Over time, the relationship with business and society continues to evolve. Increasingly business recognizes that its purpose is more than profit. The expectations is that business contributes to - rather than detracts from - the well being of all its stakeholders. As consultants consider the ethics of their relationships with clients, as well as how to guide clients on ethical conduct, the embrace of Corporate Social Responsibility makes it easier to understand and practice.

Corporate Social Responsibility is often confused as charitable giving. In fact, philanthropy is just one of several elements that make up CSR. CSR encompasses the relationships an organization has with all its stakeholders: employees, contractors, clients, partners, community members, investors, and vendors. In addition to philanthropy and volunteerism, it includes nurturing a diverse and inclusive workforce and assuring environmentally sustainable operations.

Investors and many corporations also refer to ESG (environmental, social and governance). What’s the difference? ESG is the measurement and management framework for a company’s CSR activities that the investing community developed. In order for impact investors to select companies in their portfolio, they consider ESG ratings to determine if they’re a fit with their values and if they have a shareholder advocacy position.

From whistleblower rules to waste disposal, the landscape of CSR is vast and full of ethical scenarios. Once the compliance function that marries to corporate purpose, ethical policies will become more proactive than reactive.

Audience Takeaways:

• Understanding how business ethics can be defined, illuminated, and supported through a company accepting its social responsibility
• What are CSR, ESG, and other acronyms. 

• How consultants can self examine their own practices for its positive and negative impacts on people and the planet.

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