Importance Of Csr
Globally accepted definition of CSR around the world does not exist as we that this concept is still …show more content…
5 decades ago, 500 companies were issued corporate responsibility report. But now more than 8000 around the world have signed in UN global compact pledging to show good global citizenship in the areas of human rights, labor, or standards and environmental protection. CSR has a number of stands like economic, ethical, and social. Many organizations have CSR. There is lot of companies doing a corporate social responsibility just like Pepsi, dell, airlines, chocolate companies etc. CSR have top brands. Some of companies doing a charity give a poor people some free brands like Nike brands, shoes, t-shirts etc. Every organization has a stakeholders (shareholders) interest group with direct or indirect stoke on the business. Basic list of stakeholders, investors, employees, customers, suppliers, local people. Corporate social responsibility is not going solve the world problems. That said CSR is a way for companies to benefit themselves while also benefiting societies. They take care of their employees, stakeholders, investors and customers. They give a respect of our staff 's and caring for employees, treat everyone in same manner, clean food, labeling, pay suppliers on time, respecting the human rights, friendly behaving and honest. CSR following the law and solved some government issues, business on environment use nature source with care.
The CSR focuses broadly on how or whether companies’ sole purpose is to improve and increase the wealth of shareholders and stakeholders and in making different kind of decisions. The debate about CSR has been introduced in every era by different platforms, which was mostly focused on large national and multinational MNC’s NC’s. However are now evolved time by time and considering wide social responsibilities for example? Community rights, environment and