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Corporate Social Responsibility Strategy
Published on 30 April 2018
Cyprus
Kýpros
This is the good practice's implementation level. It can be national, regional or local.
About this good practice
Corporate Social Responsibility Strategy constitutes one of Vassiliko Cement Works corporate principles; it is embedded in the company’s mindset governing its business activity through initiatives aiming at upgrading the living standards, the cultural level and at protecting the environment. Their activities adhering to the code of ethics and in a socially responsible way, minimizing any impact. Having incorporated the Sustainable Development Goals into their Strategy, they take bold and transformation steps ahead towards a sustainable and resistant path. Their aim is to be a successful company with an increasing value, operating always under full transparency and showing respect to people.
Resources needed
A total budget of approximately 20.000 is need to set up a CSR strategy for the company. Also, the company needs staff dedicate to implement the CSR strategy as well as funds for implementing the yearly CSR strategy.
Evidence of success
The following benefits occurred for the company:
•Reduce emissions/environmental friendly,
•Positive business reputation
•Increased sales and customer loyalty
•Develop and enhance relationships with customers, suppliers and networks
•Attract, retain and maintain a happy, safe and healthy workforce
•Save money on energy/ operating costs
•Differentiate themselves from their competitors
•Better financial performance
•Organisational growth
•Reduce emissions/environmental friendly,
•Positive business reputation
•Increased sales and customer loyalty
•Develop and enhance relationships with customers, suppliers and networks
•Attract, retain and maintain a happy, safe and healthy workforce
•Save money on energy/ operating costs
•Differentiate themselves from their competitors
•Better financial performance
•Organisational growth
Potential for learning or transfer
The practice is interesting for other companies as well since it is a company that for many years is implementing CSR in a holist approach. The implementation of CSR gave lot of benefits to the company.
Further information
Website
Good practice owner
You can contact the good practice owner below for more detailed information.
Organisation
Vassiliko Cement Company LTD
Cyprus
Kýpros
Contact
Operations Manager