...Assignment on CSR Practices in Private Banks Submitted to Mr. S. S. M. Sadrul Huda Assistant Professor Business Administration Submitted by Name ID Md. Amir Khan 2012-1-10-206 Farjana Afrin 2012-1-10-203 Shuvro Protim Chondro 2010-3-10-087 MD Towfique Alahy 2012-2-30-049 Mahmuda Akter 2013-1-10-268 Table of Content Abstract This paper examines peoples understanding, services, expectations and assessment of the corporate social responsibility (CSR) of private banks, especially Dutch-Bangla Bank Ltd, Prime Bank, Unite Commercial Bank, Premier Bank, BRAC Bank are the largest private banks in Bangladesh. This study has been conducted among the stakeholders and beneficiaries of these private Bank Limited. An interview has been conducted using structured questionnaires to critically examine the subjective perceptions of the meaning, reasons and various aspects of CSR tasks of in Bangladesh. It has been found out that common people either do not have clear understanding about CSR activities or are not really concerned about the social responsibilities of the corporate organizations. The expected outcome of CSR activities, as has been stated in the memorandum and commitments of the corporate houses, has yet to be achieved. This study suggests that a more comprehensive and humane involvement of the common people in the CSR activities is required, which would not only fulfill the intended goals and objectives of the private banks but also ensure...
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...CORPORATE SOCIAL RESPONSIBILTY OF ICICI BANK ICICI Bank started its CSR activities as: Read to Lead Phase I: * Read to Lead is an initiative of ICICI Bank to facilitate access to elementary education for underprivileged children in the age group of 3–14 years including girls and tribal children from the remote rural areas. * This initiative supports partner NGOs to design and implement programmes that mobilise parent and community involvement in education, strengthen schools and enable children to enter and complete formal elementary education. * Read to Lead has reached out to 100,000 children across 14 states Read to Lead Phase II: In Phase II of the Read to Lead programme, ICICI Bank has supported the establishment of 63 libraries that will reach out to approximately 7,200 children in the rural areas of Jagdalpur block of Bastar district in Chhattisgarh. The programme includes building libraries, sourcing books and conducting various interactive activities to make the library a dynamic centre for learning. VOCATIONAL TRAINING COURSE STARTED IN OCTOBER 2013 : ICICI Bank has opened a skill training academy in Jaipur as part of its Corporate Social Responsibility (CSR) efforts, to provide vocational training to youth from economically weaker section of the society. The vocational training course will provide sustainable livelihood opportunities to the beneficiaries. This is the strategy of ICICI to promote inclusive growth in India, by training 5,000 youth...
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... | | | | | |Al-Arafah Islami Bank Foundation : | | | | | | | |The Bank has a Foundation launching philanthropic activities. Al-Arafah Islamic International School & College and Al-Arafah Islami Bank Library are major | |two wings for launching philanthropic activities. | | | | ...
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...Practice of Corporate Social Responsibility in Islamic Banks of Bangladesh Quazi Sagota Samina* The evolution of Shariah based profit –loss sharing centered Islamic banking, worldwide has changed the thought of financial institutions even of the developed countries in the west. On the other hand the recognition of importance of corporate social activities in the business organizations as well as in financial institutions has accelerated the significance of Islamic banks as in Islam these CSR practice have been emphasized in different ways. Likewise the Islamic financial institutions all over the world, Islamic banks in Bangladesh are also being engaged in various social activities as a part of their responsibilities. In this study it has been tried to find out whether the Islamic Banks of Bangladesh are adhering to the prescribed forms of the CSR activities or not. This paper is mainly designed based on the CSR forms to be followed by Islamic banks as has been prescribed by Farook (2007) in his study “On Corporate Social Responsibility of Islamic Financial Institutions” under the light of Islamic Shariah. The research found compliance to the mandatory forms by the 6 full fledged sample Islamic banks in Bangladesh whereas variety in involvement in recommended forms of CSR activities by considering the scenario of banks from 2007 to 2011. The study also finds a strong positive correlation between CSR expenditure and sample banks’ deposit, loan and profitability. Keyword: Corporate...
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...Assignment criteria • CSR (Corporate Social Responsibilities) • CSR practices in Bangladesh. • CSR in Banking sector ( Education , Health care, Social development) • Principals of CSR • Advantages of CSR • Disadvantages of CSR + ` Corporate Social Responsibilities Corporate Social Responsibilities simply means business giving back to the society. Corporate social responsibility is the commitment of business to contribute to sustainable economic growth, working with employees, their families, the local community and society at large to improve their quality of life. It is comparatively and speedily developing trend. But the CSR is not only simply a communality activity, although this the most visible part of ethics of an organization and has a core values. The field of responsible business practice is one of the most speedily budding corporate today. Now companies have to build shareholder value while harmonizing the increasing, ethical, social and environmental expectation of the society. In a nutshell, today companies have to make profits with principle, which will ultimately need companies to be more transparent. There is a consciousness that being responsible can actually be good for a company’s reputation and for a business. CSR particles in Bangladesh A socially responsible business environment is as much needed in Bangladesh as anywhere else. It’s really needed in a developing country like Bangladesh. In developing...
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...Executive Summary: The aim of this study was to assess the effectiveness of Corporate Social Responsibility (CSR) practices of some local banks and track the performance of these banks with superior ratings for environmental, social and governance practices in Bangladesh and these banks are: Eastern Bank Limited, One Bank Limited and Mutual Trust Bank Limited. The study specifically focused on the extent to which companies practicing CSR complied with basic legal labor standards involving their employees and my marking 0 and 1 (0 for Null for practicing CSR,1 for CSR Practice). The study involved identification of companies providing CSR, obtaining information about the details of the CSR practices adopted at these companies (though looking at their website and interviews few of employees) and an assessment of how well these companies complied with basic CSR standards. The research found that most CSR practicing companies practiced CSR in their own specific way. It was often unclear how much money companies spend on CSR and it also found that many of these companies, whilst providing CSR, did not comply with the law in providing basic labor standards to their employees. The study also showed the comparison among these three banks with graph where graphical technique is informative in the field of statistics used to visualize quantitative data. Statistics and data analysis procedures generally yield their output in numeric or tabular form; graphical techniques allow such...
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...CHAPTER 1 INTRODUCTION 1.1 BACKGROUND INFORMATION Corporate Social Responsibility (CSR) as a concept entails the practice whereby corporate entities voluntarily integrate both social and environment upliftment in their business philosophy and operations. A business enterprise is primarily established to create value by producing goods and services which society demands. The present-day conception of corporate social responsibility (CSR) implies that companies voluntarily integrate social and environmental concerns in their op¬erations and interaction with stakehold¬ers. The notion of CSR is one of ethical and moral issues surrounding corporate decision making and behaviour, thus if a company should undertake cer¬tain activities or refrain from doing so because they are beneficial or harmful to society is a central question. Social issues deserve moral consideration of their own and should lead managers to consider the social impacts of corporate activities in decision making. Regardless of any stake¬holders’ pressures. However, some arguments that the contri¬bution of concepts such as CSR is just a reminder that the search for profit should be constrained by social considerations (Manuel and Lúcia, 2007) and increasingly CSR is analysed as a source of competitive ad¬vantage and not as an end in itself (Bran¬co and Rodrigues, 2006). In effect, the concept of CSR has evolved from being regarded as detrimental to a company’s profitability, to being considered as some¬how benefiting...
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...SOCIAL RESPONSIBILITY (CSR) PADA PT BANK MANDIRI (PERSERO) TBK DAN PT BANK DKI Disusun oleh: Fajrian Fadhli (NPM: 1206198573) PwC 12 PENDIDIKAN PROFESI AKUNTANSI FAKULTAS EKONOMI UNIVERSITAS INDONESIA OKTOBER 2012 DAFTAR ISI PENDAHULUAN 3 LANDASAN TEORI 5 Tanggungjawab Sosial Perusahaan (Corporate Social Responsibility) 5 Undang-undang Terkait CSR 8 Parameter dan Key Performance Indicator CSR 8 LATAR BELAKANG PERUSAHAAN 10 PT Bank Mandiri (Persero) Tbk 10 PT Bank DKI 16 PEMBAHASAN 23 Triple Bottom Lines dan Sustainable Development 23 Paramater dan Key Performance Indicator CSR 23 KESIMPULAN 26 PENDAHULUAN Tanggungjawab sosial perusahaan atau yang lebih dikenal dengan corporate social responsibility (selanjutnya disingkat ”CSR”) dalam sejarahnya bermula sejak Revolusi Industri terutama di Eropa dan Amerika Serikat yang berdampak terhadap perubahan besar di dunia bisnis. Pada saat itu, perusahaan-perusahaan besar dihadapkan dengan kritik dan keputusan untuk melindungi para pekerja, konsumen dan masyarakat luas, di luar tanggungjawab untuk menghasilkan keuntungan sebesar-besarnya untuk para pemilik (shareholders) dan mematuhi perundang-undangan. Dalam hal ini, pelaku bisnis diharapkan untuk lebih proaktif untuk berpartisipasi secara sukarela dalam penyelesaian masalah-masalah sosial dalam rangka perbaikan tatanan dalam masyarakat dan lingkungan luas. Pandangan baru inilah yang menjadi asal mulanya aktifitas CSR sebagai cara pelaku...
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...Governance ISSN 2161-7104 2012, Vol. 2, No. 1 Corporate Social Responsibility of Private Banks in Bangladesh: Expectations, Achievements and Challenges Md. Fouad Hossain Sarker Lecturer Faculty of Science & Information Technology Daffodil International University Dhaka-1207, Bangladesh Tel: +88 01554336014 Received: February 27, 2012 E-mail: fouadsarker@yahoo.com Accepted: April 16, 2012 DOI: 10.5296/jpag.v2i1.1583 Abstract This paper examines people‟s understanding, expectations and assessment of the corporate social responsibility (CSR) of private banks, especially Dutch-Bangla Bank Ltd. (DBBL), one of the largest private banks in Bangladesh. This study has been conducted among the stakeholders and beneficiaries of the Dutch Bangla Bank Limited. Surveys have been conducted using structured questionnaires to critically examine the subjective perceptions of the meaning, reasons and various aspects of CSR tasks of DBBL in Bangladesh. It has been found out that common people either do not have clear understanding about CSR activities or are not really concerned about the social responsibilities of the corporate organizations. The expected outcome of CSR activities, as has been stated in the memorandum and commitments of the corporate houses, has yet to be achieved. This study suggests that a more comprehensive and humane involvement of the common people in the CSR activities is required, which would not only fulfill the intended goals and objectives...
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...1.0 Introduction Corporate social responsibility (CSR) has become more important in the current business environment. CSR can be defined into action that are taken by organization that goes beyond making profit and legal obligation towards the society adapted from (Ghillyer, 2010) and (SCHWARTZ & SAIIA, 2012) (Brown & Forster, 2013)). More company also nowadays become more aware of CSR (Bondy, et al., 2012) and sees it as a positive tools (Harjoto & Jo, 2011) As an organization fail like in the case of Midland and Southern Bank people are become more interested in how is an organization going (Johnson, et al., 2009). The interest shift as problem hits, as organization rely on peoples trust to run the organization (Cohen & Dienhart, 2013). This cause the organization to have more moral obligation to the growing network on stakeholders (Polonsky, 1995). Management especially in the case of Midland and Southern banks are being judge by stakeholders morally. As organization obligation re managing stakeholders (Nicholson & Newton, 2010). Approaches that are taken to judge organization are shown in research by Carroll’s (1987) (Carroll, 1991) which will be further discussed below. However, Midland and Sothern bank in the end was acquired by HSBC after it failure (Lee, 2009). It also seems that based on the case government started to create more firm regulation after the issue happen. 2.0 Senior Management Role and Obligation: high salary justified or unjustified? Senior management...
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...evolution of CSR Reporting in the Banking Sector of Greece An analysis of specific characteristics of CSR Reporting Author Papakostopoulos, Georgios Supervisors Jonnergård, Karin Loft, Anne 2014-10-20 1 2 Abstract Title The evolution of CSR Reporting in the Banking Sector of Greece An analysis of specific characteristics of CSR Reporting. Seminar Date 2014-06-02 Course BUSN69, Degree Project – Accounting and Auditing Author Georgios Papakostopoulos Supervisors Karin Jonnergård and Anne Loft Keywords Banks, CSR, Development, Reporting, Standardisation Purpose This thesis aims to examine the development of CSR reporting in the banking sector. The emphasis is set on a number of characteristics. Trends for standardization will be also examined Methodology The methodology undertaken is generally based on a qualitative research approach through a combination of content analysis with interviews. The research has a partly longitudinal, inductive and comparative character. Theoretical Perspectives The theoretical aspects that were used in the analysis were a combination of the theoretical framework of the Legitimacy, Stakeholder and Institutional theory with the reporting requirements from a number of standards, guidelines, initiatives and indices. Empirical Foundation The empirical material consists from Corporate Social Responsibilities reports that were available through banks websites...
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...Comperative Study of Corporate Social Activities of Bank And Non Bank Financial Institute Executive Summery This paper deals with some banks & non-banking financial institutions which are performing CSR. It 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. It would be give strategic, longer run competitive advantage for banks and non-banking financial institutions in Bangladesh to embrace CSR in their management approaches and operations, with initiatives chosen in broad-based, extensive stakeholder engagement. Corporate social responsibility may help to establish clear boundaries among the different interests of the groups like shareholders, citizens, providers, and customers. In this paper, we will describe, analyze, and formalize the critical responsibility parameters, as well as the variables that shape them. Introduction The title of our term paper is “Comparative Study on the Corporate Social Responsibility Performing by Banking, Non-Banking Financial Institutions” . Globally, the notion of Corporate Social Responsibility (CSR) is fast gaining acceptance as the contribution that businesses can and should make voluntarily...
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...given the birth of corporate social responsibility (CSR). While the concept of CSR is widely accepted, there is no single, universally accepted definition of CSR. Generally, it refers to business decision-making linked to ethical values, compliance with legal instruments, and respect for people, communities and the environment. CSR has been defined as “the integration of business operations and values whereby the interests of all stakeholders, including customer, employees, investors and the environment are reflected in the organization’ polices and actions” (Smith,2002). An international survey of corporate sustainability reporting conducted by KPMG in 2002 found that 45%of the world’s largest 250 companies now produce environmental and social reports, up from 35% in 2000. This survey shows how much disclosure of CSR is expanded. The companies have to satisfy the divergent number of stakeholders, the credible relationship is created through CSR reporting. It improves communication with the community and other stakeholders (Anand, 2002) and results in competitive advantage (King, 2002). CSR through ensuring better and safe working environment, elimination ofcorruption, focusing of human rights and environmental sustainability are now recognized as essential factors for the sustainable development of societies (Raihan et. al., 2002). The present study mainly visualizes CSR information in the selected private commercial banks (PCBs) of Bangladesh. For this purpose this paper has...
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...Urban Cooperative Banks – Initiatives and Opportunities. Authors Dr. PR Ramakrishnan, Faculty, Rajalakshmi School of Business, Kuthambakkam Post,Chennai 600124. Email: ramakrishnan77@yahoo.com. Phone: +91-9444298316. Prashanth Rao, Assistant Professor, Acharya Institute of Graduate Studies, Bangalore - 560107. Email: prashsubbarao@yahoo.com. Phone: +91-9481078821. ABSTRACT Corporate Social Responsibility (CSR) is defined as “”. It is an act of returning a portion of profits back to the society. This is a perfect resource give-and-take activity, a win-win situation for both corporates and the society. A few CSR initiated by big industrial houses are promoting...
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...Islamic banks: evidence from Gulf Cooperation Council countries Abdullah Awadh Bukair and Azhar Abdul Rahman Abstract Corporate social activities have become major subjects because of their effects on the quality life of citizens, in particular, and on the society at large. Therefore, today, there is an increase awareness of social responsibility due to the challenges meeting the financial institutions (particularly, Islamic banking) around the world. This paper examines the influence of the board of directors’ characteristics, consisting of board size, board composition, and the separation roles of CEO and chairman, on corporate social responsibility (CSR) disclosure in 53 annual reports of Islamic banks of Gulf Cooperation Council (GCC) countries after controlling of bank size, financial performance and relevant public. Based on the framework of legitimacy theory, the findings show that CSR disclosure has a negative and insignificant relationship with board composition. On contrast, the study found insignificantly and positive association between CSR disclosure and other characteristics of board of directors (board size and the separation roles of CEO and chairman). With regards control variables, the study indicates that bank size and financial performance have a positive and significant influence on CSR disclosure, while relevant public has no effect. Therefore, the results indicate that corporate governance structure of board of directors within Islamic banks of GCC region...
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