Corporate Social Responsibility with Rishad Tobaccowala - Deepstash

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"As a customer I love Amazon, as a citizen I am uncertain"



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Corporate Social Responsibility

Corporate Social Responsibility

CSR is a very important aspect to consider, be you a new, starting business, or an established one. Rishad Tobaccowala talks about CSR in Business, & states that a company should start looking out for the citizen, not just the consumer. Companies need to realize they have power & the duty to do what is right for both. All consumers are citizens, but not every citizen is a consumer. Only following the money will lead to failure in the future. You can offer the greatest of deals, but, if you destroy the world you live in, your company is worthless. CSR should be taken seriously.


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How Can CSR Look Like?

How Can CSR Look Like?

CSR can be implemented in different methods. Be it helping the community, being more sustainable, or fair treatment towards your employees. Due to the Covid-19 Pandemic, Businesses are taking into consideration how they can implement their ideas in a safe but profitable manner. Different corporations have different rules & regulations. It is important to note that one must put in work for CSR to work properly, & to show sincerity. Citizens are not dumb, & understand what companies try to do. CSR can be seen when companies strive to be more sustainable, & listen to the people.


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Example Of CSR: HP

Example Of CSR: HP

For the last couple of years, HP has shown their innovation by changing the way their products are made. In 2019, understanding the troubled relationship that Earth has with Plastic, HP used over 1 million pounds of plastic that were ocean-bound, & recycled them into their new products. Saving then plastic & money, while at the same time helping the planet, HP demonstrated that they understood the role they play in society, & have used their voice, power, resources & responsibility to improve and innovate.


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