Corporate Social responsibility (CSR) is defined as the responsibility of enterprises for their impacts on society1. Every organisation affects society in some way or another - positively and negatively. An organisation's operations can have a negative impact on the environment (e.g. noise, waste, pollution, etc) and it can make a positive contribution to society (e.g. providing donations or sponsoring training and education). Many organisations are taking steps to reduce the negative impact and increase the positive contribution because it is good for business. Corporate responsibility initiatives refer to companies' efforts that go beyond what may be required by regulators and legal obligations.
There is increasing awareness about the importance of CSR as regulators, customers, NGOs and other stakeholders are expecting organisations to become accountable for their actions. Moreover, companies are realising that such behaviour can result in cost reduction (for example a reduction in energy consumption through the introduction of energy efficiency measures contributes to lower costs incurred on utility bills).
We would like to gauge the level of awareness about CSR in Malta. The aim of this survey is to assess the importance that organisations are attaching to CSR considerations, their degree of awareness and also the initiatives/ measures (if any) that companies are implementing to reduce their impacts on society and the environment.
Depending on the degree of feedback received, we intend to analyse the findings and provide information to further increase awareness about CSR and about the opportunities it brings to organisations.
1. COM(2011) 681 final: Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: A renewed EU strategy 2011-14 for Corporate Social Responsibility.
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