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Csr
1. Famous Quotes about Social Responsibility
• “It takes 20 years to build a reputation and only 5minutes to ruin it.”
(Warren Buffet).
• Business should not only be responsible morally to the stakeholders
but also to the society, environment and towards a sustainable planet
at large.
2. Corporate Social Responsibility
• Corporate social responsibility is a gesture of showing the company’s
concern & commitment towards society’s sustainability &
development.
• CSR is the ethical behavior of a company towards society.
• CSR pertains to people and organizations behaving and conducting
business ethically and with sensitivity towards social, cultural,
economic, and environmental issues.
3.
4. Areas of CSR
Responsibility towards Society
• Carrying on business with moral& ethical standards.
• Prevention of environmental pollution.
• Minimizing ecological imbalance.
• Contributing towards the development of social health, education.
• Making use of appropriate technology.
• Overall development of locality.
5. Responsibility towards Government
• Obey rules & regulations.
• Regular payment of taxes.
• Cooperating with the Govt to promote social values.
• Not to take advantage of loopholes in business laws.
• Cooperating with the Govt for economic growth & development.
6. Responsibility towards Shareholders.
• To ensure a reasonable rate of return over time.
• To work for the survival & the growth of the concern.
• To build reputation & goodwill of the company.
• To remain transparent &accountable.
7. Responsibility towards Employee
• To provide a healthy working environment.
• To grant regular & fair wages.
• To provide welfare services.
• To provide training & promotion facilities.
• To provide reasonable working standard &norms.
• To provide efficient mechanism to redress worker’s grievances.
• Proper recognition of efficiency & hard work.
8. Responsibility towards consumers
• Supplying socially harmless products.
• Supplying the quality, standards, as promised.
• Adopt fair pricing.
• Provide after sales services.
• Resisting black-marketing &profiteering.
• Maintaining consumer’s grievances cell.
• Fair competition.
10. • Social Obstruction: The organization which performs as low as
possible social responsibility. And sometimes even crosses the ethical
boundaries. E.g. adulteration in products.
• Social Obligation: The organization which only performs that much
social responsibility which is bound by laws. E.g. writing warning in
cigarette packets.
• Social Response: The organization which performs those activities
which are legal and ethical. Such as providing toothpaste and
toothbrush in dental camp, collecting blood for Nepal Red cross
Society etc.
• Social Contribution: Organization itself participates actively in the
development and welfare of the society. E.g. Building hospitals,
schools, conducting skill development program etc.
11. Some notable cases about irresponsibility
• Nike factories in Asia were criticized for employing young children in
extremely poor working conditions.
• Explosion at Union Carbide Ltd-Bhopal ,India in Dec ,1984 caused
thousands of deaths and rendered many people disabled due to leakage
of MIC gas.
• Fraudulent accounting manipulations led to collapse of Houston based
Enron corporation.
• James Hardie was criticized for it’s failure to provide compensation to
people affected by asbestos-related diseases. 22 14 August 2012
