An award-winning philanthropist and entrepreneur in Tampa, Florida, Jonathan “Jon” Yob has been working in the business development, management, and real estate ownership sectors for over two decades. The president of the Yob Family Foundation, Jonathan Yob of Tampa serves as the founder and president of JAY Management Corporation, an asset management company that promotes socially conscious business operations as a way of benefiting stakeholders.
There are four basic categories of corporate social responsibility: economic, environmental, philanthropic, and human rights responsibility.
1. Environmental responsibility. Businesses that enact environmental sustainability initiatives work on reducing greenhouse gases and limiting pollution. To do this, companies must analyze their processes and make changes that reduce their carbon footprint.
2. Economic responsibility. This addresses the long-term growth of a business and involves balancing economic decisions with their effect on society. For instance, companies focused on economic responsibility may change their manufacturing process to use recycled products.
3. Philanthropic responsibility. Supporting health initiatives, funding educational programs, and donating to causes are all examples of philanthropic responsibility. These initiatives give money or resources to organizations with varying levels of reach.
4. Human rights responsibility. Workforce practices fall under this category. They include actions such as denouncing child labor and incorporating fair labor practices, like equal pay.
