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CSR – sustainability in chemistry business gains popularity

 Over the past years corporate social responsibility (CSR) has gained explicit popularity in the metal, chemistry and oil industry. In addition to various ISO standards which companies have to maintain by law, companies started to follow various pollution and work environment regulations. Professional institutions and organizations are responsible for control and certifications. Besides the importance of ecology, the additional certifications help to gain more and more positive feedback from various stakeholders like customers, conservationists and staff. Although the companies are acting self dependent, optional pollution control result more and more in chain reactions. To reach the expected product quality, most of the bigger ventures are requesting higher quality and sustainability of their component suppliers and professional business partners. This ensures product safety and staff security on an advanced level.

A common area for CSR in companies in the chemistry business is the protection of environment and society. Companies like Metall-Chemie GmbH & Co. KG, which is one of the leading players in producing lubricant additives (i. e.: corrosion inhibitors and EP-additives), integrate CSR into their business model by following regulations like REACh and Responsible Care.

The multiplicity of the sphere of activity is concept of the open and vast character of CSR. This exemplifies the non-existence of a “one-size-fits-all” approach for social responsibility of corporations. In fact they need flexibility and latitude to assume their part of responsibility and to make a contribution to a gentle acquaintance with resources, for social and economic development. Companies have to be self-dependent in their decision about their division of dedication.

Through the proceeding globalization today’s companies are challenged more than ever to keep pace with the competition. To ensure this ability to compete through the increasing complexity of the global economy they have to enlarge the range of their business objects from customers to component suppliers, competitors and stakeholders. This contains others, who are using environmental resources to obtain their gains. By international comparison Germany achieved a high level of pollution control and appertaining standards. Negotiated environmental agreements take part in this and help to convent cost-effective and environmental friendly production.

Consumers are center and moment of the business action. Major citizens of a free market economy are able to make purchase decisions in their own interests. A regulation framework – in this case an efficient right of verification – cares for security. This assumes the access to sufficient information and enough space for self-dependant action for consumers. The politic for consumers in a market economy concentrates on the protection of security based, hygienic and commercial interests of customers. That way the politic for consumers becomes an integral part of the market economy.

CSR activities can be structured in different ways. A common possibility is the classification by area of responsibilities. In doing so the inner area of responsibility pictures the commitments compared to the market and law



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Written by Avery

Business/Finance Blogger. I provide insight, business advice and consultancy to small and medium size businesses. Get in touch on Google + or follow 3_Business on Twitter

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