Image, reputation, employee satisfaction, sustainability, long-term goals and increased profit are the core of corporate social responsibility. Socially responsible companies consider social, environmental and ethical aspects of their operational environment and at the same time strengthen their business foundation, business environment and increase profit by emphasising long-term goals rather than short-term goals. A socially responsible company decreases its operational risks by practicing ethical and responsible businesses and by protecting their image. We at PricewaterhouseCoopers stress the importance of corporate social responsibility as an integral part of good corporate governance. You can find more detailed information on our services in our brochure on Corporate Citizenship.
In July 2002 PricewaterhouseCoopers International became a cooperative of the United Nations in promoting corporate social responsibility. This initiative is called the Global Compact and consists of a network of thousands of companies, organisations, public institutions, academia and others who support socially responsible and environmental operations. The core of this initiatives is that private companies, organisations and institutions become a part of the solutions we need to fight the manyfold problems we face in our globalised world and contribute to sustainability and economic stability all over the world.
Before we became a part of the Global Compact initiative the United Nations came to us and asked us to consult them in how to motivate private companies, organisations and others to embrace sustainability in decision-making. Furthermore, we worked with the United Nations on how we could improve the efficiency of the Global Compact initiative by analysing and re-evaluating their policies and business practices.