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Social responsibility is the concept that business is part of the larger society in which it exists and must therefore act in a way that not only advances the firm but also serves the society More than ever firms are being challenged to integrate social responsibilities in to their operations Many firms now believe that social responsibility to be a lot more than granting money to community groups or volunteering their time to organizations - although these are both important ways that firms support the community Today business leaders recognize that a commitment to corporate social responsibility can provide distinct advantage in attracting and retaining employees dealing with suppliers and regulators strengthening customer relationships and providing positive returns for investors Let us take a look at some of the social responsibility issues and analyze how businesses are showing their social responsibility Around the world there are lots of environmental concerns that challenge companies to be better global citizens Leading companies know that taking a strong role in protecting the environment improves the efficiency of operations and saves money making a positive impact on business partners customers and investors Let us see how socially responsible companies are responding to the environmental concernsDelphi Automotive Systems is dedicated to protecting human health natural resources and the global environment For Delphi a commitment to environmental management is a critical business strategy Delphi has certified 15 of its global manufacturing sites under ISO 14001 a global standard that recognizes facilities that have systems in place to proactively manage and reduce their environmental impact The company is working toward earning this certification for all 168 of its manufacturing facilities around the world over the next three yearsJohn Jaffurs director Delphi environmental services states We want to formally integrate our environmental management into the goals of the business Delphi is using ISO 14001 and other tools as a means of creating a total environmental management system This will allow us to integrate
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