How can you mitigate reputational damage stemming from a polarizing CSR stance?
Corporate Social Responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing CSR, a company can be conscious of the kind of impact it is having on all aspects of society, including economic, social, and environmental. Engaging in CSR means that, in the ordinary course of business, a company is operating in ways that enhance society and the environment, instead of contributing negatively to them. However, CSR stances can sometimes be polarizing, leading to reputational challenges. Mitigating these requires a strategic approach that balances business goals with social expectations.