The sweeping changes in the corporate world since subprime crisis and consequent economic meltdown have compelled the governments to impose legal enactments related to corporate governance and social responsibility of industries. These changes will benefit the businesses in the long run as the social and economic goals are integrally connected and socially responsible behavior enhances shareholders value. Moreover, reputation capital & eco-social stability can be achieved through empowerment & partnership with various stakeholders by means of corporate social responsibility (CSR) activities. This book starts with chapters reviewing the origin and evolution of CSR in pre and post economic liberalization era in India & reviews the literature on various dimensions of CSR. The subsequent chapters dwell on the awareness, attitude and policies, the relative importance of various stakeholders of the business, and motivators and inhibitors of CSR initiatives. The book explicates the paradigm shift in conceptualization of CSR from ‘charity to strategy’ in business organizations. The book is useful to students to learn about CSR of Indian companies & companies that embark on CSR activities.
Ethiopian flower industry at its infancy stage and generate a considerable amount of foreign currency and provides job opportunity for many citizens. However it is still accused of unsustainable flower production. This paper explores the corporate social responsibility and its governance on Ethiopian flower industry. It highlights particularly on corporate social responsibility practices and its implementation through the assistance of governance bodies. It attempts to reveal the growth of the industry, corporate social responsibility and governmental regulations with its CSR drivers. It also assesses convergence of the economical, ecological and human practices of flower farms with its related CSR drivers in promoting their governance on corporate social responsibility. It further see the industries CSR practices and assess it viability with the triple bottom line sustainability measure. It finally opens and provides opportunity for students, researchers and stakeholders to analyze, discuss on the current issue CSR issue of the industry.
Tourism is one of the world''s largest and fastest growing industries, and it represents the main income source for many developing countries. In recent decades, a change in preferences has taken place, and today, many tourists prefer more remote and exotic destinations. Despite the growing importance of developing countries in the tourism industry, there is a lack of attention from the industry toward poor people in developing countries. In particular, tour operators often do not acknowledge a social responsibility to assist poorer populations, as they view themselves as mediators without significant influence. This book examines how Danish tour operators engage in corporate social responsibility (CSR) and poverty reduction in developing countries through qualitative interviews with Danish tour operators. Furthermore, the book focuses on the different limitations of CSR in relation to long-term, development, such as fragmentation in CSR initiatives, the lack of contextualization, lack of knowledge about the impacts of CSR, and the exclusion of the poor in decision making regarding CSR.
CSR is basically a business imperative. Corporate social responsibility 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 the quality of life. CSR also tends to reinforce the importance of addressing fundamental issues of the investment climate through public sector action. The term Corporate Social Responsibility (CSR) includes environmental, social, and human rights-based impacts and initiatives of companies and many countries in both industrialized and the third world takes the concept and practices seriously. The majority of the large international mining companies have signed on to the sustainable development charter (ICMM), which compromises them to following good environmental and social practices, as well as supporting local community development. The Book on ‘Corporate Social Responsibility in Mining Industry: Global Vision and Indian Perspective’ authored by Dr. A. N. Sarkar, is a modest attempt to address these emerging issues linking Mining industry with sustainable development through environment and human value- chains.
Monograph CORPORATE SOCIAL RESPONSIBILITY IN CONTEXT OF REGIONAL DEVELOPMENT is dealing with base and basic principles of corporate social responsibility, it determinates except of others also possibility of CSR measurement by indicators of organization performance according GRI. Short content of documents belongs to its part and it speaks about CSR supporting in business by European Union, presents its part. Attention is given to some of the partial outputs, rising mainly by own research, data collection, studying and analyzing of available expert literature and other sources, in relation to the social responsibility in the business in the frame of Slovakia. The monograph had been rising as a partial output of grant project VEGA No 1/033/12 „Indicators of social responsible business in small and middle firms in context of regional development“ and project VEGA No 1/0176/13 „Sustainable development of the region in context of human, capital and natural sources“.
This book was written in response to limited knowledge of the corporate leaders about the conditions under which corporate social responsibility (CSR) initiatives contribute to sustainable competitive advantage (SCA), specifically in the cement industry. The purpose of this qualitative study, utilizing a single embedded descriptive case study research design, was to achieve a deeper understanding on how CSR initiatives are planned, aligned and implemented in large MNCs in the cement industry and how these initiatives may contribute to the community in the form of sustainable development and the corporation’s SCA. The study findings clearly indicated that the strategic approach to CSR (i.e., aligning the corporation goals with the goals of the community) may balance economic value creation with the expectations of local communities. Understanding how CSR initiatives are planned, aligned and implemented in large MNCs in the cement industry may positively impact the community and the corporation’s SCA.
Corporate Social Responsibility 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 the quality of life, in ways that are both good for business and good for development(World Bank). The concept of Corporate Social Responsibility (CSR) is alien in many developing countries and remains so in Zambia even today. CSR has not been fully integrated as part of the corporate agenda of many corporations in Zambia especially the post 1991 privatised mining companies. Presently there is no clear legislative framework governing CSR in Zambia. There are no tangible guidelines for firms on how to implement CSR in the country. There remains little consensus on the meaning of the term, or indeed on its usefulness, and it is not widely employed.
With banking being a relatively clean sector, it has not faced the scrutiny related to Corporate Social Responsibility (CSR) felt by other industries such as oil & gas, forestry and transportation. Recent high profile corporate scandals and accusations of irresponsible behavior, however, have led to organizational crises and are pressuring the banking industry to modify current practices of for instance lending, advising and investment. U.S. banks were the first designated scapegoats when the financial crisis hit in late 2007. However, it quickly became apparent that the banking sector globally, with few exceptions, had been engaged in risky and unsustainable business. This book has issued how the banking sector use CSR in dealing with organizational crises, and how the concept can be useful in efforts to repair the legitimacy and reputation of banks. Norwegian bank DnB NOR and Danish financial services provider Danske Bank have been applied as case examples.
Corporate social responsibility contributes to the triple bottom line of global organizations. Its efforts are increasingly reflected in annual sustainability reports. This study explores whether organizations are visually reflecting CSR efforts with truthful photographic representations. Telling an organizations' sustainability story through accurate visual accounts may provide greater credibility and aid in trust building with its stakeholders.
Corporate Social Responsibility (CSR) is a buzz word and fast growing feature in the corporate world today and has become a strategy for business sustainbility.Through HRD interventions of employees in extension of CSR of a company is also on rise. This provides employees an opportunity to contribute to business success,and enhances employee satisfaction and performance.Present research is a maiden effort to examine the initiatives taken by the NALCO,for the social stakeholders at large without compromising their profit and efficiency.On the other hand,the book gives youglimpeses of NALCO CSR activity in Odisha to know how it has grown up with a positive image in the eye of local people. The social and environmental initiatives have been widely acknowledged globally.Through such efforts thousands of people are benefitted locally and nationally.
The book corporate finance law and corporate social responsibility in India is a completion of expert knowledge of Corporate social responsibility and corporate finance. The books have been set up in 9 chapters. This book has been providing information about the different aspects of corporate social responsibility and corporate finance law in India. It contains most of critical issues currently being raised by Govt. of India and multinational corporate with references to new company’s act 2013. This will help researcher’s corporate administrators, academicians and various courts’ of law, law student and the integrated people in general. This book is very useful to anyone dealing with social responsibility and industrialists also. This book is also designed for company secretaries, chartered accountants, HR Managers, personnel departments.
This book analyzes the interrelation among the attitude towards corporate social responsibility, socially responsible behavior and their overall effectiveness of implementation keeping in mind that a positive attitude of the executive may definitely tend to a good socially responsible behavior and the both result in achievement of the firm’s success effectively. This book presents a better understanding concerning the attitude of the executives towards corporate social responsibility in Indian industry. Further, the socially responsible behavior and its influence on the overall effectiveness are also studied.
This research piece highlights the background of social and environmental impacts of the clothing and textile industry, and proceeds to explore theories and benefits of Corporate Social Responsibility engagement and Corporate Social Responsibility communications. The extent and prominence of Corporate Social Responsibility communication via corporate web pages undertaken by fashion retailers operating in the UK is assessed. Parallel, consumer attitudes and opinions towards Eco-Fashion and social and environmental impacts caused by fashion retailers and the textile manufacturing process are investigated. Motivators of ethical and environmental conscious fashion consumers are explored.
Fair trade and business ethics become increasingly the key measures on business’s social responsibility, and the key factors for business decision making. Social pressure strikes at the heart of a company’s brand in the mind of the consumer. A significant group of consumers have begun making their purchasing decisions based on the supply chain’s ethical standard and social responsibility. Global corporate citizenship and social responsibility forms yet another important business environmental factor that can make or break a business. The problem seems to be that only a limited number of multinational corporations "walk the talk" of CSR. Practicing corporate social responsibility in supply chains requires that CSR is embedded within the entire organization. It includes employee training and sharing experience also training of key personnel at the supplier level. This study theoretically examines the relationship between a firm's chain and the socially responsible practices it engages in.
Corporate Social Responsibility has been a prime concern for corporations since last two decades. Different researchers and theorists have developed different findings in this regard. This collection presents new evidences of corporate social responsibility respective to Pakistan and develops understanding for Asian markets. Target sample of the study is banking sector of Pakistan and data is obtained from the annual reports issued by the banks during 2008-2012. Corporate Social Responsibility determinants included spending on donation, education, health and social welfare whereas return on equity, return on asset, earning per share and net profit are used as measures of financial health. This study will help the management in making decisions regarding CSR spending
The concept of Corporate Social Responsibility (CSR) has been in the center of interesting debates in the past few decades. This book provides you with everything you need to know about CSR. The Book covers the definition and evolution, the drivers, the measurement, the implementation, the disclosure of CSR and its relationship with financial performance. A brief discussion on stakeholder theory is also provided.
This book report a study that examines Corporate Social Responsibility (CSR) reports of eight companies from three sectors which are banking, retailing, and pharmaceutical. Special emphasis is placed on the types of CSR issues reported in the CSR annual reports, the stakeholders identified, and stakeholders’ dialogue approaches employed by companies. The results of this study show that issues of CSR reported in the annual reports, the stakeholder groups identified, and the dialogues approaches employed by companies differ among the companies within the same industry sector and across different industry sectors.
All over the world there is increasing importance given by the corporations to social responsibility activities. Corporate Social Responsibility (CSR) has redefined the way business is done. Through CSR, companies can contribute immensely in the economic and social progress of a country. In a developing country India, good CSR practices can effect meaningful change. At present India witnesses a paradoxical situation. It’s economic growth is at its best but its rank in the Human Development Index is very low. The main reason for this is the dismal performance of health and education sectors. Companies in India should take up education as a priority CSR issue as it is the key to human, social and economic development ( UNESCO).In this context, this book is very important. This book describes the education efforts of 40 large scale companies in India under their social responsibility umbrella and also highlights approach of these companies towards educational CSR. The book also contains case studies of best educational CSR practices of 10 companies. This book is useful to the researchers, educationists, academicians, CSR consultants and corporations.
Corporate Social Responsibility (CSR) is a growing field in South Africa with companies dedicating substantial financial and human resources to social, economic and environmental development. However, limited research has been conducted of CSR as an emerging field of enquiry and practise in Development Studies and of its contribution to social and sustainable environmental development. This book aims to provide knowledge and understanding (verstehen) about how CSR is conceptualized and implemented in South Africa with the view to making recommendations that could grow CSR as an integral component of sustainable development in society.
The concept of Corporate Social Responsibility (CSR) is gaining importance in the tourism industry, as although the industry is providing highly positive economic results, it is accused for the predominantly negative ecological and socio-cultural consequence. Hence the demand of various stakeholders for the implementation of CSR in the tourism industry is growing. The tour operators, as intermediaries between the various tourism suppliers and the end customers are given a highly important role in the information management and provision of sustainable and social responsible tourism products. In the first part of this work the historical and theoretical framework of CSR will be analysed. In the second part, the case study aims to examine the current implementation of CSR in the tour operator industry in Germany by analysing the CSR implementation at one of Germany’s most important tour operators ‘DERTOUR GmbH & Co. KG’.