Marks & Spencer: Corporate Social Responsibility

The article here discusses Marks & Spencer and their decision to cooperate with CSR Company International. The aim of this business decision is to be more aware and involved in Corporate Social Responsibility by working towards a sustainable supply chain management.

Corporate Social Responsibility is an idea often glazed over by other firms, as most firms aim mainly for profit. However, by cooperating with CSR Company International, Marks & Spencer is able to better the company’s public image by being more ethical about the production of their products.

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Recently, the idea of Corporate Social Responsibility has been growing bigger, and the methods by which firms manage their factors of production become more and more important in the eye of the public. Although Marks & Spencer may have reduced their profits in the short-run with their aim towards a sustainable supply chain management, ultimately, it is a necessary decision that will prove to be beneficial in the long-run.

As social trends demand more importance upon business ethics, firms will have to be more aware of their own corporate social responsibility if they are to thrive in society.

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