a CSR and Sustainability by John Jezzini | May 10, 2022 | Corporate & Cultural Responsibility, John Jezzini
Corporate Social Responsibility (CSR) is an action by a corporate to improve its relationship with the community. Another purpose of CSR is to impart positive di몭erences in the community. Many companies try balancing community responsibility in their CSR with sustainability. For instance, the Ford car industry merges CSR and sustainability by counteracting damage their industry causes to the environment. Patagonia, a clothing brand, is another example with a corporate model focusing on reducing carbon footprint and recycling. Patagonia Founder Yvon Chouinard calls it “a holistic approach to business” by taking care of most damage while involving the customer. The company encourages customers to repair equipment and clothing so that purchases only happen when necessary. Patagonia’s target is to educate customers to take responsibility for the environment and community. CSR Ties to Philanthropy CSR allows companies to make a di몭erence in the community. They use some of the funds from pro몭ts for CSR programs. They invest the funds in the nonpro몭t sector to promote positive changes within the community. Corporations have higher funding than nonpro몭ts. They can become change agents because they in몭uence the economy.