Corporate social responsibility is a framework for doing business in a way that aligns with a company’s values and has a positive impact on society. It typically involves a set of self-imposed standards, such as explicit benchmarks for sustainability or workplace safety, the company is proactively working to meet. The following are examples of companies with corporate social responsibility, holding themselves accountable to their stakeholders, customers and the communities where they operate.
Companies With Corporate Social Responsibility
- S&P Global
- McCormick & Company
- Amalgamated Bank
Companies With Corporate Social Responsibility
PatientPoint, which makes patient engagement products for healthcare practices and hospitals, also runs the PatientPoint Foundation, a non-profit organization that works to bring health empowerment to underserved populations through interactive technology. The foundation’s priorities are disease prevention, with a focus on diabetes, cardiovascular disease and mental health, and an overall mission of improving health literacy and outcomes.
Toast’s point-of-sale system, self-ordering kiosks, online ordering solution, employee scheduling software and other products give restaurants the tools and support they need to run efficiently. Toast.org is the company’s philanthropic branch, which engages in community service and giving centered around “solving critical food issues.” Its initiatives have included efforts to get meals to children through a partnership with No Kid Hungry and help pay-what-you-can restaurants get the tech they need.
Trupanion is a medical insurance company for cats and dogs with a mission to help families budget for their pets’ care. It has set ambitious sustainability goals, one of which is to become a carbon neutral company by 2040. At their Seattle headquarters, Trupanion makes incremental strides toward carbon neutrality through energy management practices and mass transit subsidies for employees — 80 percent of whom work remotely or on a hybrid schedule. The company’s commitment to corporate social responsibility also includes diversity, equity and inclusion programs for current employees as well as through their recruitment efforts.
S&P Global makes financial intelligence products for use in money commodity markets. The company says its S&P Rating, which assigns a credit rating to countries and companies similar to those used for consumer credit, is one of the most trusted financial benchmarks worldwide. S&P Global’s corporate responsibility initiatives include donating over 20,000 yearly service hours to local communities and a gift matching program that has directed more than $4 million to charity organizations in a single year.
McCormick is a food manufacturer that makes spices, condiments and seasoning mixes for consumers and food service clients. It is working toward net-zero emissions in its operations by 2050 and has won numerous awards and commendations for its corporate social responsibility, including six years of “Top 50 Companies for Diversity” from Diversity Inc, five years of Barron’s “100 Most Sustainable Companies,” and first place for food, beverage and tobacco companies in Just 100’s “America’s Most Just Companies.”
Amalgamated Bank, which describes itself as “America’s Socially Responsible Bank,” is a unionized financial institution — the largest union-owned bank in the United States. It boasts a 100 percent on the Human Rights Campaign Foundation’s Corporate Equality Index, uses renewable energy in direct operations and has given more than $536 million to racial justice, climate and economic equity organizations through its charitable foundation, according to its yearly corporate social responsibility report.
Ecolab develops and sells technology and services that provide clients with clean water through treatment, purification and cleaning. Some of the water is for drinking, but Ecolab also works with healthcare, hospitality, industry and food and beverage clients to treat the water they use in their commercial operations. As a water company, its corporate responsibility efforts include initiatives focused on water stewardship and taking action on climate change. The company has set goals to cut down on emissions and work with customers on achieving carbon neutrality.
Illumina is a biotech company that develops analysis tools for genomics. Its products have clinical and research applications for genetic diseases, cancers, reproductive health and microbiology. Illumina’s tech and products are also used in agrigenomics, or the application of genomics to agriculture, and the company’s Illumina Agricultural Greater Good Initiative aims to alleviate global hunger and food insecurity in partnership with the agricultural industry. The company’s commitment to corporate social responsibility also includes efforts to increase access to genomics and implement sustainable practices like using renewable energy and reducing packaging.