Corporate Social Responsibility
Corporate Social Responsibility
Q1. Discuss the CSR Practices of any one organization of your choice.
A: The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts, used the following definition. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large"
Different organisations have framed different definitions - although there is considerable common ground between them. My own definition is that CSR is about how companies manage the business processes to produce an overall positive impact on society.
Companies need to answer to two aspects of their operations.
1. The quality of their management - both in terms of people and processes (the inner circle).
2. The nature and quantity of their impact on society in the various areas.
Outside stakeholders are taking an increasing interest in the activity of the company. Most look to the outer circle - what the company has actually done, good or bad, in terms of its products and services, in terms of its impact on the environment and on local communities, or in how it treats and develops its workforce. Out of the various stakeholders, it is financial analysts who are predominantly focused - as well as past financial performance - on quality of management as an indicator of likely future performance.
Emirates Airline Foundation
The Emirates Group actively supports numerous causes both in the UAE and around the world, but the one closest to our heart is the Emirates Airline Foundation.
It is a non-profit charity organisation which aims to improve the quality of life for children, regardless of geographical, political, or religious boundaries, and to help them maintain or improve their human dignity.
The foundation’s aim is
Q1. Discuss the CSR Practices of any one organization of your choice.
A: The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts, used the following definition. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large"
Different organisations have framed different definitions - although there is considerable common ground between them. My own definition is that CSR is about how companies manage the business processes to produce an overall positive impact on society.
Companies need to answer to two aspects of their operations.
1. The quality of their management - both in terms of people and processes (the inner circle).
2. The nature and quantity of their impact on society in the various areas.
Outside stakeholders are taking an increasing interest in the activity of the company. Most look to the outer circle - what the company has actually done, good or bad, in terms of its products and services, in terms of its impact on the environment and on local communities, or in how it treats and develops its workforce. Out of the various stakeholders, it is financial analysts who are predominantly focused - as well as past financial performance - on quality of management as an indicator of likely future performance.
Emirates Airline Foundation
The Emirates Group actively supports numerous causes both in the UAE and around the world, but the one closest to our heart is the Emirates Airline Foundation.
It is a non-profit charity organisation which aims to improve the quality of life for children, regardless of geographical, political, or religious boundaries, and to help them maintain or improve their human dignity.
The foundation’s aim is