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Relatively new in the Arab World, Corporate Social Responsibility (CSR) is one among the ethical practices which has already become crucial in promoting a positive image about a few Arab Macro-economic projects throughout the Arab business community. Still, Arab companies make up just 1% of the 4,650 organizations which are registered and have filed reports on the Global Reporting Initiative’s Sustainability Disclosure Database (GRISDD. With the recent political uprisings in the Arab region, along with the international economic crisis, new challenges have came to the forth to shape new realities; yet, unfolding invaluable opportunities for modernizing the Business infrastructure in the region.
It is on this ground that civil society, being the backbone of the non-state power, especially in a region where most of the political institutions have been either inexistent or undemocratic, could play a leadership role in monitoring and enforcing social responsibilities‘ practices on both public and private sectors; with the intent 1) to modernize the Business Structure in the region, 2) to motivate and preserve collective investments, 3) and to optimize the number of companies registering in the Global Reporting Initiative’s Sustainability Disclosure Database (GRISDD).
This presentation talks about the unprecedented role Arab local and regional body of NGOs, which for decades have suffered from their regimes‘ oppressions, can and should play in monitoring and enforcing ethical practices and sustainable strategies of social responsibilities on the State as well as private-owned companies towards their communities, especially in Egypt, Tunisia, Libya, and Morocco wherein most of the vital economic sectors have been monopolized by the regimes‘ entourage. The presentation will also showcase the UAE experience in establishing partnerships for a sustainable future along with the Lebanese experience in implementing CSR initiatives, and Qatar's ethical investments.