Donald M. Pepe
Partner
732-568-8370 dpepe@sh-law.comKey Contacts
Back
Being a good corporate citizen does matter, according to recent studies involving both consumers and executives.
Marketing agency Good.Must.Grow (GMG) found that many consumers consider social responsibility when purchasing products or services. Of the 1,015 survey respondents, 60 percent indicated that buying goods from socially responsible companies is important to them. Treatment of employees ranked as the most important factor (45 percent), which was followed closely by environmental impact (38 percent). Transparency, corporate oversight, and impact on society were also cited as considerations.
Companies also continue to recognize the value of corporate responsibility. The Boston College Center for Corporate Citizenship recently found that four of every five executives from all business types and industries believe that environmental, social (including philanthropy) and governance investments generate tangible financial benefits.
On the local level, Newark Mayor Cory Booker recently credited New Jersey businesses with helping revitalize the City. He was the keynote speaker at the third annual Corporate Responsibility Forum. Booker discussed how rather than simply donating money, areas businesses provided human resources and expertise. “The businesses knew more about investing than I did,” he noted.
CR Magazine also released its list of “100 Best Corporate Citizens” during the event. CR ranks companies based on seven categories: environment, climate change, employee relations, human rights, governance, finance, and philanthropy. This year’s top spot went to AT&T. New Jersey based Bristol-Myers Squibb Co. was ranked third.
If you have any questions about corporate responsibility or how it may impact your operations, please contact me, Donald Pepe, or the Scarinci Hollenbeck attorney with whom you work.
- Practices: Corporate Law & Financial Transactions Legal Services, Corporate Transactions & Business
- Locations: Red Bank, NJ, New York City, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
How to Conduct a Fair and Legal Employee Termination in 2025
Ongoing economic uncertainty is forcing many companies to make tough decisions, which includes lowering staff levels. The legal landscape on both the state and federal level also continues to evolve, especially with significant changes to the priorities of the Equal Employment Opportunity Commission (“EEOC”) under the Trump Administration. Terminating an employee is one of the […]
Author: Angela A. Turiano
Admin Dissolution for Annual Report: What You Need to Know
While filing annual reports may seem like a nuisance, failing to do so can have significant ramifications. These include fines, reputational harm, and interruption of your business operations. In basic terms, “admin dissolution for annual report” means that a company is dissolved by the government. This happens because it failed to submit its annual report […]
Author: Dan Brecher
What Is Antitrust Litigation Law?
Antitrust laws are designed to ensure that businesses compete fairly. There are three federal antitrust laws that businesses must navigate. These include the Sherman Act, the Federal Trade Commission Act, and the Clayton Act. States also have their own antitrust regimes. These may vary from federal regulations. Understanding antitrust litigation helps businesses navigate these complex […]
Author: Robert E. Levy
Dissolving Your Business: Essential Legal Steps to Protect Your Interests
If you’re considering closing your business, it’s crucial to understand that simply shutting your doors does not end your legal obligations. Unless you formally dissolve your business, it continues to exist in the eyes of the law—leaving you exposed to ongoing liabilities such as taxes, compliance violations, and potential lawsuits. Dissolving a business can seem […]
Author: Christopher D. Warren
The Role of Corporate Restructuring in Mergers & Acquisitions
Contrary to what many people think, corporate restructuring isn’t all doom and gloom. Revamping a company’s organizational structure, corporate hierarchy, or operations procedures can help keep your business competitive. This is particularly true during challenging times. Corporate restructuring plays a critical role in modern business strategy. It helps companies adapt quickly to market changes. Following […]
Author: Dan Brecher
Crypto Enforcement: A Former Prosecutor’s Warning to Criminals and the Public
Cryptocurrency intimidates most people. The reason is straightforward. People fear what they do not understand. When confusion sets in, the common reaction is either to ignore the subject entirely or to mistrust it. For years, that is exactly how most of the public and even many in law enforcement treated cryptocurrency. However, such apprehension changed […]
Author: Bryce S. Robins
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.