Corporate Social Responsibility (CSR) Statistics 2024

Are you looking to add Corporate Social Responsibility (CSR) to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Corporate Social Responsibility (CSR) statistics of 2024.

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How much of an impact will Corporate Social Responsibility (CSR) have on your day-to-day? or the day-to-day of your business? Should you invest in Corporate Social Responsibility (CSR)? We will answer all your Corporate Social Responsibility (CSR) related questions here.

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Best Corporate Social Responsibility (CSR) Statistics

Best Corporate Social Responsibility (CSR) Statistics

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Corporate Social Responsibility (CSR) Benefits Statistics

A database like 360MatchPro can offer benefits for your team becauseWhen your supporters can easily determine if their employers participate in corporate giving programs, they’ll be more likely toengage with your organizationand. ^[0]
A database like 360MatchPro can offer benefits for your team because When your supporters can easily determine if their employers participate in corporate giving programs, they’ll be more likely toengage with your organizationand. ^[0]
Brands with a purpose set on improving our quality of life outperform the stock market by 120 percent.⁸ Workplace giving not only benefits the receiver but the giver as well. ^[1]

Corporate Social Responsibility (CSR) Market Statistics

Brands with a purpose set on improving our quality of life outperform the stock market by 120 percent.⁸ Workplace giving not only benefits the receiver but the giver as well. ^[1]
Fact #1—Companies with a clearly defined sense of purpose are up to 50% more likely to successfully expand into a new market. ^[2]
Effective CSR strategies can increase market value by 4. ^[3]
Companies with a clear, defined sense of purpose are 50% more likely to successfully expand into a new market. ^[3]

Corporate Social Responsibility (CSR) Latest Statistics

As is often the case, this increased consumer awareness has led to businesses embracing CSR practices An estimated 90 percent of companies on the S&P 500 index published a CSR report in 2019, compared to just 20 percent in 2011. ^[4]
This is compared to just 37 percent who believe it’s most important for a company to make money for shareholders. ^[4]
Up to 54 percent of consumers say they’ve stopped buying from a company due to its public position on an issue, while 48 percent of investors have decided not to invest in a company for that same reason. ^[4]
A further 88 percent believe it’s no longer acceptable for companies to make money at the expense of society at large. ^[4]
A further 60 percent would take a pay cut to work at a purpose. ^[4]
Nearly 90 percent of executives believe a strong sense of collective purpose within their organization drives employee satisfaction. ^[4]
A further 84 percent believe it affects the organization’s ability to transform, and 80 percent believe it can increase customer loyalty. ^[4]
A further 44 percent indicate their organization doesn’t currently have a strong sense of purpose but is in the process of developing one. ^[4]
Only 51 percent of organizations that are in the process of developing their sense of purpose and 42 percent of those that don’t have a sense of purpose have seen similar gains. ^[4]
Here’s how we know 94% of Gen Z now think companies should address pressing social and environmental issues. ^[5]
90% of the consumers surveyed are more likely to trust and be loyal to socially responsible businesses compared to companies that don’t show these traits. ^[5]
90% of the shoppers surveyed would boycott companies if they found the firms engaged in irresponsible business practices, with 55% of the respondents having already done so in the past year. ^[5]
91% of the global population wants to see businesses do more than just make a profit. ^[5]
88% of people want to know about a company’s CSR efforts, and 84% would “tell friends and family” about a company’s CSR efforts. ^[5]
85% of consumers have a more positive image of a product or company when it supports a cause they care about. ^[5]
92% want to buy a product that supports a cause. ^[5]
72% of consumers believe companies should have a legal responsibility to people and the planet. ^[5]
67% of respondents prefer to work for socially. ^[5]
Engaging in socially valuable projects can reduce employee turnover by approx 50%. ^[5]
According to Deloitte, 70 percent of millennials studied listed their company’s commitment to the community as an influence on their decision to work there. ^[5]
Thus, 70 percent of those surveyed declared that they were rather loyal to the products of such companies. ^[6]
Available to download in PNG, PDF, XLS format 33% off until Jun 30th. ^[6]
40% of Fortune 500 companies offer volunteer grant programs. ^[0]
For example 65% of Fortune 500 companies offer matching gift programs. ^[0]
12% of total corporate cash contributions to nonprofits are made through matching gift programs. ^[0]
For example 40% of Fortune 500 companies offer volunteer grant programs. ^[0]
80% of companies with volunteer grant programs provide between $8 $15 per hour volunteered. ^[0]
The average corporate volunteer participation rate is 30%. ^[0]
According to their CSR initiative, Microsoft has committed to helping reduce operational emissions by 2030. ^[0]
During the 2016 survey, 32 percent of the respondents stated that CSR sometimes affected their decisions, while 16 percent said it had a strong influence on their purchasing decisions. ^[7]
Available to download in PNG, PDF, XLS format 33% off until Jun 30th. ^[7]
CSR initiatives can help nonprofits make up that leftover 25% after they’ve looked to individual donors. ^[8]
28% of total giving went to education programs, while 25% went to health and social services and 16% went to community and economic development programs. ^[8]
Check out these statistics 65% of Fortune 500 companies offer matching gift programs. ^[8]
84% of donors say they’re more likely to make a donation if a match is offered. ^[8]
12% of total corporate cash contributions have gone through corporate matching gift programs. ^[8]
For example 40% of Fortune 500 companies offer volunteer grant programs. ^[8]
80% of companies with volunteer grant programs offer between $8 $15 per hour volunteered. ^[8]
66% of companies that were surveyed provided paid release time volunteer programs Volunteer grants essentially help nonprofits meet their volunteering and fundraising goals at the same time. ^[8]
Turnover dropped by 57 percent in the employee groups most deeply connected to their companies’ giving and volunteering efforts.⁵. ^[1]
Seventysix percent of millennials consider a company’s social and environmental commitments when deciding where to work and nearly two thirds (64%). ^[1]
A Harvard Business Review survey found that 89 percent of executives surveyed believe a strong sense of collective purpose drives employee satisfaction.⁴. ^[1]
According to a study by Unilever, 33 percent of global consumers are now choosing to buy from brands they believe are doing social or environmental good.¹. ^[1]
Most consumers – 78 percent – would tell others to buy products from purpose driven companies.¹⁰ With consumer trust of businesses waning, customers who advocate on behalf of a brand are more valuable than ever before. ^[1]
#2—50% of millennials say they would take a pay cut to find work that matches their values. ^[2]
Fact #7—Disaster relief accounted for just 3% of overall corporate giving in 2018, with the vast majority of gifts directed to immediate disaster relief, as opposed to risk reduction. ^[2]
Fact #8—Of 53 companies surveyed, almost all companies (79%). ^[2]
#10—71% of US millennials hope companies will take the lead on the social issues they find important. ^[2]
#11—40% of consumers seek purposeful brands and trust in brands to act in the best interest of society. ^[2]
#12—76% of respondents believe CEOs should take the lead on change rather than waiting for the government to require it. ^[2]
#14—Employees who are engaged and have high well being are 19% more likely to volunteer their time in the past month. ^[2]
#15—83% of executives believe skills based volunteerism could help employees satisfy their desire for purpose and hone their teamwork and leadership abilities. ^[2]
#16—Only 26% of executives say their companies have utilized skills. ^[2]
Nielsen Global Corporate Sustainability Report , Nielson found that “66% of global consumers say they are willing to pay more for sustainable brands up 55% from 2014.”. ^[9]
It also found that 73% of global Millennials are willing to pay extra for sustainable offerings up from 50% in 2014. ^[9]
Numbering more than 80 million strong, Millennials already account for an estimated $1 trillion of U.S. current consumer spending. ^[9]
In a study by Horizon Media’s Finger on the Pulse , “81 percent of Millennials expect companies to make a public commitment to good corporate citizenship.”. ^[9]
According to the 2015 Cone Communications Millennial CSR Study , “More than ninein10 Millennials would switch brands to one associated with a cause (91% vs. 85% U.S. average), and two thirds use social media to engage around CSR (66% vs. 53% U.S. average). ^[9]
COVID 19 Get the compendium to learn What percentage of CSR leaders are funding new organizations with a racial equity mission. ^[10]
73% of investors state efforts to improve the environment and society play into their investment decision. ^[3]
An estimated 90% of companies on the S&P 500 index published a CSR report in 2019, compared to just 20% in 2011. ^[3]
25% of consumers and 22% of investors cite a “zero tolerance” policy toward companies that embrace questionable practice on the ethical front. ^[3]
Nearly 99% of CSR professionals believe COVID 19 has impacted their CSR efforts and initiatives. ^[3]
In terms of purchasing decisions 78% of respondents are more likely to remember a company with a strong purpose. ^[3]
85% of consumers want organisations to solve their own problems, while 80% want them to solve society’s problems. ^[3]
With a strong purpose, consumers are 4 times more likely to purchase from a brand, 4.1 times more likely to trust it, and 4.5 times more likely to champion the brand and recommend it to friends and family. ^[3]
68% of online consumers in the UK and US would or might stop using a brand because of poor or misleading CSR. ^[3]
In the wake of COVID 19, consumers want brands to focus on Up to 54% of consumers have stopped buying from a company due to its public position on an issue, while 48% of investors have decided not to invest for that same reason. ^[3]
38% of investors have gone a step further and sold shares. ^[3]
CSR strategies can help companies avoid revenue losses of roughly 7%. ^[3]
When a company leads with purpose, respondents were 78% more likely to want to work for that company. ^[3]
93% of employees believe companies must lead with purpose. ^[3]
70% of employees wouldn’t work for a company that lacked purpose. ^[3]
More than half . ^[3]
90% of employees who work at companies with a strong sense of purpose say they’re more inspired, motivated, and loyal. ^[3]
Engaging in socially valuable projects can reduce employee turnover by approximately 50%. ^[3]
41% of managers say they are “too busy” to implement any kind of diversity and inclusion initiatives. ^[3]
Just 1% of Fortune 500 companies have Black CEOs. ^[3]
Only 3.2% of Fortune 500 companies release race and gender data. ^[3]
Black candidates are 50% less likely to receive call backs than white candidates. ^[3]
Almost one in five LGBT staff (18%). ^[3]
10% of Black, Asian, and minority ethnic LGBT staff have been physically attacked because of their sexual orientation and/or gender identity, compared to 3% of white LGBT staff. ^[3]
18% of LGBT people who were looking for work said they were discriminated against because of their sexual orientation and/or gender identity while trying to get a job. ^[3]
One in five trans people (21%). ^[3]
The gender pay gap still stands at 12.5%. ^[3]
Of both men and women, 40% believe there’s a double standard when it comes to hiring men and women. ^[3]
Women ask for pay rises at the same rate as men, yet receive them at a 5% lower rate. ^[3]
43% of companies with diverse boards noticed higher profits. ^[3]
Inclusive companies are 1.7 times more innovative and 120% more likely to hit their financial goals. ^[3]
The GDP could increase 26% by equally diversifying the workforce. ^[3]
67% of candidates seek out diverse companies. ^[3]
78% of people believe diversity and inclusion offer a competitive advantage. ^[3]
Gender diverse executive teams are 21% more likely to outperform on profitability. ^[3]
Gender diverse companies are 15% more likely to have higher performance. ^[3]
Organisations with equal men and women earn 41% higher revenue. ^[3]
32% of consumers consider themselves highly engaged in adopting a more sustainable lifestyle. ^[3]
84% say a poor environmental track record would or might cause them to stop buying from a brand. ^[3]
70% of purposedriven shoppers pay an added premium of 35% for sustainable purchases, such as recycled or eco. ^[3]
According to the Governance and Accountability Institute, 86% of the S&P 500 Index companies published a sustainability or corporate responsibility reports in 2018. ^[11]
In fact, CSRled companies were found to have returns 19 times higher those with a poor CSR rating, according to a three year study by the Kenexa High Performance Institute in London , which included 175 companies. ^[11]
A great example is Levi Strauss & Co, whose Water^[11]
Ecomagination has generated $200 billion in sales according to the company. ^[11]
In a study by Horizon Media’s Finger on the Pulse , 81% of millennials said they expect companies to make a public commitment to good corporate citizenship. ^[11]
Examples might include reducing emissions by a certain percentage in 5 years, or moving to 100% renewable energy by a certain date. ^[11]
Its People & Planet initiative calls for its entire supply chain to be 100% sustainable by 2020, even as the company aims to double sales by the same year. ^[12]
Roughly 30% of aggregate funds were going to the arts, 25% to sports, 20% to civic activities, 5% to education, and 3% to health. ^[12]
The report finds that 77% of consumers say they would be more willing to purchase a company’s products or services if the company demonstrates a commitment to addressing social, economic and environmental issues; 73% of investors agreed. ^[13]
Furthermore, nearly half of respondents said companies need to “make the world a better place,” compared to only 37% who claimed it’s more important for businesses to make money for shareholders. ^[13]
Workers with histories of depression miss roughly 68 million more work days per year than those who do not, which amounts to an estimated 423 billion in company losses. ^[13]
Credit cards, payday loans, etc. have interest rates in excess of 20%. ^[13]
Businesses, on the other hand, can borrow money at 2. ^[13]

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Reference

360matchpro – https://360matchpro.com/corporate-social-responsibility/.
givinga – https://www.givinga.com/insights/blog/10-workplace-giving-statistics/.
globalgiving – https://www.globalgiving.org/learn/listicle/csr-facts-you-need-to-know.
impactreporting – https://impactreporting.co.uk/social-value-stats/.
hbs – https://online.hbs.edu/blog/post/corporate-social-responsibility-statistics.
viewsforchange – https://viewsforchange.com/list-statistics-demonstrate-importance-csr/.
statista – https://www.statista.com/statistics/1064093/impact-csr-policy-customer-loyalty/.
statista – https://www.statista.com/statistics/319947/csr-effect-purchase-decisions-usa/.
doublethedonation – https://doublethedonation.com/tips/corporate-social-responsibility/.
georgetown – https://csic.georgetown.edu/magazine/corporate-social-responsibility-matters-ignore-millennials-peril/.
formomentum – https://formomentum.com/social-impact-stats-compendium-2021/.
qualtrics – https://www.qualtrics.com/blog/value-of-csr/.
hbr – https://hbr.org/2015/01/the-truth-about-csr.
smartrecruiters – https://www.smartrecruiters.com/blog/top-corporate-social-responsibility-trends-in-2020/.

One of the key arguments in favor of CSR is that it helps companies build trust and credibility with their stakeholders. By demonstrating a commitment to social and environmental causes, companies can enhance their reputation and attract customers who are increasingly conscious of the ethical practices of the companies they support. This can create a virtuous cycle where companies that do good are rewarded with customer loyalty and increased market share.

Moreover, CSR can also have benefits for companies internally. Employees are more likely to be engaged and motivated when they feel a sense of pride in the company they work for and believe that their work is contributing to the greater good. This can lead to increased productivity, lower turnover rates, and a more positive work culture overall. Companies that invest in CSR programs can also attract and retain top talent, as employees are increasingly looking for employers that share their values and are committed to making a positive impact on society.

In addition, CSR can also have tangible benefits for the communities in which companies operate. By supporting local charities, volunteering time and resources, and implementing sustainable business practices, companies can make a real difference in the lives of those who live and work in the communities where they do business. This can help to build goodwill and trust with local residents, as well as with governments and regulators who may play a role in shaping the business environment.

Despite these benefits, there are also skeptics who question the value of CSR initiatives. Some argue that CSR is simply a form of “greenwashing,” where companies engage in superficial efforts to appear socially responsible without making any meaningful changes to their core business practices. This can be seen in cases where companies make large donations to charity while simultaneously engaging in environmentally harmful practices, or where companies tout their CSR commitments in marketing materials while mistreating their workers or engaging in unethical business practices behind the scenes.

Others argue that a focus on CSR may distract companies from addressing more pressing issues, such as income inequality, climate change, or human rights abuses. While CSR can certainly make a positive impact at a local level, some critics argue that it is ultimately a band-aid solution that does not address the root causes of social and environmental problems. In order to create a truly sustainable and equitable future, companies may need to go beyond CSR and fundamentally rethink their business models and practices.

In conclusion, while corporate social responsibility can have many benefits for companies, employees, and communities, it is important for companies to approach CSR with a genuine commitment to making a positive impact and not simply as a PR exercise. By aligning CSR initiatives with core business values and practices, companies can create more meaningful change and contribute to a more sustainable and equitable future for all.

In Conclusion

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