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    CSR in Global Context

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    Sushii Killing machine
    Corporate social responsibility (CSR) involves businesses integrating social and environmental concerns into their operations. CSR can benefit communities, employees, and corporate reputation. In developing countries, CSR is influenced by traditions, governance, crisis response, and supply chain standards. In Europe, CSR is a voluntary action that enhances visibility, trust, self-regulation, and market rewards for socially responsible practices. In the US, major companies' CSR focuses on sustainability, philanthropy, and ethical business practices to benefit society while building their brands.

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    CSR in Global Context

    Uploaded by

    Sushii Killing machine
    107 views12 pages
    Corporate social responsibility (CSR) involves businesses integrating social and environmental concerns into their operations. CSR can benefit communities, employees, and corporate reputation. In developing countries, CSR is influenced by traditions, governance, crisis response, and supply chain standards. In Europe, CSR is a voluntary action that enhances visibility, trust, self-regulation, and market rewards for socially responsible practices. In the US, major companies' CSR focuses on sustainability, philanthropy, and ethical business practices to benefit society while building their brands.

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    Corporate social responsibility (CSR) involves businesses integrating social and environmental concerns into their operations. CSR can benefit communities, employees, and corporate reputation. In developing countries, CSR is influenced by traditions, governance, crisis response, and supply chain standards. In Europe, CSR is a voluntary action that enhances visibility, trust, self-regulation, and market rewards for socially responsible practices. In the US, major companies' CSR focuses on sustainability, philanthropy, and ethical business practices to benefit society while building their brands.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    107 views12 pages

    CSR in Global Context

    Uploaded by

    Sushii Killing machine
    Corporate social responsibility (CSR) involves businesses integrating social and environmental concerns into their operations. CSR can benefit communities, employees, and corporate reputation. In developing countries, CSR is influenced by traditions, governance, crisis response, and supply chain standards. In Europe, CSR is a voluntary action that enhances visibility, trust, self-regulation, and market rewards for socially responsible practices. In the US, major companies' CSR focuses on sustainability, philanthropy, and ethical business practices to benefit society while building their brands.

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    CSR in Global Context

    Corporate Social Responsibility(CSR)

    ▪ CSR is the commitment of business to contribute to


    sustainable economic development, working with
    employees, their families, the local community and
    society at large to improve their quality of life.

    Example: CSR is where business look at how they can


    better serve society as a whole, improving its image and
    relations.
    Meaning and Definition of CSR

    ▪ Meaning:- Corporate Social Responsibility is a management


    concept whereb y comp anies integ rate social and env ironmental
    concerns in their b usiness op erations and interactions with
    their stakehold ers.

    ▪ Definitio n:- The most earliest and p rominent d efinitions


    ascrib ed to CSR is the one g iv en b y Howard Bowen who
    ( Carrol, 1990) refer to as the father of C SR "The ob lig ations of
    b usinessmen to p ursue those p olicies, to make those
    d ecisions".
    Benefits of CSR

    1. C o mmunities pro vide the license to o perate :-


    Corporate is not just driven by their values but are also
    influenced by the stakeholders like government, investors,
    customers and community. CSR program p rov id es the comp anies
    with license to operate and to maintain the trust of the local
    community.
    2. Attracting and retaining emplo yees :-
    Good CSR initiatives can attract employees to the company and
    given them the incentive to remain motivated and committed to
    the company.
    3. C ommunities as suppliers : -

    There are instances wherein as a part of CSR


    activities, communities have been incorporated into
    the supply chain to enhance their livelihood.

    4. Enhancing corporate reputation : -

    When the companies position themselves as


    responsible corporate citizens, it creates good will
    and a positive image, thereby helping them to
    enhance their brand image in the market.
    CSR in Developing Countries

    1. Cultural Traditions :-
    CSR in developing countries draws its roots from the traditions
    of business ethics and community push. CSR in Nigeria is based
    on the religious beliefs, charitable traditions, and communalism.
    2. Political Reform :-
    The socio-political reform process also had a great bearing on
    CSR activities in the developing countries.
    3. Governance Gaps :-
    Good governance requires a government to provide for the basic
    needs of the citizens like housing, education, health care, roads,
    electricity etc.
    4. Crisis Response :- Crisis could be natural,
    industrial, environmental, social, health related or
    economic.

    5. Investment Incentives :- Socially Responsible


    Investment (SRI) which involves investing in
    companies.

    6. Supple Chain :- The ethical requirement imposed


    by multinational their supple chains.

    7. International Standarization :- Global reporting


    initiative's sustainability reporting guidelines shows to
    CSR codes.
    CSR in Europe

    ▪ CSR Europe is the leading European business network for


    Corporate sustainability and responsibility. With our corporate
    members, National Partner Organization (NPOs).

    ▪ The Europe has been aware of the importance of CSR as part


    of its Sustainable development strategy (SDS). Europe
    identifies CSR as a voluntary action rather than a compulsory
    framework.
    1. Enhancing the visibility of CSR

    2. Improving and tracking levels of trust in business

    3. Improving self and co -regulations processes


    4. Enhancing market rewards for CSR

    5. Further integrating CSR into education, training, and


    research.
    6. Better aligning European and global approaches to
    CSR.
    7. Improving company disclosure of social and
    environmental information.
    CSR in USA

    ▪ Corporate Social Responsibility (CSR) activities in America


    (USA) cover a wide range of initiatives undertaken by
    companies to contribute positively to society and the
    environment.
    ▪ Many companies in America prioritize CSR to demonstrate
    their commitment to social and environmental issues while
    also building a positive brand image.
    ▪ Activities can include philanthropy, environmental
    sustainability efforts, employee volunteer programs, and
    ethical business practices.
    1. Goggle :- It has invested in renewable projects like
    wind and solar farms to power its data centers.
    Company also supports education initiatives in
    technology and computer science.

    2. Walmart:- The company has committed to sourcing


    100% of its energy from renewable sources and aims to
    eliminate waste from its operations.

    3. Tesla:- Tesla's primary CSR focus lies in its mission to


    accelerate the transition to sustainable energy. Company
    produce electric vehicles and renewable energy solutions
    to reduce the reliance on fossil fuels.

    4. IBM:- IBM's CSR efforts include projects in education,


    health. The company is known for its "Call for Code"
    initiative, which encourages developers to create
    solutions for global problems like disaster.
    THANK YOU

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