A Duty to do Good?
What is the social responsibility of management? Do leaders of companies have an obligation to do good or give back to society in some way? For many traditional companies, the answer may be “no.” This has been the case for a long time. But in recent years this has been changing. Social entrepreneur companies are focusing on a triple bottom line rather than the older model of prioritizing profits. These companies practice corporate social responsibility by minding their economic, societal, and profit-seeking goals. This is the triple bottom line model. These companies believe that there is a social responsibility of management. Leaders of these companies often set up programs to address social issues.
A Better World for All
One company that believes in and practices the social responsibility of management is Bright Funds. This nonprofit funding company asks, “how would you invest in a better world?” It gives users the ability to manage their charitable giving through a custom portfolio. Investors can pick the organizations they want their money to support, based on their personal favorite causes.
Health Fund
Clients can choose to support cancer research, diabetes education, reproductive health, AIDS research and many other health-related causes. Health-related organizations are all grouped under the Bright Funds Health Fund.
Environment Fund
Bright Funds also maintains an Environment Fund. This fund includes nonprofits that focus on a more sustainable way of living. As Bright Funds sees it, safeguarding the environment is part of the social responsibility of management. Environment Fund companies engage in outreach to raise awareness of climate change. They also work on projects to promote responsible forestry, conservation of natural resources, and clean drinking water.
Poverty Fund
The final fund Bright Funds finances, and offers as part of a giving portfolio, is the Poverty Fund. The mission of this fund is to ensure that people are provided with the basic essentials to ensure quality of life. These goals include food security and hunger relief, essential needs and resources, durable and safe housing, and economic empowerment. These four areas are vital for people living in poverty to lift themselves out of it and become self-sufficient.
Taking Responsibility
Bright Funds takes the social responsibility of management seriously. Their leaders and managers make it simple for investors to target the charities and nonprofit groups they want to help. Their various funds provide plenty of choice for customers. The problems facing our world are big, so Bright Funds thinks big in its approach and empowers others to do the same.