6.0 benefits outlined here, businesses that adopt CSR

6.0 Demonstrate 
some  areas  for 
improvement  in  the  response 
of  the  PwC. 
If  you  consider 
it  not  possible 
and  appropriate  to 
suggest  areas  for 
improvement, justify your position.

Corporate social
responsibility isn’t just a convenient public relations tool, it’s a vital
component for succeeding in the modern business world. Effective corporate social responsibility can improve your
operations, boost the morale of your people, and even help you to cut costs and
stay competitive with your corporate peer’s employee become more
productive, CSR makes customers think more highly of you, additionally its improved
access to capital. The PwC committed to contributing to the achievement of
millennium development goals and to the reduction of global threats. The company
concentrate on specific issues, sometimes with an increased focus on particular
issues on a regional basis. However, to define their Corporate Social Responsibility
and industry related strategic issues. These might include the empowerment of
communities, the role of women in the workplace, energy issues, the digital
divide, the end of life of their products, Health & Safety and public
health, mobility or other specific social challenges.

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https://www.pwc.com/gx/en/sustainability/assets/sbsmarkets.pdf  p.90

 

7.0
Conclusion

While it is valuable for a
company to engage in CSR for altruistic and ethical justifications, the highly
competitive business world in which we live requires that, in allocating
resources to socially responsible initiatives, firms continue to consider their
own business needs.

In the last decade, in
particular, empirical research has brought evidence of the measurable payoff of
CSR initiatives on firms as well as their stakeholders. Firms have a variety of
reasons for being CSR-attentive. But beyond the many bottom-line benefits
outlined here, businesses that adopt CSR practices also benefit our society at
large.