The term ‘business responsibility’ is often used interchangeably with Corporate Social Responsibility (CSR). While the term ‘corporate’ is used the term has been adopted by entities of all sizes, charities and government departments. The LESS Committee has adopted a broad interpretation of the term, ‘responsible business’ to include not only CSR initiatives but also social value and sound governance practices.
A ‘responsible business’ operates efficiently and responsibly by meeting and exceeding legislative standards, considers the impact of its decisions and practices on people and the environment, and acts to ameliorate negative impact. At their heart, responsible businesses recognise the interconnection between business practice, people and environment, and our shared future.