Home > Blossary: Corporate Social Responsibility CSR
Every business is usually meant for making business, i.e. making profit. Every business has too a duty to its community, whether it is to the workers by being a good employer, to the surrounding environment by causing harm as little as possible or to the share holders by delivering a reasonable return on investments, in all delivering the best to the stakeholders. Stakeholders are individuals or groups directly or indirectly affected by the Corporate culture, as well as those who may have interests in a corporate body or business or the ability to change its activities positively or negatively, such as : Business owners - Environmental activists - Governments - Trade Unions – Factory Workers – Raw Material suppliers – Point of Sale [POS] Customers. A company cannot thrive, grow without engaging its community, which includes its suppliers, its customers, its shareholders and members of the general public. The CSR shouldn’t be confused with Corporate philanthropy [loving mankind] like donating cash, foods, clothes to the have-nots, flood survivors or any disaster survivors. CSR is an umbrella concept covering various participating concepts, like Organisational Governance, Social Compliance, Social Responsibility, Corporate Philanthrophy, which include fields like Working conditions, Human Resources Management, Product Quality, Ethical Financing, Environmental protection, Community Welfare, Education & Health care, Donations to Good causes. There are some International Organisations and Programs providing and certifying CSR standards around the globe.

Category: Business

11 Terms

Created by: SharfuddinR

Number of Blossarys: 11

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Fair Labour Association FLA. Since 1999, FLA has helped improve the lives of millions of workers around the world. As a collaborative effort of socially responsible companies, colleges and universities, and civil society organizations, FLA creates lasting solutions to abusive labor practices by offering tools and resources to companies, delivering training to factory workers and management, conducting due diligence through independent assessments, and advocating for greater accountability and transparency from companies, manufacturers, factories and others involved in global supply chains. It works in three ways ; - Setting Standards. FLA code of Conduct set the standards - Monitoring & Reporting. FLA's monitoring holds companies responsible - Supporting compliance. FLA gives companies clear guidance & support.

Domain: Business administration; Category: Business management

Association du travail équitable en Floride. Depuis 1999, FLA a contribué à améliorer la vie de millions de travailleurs dans le monde. Comme un effort de collaboration de FLA socialement responsable de sociétés, les collèges et les universités et les organisations de la société civile, crée des solutions durables aux pratiques abusives de travail en offrant des outils et des ressources pour les entreprises, fournir de la formation d'ouvriers d'usine et de la gestion, des diligence grâce à des évaluations indépendantes et plaidant pour une plus grande responsabilisation et la transparence des entreprises, fabricants, usines et autres impliqués dans les chaînes d'approvisionnement mondiales. Il fonctionne en trois façons ; -Établissement de normes. Code de conduite FLA de fixer des normes -Monitoring & Reporting. FLA ' s surveillance détient les sociétés responsable -Supporting conformité. FLA donne aux entreprises un appui clair d'orientation & .

Domain: Business administration; Category: Business management

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