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 Wear Foundation FWF is an independent, non-profit organisation that works with companies and factories to improve labour conditions for garment workers.FWF's 80 member companies represent over 120 brands, and are based in seven European countries; member products are sold in over 20,000 retail outlets in more than 80 countries around the world. FWF is active in 15 production countries in Asia, Europe and Africa. FWF keeps track of the improvements made by the companies it works with. And through sharing expertise, social dialogue and strengthening industrial relations, FWF increases the effectiveness of the efforts made by companies. FWF's guidance covers : - Supply chain responsibility - Labour standards derived from ILO conventions & the UN's decleration on human rights - Multi-stakeholder verification - A process approach for implementation - Involvement of stakeholders in producing countries and - Transparency.

Domain: Business administration; Category: Business management

Tisztességes viselni Alapítvány FWF egy független, non-profit szervezet, amely a vállalkozások és a gyárak, a ruhanemű munkavállalók foglalkoztatási körülményeinek javítása érdekében.FWF barátait 80 társaságok több mint 120 márkák képviselik, és alapján hét európai országban; tag termékeket több mint 80 országban szerte a világon több mint 20.000 kiskereskedelmi egységekben értékesítik. FWF Ázsia, Európa és Afrika termelés 15 országban tevékenykedik. FWF nyomon követi, hogy a fejlesztések által a vállalatok működik. És a szociális párbeszéd, a szakértelem megosztására és ipari kapcsolatok erősítése, FWF növeli a hatékonyságát a vállalatok által tett erőfeszítéseket. FWF ' s útmutató tartalmazza: -ellátási lánc felelős -munkaügyi normákról származó ILO-egyezmények & az ENSZ ' s kezeléséről, emberi jogok -Multi stakeholder ellenőrzés -egy folyamat megközelítés végrehajtásának az érdekelt felek bevonása a termelő országok és a és az átláthatóság.

Domain: Business administration; Category: Business management

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