Does your business have a CSR strategy?

May 28, 2023

Does your business have a corporate social responsibility (CSR) strategy? We’ve got the lowdown on how to set up a positive CSR strategy for your company.

Having a 'corporate social responsibility (CSR)' strategy was something that used to be the sole preserve of giant corporations.


But with the social and environmental impacts of business evermore transparent, it's good practice for every business – both large and small – to have a CSR policy that reflects your core values and goals as an organisation.


1. What is a corporate social responsibility (CSR) strategy?


CSR is a form of self regulation. Your CSR strategy measures the impact your business has on the local community and environment, and will help you focus your efforts on providing charitable support, community interactions and other ways of improving your positive impact.


2. How do you improve your social and environmental impact as a business?


Your CSR strategy helps you proactively improve your company’s social and environmental impacts – so you carry out positive work and make your business into a good global citizen.


This could mean cutting your emissions and carbon footprint as a business. It could mean hiring more local people to boost the economy. Or it could mean working with nearby charities, not-for-profit organisations or social enterprises to support good work in your community.


3. Why should your CSR strategy mirror your organisation's core values?


As a business, you almost certainly have a set of core values that define how you do business. Your CSR strategy should reflect those core values. This helps you demonstrate the ways that your values, beliefs and long-term goals are ingrained in your long-term business plan.


For example, if ‘thinking greener’ is one of your core values, you need evidence that your CSR strategy is focused on making your operations more sustainable. If ‘community minded’ is a core value, you must be able to show how you’re reaching out to your local community to offer charitable help, funding and support etc.


4. How do you measure your CSR performance?


The key to measuring your CSR performance is to set clear targets for each area of your CSR strategy. By setting clear goals and timelines, you can track the business against these aims and measure your performance over time.


Including your CSR aims and performance in your annual report is a great way to hold yourself to account, while also being transparent and public about your performance.


5. What's the best way to promote your CSR strategy?


Talking about your CSR goals and performance is an important part of being transparent about the good work you’re doing. But be careful about your wording and resist the temptation to make this a case of self-promotion.


If you run an event with a local charity, blog about it, or post a video from the day, and make sure you give the charity plenty of space to talk. If you’re doing work to help cut your use of single-use plastics, include a short update in your next newsletter, or ask staff for their ideas on how to meet this goal more effectively.


Start thinking about your corporate social responsibility strategy



Having a transparent CSR strategy should be an important goal for any business. Consumers and business clients want to know what their favourite companies are doing to improve the company’s impacts on the outside world.


5 things your balance sheet can tell you about your finances
February 25, 2026
Your balance sheet is a key financial statement to understand. So we’ve highlighted five ways your balance sheet can keep you informed about your financial health.
Interest rates go up: how could this affect your finances?
February 25, 2026
The Reserve Bank of Australia has increased interest rates from 3.6% up to 3.85%. What does this rise mean for you, your business and your financial opportunities?
February 25, 2026
What Employers Need to Know Before 1 July 2026
What is a trade tariff and how could these customs taxes impact your small business?
February 6, 2026
We’ve heard a lot about trade tariffs in the news. But what is a trade tariff and how could these customs taxes impact your small business?
Do you know where to start when updating your systems to modern, digital tools?
February 6, 2026
Do you know where to start when updating your systems to modern, digital tools? We share five steps for getting the best from your new digital tools.
63% of Australian businesses say they are losing money to late payments.
February 6, 2026
63% of Australian businesses say they are losing money to late payments. Here’s what you can do to get your late payment issues under control.
54% of employees prefer a combination of in-office and remote work.
February 6, 2026
54% of employees prefer a combination of in-office and remote work. Are you making moves to switch to flexible working? We explain why it's is the way forward.
Are you drowning in business admin? Automation is the answer.
February 6, 2026
Are you drowning in business admin? Automation is the answer. We’ll help identify automation opportunities and choose the best apps to drive an efficient business.
The basics of strategic advice: why your business needs an evolving strategy
December 5, 2025
When did you last review your business strategy? We share four areas you should revisit and update to create the best possible strategic and growth outcomes.
Promoting your business in the digital age
December 5, 2025
Is your digital marketing strategy still fit for purpose? Here are 4 key elements your business should be using to advertise your brand + engage with new customers.