Corporate Social Responsibility (CSR) Statistics 2024

Corporate Social Responsibility (Csr) Statistics 2023: Facts about Corporate Social Responsibility (Csr) outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Corporate Social Responsibility (Csr), and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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On this page, you’ll learn about the following:

Top Corporate Social Responsibility (Csr) Statistics 2023
- Corporate Social Responsibility (Csr) “Latest” Statistics

Top Corporate Social Responsibility (Csr) Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 80 Corporate Social Responsibility (Csr) Statistics on this page 🙂

Corporate Social Responsibility (Csr) “Latest” Statistics

The top 10 matching gift companies donate an average of $47,500 per employee annually.^[1]
The top 10 companies donate more than $2 billion in cash annually to nonprofits, much of it through employee matching gift programs.^[1]
40% of Fortune 500 companies offer volunteer grant programs.^[1]
About 63 million Americans volunteer each year, totaling 7.7 billion hours worth about $175 billion annually.^[1]
Intel estimates that water conservation efforts have saved approximately 44 billion gallons of water over the past decade which is enough to power more than 400,000 of her homes in the United States for one year.^[1]
65% of Fortune 500 companies offer matching gift programs.^[1]
Over 18 million people work for businesses with matching gift programs.^[1]
Twelve percent of the company’s total cash giving to charities is made through a dedicated giving program.^[1]
73% of millennials worldwide are willing to pay more for sustainable choices, up from 50% in 2014.^[2]
The millennial population has surpassed 80 million, and current U.S. consumer spending has already reached an estimated $1 trillion.^[2]
Companies donated a total of $36 billion to nonprofits in 2022: of the total donations, 28% went to education programs, 25% to health and welfare services, and 16% to community and economic development programs.^[3]
Research shows that more than 39% of companies plan to expand their workplace over the next two years.^[4]
Nearly 60% of consumers expect the brands they support to take a stand on issues such as racism, social justice, climate change, and income inequality, according to a 2020 survey.^[4]
50% of survey respondents said they researched online how companies are responding to social issues before making a buying decision.^[4]
71% of employees say it’s very important to work for a company that does philanthropic work.^[4]
Of those employees who are proud of their company’s contribution to society, more than 54% of them say they are fully committed to their work.^[4]
77% of employees said they chose to stay with their current employer.^[4]
Nearly two-thirds of young workers are not employed by companies with poor CSR practices.^[4]
55% of workers would even accept a pay cut to work for a socially responsible company.^[4]
By engaging in socially valuable initiatives, staff turnover can be reduced by approximately 50%.^[4]
93% of employees believe companies should lead with purpose.^[4]
72% of consumers believe companies should be held legally responsible to society.^[4]
77% of consumers are willing to shop from companies committed to making the world a better place.^[4]
Over 90% of consumers worldwide are likely to switch to brands that support good reasons.^[4]
Over 66% of consumers say they would pay more for companies that are socially and environmentally responsible.^[4]
88% of people want to know about corporate CSR initiatives.^[4]
75% of Americans say companies can no longer just make money and according to the Porter Novelli Purpose Premium Index 2021, you must have a positive impact on society.^[5]
According to the Porter Novelli Purpose Premium Index, 73% say companies need to gain traction by demonstrating how they support their communities and environments.^[5]
According to the Porter Novelli Purpose Premium Index, 69% say they are unlikely to support companies that are clearly operating to make a profit.^[5]
According to Porter Novelli’s 2021 Business Of Cancel Culture Study, Americans see canceling a brand not only as a way to draw attention to an issue or behavior (69%) but also as a way to change the way a company operates (68%). I’m here.^[5]
According to the Cause & Social Influences 2021 Influencing Young America To Act, 51% of respondents say an online influencer or content creator is a source of information about social issues they care about.^[5]
According to Zenos 2020 Strength of Purpose, consumers are six times more likely to protect their business in the event of failure or public criticism if they believe their brand has a strong purpose.^[5]
According to the 2020 State Of Corporate Reputation by Weber Shandwick and KRC Research, a global executive attributes 63% of his company’s market value to his company’s overall reputation.^[5]
Employee volunteerism has been shown to reduce company employee turnover by about 50%.^[6]
By participating in employee volunteer activities, labor productivity increases by approximately 13%.^[6]
93% of volunteered employees are happy with their current employers.^[6]
40% of her millennials chose a job because of the company’s commitment to sustainability.^[6]
75% of millennials say they would accept a lower wage if the company was socially responsible.^[6]
75% of American workers wouldn’t work for a badly branded company, even if they were unemployed.^[6]
50% of applicants will turn down a company with a bad reputation “even with a raise”.^[6]
77% of consumers are more likely to use companies committed to making the world a better place.^[7]
73% of investors say their efforts to improve the environment and society influence their investment decisions.^[7]
An estimated 90% of companies in the S&P 500 Index issued a CSR report in 2019, compared with just 20% in 2011.^[7]
25% of consumers and 22% of investors cite “zero tolerance” policies for companies engaging in questionable ethical practices.^[7]
85% of consumers want organizations to solve their problems, while 80% want organizations to solve society’s problems.^[7]
With a strong purpose, consumers are 4x more likely to purchase from the brand, 4.1x more likely to trust the brand, and 4.5x more likely to endorse the brand and recommend it to friends and family.^[7]
68% of UK and US online consumers will or will stop using a brand due to its CSR being inadequate or misleading.^[7]
Up to 54% of consumers have stopped buying from a company because of its public position on an issue, and 48% of investors chose not to invest for the same reason.^[7]
95% of employees believe companies should benefit all stakeholders, including employees, customers, suppliers, and the communities in which they operate.^[7]
90% of employees who work in purpose-driven companies say they are more inspired, motivated, and loyal.^[7]
41% of managers say they are “too busy” to implement any kind of diversity and inclusion initiative.^[7]
66% of consumers worldwide are willing to pay more for sustainable products.^[7]
32% of consumers feel very committed to adopting a more sustainable lifestyle.^[7]
57% are willing to change their buying habits to reduce their negative impact on the environment.^[7]
70% of Americans believe that making the world a better place is “somewhat” or “very important” for business.^[8]
77% of consumers are motivated to buy from companies committed to making the world a better place, and 73% of investors say their efforts to improve the environment and society contribute to their investment decisions It says it does.^[8]
41% of millennial investors have made a significant effort to understand a company’s CSR practices, compared to just 27% of Generation X and 16% of Baby Boomers.^[8]
25% of consumers and 22% of investors cite a “zero tolerance” policy for companies engaging in questionable ethical practices.^[8]
A majority of American consumers (55%) believe it is important for businesses to address important social, environmental, and political issues. 93% of employees believe companies should lead with purpose.^[8]
95% of employees believe companies should benefit all stakeholders, not just shareholders, but also employees, customers, suppliers, and the communities in which they operate.^[8]
Nearly 70% of employees say they would not work for a company without a strong purpose.^[8]
92% of purposeful employees at a company say they are more likely to recommend their employer to job seekers in their network.^[8]
Nearly 90% of leaders believe that a strong sense of shared purpose within their organization increases employee satisfaction.^[8]
Only 46% of leaders say their organizations operate with a strong sense of purpose.^[8]
According to the U.S. Bureau of Labor Statistics, November 2021 saw a record 3% or 4.5 million layoffs.^[9]
Today, 94% of Gen Z believe businesses need to address pressing social and environmental issues.^[10]
76% of consumers say they would not do business with a company whose opinions conflict with theirs or who supports an issue.^[10]
55% of consumers say they are willing to pay more for products and services that contribute to positive change.^[10]
Over 90% of shoppers worldwide are likely to switch to a brand that supports a good reason.^[10]
90% of consumers surveyed are more likely to trust and be more loyal to socially responsible companies than those who are socially responsible.^[10]
Ninety percent of surveyed buyers said they would boycott a company if it was found to be engaging in irresponsible business practices, and 55% of respondents had done so in the past year.^[10]
91% of the world’s population want more than a company’s profit.^[10]
88% of people want to know about her company’s CSR efforts, and 84% want to tell “friends and family” about her company’s CSR efforts.^[10]
85% of consumers have a more positive image of products and companies that support the causes they care about.^[10]
92% want to buy products that support good reasons.^[10]
72% of consumers believe businesses should be held legally responsible to people and the planet.^[10]
67% of respondents prefer to work for a social enterprise.^[10]
Working on socially valuable projects can reduce employee turnover by about 50%.^[10]
According to Deloitte, 70% of millennials surveyed said a company’s commitment to community influenced their decision to work there.^[10]
A Cone Communications survey found that nearly two-thirds of young people would not accept a job at a company with poor CSR practices.^[10]

Also Read

One could argue that CSR is highly valuable, as it allows businesses to contribute positively to the communities they operate in, promote sustainability, and build trust with consumers. By engaging in initiatives that give back to society, such as charitable donations, volunteering programs, or environmental initiatives, companies can improve their reputation and relationships with stakeholders. This can lead to increased brand loyalty, customer retention, and even attract new customers who align with the company’s values.

Furthermore, CSR initiatives can also have a real impact on the world. Companies have the resources and reach to make significant changes, whether it’s through reducing their carbon footprint, supporting human rights, or investing in local communities. By aligning their business practices with social and environmental responsibility, companies can contribute to solving some of the world’s most pressing issues.

On the other hand, critics of CSR argue that it can sometimes be used as a mere public relations tool, a way for companies to mask unethical practices or greenwash their image. Some businesses may engage in CSR initiatives simply to improve their image without genuinely considering their impact on society and the environment. This can lead to shallow or ineffective CSR efforts that do little to create real change.

Moreover, some argue that businesses should focus on their core purpose of creating value for shareholders and providing quality products and services. While it is essential for companies to be profitable and sustainable, this does not have to come at the expense of social responsibility. In fact, some studies have shown that businesses that embrace CSR tend to perform better financially in the long term, as they attract investors, employees, and loyal customers who value their ethics and social impact.

Ultimately, the usefulness of CSR depends on how it is implemented. Companies that approach CSR authentically, integrating it into their core business strategy and actively seeking opportunities to make a positive impact, are more likely to see tangible benefits. When viewed as a strategic investment rather than just a marketing tactic, CSR can result in improved relationships with stakeholders, enhanced reputation, and long-term sustainability.

In conclusion, while the usefulness of CSR may vary depending on the approach taken by companies, there is no denying its importance in today’s business landscape. By aligning their operations with social and environmental responsibility, companies have the opportunity to create value not just for their shareholders, but for society as a whole. It is essential for businesses to recognize that CSR is not just a trend or a box to tick but a fundamental element of doing business responsibly in the modern world.

Reference

360matchpro – https://360matchpro.com/corporate-social-responsibility/
georgetown – https://csic.georgetown.edu/magazine/corporate-social-responsibility-matters-ignore-millennials-peril/
doublethedonation – https://doublethedonation.com/corporate-social-responsibility/
doublethedonation – https://doublethedonation.com/how-csr-impacts-businesses/
engageforgood – https://engageforgood.com/stats/
everfi – https://everfi.com/blog/important-csr-stats-to-stay-on-top-of/
impactreporting – https://impactreporting.co.uk/social-value-stats/
hbs – https://online.hbs.edu/blog/post/corporate-social-responsibility-statistics
selflessly – https://selflessly.io/why-is-corporate-social-responsibility-important-in-2022/
viewsforchange – https://viewsforchange.com/list-statistics-demonstrate-importance-csr/

Corporate Social Responsibility (CSR) Statistics

Top Corporate Social Responsibility (Csr) Statistics 2023

Corporate Social Responsibility (Csr) “Latest” Statistics

Also Read

How Useful is Corporate Social Responsibility Csr

Reference

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