Corporate Social Responsibility (CSR)

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Hello everyone,

in the last english lesson we were listening to some interviews. The topic of it was "Opinions about CSR differ". Six speakers gave their statements on CSR.
I want to summarize the main points which were stated, then I will give you some information of the importance of this topic in Austria and at the end I will give you my opinion on this topic.

The main point the speakers mentioned in their statements was that CSR can have many positive impacts on a business but isn't an option for every company. If a business is too busy surviving hard times, they won't afford to focus on spending money or attracting talented employees.
It is also mentioned that there are several ways in which CSR can help companies to reduce their costs or improve profits, e.g. reduce the use of energy and fuel or having lower bills to save some money.
One speaker said that being socially responsible could be damaging to a company in the global marketplace. The reason for this is that cleaning up the environment, ensuring product safety or donating many or time for welfare issues can raise the company costs.

In Austria CSR is also an important topic. Areas in which CSR measures take effect are, for example environmentally friendly production processes, human and family-friendly working conditions and the support of social projects. The solution of environmental, social and economic challenges lies at the center of business activities in Austria. Entrepreneurial activity is driving societal innovation. Therewith, Austrian companies are nationally and internationally successful.

Let me give you my opinion on this topic. It's hard for me, though because I've never really dealt with this topic before. I have never really cared if I buy products that are subject to CSR regulations or not. But CSR seems to be a huge topic in today's world. For companies it has become vital to integrate social responsibility into day-to-day business to do good and make money at the same time. 

Thank you for reading my blog entry, I hope you got enough information about CSR. Let me know your opinion about this topic and I wish you great easter holidays!