment.

💡Social Justice

Social justice is the fair and just relationship between the individual and society. The video script connects social justice to CSR, indicating that companies should work towards ensuring their practices lead to fair outcomes for all members of society, not just a select few.

💡Environmental Preservation

Environmental preservation refers to the protection and conservation of the natural environment. The script mentions that companies can minimize their environmental impact as part of their CSR efforts. This could include reducing pollution, conserving resources, and promoting sustainable practices.

💡Pharmaceutical Company

A pharmaceutical company is a type of business that focuses on the research, development, and distribution of drugs and medicines. The video script uses a pharmaceutical company as an example of how businesses can act responsibly by providing safe and quality medicines to as many people as possible, which directly relates to the theme of CSR and its impact on society.

Highlights

Discussing the meaning of CSR (Corporate Social Responsibility).

Linking CSR to global issues like environmental challenges and social injustices.

The need for a sustainable development approach involving all stakeholders.

The role of companies in addressing social and environmental issues.

How companies can ensure economic growth benefits all stakeholders.

The importance of minimizing a company's impact on the planet.

The example of a pharmaceutical company acting responsibly.

Offering safe and quality medicines to as many people as possible.

Supporting patients throughout their healthcare journey.

Ensuring employee safety and compliance with laws and regulations.

Defining ethical business practices.

Reducing environmental impacts and choosing less polluting transport modes.

The ambition of a responsible company to contribute to sustainable development.

CSR as a performance driver that encourages innovation and cost reduction.

The collective responsibility of individuals and organizations in CSR.

The inspiring nature of CSR as a conviction leading to concrete actions.

The music signifies the end of the discussion on CSR.