In the framework of the project Responsible MED (Regional Policies for Responsible Development: Evaluation of CSR and Economic Performance in the MED Area), an electronic tool (software) was developed, that gives small-medium business the ability to assess:
- Their maturity level in terms of the incorporation of CSR practices into their operations
- Alternative CSR actions, taking into account their impact on business competitiveness
This project was co-funded by the European Regional Development Fund (ERDF) and the Ministry of Education, Lifelong Learning and Religion, while its implementation was undertaken by CSR HELLAS in partnership with the Athens University of Economics and Business.
One of the main objectives of the program was the assessment of the impact that the implementation of CSR practices has on the competitiveness of SMEs.
The use of the Responsible MED tool enables SMEs to choose CSR activities which contribute most to the improvement of their competitiveness, taking, simultaneously, into consideration the cost of implementing such practices.