{"id":1409,"date":"2022-05-10T12:04:05","date_gmt":"2022-05-10T10:04:05","guid":{"rendered":"https:\/\/www.abeautifulgreen.com\/?p=1409"},"modified":"2025-11-10T09:08:44","modified_gmt":"2025-11-10T08:08:44","slug":"three-pillars-csr","status":"publish","type":"post","link":"https:\/\/www.abeautifulgreen.com\/en\/three-pillars-csr\/","title":{"rendered":"CSR Strategy: Understanding the Three Pillars of Corporate Social Responsibility"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text css=””]<\/p>\n

CSR Strategy: Understanding the Three Pillars of Corporate Social Responsibility<\/h1>\n

We talked about CSR in a previous article<\/a>. The acronym stands for Corporate Social Responsibility, it\u2019s a concept which encompasses a host of other sub-concepts that essentially fall under three pillars. These three pillars of CSR cover specific themes and practices that together create a responsible corporate culture and – most importantly – make a positive impact every day.\u00a0<\/strong><\/p>\n

 <\/p>\n

What are the three pillars of CSR ?<\/strong><\/h2>\n

 <\/p>\n

The three pillars are economic, social and environmental. A company’s sustainable development strategy<\/strong> focuses on these three key topics and action plans<\/strong> are created based on them.<\/span><\/p>\n

At first glance, these three pillars may appear different, but they actually contain many interlinked concepts<\/strong>. That\u2019s why it\u2019s so important to invest equally in each.\u00a0<\/span><\/p>\n

The aim of a responsible company<\/strong> is to create economic sustainability<\/strong>, while behaving in an environmentally and socially responsible way. A CSR policy\u2019s legitimacy<\/strong> and, above all, progress rely on these fundamental principles.<\/span><\/p>\n

 <\/p>\n

Social responsibility<\/strong><\/h2>\n

 <\/p>\n

The law<\/strong><\/h3>\n

 <\/p>\n

The social pillar is primarily based on complying with legislation regarding human rights<\/strong>, working conditions and non-discrimination<\/strong>. Access to a working environment<\/strong> that respects laws considered basic in the West is the first stone to building this pillar.\u00a0<\/span><\/p>\n

 <\/p>\n

Employees<\/strong><\/h3>\n

 <\/p>\n

The second stone of the pillar is to go further and incorporate concepts that help to create a stress-free workspace conducive to employee development<\/strong><\/a>, such as well-being, diversity and inclusion<\/a>,<\/strong> health, training<\/strong><\/a>, professional development<\/strong> and safety.\u00a0<\/span><\/p>\n

 <\/p>\n

Community<\/strong><\/h3>\n

 <\/p>\n

The third stone builds the pillar beyond the company’s boundaries and takes into account external stakeholders<\/strong> such as customers, the company’s direct community, and any indirect communities that may be affected by the company’s choices, i.e., through its supply chain<\/strong>. To address this, new practices such as satisfaction surveys<\/strong>, partnerships with public authorities or supplier analysis<\/strong><\/a> can be integrated into a company\u2019s daily operations.<\/span><\/p>\n

Consequently, the relationship between a responsible company and its stakeholders is no longer solely business-centred, it also takes into account stakeholder well-being<\/strong>.<\/span><\/p>\n

 <\/p>\n

Data<\/strong><\/h3>\n

 <\/p>\n

To ensure improvement of its socially responsible practices, the company will need to compile data, analyse and report on it, and create KPIs for setting progress targets<\/strong>.\u00a0<\/span><\/p>\n

 <\/p>\n

Benefits<\/strong><\/h3>\n

 <\/p>\n

The world is changing… all stakeholders<\/strong> are better informed and now embrace social and environmental standards<\/strong> in their daily work and lives. Several studies have already demonstrated the benefits of having corporate social values, including employee retention<\/strong> and attraction, productivity<\/strong> and innovation, and a positive corporate image<\/strong>.<\/span><\/p>\n

 <\/p>\n

Environmental responsibility<\/strong><\/h2>\n

 <\/p>\n

As the name suggests, the environmental aspect of a CSR strategy covers ecological issues and the impact that the company has on the environment. Faced with the climate emergency<\/strong>, companies often choose to concentrate on this pillar first.\u00a0<\/span><\/p>\n

 <\/p>\n

The environment\u00a0<\/strong><\/h3>\n

 <\/p>\n

Much like the social pillar, this pillar encompasses a set of concepts and practices both inside and outside the company. Companies wishing to reduce their negative impact<\/strong> on the environment and integrate responsible behaviour need to take into account concepts like greenhouse gas emissions<\/strong>, circularity, renewable energies<\/strong> and responsible procurement<\/strong>. These various issues are part of a responsible approach<\/strong> to the environment and must be addressed in order to reduce a product\u2019s impact as best possible.<\/span><\/p>\n

 <\/p>\n

360\u00b0 thinking<\/strong><\/h3>\n

 <\/p>\n

To ensure a comprehensive approach<\/strong>, these points for attention should be analysed under the company\u2019s different \u2018scopes<\/strong>\u2019, i.e., in relation to the company’s daily operations, facilities, products and\/or services. For example, setting up a recycling programme in the office building is not enough to be considered a responsible company. A 360\u00b0 approach is needed to reduce the overall environmental footprint<\/strong>.\u00a0<\/span><\/p>\n

 <\/p>\n

Data Measurement<\/strong><\/h3>\n

 <\/p>\n

In order to create a robust environmental management system<\/strong>, it is important to measure its impact, but also to collect, analyse and report the data. This will help the company have a clear view of the situation. It will also facilitate the set up of KPIs<\/strong> that will make it easier to create reduction targets<\/strong>.<\/span><\/p>\n

 <\/p>\n

Budget optimisation<\/strong><\/h3>\n

 <\/p>\n

Contrary to common believes, adopting an environmental policy also helps a company to optimise its budget.<\/strong> It can be done thanks to practices such as recycling and improved resource management<\/strong>.<\/span><\/p>\n

 <\/p>\n

Time is of the essence<\/strong><\/h3>\n

 <\/p>\n

Following the latest IPCC report<\/strong><\/a> published early 2022, we see – once again – the urgent need to change how we do things. Companies need to be aware of their impact<\/strong> and learn how to change their business operations to minimise the negative effects<\/strong> they may have on the environment.<\/span><\/p>\n

 <\/p>\n

Economic responsibility<\/strong><\/h2>\n

 <\/p>\n

The economic pillar is not about making profit at any cost. Rather, it\u2019s about focusing on business sustainability and ensuring that it is built on solid foundations to create resilience<\/strong>. In the wake of the recent pandemic and global challenges, business resilience has become key to dealing with adversity<\/strong>.<\/span><\/p>\n

 <\/p>\n

The company<\/strong><\/h3>\n

 <\/p>\n

The economic focus is on behaviours at company level, such as compliance with legislation, risk management<\/strong>, transparency and good governance<\/strong>. <\/span>These behaviours help to gain the trust of the company’s stakeholders<\/strong> as they demonstrate a responsible corporate culture<\/strong>. Many practices stem from these behaviours, leading to tangible action such as sustainability reports<\/strong>, stakeholder maps and\/or certification<\/strong>.<\/span><\/p>\n

 <\/p>\n

The company\u2019s surroundings<\/strong><\/h3>\n

 <\/p>\n

A company\u2019s economic responsibility also includes supporting the local economy<\/strong>. For example, a policy of local sourcing<\/strong> enables the responsible company to support its surrounding community<\/strong>. With strong roots in its geographical area, the company becomes a community player and can thus actively create a positive impact. As mentioned above, a responsible supply chain<\/strong> continues to create a positive impact beyond the direct community through the company\u2019s economic performance.<\/span><\/p>\n

 <\/p>\n

Balance between the three pillars of a CSR strategy<\/strong><\/h2>\n

 <\/p>\n

Corporate social responsibility is the approach taken by a company that wishes to create a positive<\/strong> (or at least neutral) impact<\/strong> on the environment and society while maintaining<\/strong> its economic activity.<\/span><\/p>\n

These three pillars<\/strong> – economy, environment and society – are also known as the 3Ps: People, Planet, Prosperity<\/strong>. It\u2019s all about finding the perfect balance<\/strong> between these three concepts.<\/span><\/p>\n

 <\/p>\n

Certification to keep on track with the three pillars<\/strong><\/h2>\n

 <\/p>\n

The three pillars of CSR<\/strong> include several sub-categories which are all interlinked. We understand just how difficult it can be to grasp and apply all these concepts to your business.<\/span><\/p>\n

That\u2019s why we believe using a framework could help you. When an organisation decides to take a CSR approach and create a responsible corporate culture<\/strong>, it does not always know where to start.<\/span><\/p>\n

Several frames of reference<\/strong> are available – the United Nations\u2019 17 Sustainable Development Goals<\/strong> are the most well-known. And, if your final objective is to get certified or be awarded a label, we recommend using the reference framework proposed by the certifying body\/label organisation.<\/span><\/p>\n

One example is ESR<\/a> in Luxembourg, which stands for <\/span>Entreprise Socialement Responsable<\/span><\/i>, or Socially Responsible Enterprise in English. An ESR Guide was prepared together with the main CSR contributors in\u00a0<\/span>Luxembourg <\/b>to help companies in their quest for obtaining the ESR label. It is proposed by the <\/span>certifying body<\/b> INDR and seeks to promote\u00a0<\/span>CSR<\/b>\u00a0among national companies so that they contribute to\u00a0<\/span>sustainable development<\/b>.<\/span><\/p>\n

 <\/p>\n

How does the ESR Guide incorporate the 3 pillars of CSR?<\/strong><\/h2>\n

 <\/p>\n

The guide contains a set of questions divided into three categories: economic, social and environmental. These three categories contain questions related to the sub-concepts discussed above. Here are some examples of the topics covered…<\/span><\/p>\n

 <\/p>\n

Economy<\/span><\/h3>\n

The questions address the company’s business model.<\/strong> It also looks at the responsible connotation of the service\/product provided, company governance<\/strong> and transparency<\/strong>.<\/span><\/p>\n

 <\/p>\n

Social responsibility<\/span><\/h3>\n

The social aspect focuses on the well-being<\/strong> of the company\u2019s employees. The practices for diversity and inclusion in the workplace, development opportunities<\/strong> and impact on the community<\/strong> are also analysed.<\/strong><\/span><\/p>\n

 <\/p>\n

Environment<\/span><\/h3>\n

The environmental pillar looks at the company\u2019s facilities and integration of ecological systems<\/strong>, responsible behaviour in daily operations, whether carbon footprint<\/strong> is calculated, etc.<\/span><\/p>\n

 <\/p>\n

Documentation<\/span><\/h3>\n

These questions can help inspire you in building your responsible approach. <\/strong>The ESR guide will also direct you in creating a list of official documents to produce. Of course, to be awarded the ESR label, you need to present evidence.<\/span><\/p>\n

 <\/p>\n

Label influence<\/span><\/h3>\n

The label is based on the highest CSR standards<\/strong>. The INDR<\/a> has joined forces with AFNOR<\/strong> in France and Ecopark<\/strong> in Switzerland to create the Responsibility Europe label<\/strong>. This is in addition to the ESR label and provides more international legitimacy for Luxembourg companies.<\/span><\/p>\n

 <\/p>\n

In conclusion<\/strong><\/h2>\n

 <\/p>\n

All three pillars<\/strong> of a CSR strategy are equally important; they are interlinked and require equal attention<\/strong>. Developing a responsible approach<\/strong> is based on a balance<\/strong> between these three areas of action.\u00a0<\/span><\/p>\n

Several tools<\/strong> are available to help you embark on a sustainable transition and make your company a responsible market player.<\/span><\/p>\n

Now, it\u2019s up to you to take the plunge!<\/span><\/p>\n

Contact us<\/a> if you need help, we offer a range of services<\/a> to support you.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

Elora Majean[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text css=””] CSR Strategy: Understanding the Three Pillars of Corporate Social Responsibility We talked about CSR in a previous article. The acronym stands for Corporate Social Responsibility, it\u2019s a concept which encompasses a host of other sub-concepts that essentially fall under three pillars. These three pillars of CSR cover specific themes and practices that together…<\/p>\n","protected":false},"author":15,"featured_media":3732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-1409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-25","description-off"],"yoast_head":"\nCSR Strategy: Understanding the Three Pillars of CSR - A Beautiful Green<\/title>\n<meta name=\"description\" content=\"Discover the three pillars of a CSR strategy. 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