Corporate social responsibility is the idea that businesses, especially large, well-endowed corporations, should be socially, environmentally, and otherwise responsible. Without such policies, the world as we know it will degrade for both ourselves and future generations.
Vin Gupta and his investment firm, Everest Group, act responsibly in placing their investments as one of their major strategies. In other words, Everest Group won’t invest in businesses that fail to be socially responsible, no matter how well their prospects may seem.
Here are several reasons why Vin Gupta stay true to proper corporate social responsibility policies.
People increasingly do business with businesses that do good business
In the past few decades, people would do business with whichever businesses they thought provided the most value to them. Today, people are readily swearing off businesses that fail to act responsibly. For example, some businesses dump small amounts of waste into the environment as allowed by United States law. Environmentally-minded people don’t entertain those businesses’ offers, no matter how good they might seem. Read This Article for related information.
As time marches onward, more people will act responsibly in determining which businesses get their business. Organizations that fail to demonstrate corporate social responsibility will inevitably fail to succeed.
Everest Group gains positive press by doing away with investments in irresponsible businesses
Corporations have one goal in mind – to generate profit and growth. Those that do so in an irresponsible manner are not invested in by Everest Group. Everest Group is able to push out press releases that tell the public about its decisions to invest in responsible business entities.
This results in positive press for Everest Group and Vinod Gupta. Although gaining such positive press isn’t the underlying reason why they only invest in responsible companies, it certainly is a valuable benefit.
See Also: https://about.me/vinodgupta1