1. Introduction: 1.1. Background: The recent development and negative coverage on the CSR activities of Brico devices have brought forth massive damage to its brand. It has been supposed that a corporation is failed to offer good working and healthy atmosphere for the employees, low pay rates, disposal of water in an unsafe way, and indulging activities that environmentally non-sustainable. As per the view of Doh, Husted, and Yang, (2016), it is significant for a corporation to make a strong brand. In this way, it can use the brand equity in business in order to retain and influence the customers. Schwartz (2017) illustrates that CSR is used as a procedure of initiation and responsibilities designed and followed by the corporation and other regulatory bodies for the wellbeing of society and economy. It is also illustrated that there is high correlation amid CSR of company and brand equity. 1.2. The aim of the Report: To explore the study of CSR and its significance for modern companies To conduct CSR audit To recommend the strategy as per the conducted audit 1.3. Methods: For accomplish the aim of this investigation, the below method is used: Explore the understanding and analyzing the meaning of CSR and its benefit for business by using different secondary sources Conduct survey through a questionnaire on employees of the company to identify the concern in depth (Pai, Lai, Chiu, and Yang, 2015). Recommend the strategy after recognizing the concern found by the audit 2. Understanding CSR: 2.1.Meaning ofCorporate Social Responsibility As per the introduction part, it is stated that CSR is the initiatives of the firm to take accountabilities for well being of society and environment. Setó-Pamies and Papaoikonomou (2016) stated that CSR activities and accountabilities are not only built via company observation over the social and environmental 2
Unsafe Waste Disposal Practices Environmentally Unsustainable Practices Conclusion After the investigation, it has been found that a corporation has a different issue regarding CSR. It is getting affected adversely over its name and brands. There are different concerns faced by Brico Devices related to CSR. It is concluded that the absence of adequate protection and defectiveventilation system creates the unhealthy work atmosphere for the employees. It is also summarized that dysfunctional and absence of protective equipment in the wielding section, that gains the possibilities of accidents and calamity. It can be also summarized that employees get low payment due to minimum wage government policies. Further, an employee complains with regards to payment have not been elaborated and met with a feasible solution. Employee turnover is increasing due to management failure to come with a better solution for overcoming the concern of employees. In addition, ex-employees are thinning regarding poor work condition and payment concern of Brico Devices with the general public. It affects the name and brands of the company to get ruined. In addition, the absence of efficient and effective energy management system and maximum usage of fossil fuel and the non-degradable material is key CSR issue of Brico Devices. It can be also concluded that poor waste disposable procedure and policies are another concern related to CSR in Brico Devices. 4
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