CSR is the acknowledgement by companies that they should be accountable not only for their financial performance, but also for the impact of their activities on society and the environment.
As a definition of CSR >>> The International Finance Corporation prefers: the commitment of businesses to contribute to sustainable economic development by working with employees, their families, the local community and society at large to improve their lives in ways that are good for business and for development.
-- Supporting Earthquake Relief Efforts -- Caring for China – Google China Social Innovation Cup for College Students
-- Tesco is committed to reducing its energy consumption and emissions of greenhouse gasses responsible for climate change. -- Tesco Ireland is committed to minimizing the amount of waste produced and to recycle it wherever possible.
-- Coca-Cola Using Recycled Plastic -- Coca-Cola to Plant One Million Trees to Stop Beijing Sand Storm
-- Microsoft Recruits, Hires and Accommodates People with Disabilities -- Microsoft Earmarks $41 Million in Software, Cash for Disaster Relief
-- Residential Care Projects for HIV/Aids orphans and vulnerable children -- Supporting projects that focus on the environmental issue surrounding water and bio-diversity
HSBC evaluates and selects these projects on a strict set of criteria. Projects must: -- Genuinely reduce the amount of carbon dioxide emitted -- Be cost-effective -- Establish long-term sustainable development benefits
<ul><li>- Joined the U.S. Climate Action Partnership </li></ul><ul><li>- 30% >>> targeted reduction in CO2 emissions from new U.S. and EU vehicles by 2020 </li></ul>
-- Supporting sustainable fisheries -- $60.9 million raised for children’s charities