Where I live in Hanoi, Vietnam, I look out over the sky and realize that what I am looking at is not just a gray day but pollution. Pollution is not just limited to Asia; many major cities in America are also highly polluted cities whose skies can rival some of the most polluted cities in the world.
What is apparent to me and many others is how an individual, company, or brand looks at their social and environmental responsibility matters today. Companies today need to balance their needs for profits with the ecosystem, poverty, environment, and climate change.
Many people may not realize that when a company has a Social Environmental Responsibility, they help the world through that social-environmental responsibility. In other words, today, we live in a more interconnected world than ever, and what happens in one part of the world can affect another.
A great example of this is pollution. I have seen in Asia where pollution from one country will affect another. In the United States, the fires in California moved over to Salt Lake City to cause Salt Lake City to have pollution that rivals cities in Asia.
Because of this chain effect, what one individual, company, or country does can affect another person, government, or company; this is why social-environmental responsibility is essential.
Table of Contents
- Social Environmental Responsibility Balances Our Ecosystem And Profits
- Social Environmental Responsibility Means A Company Balances Profits And People
- Social Environmental Responsibility Can Helps Alleviate Poverty
- Social Environmental Responsibility And Ethical Sourcing
- Related Content
Social Environmental Responsibility Balances Our Ecosystem And Profits
A company concerned about Social Environmental Responsibility is also about balancing the ecosystem carefully with its profits. This is at the core of what being socially environmentally responsible is about.
Recently the Washington Post reported that the arid and heat conditions of the American Southwest show the effects that climate change can have on the environment. A study by Nature Climate change shows that the last 22 years are now considered the driest years of the past 1200 years.
This tells us that companies now need to be concerned about how their profits balance against the needs of the ecosystem we live in. In other words, a company must balance its profitability and the environment; if it is not doing this, the public will eventually start to require that they do.
Social Environmental Responsibility Means A Company Balances Profits And People
Milton Friedman, the famous American Economist and 1976 Noble Prize winner, once famously said, “The Social Responsibility of Business Is To Increase Its Profits;” this is known as the Friedman Doctrine.
Since the days of Milton Friedman, the world has changed. Companies that think their only role is to make profits live in the past and not in the current business environment.
The world was once shocked that a billionaire like Bill Gates would quit Microsoft to start the Bill and Melinda Gates Foundation; many wondered why he would do that. But today’s world is changing. Inequality between the rich and poor has become more profound, so many people are now wondering why more rich corporations or people are not doing more to help solve the world’s poverty issues.
Today many consumers are more demanding than ever before. They want to purchase from an honest corporation that seeks ways to solve many of the world’s social challenges.
In other words, today, corporations are forced to be more socially and environmentally responsible than ever.
The reason is that people want to buy from, work with, and be part of an organization that cares.
It is no longer just about profit; it’s also about what a company does to protect the environment or help others. People want to work with, buy from, or be part of an organization that cares and makes that caring part of their focus – not just company profits.
I see this as a trend that will continue and be more critical for companies, individuals, and brands to show they care not just about the environment but also about others.
Social Environmental Responsibility Can Helps Alleviate Poverty
One reason why Social Environment Responsibility is so essential is that it can also help alleviate poverty. If a company pollutes an area so that farmers cannot grow their crops, those farmers will not survive, and the pollution will eventually drive them into poverty.
Heavily polluted world areas can cause individuals to be prone to various diseases. These diseases can include skin cancers due to the harsh sun rays.
Exposure to toxins and other chemicals can lead to various cancers and other physical problems. Included in this are many mental and developmental problems caused by our environment.
A very long list of environmental factors can lead to many diseases. In many cases, many of these diseases were hardly seen years ago but are prevalent today.
This means that an individual may not work as they are suffering from a disease caused by the environment, or they may be able to work but not as effectively as they once did.
Social Environmental Responsibility And Ethical Sourcing
Ethical sourcing is a company having a Social Environmental Responsibility in their source and manufacturing products. Ethical sourcing is the process that ensures the products made are obtained through responsible and sustainable methods.
Listen To Our Podcast Social Environmental Responsibility And The Global Supply Chain, below or by clicking here.
In other words, it ensures that a company does not contribute to climate change and environmental issues by sourcing products. This could include everything from working with companies they know are polluting the environment and doing nothing about it.
A company concerned with Social Environmental Responsibility would also be involved with ethical sourcing that ensures factory safety, labor rights, and other social issues. In our industry, it would mean that they would work with suppliers that they know are concerned with the quality of the product and the environment.
In a recent poll, 71% of consumers felt that companies needed to be more responsible to ensure the suppliers abide by an ethical code of conduct. In other words, they wanted to be sure that they were buying from brands, companies, and others with social-environmental responsibility.
In this same survey, almost 70 % of the respondents also said that a company should be more accountable for its entire supply chain. This survey tells us that the trend of social-environmental responsibility is here to stay and that brands, companies, and individuals need to look at and review their social environmental responsibility.
At Mondoro, we believe in having Social Environmental Responsibility, which includes ethical sourcing and balancing profits with the environment. We believe that if every company, large and small, would take the same attitude and look at the same things, this would help make a massive change worldwide.
If you are interested in seeing how Mondoro can help you manufacture socially responsible home decor or home furnishing products – we would love to talk to you to see how we can help you.
Find out more about how Mondoro can help you create, develop, and manufacture excellent home decor and furniture products – don’t hesitate to contact me, Anita. Check out my email by clicking here or become a part of our community and join our newsletter by clicking here.
Mondoro gives out a FREE Lookbook to anyone interested. You can receive a copy of our latest Lookbook by clicking here.
Listen to our Podcast called Global Trade Gal. You can find it on all major podcast platforms. Try out listening to one of our podcasts by clicking here.
Subscribe to our Mondoro Company Limited YouTube Channel filled with great videos and information by clicking here.
Ethical Sourcing And Why It Is Important
Ethical sourcing is about a company, brand, corporation, or individual ensuring that their products are obtained through a sustainable and responsible method. A recent Open Text Survey showed that 83% of all consumers globally consider ethical sourcing an essential aspect of their buying decisions.
You can discover more by reading Ethical Sourcing And Why It Is Important by clicking here.
How Social Environmental Responsibility Helps Fight Poverty
Social Environmental responsibility is about a company having social responsibility while also being concerned about its environmental impact. A Social, Environmental Responsible company will look at profits and benefit society while being responsible towards the environment.
To find out more about How Social Environmental Responsibility Helps Fight Poverty by clicking here.