Businesses are increasingly
expected to be responsible for their impact on society and the environment in
today’s world. Corporate social responsibility (CSR) is no longer a
well-regarded company practice thus, it has become a consumer demand.
GSI identifies the business
model and level of responsibility that businesses should follow in order to
have a good impact on the world. The CSR model shows how a firm can be
accountable to its employees, stakeholders, the general public, the global and
local surroundings.
GSI
approach has a favourable impact on a business brand in addition to helping the
environment and society. People are prioritising firms that focus on social
responsibility as they become more socially conscious. Employee morale is also
boosted as a result of CSR initiatives, as both employees and employers feel
more dedicated in their job.