Corporate social responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple-bottom-line- approach”), in this sense it is important to draw a distinction between CSR, which can be a strategic business management concept, and charity, sponsorships or philanthropy. Even though the latter can also make a valuable contribution to poverty reduction, will directly enhance the reputation of a company and strengthen its brand, the concept of CSR clearly goes beyond that.
Economic responsibility refers to the practice of making financial decisions based on a commitment to doing good. Some common examples of economic responsibility include investing in alternative energy sources, putting more money into education programs and funding local charities as a way of bolstering their mission.
Corporate Environmental Responsibility is a branch of Corporate Social Responsibility, where a business is said to have a duty to improve the area in which it conducts business. Corporate Environmental Responsibility is a business’ duty to abstain from damaging natural environments. Further, a company’s corporate environmental responsibility could be defined as their duty to mitigate the environmental damage that comes from business operations, or find innovative ways to drive positive, environmental change derived from their business operations.
Support Green Companies
A great way to ensure that you have a positive environmental initiative is to support businesses who also prioritize the environment. When working with vendors, try to find ones that have environmental initiatives of their own.
Reduce Office Energy Usage
One environmental initiative can be to reduce energy consumption in the office. This can range from putting lights on a timer, switching to LEDs, lowering the heating/air conditioning amounts, and establishing a practice of turning off all equipment in the evenings.
Move Your Office to Paperless.
In our digital world, it is increasingly easy to reduce paper consumption. You can implement cloud storage and promote sharing digital documents to reduce the paper consumption in your business.
Establish a Recycling Program
Recycling is an important environmental initiative. Train your employees on the recycling program to significantly reduce how much waste ends up in landfills.
Pankaj Refoils Pvt Ltd nd its board of directors feels important to help needy in every means, economically, socially and financially and are very involved through there trusts.
A trust was formed in the name and loving memories of our pioneer member Mr. Himmatmal Gandhi to help needy animals for their food, medical treatment and shelter homes.
Shree Guru Gautam charitable and religious trust, A trust was formed under the instruction Mr. Manoj Bohra, father of our director Mr. Akshay Bohra to give free medical help to poor and needy patients, giving medicinal, food and shelter help.