Corporate Social Responsibility

Corporate Social responsibility

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
1.1 Explanation of CSR..........................................................................................................3
1.2 Background and changing attitude towards CSR.............................................................3
1.3 Regulatory framework of CSR.........................................................................................3
1.4 Environmental issues in CSR............................................................................................4
1.5 Economic and Political issues in CSR..............................................................................4
1.6 Social and community issues in CSR...............................................................................5
TASK 2............................................................................................................................................5
2.1 Benefits of CSR to the employees.........................................................................................5
2.2 Analysis of impact of CSR on the supply chain management...............................................6
2.3 How policy of CSR impacts on business...............................................................................6
2.4 Impact of CSR on business strategy......................................................................................7
2.5 Conflicts that can occur..........................................................................................................7
Project 2...........................................................................................................................................7
TASK 1............................................................................................................................................7
TASK 2............................................................................................................................................7
TASK 3............................................................................................................................................8
Paper for senior management team..............................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Corporate social responsibility can be considered as an approach that is being
used in business for the contribution to the sustainable development. This is done by providing
various benefits and advantages such as social, economic and environmental as well to all the
partners including the stakeholders also. In business as well, this approach can contribute to
various factors such as sustainable development, which means the utilization of resources in such
a way that it can stay preserved for the future generation as well so that they can also take the
benefits, which the current generation is taking from them. It also helps in delivering various
social, economical and environmental benefits for all the involved stakeholders.
TASK 1
1.1 Explanation of CSR
CSR refers to the corporate social responsibility which means the conscience of the
corporate. Various topics are covered in this aspect such as human rights, health and safety
etc. It can also be considered as a form of self regulation integrated in a business model. The
process involves various short term costs that may not provide benefits to the company but
can ensure the environmental and social change. Different people have their different
concepts over it, as some think it as an oxymoron, some as a distraction , specially it is
according to the lawful pursuit of profits. There are various initiatives and benchmarks of the
CSR which are discussed as under :
 The Global Reporting Initiative (GRI), which offers a way of presenting information relating to
CSR activities;
 The SA 8000 standard, created by Social Accountability International (SAI), which takes into
account the principles established by the International Labour Organization (ILO);
 The OHSAS standard, which is a system for managing occupational health, hygiene and safety;
 Scoring systems for socially responsible investing (SRI)
These are the benchmarks and initiatives of the corporate social responsibility that can help the
business in achieving various positive outcomes in a shorter and a faster rate.
1.2 Background and changing attitude towards CSR
As there was necessary spending on the corporate social responsibility, it acts as a piece of
legislation. It depends on the number of problems increasing on the pubic and environmental

concerns. When considering the changing attitude towards CSR, it is essential to understand the
fact that in 1960, an organization for increasing the economic corporate was developed in order
to understand all the necessary rules and regulations , with which their focus was the
achievement of economic growth that can stay stable and sustainable as well. Along with it, they
focused on increasing employment and the control over finances as well. After a few years, CSR
was started used conventionally. Various strategies have been used such as OECD’s etc. which
can be helpful in stimulating the act of National treatment and compliment the foreign
investment review. Then, in 1985, another international strategy was developed in order to have
a more stable economy that can help in maximizing the rate of economy of the world and help it
from removing from various issues, either socially, economically or politically along with the
poverty issues as well. Change in economic conditions also leads to the attitude of people in a
change towards the corporate social responsibility. The businesses these days act quite more
sensitive because of the issues they have to face in communities along with their field activities.
A narrow representation in front of people is observed as the profits and advantages only but in
reality, it is beyond the imagination.
It considers all the facts and figures people face while interacting with each other. Some
face communication issues while some face confidence issues. The more and more growing
awareness of the businesses can gain a competitive advantage over this but for developing the
confidence level between the customers, it can be done by the help of corporate social
responsibility only. The people, consumers pays attention to the quality and service of the
product but along with it, they also checks the overall production rate of the company. Along
with it, what are the influences of using that products and services on the environment has also
been considered. A huge number of businesses are interested in the corporate social
responsibility because of the fact that it helps in staying away from these issues, thus the
business can focus on the achievement of all its targets and goals more effectively. From the
roots of the corporate social responsibility, along with it, a business should also consider the
other factors which are essential for maintaining the effectiveness and promptness of the
business. Various other social factors are also considered as a reason that are behind the
changing attitude of the people towards corporate social responsibility. The term has received a
lot of attention since a long time. It also helped various businesses in preventing from the
financial crises by including a number of strategies. It also included that the companies should
focus on environmental and social issues which includes the integration of minority groups,
inequality in gender, outcomes of the decision making process.
1.3 Regulatory framework of CSR
The regulatory framework for CSR can be discussed as following :
Health and safety legislation