What is responsible business?

Responsible business operations is a business model in which the company takes into account the environmental, social and economic effects of its operations. This means that the company strives to minimize its negative impact on the environment, respect human rights and workers’ rights, and promote sustainable development. Responsible business operations can be manifested, for example, in the manufacture of environmentally friendly products, the promotion of employee well-being and transparent communication to stakeholders.

Responsible business operations are an important part of sustainable development and can give the company a competitive advantage in the market. Customers are increasingly interested in the responsibility of companies and often choose products and services that are manufactured responsibly. In addition, investors and other stakeholders value companies that operate responsibly.

Responsible business operations can also help the company avoid risks, such as loss of reputation or legal problems. In addition, it can improve the company’s performance and profitability in the long term.

Sources: Yrittäjat.fi, Ympäristö.fi