The importance of an effective CSR policy

Many companies today have corporate social responsibility policies - it has become an increasingly necessary part of any modern and forward-thinking business. But why is it so important for companies to make this kind of commitment? What are the benefits of taking this approach, and dedicating so much resource to this kind of investment? Doing the right thing "First and foremost, here at Midwestern Oil and Gas we invest in our corporate social responsibility programme because it is simply the right thing to do," says our Chairman, Mr Onajite Okoloko. "As human beings, we have a responsibility to make sure that we use the rich resources that are available to us as a successful business and to try and use them for the benefit of the many, not just the few. Our corporate social responsibility work is one way in which we do this." But beyond it being the morally right thing to do, what are the practical benefits of having an effective...
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