Friday, March 29, 2013

Csr by Banks

Abstract

The social responsibility of business organizations is getting increased forethought in recent years, and a strong perception has genuine among the business managers worldwide and that organizations need to be managed in a soci all in ally responsible way for economic viability and long boundary sustainability. Businesses are driven by government, labor unions consumer groups and above all by considering CSR as a long time enthronisation in Public Relation. In the context of Bangladesh, it is more pertinent for the finance industry. CSR concentrates on benefits of all stakeholders rather than just the stockholders. sensation and sense of necessity for practicing CSR is becoming more and more articulate as the country has to adapt itself to the process of globalization. But the boilers suit status of CSR in Bangladesh is still very meager. The main choose of this report is to examine the underlying drivers for the development and the subsequent discontinuance of stand-alone corporate social responsibility (CSR) reporting in banking sectors in Bangladesh.

1. Introduction
1.1: Globally, the notion of Corporate Social Responsibility (CSR) is spry gaining acceptance as the
contribution that businesses can and should make voluntarily towards environmentally sustainable and
socially equitable development.

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Besides the everyday _inancial reporting, non-_inancial or sustainability
reporting is accordingly also fast gaining usage.
express brie_ly, CSR is about (i) taking stock of the economic, social, and environmental impacts of a
business, (ii) mitigating the negative impacts and bolstering the benign impacts, (iii) taking up action
programs and community investments to reduce social excision and inequality and to address the key
sustainable development challenges (meeting the inevitably of the present generation without impairing
the ability of future generations to meet theirs is a generally accepted meaning of sustainable
development ).
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