corporate social responsibility

Corporate Social Responsibility

Prof. Dr. J. Christopher Daniel, M.A., Ph.D

What is Corporate Social Responsibility?What is Corporate Social Responsibility?

CSR is the continuing commitment by business to behave ethically and contribute to economic development while improving the QOL of the workforce and their families as well as of the local community and society at large (Lord Holme and Richard Watts)

CSR is about how companies manage the business processes to produce an overall positive impact of society(Mallen Baker)

CSR is about capacity building for sustainable livelihoods-skills building of Employees,the community and the government

CSR is about business giving back to society

Corporate Social Responsibility-The EU approach

Corporate Social Responsibility is a multi-faceted concept, which is not easy to grasp or define. It spans the three pillars of sustainable development – economic, social and environmental – and thus encompasses a vast field of voluntary action by business

CSR means that responsible entrepreneurs

Why is Corporate Social Responsibility Why is Corporate Social Responsibility important?important?

Factors influencing CSRFactors influencing CSR

What are the key benefits of adopting CSR?

Organisation aims at winning and retaining customers by developing and providing products and services of high quality 

CSR Principles-Responsibility to customersCSR Principles-Responsibility to customers

Making certain that all products and services associated with businesses are of a strict quality that accords with and aims to enhance their market positions  

Developing and maximising use of and accessibility to technology for the benefit of customers 

Ensuring that the quality of products and services meets the requirements stipulated by the appropriate regulatory bodies as well as all legal requirements  

Competing fairly and ethically and within the framework of applicable competition laws

Responsibility to employees

Responsibility to community

Responsibility to shareholders

Corporate Social Responsibility: The Internal Dimension

SOCIALLY RESPONSIBLE PRACTICES PRIMARILY INVOLVE:

I. HUMAN RESOURCES MANAGEMENT

Contd…

Continuation…...

II. Health and safety at work

III. Management of environmental impacts and natural resources

IV. Adaptation to change

Corporate Social Responsibility: The external dimension

Anti-corruption - Principle 10 Businesses should work against all forms of corruption, including extortion and bribery. z

Environment - Principle 7 Businesses should support a precautionary approach to environmental challenges; Principle 8 -Undertake initiatives to promote greater environmental responsibility; and Principle 9- Encourage the development and diffusion of environmentally friendly technologies.

Human Rights- Principle 1 Businesses should support and respect the protection of internationally proclaimed human rights & Principle 2- Make sure that they are not complicit in human rights abuses.

Labour Standards - Principle 3 Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; Principle 4 -The elimination of all forms of forced and compulsory labour; Principle 5 -The effective abolition of child labour; and Principle 6 - The elimination of discrimination in respect of employment and occupation.

United Nations Global Compact Ten Principles

Types of CSR support

12 categories of Indian Corporates in CSR (Source: www.indianngos.com)

Business- Nonprofits partnerships

This slide presentation has been prepared for

Corporates,Social Enterprises, International funders,

Foundations, Nonprofits involved in CSR initiatives and students of M.B.A,M.S.W,NGO

management and Social entrepreneurship programmes

Presenter

Prof.Dr.J.Christopher Daniel,M.A.,Ph.D{Former Professor of Social Work & Human Resources Management}

Executive Director Goodwill Social Work Centre No:5,South Street Extension Singarayar colony Madurai-625002 INDIA Email:chrisdangswc@gmail.com

Website:http://www.goodwillsocialworkcentre.orgTelephone:+91 0452 2531175