GDPR for Managers Part 5 of 5 : Personal Data Breach Notification (the 72-hour rule)
A personal data breach must be assessed quickly. If there’s a risk to people’s rights
Health and Safety Software » Health and Safety Software News » Legal Register » Corporate Social Responsibility: What It Is and Why It Matters
There are several ways that companies can practice CSR. Some common examples include:
CSR is important for several reasons. First, it can help companies to build a positive reputation and attract and retain customers, clients and employees. Second, it can help reduce the company’s environmental impact and improve its long-term sustainability. Third, it can contribute towards a more just and equitable society.
There is a wealth of evidence showing that CSR can be good for business. A study by the World Economic Forum discovered that companies with strong CSR practices are more likely to outperform their competitors financially. Another study by the Harvard Business Review found that companies with strong CSR practices are more likely to attract and retain top talent.
Of course, there are some challenges associated with CSR. It can be difficult to measure the impact of CSR initiatives, and it can be costly to implement them. Furthermore, some companies may view CSR as a distraction from their core business goals.
Despite these challenges, CSR is an important concept that is becoming increasingly important to businesses and consumers alike. Companies which choose to embrace CSR can build a stronger reputation, attract and retain top talent, and improve their long-term sustainability.
Specific examples of how companies are practicing CSR:
As CSR becomes increasingly important to businesses and consumers alike, we can expect to see even more companies taking steps to become more responsible.
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