© The Financial Times Ltd 2014 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
This encompasses programmes and systems that a company can put in place to increase the safety and well-being of individuals. Companies can seek to establish systems to ensure that human rights are upheld within the supplier network and to help improve the livelihood and welfare of its suppliers.
In addition, companies can also improve the lives of employees by ensuring workplace safety, dealing with work-life balance issues. Organisations can put socially responsible practices in place to improve customer safety and to educate consumers on how to use the products safely.
Socially responsible practices affect business practices in various ways. For instance:
Socially responsible practices ensure that suppliers:
In addition to specific safety rules that employees must abide by, worker-focused socially responsible practices include:
Socially responsible practices include:
Finally, a company can invest in the community, in which it operates, to enhance relations. Companies can: