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Understanding Corporate Social Responsibility

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PRESENTED BY :- TAHIR ANSARI M.B.A ( BUSINESS ECONOMICS )
Definition What is Corporate Social Responsibility? CSR! Is that really for me? So technical, very expensive!! I’m overwhelmed
Definition What is Corporate Social Responsibility? ‘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
The responsibility of business towards the society Corporate Social Responsibility
A voluntary initiative on the part of a business to contribute to a better society and a greener and cleaner environment.
Objectives • Understanding the basics and fundamental principles of Corporate Social Responsibility (CSR) • To appreciate the impact of CSR on businesses • To discuss how CSR initiatives can benefit businesses
 To create and maintain a stable level of employment.  Create jobs and provide support to socially vulnerable groups.  Social entrepreneurship promotes development of entrepreneurial skills.  Compensating countries narrow place.
Benefits of CSR Legislative Framework Benefits of CSR Winning new businesses Enhancing your influence in the industry Attracting, Retaining and Maintaining a happy workforce Increase in customer retention Differentiating yourself from the competitor Saving money on energy and operating cost Access to funding opportunities Media interest and good reputation Enhanced Relationship with stakeholders
CSR Initiatives CSR Projects for Businesses Market focused initiative Product focused initiative Employee focused initiative Society focused initiative Environmental focused initiative
Understanding Corporate Social Responsibility

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Understanding Corporate Social Responsibility

  • 1. PRESENTED BY :- TAHIR ANSARI M.B.A ( BUSINESS ECONOMICS )
  • 2. Definition What is Corporate Social Responsibility? CSR! Is that really for me? So technical, very expensive!! I’m overwhelmed
  • 3. Definition What is Corporate Social Responsibility? ‘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
  • 4. The responsibility of business towards the society Corporate Social Responsibility
  • 5. A voluntary initiative on the part of a business to contribute to a better society and a greener and cleaner environment.
  • 6. Objectives • Understanding the basics and fundamental principles of Corporate Social Responsibility (CSR) • To appreciate the impact of CSR on businesses • To discuss how CSR initiatives can benefit businesses
  • 7.  To create and maintain a stable level of employment.  Create jobs and provide support to socially vulnerable groups.  Social entrepreneurship promotes development of entrepreneurial skills.  Compensating countries narrow place.
  • 8. Benefits of CSR Legislative Framework Benefits of CSR Winning new businesses Enhancing your influence in the industry Attracting, Retaining and Maintaining a happy workforce Increase in customer retention Differentiating yourself from the competitor Saving money on energy and operating cost Access to funding opportunities Media interest and good reputation Enhanced Relationship with stakeholders
  • 9. CSR Initiatives CSR Projects for Businesses Market focused initiative Product focused initiative Employee focused initiative Society focused initiative Environmental focused initiative