Corporate Social Responsibility in Mauritius
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CORPORATE SOCIAL RESPONSIBILITY IN MAURITIUS ...
CORPORATE SOCIAL RESPONSIBILITY IN MAURITIUS
The European Commission defines corporate social responsibility (CSR) as a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. This is indeed somewhat contradictory to business terms since the only goal of a business is to make profits. However since CSR encapsulates the interest one and all in terms of economy, ecology and social upliftment, it has become more and more important in the past years. Following this global trend the government of Mauritius has chosen to include a mandatory form of CSR in the legislation of Mauritius.
In a nutshell it can be noted that the objective of this law has been to order the registered companies in Mauritius to pay 2% of their annual book profit towards some well-defined programmes that contribute to the social and environmental development of the country.
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