Scrolling through the web, seeking out the perfect stat that would be the ‘cherry on the cake’ for your social value strategy, can be a time-consuming chore that many of us do not have the time to do.
Yet it is certainly worthwhile as it supports and validates the content of your social value strategy, so we’ve done the leg work for you.
We have collated an assortment of stats that you can use when compiling and pitching your social value strategies:
- CSR as Good for Business
- Employee Benefits
- Importance of Diversity
- Beyond Gender Diversity
CSR as good for business
CSR is simply good for business. Let me prove it to you.
- 76% of those surveyed said they would decline to do business with a company if it held views and supported issues that conflicted with their beliefs.
- Companies that consider climate-change management in strategic planning see an 18% higher return on equity than those that don’t.
- Studies show that CSR functions are responsible for more than 40% of a company’s reputation.
- 20% lift in 1 year of people who would switch or boycott brand based on its stand on societal issues.
Employee Retention Benefits
Having social value is not only important for your customers, but it is also equally important for your employees.
- Research by Cone Communications found that nearly two-thirds of young people won’t take a job at a company with poor CSR practices.
The Importance of Diversity
Diversity = business growth. It is an extremely important issue that you should consider in your social value strategy. You can read more about it here. But in the meantime, these are the challenges facing women…
And this is why your business should actively challenge this inequality…
Should you have women as members on boards, your business can experience:
Many businesses are aware of these benefits hence why:
- This year’s Global Human Capital Trends research shows that 78 percent of respondents now believe diversity and inclusion is a competitive advantage.
Beyond Gender Diversity
Diversity in work is not exclusive to women, and it should branch out to consider BAME members of the community, the LGBT community and disabled members of society.
Think about these LGBT+ stats in relation to work, provided by Stonewall UK, and think about how you can challenge these issues.
- One in eight lesbian, gay and bi people (12 per cent) wouldn’t feel confident reporting any homophobic or biphobic bullying to their employer. One in five trans people (21 per cent) wouldn’t report transphobic bullying in the workplace.
Last but not Least, Environmental Sustainability
- 9500 companies have openly joined the UN Global Compact in support of the UN sustainability goals.
- 58% of g250 companies do not believe climate change to be a financial risk.
- On average there are 22.7 less oil spills from 2010-2017 compared 1970-79.
- 52% check product packages to ensure sustainable impact.