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Lead Your Company From Managing Risks To Creating Social Value

Mario Benedetti

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Published in Sustainability To Social Change: Lead Your Company From Managing Risks To Creating Social Value

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In a complex and ever-changing business landscape, it is no longer enough for companies to focus solely on managing risks and turning a profit. Today's successful businesses must also be purpose-driven and committed to creating social value.

Sustainability to Social Change: Lead Your Company from Managing Risks to Creating Social Value

by Capricia Penavic Marshall

5 out of 5

Language	:	English
File size	:	2952 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	259 pages

Social value is the positive impact that a company has on society. It can be measured in terms of the company's environmental performance, its social impact, and its economic impact. Creating social value is not just about ng good for the sake of it. It is also about creating long-term value for the company and its stakeholders.

The Benefits of Creating Social Value

There are many benefits to creating social value, including:

Increased employee engagement: Employees are more likely to be engaged and productive when they work for a company that is committed to social value.
Improved customer loyalty: Customers are more likely to do business with companies that are seen as socially responsible.
Reduced risk: Companies that create social value are less likely to face legal, regulatory, or reputational risks.
Increased access to capital: Investors are increasingly looking to invest in companies that are committed to social value.
Improved brand reputation: Companies that create social value have a better brand reputation than those that do not.

How to Create Social Value

There are many ways to create social value. Some common approaches include:

Environmental stewardship: Companies can reduce their environmental impact by reducing their carbon emissions, conserving water, and recycling materials.
Social impact: Companies can invest in programs that improve the lives of their employees, customers, and communities.
Economic impact: Companies can create jobs, pay fair wages, and support local businesses.

The key to creating social value is to focus on initiatives that are aligned with the company's core business strategy. Companies should also measure the impact of their social value initiatives to ensure that they are making a positive difference.

In today's business environment, it is essential for companies to create social value. By ng so, companies can improve their performance, reduce their risks, and build a more sustainable future.