Contents<\/p>\n
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- 01<\/span>What is Compliance?<\/a><\/li>\n<\/ul>\n
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- 02<\/span>What is CSR?<\/a><\/li>\n<\/ul>\n
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- 03<\/span>Background of CSR Requirements<\/a><\/li>\n
- Corporate scandals<\/a><\/li>\n
- Serious environmental and other problems<\/a><\/li>\n
- Corporate Globalization<\/a><\/li>\n
- Diversification of consumer value<\/a><\/li>\n<\/ul>\n<\/ul>\n
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- 04<\/span>What CSR activities do companies actually engage in?<\/a><\/li>\n<\/ul>\n
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- 05<\/span>CSR Benefits<\/a><\/li>\n
- Advantage 1: Improved corporate image<\/a><\/li>\n
- Advantage 2: Business Diversification<\/a><\/li>\n
- Advantage 3) Increased corporate recognition<\/a><\/li>\n
- Advantage 4: Increased corporate profits<\/a><\/li>\n
- Benefit 5: Increased employee satisfaction<\/a><\/li>\n<\/ul>\n
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- 06<\/span>Disadvantages to be aware of when engaging in CSR<\/a><\/li>\n
- Demerit 1) Increased costs<\/a><\/li>\n
- Disadvantage (2) Manpower required<\/a><\/li>\n<\/ul>\n
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- 07<\/span>CSR and Compliance Initiatives are Essential for Business Continuity in the Future<\/a><\/li>\n<\/ul>\n<\/section>\n<\/div>\n
What is Compliance?<\/h2>\n
![\"image\"\/](\"https:\/\/learningbox.online\/wp-content\/uploads\/blog\/corporate_value_compliance_csr_01.jpg\")
<\/p>\nCompliance means \"legal observance. You may not be familiar with the term \"compliance\" and it may not ring a bell.<\/p>\n
For example, acts of harassment such as \"sexual harassment (sexual harassment),\" \"power harassment (power harassment),\" and \"moral harassment (moral harassment),\" service overtime, working excessively long hours, and leaking personal information are all non-compliance. Isn't this a more familiar problem than you thought?<\/p>\n
Compliance in recent years has become diversified and is not merely \"observing laws and regulations. Compliance also includes \"observing company rules, laws and regulations, and social rules, and conducting appropriate corporate activities.<\/p>\n
With the development of social networking services, we have seen scandals committed by a few employees spread all over the Internet, resulting in a major loss of public trust in the company as a whole.<\/p>\n
For this reason, the reinforcement of compliance in companies is becoming more and more important every year, and many companies are conducting compliance training and promoting company-wide compliance promotion activities.<\/p>\n
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<\/div>\nWhat is CSR?<\/h2>\n
![\"image\"\/](\"https:\/\/learningbox.online\/wp-content\/uploads\/blog\/corporate_value_compliance_csr_03.jpg\")
<\/p>\nCSR stands for \"Corporate Social Responsibility. It refers to the social responsibility that a company assumes in the course of its business activities.<\/p>\n
This is the concept that a company should not only pursue profits but also assume responsibility for its \"stakeholders\" at large. Stakeholders include shareholders, management, employees, customers, suppliers, financial institutions, government agencies, various organizations, and other stakeholders of the company.<\/p>\n
CSR is an effort to make the world a better place by seeking corporate profits and communicating with people around the company.<\/p>\n
Based on this idea, compliance is a fundamental part of a larger initiative called CSR. If compliance is the observance of laws and regulations, CSR is a concept for responding to the demands and requirements of society in a broader sense.<\/p>\n
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<\/div>\nBackground of CSR Requirements<\/h2>\n
![\"image\"\/](\"https:\/\/learningbox.online\/wp-content\/uploads\/blog\/corporate_value_compliance_csr_02.jpg\")
<\/p>\nIn recent years, corporate social responsibility (CSR) activities have been attracting increasing attention for the following reasons.<\/p>\n
<\/div>\nCorporate scandals<\/h3>\n
This is due to an increase in corporate scandals, such as problems with disguised food production areas and expiration dates, window dressing, and other corporate scandals, which have increased stakeholders' distrust of the companies.<\/p>\n
<\/div>\nSerious environmental and other problems<\/h3>\n
This is because various problems such as global warming, climate change, and air pollution have become more serious, and consideration for the environment has become a social responsibility as a company.<\/p>\n
<\/div>\nCorporate Globalization<\/h3>\n
As corporate activities have become globalized, stakeholders have also become internationalized, and the impact of corporate activities has increased.<\/p>\n
<\/div>\nDiversification of consumer value<\/h3>\n
This is because more and more consumers are choosing products based not on the price of the product, but rather on the corporate philosophy and CSR initiatives of the company.<\/p>\n
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<\/div>\nWhat CSR activities do companies actually engage in?<\/h2>\n
![\"image\"\/](\"https:\/\/learningbox.online\/wp-content\/uploads\/blog\/corporate_value_compliance_csr_04.jpg\")
<\/p>\nIn fact, each company engages in CSR activities based on its own characteristics. Among them, environmental protection is one of the CSR activities that many companies engage in. Specifically, these include reducing CO2 emissions through the introduction of hybrid and electric vehicles, as well as renewable energy.<\/p>\n
Some companies are also involved in cultural support such as concerts and the preservation of cultural assets, and in the development of the next generation of human resources by holding events where children can have hands-on experience.<\/p>\n
CSR can also be seen in the fact that sake brewing companies manufactured and supplied a substitute for alcohol sanitizer when the new coronavirus began to spread, and that many companies have greatly relaxed telecommuting policies for their employees, allowing them to work in a variety of ways.<\/p>\n
Toyota Motor Corporation is one of the companies actively involved in CSR. The Toyota Basic Principles are our CSR policy, and the entire Toyota Group is engaged in CSR activities.<\/p>\n
These activities include contributions to environmental conservation and awareness through tree planting and greening activities in Aichi, Mie, Gifu, Kagoshima, and Indonesia, which are all related to Toyota, transportation services for the disabled and elderly, and plant tours for elementary school students.<\/p>\n
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<\/div>\nCSR Benefits<\/h2>\n
![\"image\"\/](\"https:\/\/learningbox.online\/wp-content\/uploads\/blog\/corporate_value_compliance_csr_05.jpg\")
<\/p>\nNext, let's review the benefits that companies can gain by engaging in CSR.<\/p>\n
<\/div>\nAdvantage 1: Improved corporate image<\/h3>\n
Being proactive in CSR will enhance a company's image. When a company's corporate image is enhanced, the image of its products and services themselves will also be improved, and the company will win trust.<\/p>\n
<\/div>\nAdvantage 2: Business Diversification<\/h3>\n
Through CSR activities, companies can gain experiences and connections with people that they would not normally have the opportunity to gain. This increases the likelihood of new business being generated.<\/p>\n
<\/div>\nAdvantage 3) Increased corporate recognition<\/h3>\n
When we are proactive in our CSR activities, we can make ourselves known as a company to more than just our existing customers.<\/p>\n
<\/div>\nAdvantage 4: Increased corporate profits<\/h3>\n
Improved corporate image and recognition through CSR will lead to the purchase of products and services, which in turn will increase profits.<\/p>\n
<\/div>\nBenefit 5: Increased employee satisfaction<\/h3>\n
Employees will feel more confident in their work, believing that their work is contributing to society, and their job satisfaction will improve.<\/p>\n
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<\/div>\nDisadvantages to be aware of when engaging in CSR<\/h2>\n
![\"image\"\/](\"https:\/\/learningbox.online\/wp-content\/uploads\/blog\/knowledge_sharing_the_secret_to_success_06.jpg\")
<\/p>\nSo, are there any disadvantages to engaging in CSR activities? The following are the two main disadvantages to be aware of.<\/p>\n
<\/div>\nDemerit 1) Increased costs<\/h3>\n
CSR requires costs. Although CSR is beneficial to the company in the long run, in the short term it may result in lower sales because time and expenses are spent on activities that are not part of the company's core business.<\/p>\n
<\/div>\nDisadvantage (2) Manpower required<\/h3>\n
Manpower is needed to engage in CSR. Some companies are facing a chronic shortage of manpower and are unable to provide the manpower to work on CSR.<\/p>\n
Back to Contents<\/a><\/p>\n
<\/div>\nCSR and Compliance Initiatives are Essential for Business Continuity in the Future<\/h2>\n
CSR is not a charitable activity, but a social responsibility that companies must assume. As such, it requires corporate philosophy, ethics, and transparency. As society's scrutiny of corporate activities is becoming increasingly severe, CSR and compliance, which is the foundation of CSR, are essential for corporate development.<\/p>\n
If your CSR and compliance efforts are not yet fully implemented, why not start with compliance training? Since there is a significant risk of noncompliance, it is important to continuously educate your employees.<\/p>\n
Please use the compliance training contents of \"learningBOX ON\" to inform your employees about compliance within your company.
<\/div><\/a><\/span>learningBOX is a cloud-based elearning platform \nand you can easily build training courses online.
Created content will be delivered to employees and you can track their learning progress.<\/p><\/p>\n<\/a><\/span>\u00a0and
<\/div><\/a><\/span>There will be something you can do to improve your work environment.<\/p><\/p>\n
\u25bcYou may also like:<\/b><\/p>\n
- Demerit 1) Increased costs<\/a><\/li>\n
- Advantage 1: Improved corporate image<\/a><\/li>\n
- 05<\/span>CSR Benefits<\/a><\/li>\n
- Corporate scandals<\/a><\/li>\n
- 03<\/span>Background of CSR Requirements<\/a><\/li>\n
- 02<\/span>What is CSR?<\/a><\/li>\n<\/ul>\n
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