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    Group 3 - CSR

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    Infotura Indo
    This document defines corporate social responsibility (CSR) and discusses its nature and objectives. CSR is defined as a voluntary initiative by businesses to contribute to society and the environment. The document outlines that stakeholders include employees, investors, customers, governments, and special interest groups. CSR objectives include sustainability, accountability, and transparency. The importance of CSR includes increasing customer retention, attracting workers, and enhancing a company's reputation and influence in its industry. Corporate social responsibility is distinct from a company's legal responsibilities under law.

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    Group 3 - CSR

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    Infotura Indo
    26 views20 pages
    This document defines corporate social responsibility (CSR) and discusses its nature and objectives. CSR is defined as a voluntary initiative by businesses to contribute to society and the environment. The document outlines that stakeholders include employees, investors, customers, governments, and special interest groups. CSR objectives include sustainability, accountability, and transparency. The importance of CSR includes increasing customer retention, attracting workers, and enhancing a company's reputation and influence in its industry. Corporate social responsibility is distinct from a company's legal responsibilities under law.

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    This document defines corporate social responsibility (CSR) and discusses its nature and objectives. CSR is defined as a voluntary initiative by businesses to contribute to society and the environment. The document outlines that stakeholders include employees, investors, customers, governments, and special interest groups. CSR objectives include sustainability, accountability, and transparency. The importance of CSR includes increasing customer retention, attracting workers, and enhancing a company's reputation and influence in its industry. Corporate social responsibility is distinct from a company's legal responsibilities under law.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    26 views20 pages

    Group 3 - CSR

    Uploaded by

    Infotura Indo
    This document defines corporate social responsibility (CSR) and discusses its nature and objectives. CSR is defined as a voluntary initiative by businesses to contribute to society and the environment. The document outlines that stakeholders include employees, investors, customers, governments, and special interest groups. CSR objectives include sustainability, accountability, and transparency. The importance of CSR includes increasing customer retention, attracting workers, and enhancing a company's reputation and influence in its industry. Corporate social responsibility is distinct from a company's legal responsibilities under law.

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    Corporate Social

    Responsibility (CSR)

    Group 3 :
    Accounting for Sustainability 1510534002 Ramadhani Sardiman
    International Accounting 1510534013 Retno Ladyta
    Andalas University 1510534029 Putri Astari Shalsabila
    1
    Content

    • CSR Defined
    • The Nature of CSR
    • Objectives of CSR
    • The Importance of CSR
    • Corporate Social Responsibility and Corporate Legal
    Responsibility

    2
    What is CSR?

    CSR! Is that really for me?


    So technical, very
    expensive!!
    I’m overwhelmed

    3
    What is CSR?

    “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
    What is CSR?

    A voluntary initiative on the part of a business to


    contribute to a better society and a greener and cleaner
    environment.

    5
    What is CSR?

    Law about CSR in Indonesia


     Undang-Undang Nomor 40 Tahun 2007 tentang Perseroan Terbatas
     Peraturan Pemerintah Nomor 47 Tahun 2012 tentang Tanggung
    Jawab Sosial dan Lingkungan Perseroan Terbatas

     Undang-Undang Nomor 25 Tahun 2007 tentang Penanaman Modal


     Etc.

    6
    What is CSR?

    Sanctions if company does not run CSR


     Written warning
     Restrictions on business activities
     Freezing of business activities and/or investment
     Revocation of business activities and/or investment

    7
    The Nature of CSR

    Stakeholders are all those who


    are affected by or can affect
    the activities of the firm.
    They can be from within or
    outside of the organization.

    Each Stakeholder has a


    different criterion of social
    responsiveness based on their
    specific interest (or stake) in
    the organization.
    8
    The Nature of CSR

    STAKEHOLDERS
    • Employees • Government
    – Work satisfaction – Law compliance

    • Investors/owners • Special Interest Stakeholders


    – Managerial efficiency – Environmental groups
    and profit – Political action committees
    • Customers
    – Groups interested in quality
    – Quality and availability of life in community

    9
    The Nature of CSR

    PRIMARY AND SECONDARY STAKEHOLDERS


    • Primary Stakeholders

    Those who have a formal, official, or contractual relationship with


    the organization.

    • Secondary Stakeholders
    Other societal groups who are affected by the activities of the
    firm.

    10
    The Nature of CSR

    11
    The Nature of CSR

    STAKEHOLDER PERSPECTIVE
    • Social Responsibility

    Relates to the obligation of business to society.

    • Ethics
    Ethical issues are most relevant at an individual level, for ethics
    are maintained by people.

    12
    The Nature of CSR

    Should corporate actions


    benefit society or merely not
    harm society?

    Social Responsibility is the


    interaction between
    business and the social
    environment in which it
    exists.

    13
    Objective of CSR
    THE PRINCIPLES OF CSR
     Sustainability
    This is concerned with the effect which action taken in the present has upon
    the options available in the future.

     Accountability
    This is concerned with an organisational recognising that its actions affect
    the external environment, and therefore assuming responsibility for the
    effects of its actions.

     Transparency
    It is the external impact of the actions of the organisation can be
    ascertained from that organisation’s reporting and pertinent facts are not
    disguised within that reporting. 14
    Objective of CSR

    CSR is not for small businesses

    It is too complicated and technical


    Myths
    It is too expensive surrounding
    CSR
    It is a market gimmick

    It is a separate corporate initiative

    15
    Legislative Framework

    The Importance of CSR


    Winning new
    businesses
    Increase in Enhanced
    Relationship with
    customer retention
    stakeholders

    Saving money Attracting,


    on energy and Retaining and
    operating cost CSR Maintaining a happy
    workforce

    Differentiating
    yourself from the
    Media interest
    competitor
    and good
    reputation
    Enhancing your
    influence in the Access to funding
    industry opportunities
    16
    CSR & CLR

    Corporate Legal Responsibilities


    A company's legal responsibilities are the requirements that are placed on it
    by the law. Next to ensuring that company is profitable, ensuring that it
    obeys all laws is the most important responsibility, according to the theory
    of corporate social responsibility.

    Legal responsibilities can range from securities regulations to labor law,


    environmental law and even criminal law.

    17
    CSR & CLR

    Corporate Social Responsibilities


    In order to thrive in the public’s eye, a company must meet certain social
    responsibility requirements, thus in the planning stages it must consider
    where it can provide value beyond its products and services.

    For example, a company can meet it’s social responsibilities by supporting


    important causes and making charitable donations.

    18
    References

    Corporate Social Responsibility; is there a Business Case. 2002.


    ACCA UK.
    Crowther, David & Aras, Guler. 2008. Corporate Social Responsibilty.
    Denmark : Ventus Publishing ApS.

    19
    Thank You

    20

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