This document discusses the concept of corporate social responsibility (CSR). CSR refers to transparent business practices that are ethical, legally compliant, and respectful of people, communities, and the environment. It enables companies to produce wealth for stakeholders through sustainable management practices that benefit society. The document provides examples of a company's stakeholders, including employees, customers, suppliers, investors, and the community. It also notes that CSR means companies should act as good neighbors and invest in social causes like education, poverty alleviation, and the environment.
3. “Corporate social responsibility is a
business system that enables the
production and distribution of wealth for
the betterment of its stakeholders
through
the implementation and integration of
ethical systems and sustainable
management
practices..”
4. “It refers to transparent business
practices that are based on ethical
values, compliance with legal
requirements, and respect for
people, communities,
and the environment.”
5. “Thus, beyond making profits,
companies are responsible for the
totality of their impact on people
and the planet”
9. India is the first country in the world to
make corporate social responsibility (CSR)
mandatory, following an amendment to
The Company Act, 2013 in April 2014.
Businesses can invest their profits in areas
such as education, poverty, gender
equality, and hunger.
Fact time! 😎
10.
11. “In the business community, CSR is
alternatively referred to as
“corporate citizenship,” which essentially
means that a company should be a “good
neighbor” within its host community”
12. Well you can’t continue being so
Irresponsible
Responsibilities🧐
13. Fair wages
Benefits
good workingconditions
Responsibility towards
employees
Reasonable dividend
Protection of asset and
Information
Responsibility towards
owners
Quality products at reasonable
price
Proper service
Responsibility towards
customers