We are often asked about our status: Do we trade ethically? Does our company have an ethical policy?
Recently, major companies have realised that they have a wider responsibility to the communities in which they work, and that much has changed in society’s view of them over the past few years.
Today there are many perspectives to corporate social responsibility. Broadly defined, CSR is the acknowledgement by companies that they should be accountable, not only for their financial performance, but also for the impact of their activities on society and/or the environment. Striking this balance is all-important.
One example of social irresponsibility this year has been the financial collapse of MG Rover. The list of stakeholders affected by the company’s collapse makes for painful reading. It shook the foundations of the local community, cost people their jobs, killed off suppliers and left both investors and creditors out of pocket.
Their failure to make a profit impacted seriously on local society. That was irresponsible.
Irresponsible behaviour can cause feelings of guilt, shame and loss of morale.
A false impression has been given by too many activists that making a profit is irresponsible. In fact, making a profit, coupled with accountability, promotes both a strong economy and a motivated society. It is important to recognise that responsible behaviour creates a sense of self-satisfaction among us all. Everyone benefits.
Bag2School is proud of its achievements and can afford to contribute to society in the following ways:
* The creation of employment at home and abroad
* Prompt payment of its employees
* Satisfied customer expectations (schools)
* Over 4 million pounds paid into community projects
* Suppliers paid on time
* Diversion of waste from landfill sites
* Utilisation and recycling of its plastic by-products (bags)
* The development of trusting relationships with regulators and governments
This is an enviable position for a small business like ours to be in, and creates a robust corporate reputation.
Well done to all our staff.
Ted Childs
Director
Related links:
The impact of the second-hand clothing trade on developing countries
