Business Best Practice Social Responsibility

Nearly 75% of consumers say they would refuse to buy from a company if they learned the company supported an issue contrary to their own beliefs. Are you playing your part in creating a better world? Review your business against social responsibility best practice benchmarks to find out.

Do you take your responsibilities as a corporate citizen seriously? Does your business contribute in a positive way to the betterment of people and the planet?

Businesses that practice corporate social responsibility aim to improve communities, the economy and the environment.

We hope you choose to be a responsible corporate citizen because it’s the right thing to do… but if you want a commercial reason to get on board here are some statistics that might convince you.

👉 Research has found that more than 60% of consumers hope businesses will drive social and environmental change in the absence of government regulation.

👉 Nearly 90% of the consumers surveyed said they would purchase a product because a company supported an issue they care about.

👉 More importantly, nearly 75% said they would refuse to buy from a company if they learned the company supported an issue contrary to their own beliefs.

So how does your business measure up?

Review the Business Best Practice Checklist and find out.

Business Best Practice Social Responsibility: The Benchmarks Checklist

  • We believe that every business has a responsibility to contribute to the betterment of the planet and society and this is reflected in our strategic plan and in our business goals and objectives.
  • We carefully monitor all of the businesses in our supply chain to ensure that they are environmentally and socially responsible and wherever possible we choose to do business with companies which have policies and processes in place to maximise their positive social and environmental impact.
  • We have a Corporate Social Responsibility (CSR) or Business for Good (BFG) Program in Place and it directly reflects our values and resonates with our ideal clients and other stakeholders.
  • Our CSR/BFG Program is making a measurable difference in a key area that matters to our people, our ideal clients and our other stakeholders.
  • We regularly (at least monthly) monitor environmental impact and waste in all aspects of our business, and have a constant focus on finding ways to reduce it.
  • We regularly (at least annually as part of our strategic planning process) monitor all of our business strategies and activities to ensure that they “do no harm”. E.g , monitoring our supply chain to eliminate modern slavery or child labour and to minimise environmental impact.
  • Our CSR/BFG Program is reviewed at least annually as part of our strategic planning process and the impact is reported to clients and other stakeholders.

What are Best Practice Benchmarks?

Also known as generic or process benchmarks.

As the names suggests Best Practice Benchmarking involves identification of best practices across generic functions, processes or operations, identifying the most effective operating practices from other businesses that perform similar functions.

Best Practice Benchmarking is effective across the full range of generic business operations: branding, marketing, sales, operations, financial management, technology, human resources, risk mitigation and strategic planning.

The Better Business for Good Company BIPlan System® is an example of Best Practice Benchmarking.  Developed by a team of small business specialists the BIPlan System enables every small business to benchmark their business against  over 200 individual benchmarks covering areas as diverse as brand identity, financial management, management of people and risk, customer relationships and environmental impact. Each item is important in their own right, some take longer to implement than others, but taken as a whole they help a business to become more profitable as well as a good corporate citizen.  

Other types of business benchmarking include performance, functional, operational, industry and competitive. Learn more about how the different forms of benchmarking can help your business.

Want to make your business more profitable, scalable and saleable?

Measure, manage and improve your business against more best practice checklists like this.

Developed by small business specialists, the BIPlan System is the most credible tool a small business can use to measure, manage and improve their business practices against best practice standards.

 

  1. Assess how your business performs against dozens of best practice checklists. Taking the Assessment alone will be a valuable, eye-opening experience.
  2. Compare your answers to best practice standards developed, tested and proven by Australian small business specialists
  3. Create a customized improvement plan for your business with our free best practice guides and the support of our business advisors and specialists to help you implement