Welcome to the presentation Organizational Behavior Southern University Bangladesh 1 Presenting Topic Corporate social responsibilities on BSRM 2 Presented by Southern University Bangladesh 3 Group Members 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Jasim Uddin Md. Monir Hossain Md. Kamrul Hasan Shahid Bin Islam Sanjida Shahnaz Subashis Bhattacharze Robiul Alam Sabrina Sharmin Shahadat Hossen Sabiha Mahmud 111-34-63 111-34-49 111-34-18 111-34-38 111-34-36 111-34-03 111-34-53 111-34-14 111-34-26 111-34-48 Southern University Bangladesh 4 Presented to Rezaul Karim Senior lecturer Department of Business Administration Southern University Bangladesh 5 Southern University Bangladesh Introduction This paper provides an overview of the literature about Corporate Social Responsibility (CSR), and presents some of the key debates in this area. After considering how CSR might be defined, the paper provides context for the debate by outlining social, economic and political factors driving the development and implementation of CSR. Southern University Bangladesh Southern University Bangladesh 6 Literature review Southern University Bangladesh 7 What is CSR? Corporate responsibility The EuropeanSocial Commission defines CSR is as, ”A concept whereby companies integrate an ethical ideology or theory that social and environmental concerns in their business in their an entity,operations be it anand organization or interactions with their stakeholders on a individual, has an obligation to voluntary basis”. act Similarly, the Chartered Institute of to benefit society at large. Personnel and Development (CIPD) considers CSR to involve corporations taking responsibility for their “Impact economically, socially, environmentally and in terms of human rights" 8 Southern University Bangladesh European observations: Promoting corporate social responsibility in European industrial sectors gear business work. The key issues of corporate social responsibility vary from company to company. Because of this variety, the European Commission supports different CSR initiatives in specific industrial sectors which are shown in next slide: Southern University Bangladesh 9 The European Commission supports different CSR initiatives in specific industrial Industrial sectors sectors:- Chemical, Construction, Pharmaceutical, Textile. 10 Southern University Bangladesh Construction Sector The "Building Responsible Competitiveness" project, lead by “Impronta Etica” shows how corporate social responsibility (CSR) can drive competitiveness in the construction industry. One of the key project outputs is the set of guidelines for CSR in the Above all of the key-qualities of CSR are exist construction sector . BSRM,offer letan usin-depth discuss about the CSRofon Thein guidelines analysis of the benefits integrating BSRMCSR :- principles in day-to-day business and practical advice in four thematic areas: * health and safety * eco-compatibility * supply chain management * equal opportunities. 11 Southern University Bangladesh Bangladesh Steel re-rolling Mills Ltd.<<<< BSRM. Southern University Bangladesh 12 History of BSRM 1952…the year of the historic language movement and the birth of a star………BSRM. It was the year two intrepid businessmen Taher Ali Africawala & Akber Ali Africawala ventured to put up the first steel rolling mill of the country in Nasirabad, Chittagong. 13 Southern University Bangladesh BSRM Group aspire to . . . –Maintain our leadership position in the steel industry by producing the best quality steel products, continuously enhancing customer satisfaction and becoming a reliable business partner of our customers and suppliers. –Be an employer of choice, nurturing talent and developing future leaders of the organization. –Protect the interest of our shareholders through sustainable growth and value creation. –Persevere the trust of all our stakeholders by adopting ethical business practices. –Support the society through Corporate Social Responsibility initiatives. 14 Southern University Bangladesh Development of BSRM over the year Southern University Bangladesh 15 BSRM vision & values Sustainable growth Quality Corporate Social-responsibility Reliability Trust Leadership Customer satisfaction Southern University Bangladesh 16 Every company has some responsibility to the society because the aim is not only making profit but also have to do something which is needed for the betterment to the society. From the view point of corporate social responsibility (CSR) as a steel company (constructive sector) BSRM has also done few but fantastic jobs to attract the mass people of the country. Southern University Bangladesh 17 Few social-activities which attract the mass people are the followings:- Shomoyer cheye jiboner mullo onek beshi 18 Southern University Bangladesh BSRM helps to know the value of education: Shikkah jatir merudondo 19 Southern University Bangladesh BSRM inspires to send Childs to the school:- Apner sontan k skul a pathan 20 Southern University Bangladesh BSRM helps to conscious about the smoking & drug: Dumpan saster jonno khotikor Nesha k na bolun 21 Southern University Bangladesh BSRM adds help to conscious about the traffic law. If we obey then we can reduce Road accident. In this sense BSRM doing a lots to the society. 22 Southern University Bangladesh Southern University Bangladesh 23 BSRM’s outlook about CSR Consumption: The revision of the Sustainable consumption and production action plan may provide an opportunity to identify new measures to facilitate more responsible consumption practices. Public procurement: In its review of the Public Procurement Directives, the BSRM intends to facilitate the better integration of social and environmental considerations into public procurement. Investment: The BSRM consider a requirement on all investments to inform their clients about ant ethical or responsible investment criteria they apply. That means BSRM tiring to interact mass people with their achievements. 24 Southern University Bangladesh Why BSRM follows CSR? The initiative demonstrates CSR as it goes beyond compliance and is a voluntary response, albeit enlightened self interest as it is seeking the long term security of natural resources that contribute to the protection of the business and its brands BSRM. Southern University Bangladesh 25 BSRM puts forward new policy for covering several areas: Enhancing the visibility of CSR and disseminating good practices Improving and tracking levels of trust in business Improving self- and co-regulation processes Enhancing market reward for CSR Improving company disclosure of social and environmental information Further integrating CSR into education, training and research 26 Southern University Bangladesh At last we understand that the nature of CSR can be related to different notions of the role and nature of corporations or firms and their relationship to society. Southern University Bangladesh 27 Conclusion It seems clear that the task of implementing CSR is complex, and that the contested nature of the concept raises difficult questions. Not only are businesses required to be responsive to current concerns, but they must also balance present requirements with future demands and issues, as well as balancing local and global concerns. Southern University Bangladesh 28 Reference 29 European multi-stakeholder forum on CSR, 2004: 3 CIPD website http://www.nottingham.ac.uk http://www.dti.gov.uk ALSTON, P. (ed.) (2005) non-state actors and human rights. Oxford: Oxford University http://www.un.org/overview/rights www.unglobalcompact.org And so on. Southern University Bangladesh 30 Thank you