Stages of corporate responsibility: what these five stage below mean?
1. Defensive
2. Compliant
3. Managerial
4. Strategic
5. Civil
1. Defensive: In this stage, a company's primary concern is to protect its reputation and avoid legal or regulatory consequences. The focus is on meeting minimum legal requirements and handling any negative publicity or potential risks.
2. Compliant: In this stage, a company recognizes the need to comply with environmental, social, and governance (ESG) standards and regulations beyond the minimum legal requirements. The focus shifts from mere defense to actively meeting societal expectations and stakeholder demands.
3. Managerial: In the managerial stage, a company establishes formal processes and systems to manage its corporate responsibility efforts. This may include creating dedicated departments or teams responsible for implementing sustainable practices and measuring their impact.
4. Strategic: In the strategic stage, a company integrates corporate responsibility into its long-term business strategy. It recognizes that addressing ESG issues can lead to competitive advantages and financial benefits. The company may start developing sustainability goals, innovation initiatives, and partnerships to drive positive social and environmental change.
5. Civil: The civil stage represents the highest level of corporate responsibility. At this stage, a company actively seeks to be a positive force for societal change, going beyond its own operations and engaging with external stakeholders to address broader societal issues. The company may pursue initiatives such as advocacy for policy changes, community development projects, and philanthropic efforts.