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.