A:

As pressure is added by consumers seeking to make more responsible choices and by the constraints of ever-dwindling natural resources, more companies are incorporating sustainable strategies and adopting more socially responsible practices. The top trends in the area of corporate social responsibility include increased transparency, investment in green technologies, local community and employee engagement, and recognition of economic inequality.

Demands for Disclosure

Partly in response to heightened regulatory oversight, partly as a result of ever-increasing availability of almost instantaneous information and partly due to consumer and shareholder demands, companies are becoming more transparent in their operations. As part of a business model that embraces corporate social responsibility, companies are sharing more environmental, social and governance disclosures.

Creation of New Resources

Gone are the days of rampant resource usage without any accountability or thought toward replenishment. As available natural resources are rapidly depleted, rather than simply moving on to the next source of materials, fossil fuels and cheaply available labor, socially responsible companies are investing in green technologies and developing alternative resources.

Global Companies Acting Locally

Even companies that operate on a global level are recognizing the value of local markets and supply chains. Also, corporate social responsibility initiatives actively attempt to engage in activities that benefit local communities as well as produce profits for the corporation. Related to these efforts are attempts at engaging employees. Micro-volunteerism is an emerging trend that allows employees to volunteer their efforts and make positive contributions with minimal time commitments.

Investing in Employees

As the issue of economic inequality rises to the forefront of many political debates, so does the issue increasingly press upon corporations. Recognition of inequalities in pay and economic burdens of employees is a trend in more progressive companies. Raising the pay rates of the lowest earning employees is one of the top trends in corporate social responsibility.

RELATED FAQS
  1. Why is social responsibility important to a business?

    Socially responsible companies improve their brand, attract and retain top talent, and improve relationships with their customers ... Read Answer >>
Related Articles
  1. Investing

    When Socially Responsible Investing Hurts

    Socially responsible investing can make you feel good but it may not boost your returns.
  2. Managing Wealth

    Go Green With Socially Responsible Investing

    Find out how morals and ethics can bring you a surprising return.
  3. Financial Advisor

    Talking to Clients About Socially Responsible Investing

    Many clients are asking their advisors about socially responsible investing options. Here are some of the questions advisors should be ready to answer.
  4. Retirement

    Who Can Really Help at Your Local Social Security Office

    Many calls to Social Security end in frustration. It doesn't have to be that way.
  5. Trading

    The Power Of Social Media: Influencing Trading And The Markets

    Check out the growing power of social media, and how it is being used to predict and influence investment markets.
  6. Retirement

    8 Types of Americans Who Won't Get Social Security

    Most Americans eventually get Social Security retirement benefits. Those who don't need a solid Plan B.
  7. Retirement

    How to Fix an Error on Your Social Security Check

    For many seniors, social security benefits checks are their income stream which means the benefit has to be correct. If you spot an error, you can fix it.
  8. Retirement

    Introduction to Social Security

    You've probably contributed to this fund, but will you reap the benefits? Find out here.
RELATED TERMS
  1. Socially Responsible Investment - SRI

    Socially responsible investing looks for investments that are ...
  2. Social Good

    A social good is an act that benefits the largest number of people ...
  3. Social Impact Statement

    A social impact statement is a company's account of how its operations ...
  4. Social Enterprise

    A social enterprise is a commercial organization that has specific ...
  5. Social Audit

    A social audit refers to a formal review of a company's endeavors ...
  6. Social Security Benefits

    Social security benefits are funds paid to retired workers who ...
Trading Center