May 21, 2018 Last Updated 7:58 AM, May 18, 2018

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Social responsibility not a top priority for Australian business leaders, says study

business tech tableAusBNAusBN - A new Deloitte report has found that less than a quarter of Australian business leaders believe social responsibility is a top priority in their corporate strategy.

The global accountancy firm’s Human Capital Trends 2018: The Rise Of The Social Enterprise report surveyed more than 11,000 HR and business leaders globally on the future of work.

Of the Australian business leaders surveyed, only 23% labelled social responsibility a top priority and worse still, 53% admitted it was not a focus for them.

David Brown, Deloitte human capital leader, said: “Society’s expectations of business are changing. The focus is now clearly on business’ role in society as a driver of change, just look at the role they played in the marriage equality debate in Australia late last year.

“Organisations today are judged for more than their success as a business. They’re now being held responsible for their impact on society at large – their role as a social enterprise,” he continued.

“This year’s report is a wake-up call for organisations to look beyond their own four walls, cultivate these relationships in a meaningful way and reimagine their approach to their workforce –  and their broader role in society – if they want to succeed.”

@AusBNOnline

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