Multinational corporation Garant Holding embraces the principles of corporate social responsibility in many ways, including its environmental stewardship, commitment to employees, and concern for the social and cultural wellbeing of Azerbaijan.
Garant Holding founder and president Anar Mammadov further demonstrates his commitment to corporate social responsibility through his leadership of the Azerbaijan America Alliance, a nonprofit organisation dedicated to strengthening ties between the US and Azerbaijan, and promoting Azeri culture abroad.
What is corporate social responsibility? Corporations exist primarily for the purpose of making a profit. However, many are now focusing more on broader responsibilities, which include social and environmental impacts. Corporate social responsibility is a way for corporations to give back to their communities while creating positive public perception.
As a member of Azerbaijani society, Garant Holding is committed to practising corporate social responsibility in all its undertakings. Garant Holding Chairman of the Board Anar Mammadov is dedicated to supporting sustainable economic growth that benefits all citizens of Azerbaijan. The company provides social assistance when necessary and participates in programmes that contribute to a bright future for Azerbaijan.
Garant Holding is active in improvement efforts in various sectors of society. The corporation strongly supports academic and educational initiatives through scholarship and exchange programmes. It sponsors charitable events for children, including holiday celebrations. Garant Holding is also dedicated to improving material infrastructure for the development of sport and competition in Azerbaijan.
By meeting specific ethical, social and environmental criteria in its commercial and social activities, Garant Holding builds capacity for social improvement. Through a multitude of long-term development projects, Garant Holding has a positive impact on the athletic, cultural, technological and educational areas of society. By aligning its corporate values with widely accepted traditions and regulations in Azerbaijan, and by focusing on human resource development and customer satisfaction, Garant Holding fulfills its corporate responsibilities to Azerbaijani society.
Business professionals generally agree on the importance of corporate social responsibility in today’s competitive, globalised world. Because many consumers take into account a corporation’s community impacts when making decisions about what goods or services to purchase, a company that disregards corporate social responsibility may risk losing customers. On the other hand, customers feel good about supporting a company that makes a positive difference in its communities.
A company with strong social values can build a positive public image through increased media visibility, and can provide a healthier, more enjoyable work environment for its employees.
Corporate social responsibility helps communities, customers and corporations. Garant Holding’s commitment to corporate social responsibility is part of its greater mission to make a positive difference in Azerbaijan and the world.