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PROCEEDINGS OF THE 9th INTERNATIONAL MANAGEMENT CONFERENCE “Management and Innovation For Competitive Advantage “, November 5th6th, 2015, BUCHAREST, ROMANIANS FROM ECONOMICS TO LAW AND ETHICS.
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01
Start by capturing all relevant financial data for the company. This includes income statements, balance sheets, and cash flow statements.
02
Analyze the financial data to identify key performance indicators (KPIs) such as profit margin, return on investment (ROI), and debt-to-equity ratio.
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Consider the social and environmental impact of the company's activities. This may involve assessing the company's carbon footprint, waste management practices, and community involvement.
04
Evaluate the company's stakeholders and their interests. This includes employees, customers, suppliers, shareholders, and the local community.
05
Develop a CSR strategy that aligns with the company's values and priorities. This may involve setting goals and targets for improvement in areas such as sustainable sourcing, employee well-being, and philanthropic initiatives.
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Implement the CSR strategy by integrating it into the company's operations and decision-making processes. This may require changes in policies, practices, and resource allocation.
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Monitor and measure the impact of the CSR initiatives over time. This includes tracking KPIs, conducting regular audits, and engaging with stakeholders for feedback.
08
Report on the company's CSR performance through a CSR report or sustainability report. This should include both quantitative data and qualitative information on the company's CSR activities and achievements.

Who needs csr from economics to?

01
Companies in the field of economics can benefit from having a CSR (Corporate Social Responsibility) program in place.
02
Large corporations that have a significant impact on the economy should consider implementing CSR initiatives.
03
Financial institutions, such as banks and investment firms, can use CSR to demonstrate their commitment to responsible business practices.
04
Government agencies and regulatory bodies can encourage and require companies in the economics sector to engage in CSR to promote sustainability and societal well-being.
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Consumers and customers are increasingly demanding that companies take social and environmental responsibility seriously, making CSR important for maintaining and attracting business.
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Non-profit organizations and NGOs working in the economics field can leverage CSR to enhance their credibility and attract funding.
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Employees and job seekers are more likely to be attracted to companies with a strong CSR focus, leading to better recruitment and retention in the economics sector.
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CSR in economics refers to Corporate Social Responsibility, which is the commitment of businesses to contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.
Businesses and corporations are required to file CSR reports in order to disclose their social and environmental impact.
To fill out a CSR report, companies need to gather information on their social and environmental performance, such as their greenhouse gas emissions, employee diversity, and community engagement initiatives.
The purpose of CSR in economics is to promote sustainable business practices and social responsibility, while also building trust with stakeholders and enhancing brand reputation.
CSR reports typically include information on a company's environmental impact, social initiatives, governance practices, and stakeholder engagement.
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