Transforming corporations

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Written by Erik Assadourian

Corporate social and financial performance correlate for many reasons.  First, by shrinking waste output and production inefficiencies, companies can reduce both environmental impacts and overall costs--and in the process increase competitiveness.

     Second, responsible companies often prosper because they are able to attract and retain a higher-quality workforce.

     Third, responsible companies benefit in the marketplace, enjoying improved reputations for being good to their workers, ecofriendly, or philanthropic.

     A fourth benefit is that responsible corporations can reduce three other forms of risk as well--being subjected to new regulations, being pressured to change policies by concerned investors, and being affected by increasing business costs. 

     Fifth and finally, being a responsible company is providing increased access to completely new markets.

Erik Assadourian, State of the World 2006, pp.173-175.

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