CSR

1. CLASS – MBA
CORPORATE SOCIAL
RESPONSIBILITY
Faculty of Management Studies

3. Business should not only be responsible morally to the stakeholders but also
to the society, environment and towards a sustainable planet at large.
WBCSD (World Business Council for Sustainable Development): CSR such as
sociallyresponsible business.CSR is the continuing commitment by businesses to
behave ethically & contribute to economic development while improving the
quality of life of the workforce & their families ,local communities and the
society at large
MEANING

4. WHY BUSINESS NEED CSR
Public Image
Government Regulation
Survival & Growth
Employee satisfaction
Consumer Awareness

5. •Carrying on business with moral
•Responsibility towards society
•Overall development of locality.
•Making use of appropriate technology.
•Contributing towards the development of social health & education
•Minimizing ecological imbalance.
•Prevention of environmental pollution.
•Ethical standards.
Types of Social Responsibility

6. Investor
Government
Shareholder
Employee
Consumer
Society

7. Responsibility towards Government
Cooperating with the Government for economic growth
Not to take advantage of loopholes in business laws.
Cooperating with the Government to promote social values.
Regular payment of taxes.
To work for the survival
Responsibility towards Shareholders
To build reputation
The growth of the concern.
To remain transparent
Goodwill of the company.
accountable.
Responsibilities

8. Responsibility towards Employee
To grant regular
provide a healthy working environment.
To provide training
To provide welfare services.
fair wages.
To provide reasonable working standard
promotion facilities.
Responsibility towards Consumer
Provide after sales services.
Adopt fair pricing.
Supplying the quality, standards,as promised.
Supplying socially harmless products.
Responsibilities

9. Responsibility Toward Society
Overall development of locality
Prevention of environment pollution
Carrying business with ethical & moral standard
Making use of appropriate technology
Responsibility Toward Investor
Regular payment of installment
Ensure safety of investment
Responsibilities

10. Respect for the differences of views.
Respect for human rights.
Make some social contribution.
Non-discrimination should be the guiding principle
Fair dealings
Creativity.
Long term economic
Positive value- added
Principles of CSR