Corporate Social Responsibility (CSR) has recently turned into a buzz word that is trending among all the savvy oil and gas companies all over the world. These companies are frequently caught publicizing the contributions they make to the economic development of their hosting communities, which focuses on ethical, philanthropic, and environmental practices. It is in this way that both the corporate sector and local societies can benefit from the CSR, which offers a space for a win-win outcome for both involved entities. It is one of the key CSR fundamentals to enrich both a company and its hosting community simultaneously. The intended win-win scenario entails that companies reflect on actual communal needs and address them in cooperation with affected societies.

1. CSR
a win/win approach
Dr Emmanuel Daniel
Faculty of Social Work

2. Synopsis
Why CSR matters
Advantages and Disadvantages of CSR
Importance of CSR
What's in it for the Society
What's in it for the Business

3. Source- https://www.youtube.com/watch?v=p2iQ_h1mPaY&t=91s

4. Source- https://www.youtube.com/watch?v=YEKyN-4tWsI

5. Importance of Corporate Social
Responsibility
Demonstrates social responsibility
Good practices
Responsible products
Consumers are aware of social responsibility
Ethical operation
Interest in wider social issues
Operate sustainably
Source- https://www.highspeedtraining.co.uk/hub/importance-of-corporate-social-responsibility/

6. What's in it for the Society
Connecting corporate and company
Wellbeing and betterment of society
Making everyone feel safe
Quality of products
Waste management
creates wealth and employment
Source- https://www.avinashchandra.com/benefits-of-csr
https://www.projectguru.in/importance-of-corporate-social-responsibility-to-societies/

7. What's in it for the Business
Better brand recognition
Positive business reputation
Increased sales and customer loyalty
Better financial performance
Greater ability to attract talent and retain staff
Organizational growth
Positive media attention
Reduce regulatory burden
Identify new business opportunities
Source- https://www.nibusinessinfo.co.uk/content/business-benefits-corporate-social-responsibility