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Corporate Social Responsibility Is Shifting As a Result of 2020 s Triple Crisis
By Carolyn Berkowitz, President & CEO, Association of Corporate Citizenship Professionals (ACCP)
Published 03-08-21
Submitted by Association of Corporate Citizenship Professionals
No profession has remained untouched by the three crises of 2020: the COVID-19 pandemic, the resulting economic downturn, and the reckoning with racial injustice. Corporate Social Responsibility (CSR) is no exception. This past year shined a bright light on the increasing importance of corporations redefining their value to society and expanding their commitment to all stakeholders - customers, employees, regulators, investors, and the communities in which they work. Over the past several years, the focus on corporate responsibility has grown as data demonstrates that long-term financial success is inextricably linked to how companies respond to both social and market shifts.