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