“Corporate Social Responsibility (CSR) is defined as the voluntary activities undertaken by a company to operate in an economic, social and environmentally sustainable manner.” Each company should fulfill social responsibility whether the company makes profit or not. The main performances for default of social responsibility are making pollution, unfair competition, tax evasion, make false advertisement and so on.

Nowadays, big companies always do a good job on fulfilling social responsibility. They really set as good examples for small business. For instance, Walmart does great on the sustainability. They try to supply 100% renewable energy and create no waste for years. Also they do well in philanthropy and create lots of job opportunities for Canadians.

Social responsibility is not easy to fulfill, it will be a long process to do it well. Maybe the cost of doing these things is high, however, if one day you do it, it will create a positive image and good reputation for your company. Thus, when you are fulfilling social responsibility, you are gaining invisible wealth meanwhile.

http://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/other-autre/csr-rse.aspx?lang=eng

http://www.walmartcsr.ca