Corporate social responsibility (CSR) refers to companies taking responsibility for their impact on society. MISE believes that CSR is important for the sustainability, competitiveness, and innovation of enterprises and the economy. It brings benefits for risk management, cost savings, access to capital, customer relationships, and human resource management.
What is CSR?
TRL believes that CSR can be defined as the responsibility of enterprises for their impact on society. CSR should be company led. Public authorities can play a supporting role through a smart mix of voluntary policy measures and, where necessary, complementary regulation.
Companies can become socially responsible by:
- following the law
- integrating social, environmental, ethical, consumer, and human rights concerns into their business strategy and operations.
Why is CSR important?
In the interest of enterprises – CSR provides important benefits to companies in risk management, cost savings, access to capital, customer relationships, HR management, and their ability to innovate.
In the interest of the economy – CSR makes companies more sustainable and innovative, which contributes to a more sustainable economy.
In the interests of society – CSR offers a set of values on which we can build a more cohesive society and base the transition to a sustainable economic system.
MISE Strategy on CSR
MISE promotes CSR in its daily operations where international guidelines and principles applies.
Guidelines and Principles that the MISE’s CSR strategy is built upon:
United Nations Guiding Principles on Business and Human Rights