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Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
Corporate Social responsibility- CSR
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Corporate Social responsibility- CSR

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  • 1. Bijender<br />
  • 2. CORPORATE SOCIAL RESPONSIBILITY<br /><ul><li>"A concept whereby companies decide voluntarily to contribute to a better society and a cleaner environment“.
  • 3. A positive attitude of the corporate towards the society by rendering services and facilities.
  • 4. Minimizes the negative environmental and social impacts of business and maximizes their positive environmental and social impacts.</li></li></ul><li>THE LAW AND SOCIAL RESPONSIBILITY<br />
  • 5. Benefits of CSR <br />CSR behaviour can benefit the firm in several<br /> ways:<br />Attraction and retention of staff.<br />Attracts investments.<br />Leads to reduction in costs.<br />Differentiation from competitors.<br />Leads to increased profitability.<br />
  • 6. ARGUMENTS AGAINST SOCIAL RESPONSIBILITY<br /><ul><li> Reduce economic efficiency.
  • 7. Creates excessive costs.
  • 8. Lack of skills.
  • 9. Not accountable .</li></li></ul><li>Development of CSR Concept<br /><ul><li> “Social Responsibilities of the Businessman” -H R Bowen ,1953
  • 10. 1980’s</li></ul>Bhopal disaster<br />CSR activities incorporated in organizational setting<br />Linkages between business’s social and financial performance<br />
  • 11. Bhopal Gas Disaster<br /><ul><li>40 tons methyl iso cyanate escaped
  • 12. 20,000 have died
  • 13. More than 120,000 people </li></ul> still continue to suffer.<br /><ul><li>In 2001 Dow Chemical purchased Union Carbide.
  • 14. Union Carbide dumped waste in the surrounding areas, after the disaster, many tons of highly toxic simply abandoned. Greenpeace label the site a ‘Global Toxic Hotspot’.</li></li></ul><li>The 1990s<br /><ul><li>Globalization
  • 15. WTO</li></ul>‘reactive’ corporate social responsible initiatives<br /><ul><li>Enron
  • 16. Strategic CSR
  • 17. Corporate Sustainability, Corporate Social Performance, Triple Bottom Line</li></li></ul><li>21st century<br /><ul><li>CSR fusion and merger with marketing , operations, human resources, social entrepreneurship
  • 18. Codes ,regulations and legal frameworks(Global compact, AA1000)</li></li></ul><li><ul><li>“You have to draw a line between </li></ul> Charity, Philanthropy and CSR”. <br /><ul><li>“There can be business without charity. </li></ul> There can be charity without business. <br /> But there can be no business without <br /> Corporate Social Responsibility.”<br />
  • 19. Fundamental Principles of CSR<br />
  • 20. Key Issues in CSR<br /><ul><li>Labour Rights:
  • 21. Child labour
  • 22. Forced labour
  • 23. Right to organise
  • 24. Safety and health
  • 25. Environmental Conditions</li></ul>Water & Air emissions<br />Climate change<br /><ul><li>Poverty Alleviation
  • 26. Job creation
  • 27. Public revenues
  • 28. Skills and technology</li></li></ul><li>TRIPLE BOTTOM LINE<br /><ul><li> The concept of TBL demands that a company's responsibility lies with stakeholders rather than shareholders.
  • 29. The Triple Bottom Line is made up of </li></ul> “Social, Environmental and Economic” means the <br /> “People, Planet, Profit”.<br />
  • 30. "People" (human capital) fair and beneficial <br /> business practices toward labour<br /> and the community and region.<br />"Planet" (natural capital) refers to<br /> sustainable environmental practices, <br /> do no harm and curtail environmental impact.<br />“Profit" aspect needs to be seen as <br /> the real economic benefit enjoyed by the host society.<br />

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