Shared Value vs. Corporate Social Responsibility
May 7, 2023
CSR is often seen as a way for businesses to offset their negative impacts on society. It can involve activities such as philanthropy, employee volunteering, and environmental initiatives. While CSR can be beneficial to society, it is often seen as a separate and additional cost to businesses.
CSV, on the other hand, is a more strategic approach to creating social and environmental value. It involves embedding social and environmental considerations into the core business model. This can lead to new products and services, new markets, and improved profitability.
A shared value strategy is a business model that creates value for both society and the company. It is a way of doing business that benefits everyone involved, from the company’s employees and customers to the communities in which it operates.
We believe that shared value is the future of business. We help our clients develop and implement shared value strategies that create a positive impact on the society while also driving sustainable growth.
How We Help
We start by understanding your company’s values and goals. Then, we work with you to identify opportunities to create shared value. We can help you:
- Develop new products and services that address social and environmental challenges
- Redesign your business operations to be more sustainable
- Invest in communities where you operate
- Engage your employees in social responsibility initiatives
For businesses, shared value can lead to:
- Increased profits
- Improved brand reputation
- Enhanced employee engagement
- Stronger relationships with customers and suppliers
- Greater access to capital
For society, shared value can lead to:
- Improved social and environmental outcomes
- Reduced poverty and inequality
- Increased access to education and healthcare
- A cleaner environment