Corporate social responsibilty

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Corporate social responsibilty

  1. 1. CORPORATE SOCIAL RESPONSIBILTY
  2. 2. DEFINITION Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.  World Business Council for Sustainable Development
  3. 3. CORPORATE SOCIAL RESPONSIBILITY  CSR is a form of corporate self-regulation integrated into a business model.  CSR is also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Business.  The term "corporate social responsibility" came into common use in the late 1960s and early 1970s.  ISO 26000 is the recognized international standard for CSR.
  4. 4. TRIPLE BOTTOM LINE Profit People Planet
  5. 5. TRIPLE BOTTOM LINE People planet and profit, also known as the triple bottom line, are words that should be used and practiced in every move an organization makes.  People relates to a fair and beneficial business practices toward labour, the community and region where corporation conducts its business.  Planet refers to the sustainable environmental practices.  Profit is the economic value created by the organization after deducting the cost of all inputs, including the cost of the capital tied up. 
  6. 6. RESPONSIBILITY PYRAMID IN BUSINESS CSR - STRATEGY Ethical Responsibilities Social Responsibilities Legal Responsibilities Economic Responsibilities
  7. 7. THE PRIME FACTORS OF CSR 1. Climate Change 2. Transparency in business practice 3. Ecological diversity 4. Fair trade and fair procurement 5. Corruption prevention 6. Labour rights 7. Health and Safety 8. Education 9. Income equality and fair wages 10. Poverty
  8. 8. NEED FOR CSR 1. Reputation management / Goodwill Creation 7. Quality 6. Cost efficiency 5. Corporate liabilities /Legal claims 2. Employee attraction 3. Competition (in general) 4. Investor relations
  9. 9. CREATION OF A CSR STRATEGY CSR Audit CSR Focus Areas Internal & External Intelligence Community Engagement Product Responsibility Employee Relations Corporate Governance Stakeholder Assessment Customer Relations Environment Responsibility Responsible Sourcing Audit Methodologies Strategic Actions
  10. 10. THANK YOU…!!!

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