2. From the idea of Corporate Governance
and business ethics flows the concept of
Social Responsibility.
As a famous saying goes,
“With great power comes great
responsibility.”
4. “When the wind blows there are those who
build walls and there are those who build
windmills.”
5. “Corporate Social Responsibility is
operating a business in a manner which
meets or exists the ethical, legal,
commercial and public expectations that a
society has from business.”
US – UK Tradition
6. “Corporate Social Responsibility is the
continuing commitment by business to
behave ethically and contribute to the
economic development while improving
the quality of life of the workforce and their
families as well as of the local community
and the society at large.”
- The world business council for Sustainable
Development in 2004
7. To create wealth
To generate employment
To provide environment in which business
can sustain and prosper
Role of business is supplementary and
complimentary
8. CSR is behavior by businesses over and
above legal requirements.
CSR is intrinsically linked to the concept of
sustainable development.
CSR is not an optional “add-on” to
business core activities but about the way
businesses are managed.