In my industry, being a good neighbor isn't an aspirational, box-ticking exercise. It's a must - not only to gain access to the communities where we do business but also to ensure we retain local employees and protect our investment.
Businesses practicing corporate social responsibility can increase their market value by up to 6% and their revenue by as much as 20%. Being a good neighbor is crucial for setting a company up for long-term success.
The benefits of building strong relationships with local stakeholders often far outweigh the costs. No matter the industry, being a good corporate neighbor contributes significantly to business sustainability and success.
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