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Lecture No.04 CSR PDF

This document discusses corporate social responsibility (CSR). It defines CSR as considering the impact of a company's actions on society and protecting public welfare along with business interests. The document traces the historical development of CSR from the 1950s to present. It outlines key CSR issues like labor rights, environmental stewardship, and poverty alleviation. It also discusses compliance frameworks like ISO 26000 and the UN Global Compact, which establish principles on human rights, labor, environment, and anti-corruption.

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84 views12 pages

Lecture No.04 CSR PDF

This document discusses corporate social responsibility (CSR). It defines CSR as considering the impact of a company's actions on society and protecting public welfare along with business interests. The document traces the historical development of CSR from the 1950s to present. It outlines key CSR issues like labor rights, environmental stewardship, and poverty alleviation. It also discusses compliance frameworks like ISO 26000 and the UN Global Compact, which establish principles on human rights, labor, environment, and anti-corruption.

Uploaded by

AdeelMuzaffar
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Corporate Social Responsibity

Abdur Rashid Mirza


University of Lahore
School of Accountancy & Finance
Lecture
no.04
1

Meaning of Corporate Social Responsibility

Corporate= Corporate is a business or entity.

Social = Living together in communities.


Responsibility = Something for which one is
responsible; a duty, obligation, or burden.

Corporate Social Responsibility (CSR)

Historical Perspective
From the 1950s to the present the concept of CSR has
gained considerable acceptance .

Corporate Social Responsibility (CSR)

CSR considers the impact of the companys actions


on society (Bauer)
CSR requires decision makers to take actions that
protect and improve the welfare of society as a
whole along with their own interests (Davis and
Blomstrom)

Key Issues in CSR


Labour rights:
child labour
forced labour
safety and health
Environmental conditions
water & air emissions
climate change
Poverty Alleviation
job creation
public revenues
skills and technology

Compliance Management:
Management by certification

ISO 26000: Social Responsibility


To be Introduced in 2009 or 2010

ISO 26000 Roadmap


Principles of SR
1. Ethical behaviour 2. Respect for rule of law
3. Respect for and considering of stakeholder interests
4. Accountability 5. Transparency
6. Precautionary approach 7. Respect for human rights
Core Subjects

Community & society


development

Human Rights

Environment

Labour Practises

Organizational Governance

The UN Global Principles (1)


Principles of the Global Compact

Human Rights
Principle 1: Support and respect
protection of international human rights.

the

Principle 2: Make sure their own


corporations are not involve in human rights
mishandlings.

Adapted from Table 3-1: Principles of the Global Compact

The UN Global Principles (2)


Principles of the Global Compact

Labor
Principle 3: Freedom of association and the effective
recognition of the right to collective bargaining.
Principle 4: The elimination of all forms of forced and
compulsory labor.
Principle 5: The effective abolition of child labor.
Principle 6: The elimination of discrimination with
respect to employment.

Adapted from Table 3-1: Principles of the Global Compact

The UN Global Principles (3)


Principles of the Global Compact
Environment

Principle 7: Support a precautionary


approach to environmental challenges.
Principle 8: Undertake initiatives to promote
greater environmental responsibility.
Principle 9: Encourage the development and
distribution of environmentally friendly
technologies.
Adapted from Table 3-1: Principles of the Global Compact

The UN Global Principles (4)


Principles of the Global Compact
Anti-Corruption

Principle 10: Business should work against


all forms of corruption, including pressure
and bribery.

Adapted from Table 3-1: Principles of the Global Compact

Thank you

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