ICAP: corporate social responsibility gains ground

With the establishment of Corporate Social Responsibility (CSR) as a Greek company, ICAP Group, as part of its annual initiative Leading Employers in Greece, conducted a primary survey according to which the majority of companies (62%) spend up to 200,000 euros a year for CSR programs and actions. About one quarter (24%) of companies spend between 200,000 and 1 million, while 14% of companies spend between 1 and 5 million.

The main employers in Greece emphasize the vital importance to companies of broader human resource management and development practices as well as social action and promotion programs [19659003] The chairman and CEO of ICAP group Nikitas Konstantelus said on the results of the survey that corporate social responsibility has gained ground in recent years, but the economic environment unstable and Difficult is a hindrance to the pursuit of growth

However, as Mr. Constantine added, large companies recognize the importance of CSR and seem to rank it high enough in their commercial activities [19659005]. "It is characteristic that CSR is considered" "or" too "in 89% of companies (the sample), an increase of 5% over last year's survey. is also encouraging that almost two in three companies have increased their CSR spending in 2017 compared to the previous year, "he continued.

However, as large companies CSR has not yet been sufficiently developed by all Greek companies since 66% believe that the penetration / implementation of its practices is moderate and only 2% of the sample considers that CSR is highly applied by National Companies

"The current economic environment with 22% and the economic cost of 20% are considered the main inhibitors of the implementation of CSR by Greek companies," said Konstantelos. [19659003] In conclusion, he stressed "CSR should not be seen simply as an extra cost for companies, but as an investment with specific objectives, measurable results and benefits, both for the company itself and for the company. society as a whole. The critical points are therefore the awareness of society and consumers, the training of business leaders and the adoption of appropriate initiatives and public strategies that will encourage a greater proportion of companies adopt best practices in CSR.