Understanding Corporate Social Responsibility: A Path to Sustainable Development (Full Transcript)

Speaker 1: Let's talk about CSR, Corporate Social Responsibility. What exactly does it mean? Global warming, Diminished natural resources, The extinction of various animal and plant species, Global population increase, And migration. Amongst others, these are some of the real environmental and social issues we face today. How can we address these issues whilst ensuring food, education and health for all? How can we ensure that economic development and technological progress benefit the greatest number of people? Faced with these challenges, a more sustainable, developmental approach becomes necessary. This requires the commitment of all international organisations, governments, associations, companies, citizens, everyone is concerned. And in practice, what can a company do? The overall goal is to combine economic progress, social justice and environmental preservation. Based on its corporate social responsibility, a company can ensure that its economic growth is beneficial to everyone, Its suppliers, Employees, Customers, The local population, In short, all its stakeholders, whilst minimising its impacts on the planet. Depending on the sector of activity, the specific issues and challenges differ from company to company. Let's take a pharmaceutical company. It can act responsibly in many ways. For example, Offer to as many people as possible, safe and quality medicines. Take into account the needs of patients by supporting them throughout their healthcare. And for all companies, being responsible also means taking care of its employees and ensuring their safety at work. It also means being compliant with the application of the various laws and regulations, as well as defining ethical business practices. It also means reducing the environmental impacts of its production sites and choosing less polluting modes of transport. Thus, the ambition for a responsible company is to contribute to an economically efficient, socially equitable and environmentally sustainable development, whilst ensuring its profitability and economic growth. As such, corporate social responsibility, CSR, is now recognised as a real performance driver. Particularly because it encourages innovation, reduces costs and brings employees together around a meaningful project. Within our daily activities, both individually or collectively, we can all be part of this evolution and that's what's really inspiring. And at Servier, CSR is a conviction, resulting in concrete actions implemented with enthusiasm. www.servier.com