Importance of CSR for Royal Mail

Evaluate the importance
of CSR for the Royal
Mail

Table of Contents
INTRODUCTION...........................................................................................................................3
Evaluation of importance of Corporate Social Responsibility (CSR) for the company-.................3
Define Corporate Governance and Corporate Social Responsibility (CSR)-..............................3
History of Corporate Governance in the UK with examples-......................................................4
Importance of CSR for organizations with particular emphasis on the company-......................4
Evaluations of Archie Carroll's Pyramid of CSR - .........................................................................5
CONCLUSION................................................................................................................................6

INTRODUCTION
Corporate Social Responsibility is very important for the Royal Mail. The Royal Mail can
raise their business with the help of the CSR activities. The employee retention can be gained by
company easily and thus annual turnover of employees can be raised. Company can develop
their brand image among the consumer and attract more and more consumers towards the
company's product and services.
Royal Mail Group Plc is the postal service and courier organization in United Kingdom.
The company is formed in 1516. It provides the delivery services and mail collection services
across United Kingdom. The above report includes definition of Corporate Governance and
Corporate Social Responsibility (CSR). The explanation to brief history of Corporate
Governance in United Kingdom. The study carried forward with importance of CSR for
company with particularly emphasis on Royal Mail. The report ends with the explanations of
Archie Carroll's Pyramid of CSR
Evaluation of importance of Corporate Social Responsibility (CSR) for the
company-
Define Corporate Governance and Corporate Social Responsibility (CSR)-
Corporate governance is set of processes, rules or laws by which any business can
controlled, regulated and operated. It also includes external and internal factor which affects the
company's interests for stakeholders, concluding customers, management, shareholders,
government regulators and suppliers. Board of directors of company is responsible for
developing framework for corporate governance which the best line up conducts for business
with its aims and objectives.
Corporate Social Responsibility is when organization operates in social and ethical way
and in future also deals with social and environmental impacts (Gond and et.al., 2017). It is
consideration of human rights, community, society and environment in which business activity is
conducted. It renders an opportunity to company for working towards betterment of the society
and developing it as the better place for enjoying and living. Companies are not legally bounded
by government to have a contribution in the CSR but it should be followed by the company as it
is the good practice. It renders better opportunity for company to work for society's betterment.