community-benefits

Vocabulary Word

Definition
Community benefits can be understood as advantages or profits shared by everyone in a community. These benefits commonly stem from projects, businesses, or policies aiding the community, like infrastructure improvements.
Examples in Different Contexts
In corporate social responsibility (CSR), 'community benefits' describe the positive impacts a company has on its local and broader communities, such as charity work, environmental sustainability initiatives, or local employment. A CSR manager might explain, 'Our CSR efforts are focused on creating community benefits that align with our company's values and support sustainable development.'
Practice Scenarios
Business

Scenario:

We've been thinking of ways our company could give back to the community. What steps should we explore?

Response:

Perhaps, we could offer internships to local students. It would provide community benefits while nurturing potential future employees.

Tech

Scenario:

Our latest platform is designed to be not only profitable but also positive for society. Ideas on how to increase these impacts?

Response:

We could implement digital literacy programs in underserved areas. This would surely offer tremendous community benefits.

Related Words
community-impactgreen-initiativescommunity-engagementsustainability-initiativesfinancial-inclusionsocial-impact-assessmentsustainable-systemssustainability-practices