‘Businesses must improve CSR to stay afloat’

A Senior Adviser, Government Relations at Honeywell Group Limited (HGL), Mrs Oluwayemisi Busari, has urged businesses to improve on Corporate Social Responsibility (CSR) and look beyond making money to remain afloat in difficult times.

In an interview with Daily Trust, she said: “We are all in business to make a profit. However, in making a profit, you must also give back and those are parts of the policies that you need to put in place.

“We, as an organisation, take our people seriously; we are purpose-driven. We have objectives and we are very particular about our performance.

“You must be flexible, and you must respect your people because you are there for the people,” she noted.

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The corporate governance expert also advised businesses to take digitisation seriously.

“The world is moving and you have to move with the world. You need to digitise most of your processes and by doing that, you also cut down on cost. All of these things make you profitable.”

She also said businesses needed to improve their relationship with the government. “If you are involved in giving back, you will improve your relationship with the government and naturally, the government will support your business,” she said.

Speaking on how HGL was able to remain afloat all these years, she said: “We brought innovation into play and improved partnership with the government.