Liquid Telecom Corporate Social Responsibility Strategy Proposal ‘Lasting and effective answers can only be found if business-working together with other actors including government and civil society-are fully engaged,’ Kofi Annan. All the actions that we make today will affect everything and everyone in future generations. Therefore as part of society it is also then in the interest of all businesses to contribute in addressing social, economical and environmental issues faced by society.
A business can only flourish when society and its ecosystems are healthy. Therefore, again any, business needs to recognize that it is in its own interest to be socially responsible.
So how does this fit in Liquid Telecom bigger picture?
Succinctly put, …show more content…
The goal of sustainability may require a longer timeline on the Return of Investment (ROI) but once the initial investments are made, this may actually lead to increased profitability.
2. Philanthropy
This is giving back to the community; this would involve donating to charities or simply offering internships and mentorship to local communities.
3. Ethics and Corporate Behaviour
This requires that Liquid Telecom as a business and as a citizen to understand its responsibilities need to include all stakeholders including employees, customers suppliers, the society, regulators and state. It starts from within, by treating employees fairly and ethically, this demonstrates and proves that it is socially conscience and willing to be kept accountable.
Implementing the CSR Plan
There is no ‘one size fits all’ approach to CSR implementation, though the starting point can be to focus on CSR activities already being engaged in by the LTK team as well as intergrating the firms guidelines.
Further, here’s a CSR checklist that can also be used to review LTK role in society.
How can LTK participate in CSR
A business can only flourish when society and its ecosystems are healthy. Therefore, again any, business needs to recognize that it is in its own interest to be socially responsible.
So how does this fit in Liquid Telecom bigger picture?
Succinctly put, …show more content…
The goal of sustainability may require a longer timeline on the Return of Investment (ROI) but once the initial investments are made, this may actually lead to increased profitability.
2. Philanthropy
This is giving back to the community; this would involve donating to charities or simply offering internships and mentorship to local communities.
3. Ethics and Corporate Behaviour
This requires that Liquid Telecom as a business and as a citizen to understand its responsibilities need to include all stakeholders including employees, customers suppliers, the society, regulators and state. It starts from within, by treating employees fairly and ethically, this demonstrates and proves that it is socially conscience and willing to be kept accountable.
Implementing the CSR Plan
There is no ‘one size fits all’ approach to CSR implementation, though the starting point can be to focus on CSR activities already being engaged in by the LTK team as well as intergrating the firms guidelines.
Further, here’s a CSR checklist that can also be used to review LTK role in society.
How can LTK participate in CSR