Compliance Silos Are Risky Business

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Corporate Social Responsibility (CSR) has become an increasingly important topic to global organizations looking to have a positive impact on the world around them and generate a competitive advantage. Here at Skillsoft, we’re examining the impact of our existing CSR efforts and refocusing on initiatives that will truly move the needle ... more on that later!
Last month, we shared an overview of CSR – including what it is and why your organization should care – and introduced our first-annual CSR survey. Our goal is to help organizations around the world to benchmark their CSR progress so we can all have a more informed picture of the CSR landscape moving forward.
We believe that the resulting report will be a useful tool for any organization – whether you are just starting to examine your CSR efforts or you are further along in your efforts. But in the meantime, we wanted to take a look at some solid examples of companies who are sharing their corporate responsibility efforts and results. We are proud to work with many of them.
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With any type of CSR initiative, transparency is key to accountability in setting and meeting goals. After all, getting stakeholders, employees, vendors, and others on board with your CSR efforts require them knowing about those efforts – and in many cases, help to carry them out.
Publishing an annual CSR report is one of the main ways that organizations share their progress in CSR – and help to communicate key information about their corporate culture, commitment to employees’ mental health, and social responsibility efforts.
For many organizations, CSR initiatives have helped to highlight how their operations impact the world around them – employees, shareholders, community, and environment. In fact, many job seekers look to an organization’s CSR initiatives as an indicator of corporate culture.
Here are some statistics you might find interesting:
Take a look at some excerpts from top organizations’ recent CSR reports that point to their strong corporate culture and commitment to the people and communities around them:
“In business, we keep score with money. But business isn’t about money — it’s about people. And people long for something way bigger than just money. I’m so proud and thankful to be on a team with associates and owners who continue to use their business success as a springboard to be significant in their communities.” Ace Hardware President and CEO John Venhuizen
“When our founders opened the first Home Depot store, they did so with a well-defined culture. More than 40 years later, our eight core values and our commitment to put customers and associates first are still the lens through which we view every decision. So, running a responsible and sustainable company is foundational to our business. Doing our part creates value for all of our stakeholders.” Craig Menear, Former Chairman and CEO, Home Depot
Emotional wellness initiatives are a popular method for increasing employee engagement and work satisfaction – and many organizations are embracing them. Understanding how to manage stress on your team and educating your entire organization on mental health best practices is one important way to improve morale and make your workplace a safe, welcoming place for all employees.
Consider these statistics:
One important way to build a safe and inclusive workplace is to take strides to prevent workplace harassment. At a very minimum, effective training should encompass three areas:
Corporate social responsibility efforts often revolve around the idea of “doing good.” How is your organization – and its employees, stakeholders, customers, and others – taking responsibility for the world around it? How does it hold itself accountable?
Consider these statistics:
More and more of the organizations we work with at Skillsoft are focusing on the idea of taking responsibility and doing good.
For employees, a global code of conduct can help to:
For employers, a global code of conduct can help to:
We are increasingly impressed at the level of transparency the companies in our sphere are offering to the world at large. Publishing an annual CSR report is an effective way to showcase your organization’s efforts, and to benchmark them from year to year.
How is your organization approaching its CSR efforts?