The Practice of Corporate Social Responsibility in the Banking Sector of Bangladesh

The Practice of Corporate Social Responsibility in the Banking Sector of Bangladesh PDF Author: Md. Tarikul Islam
Publisher:
ISBN:
Category :
Languages : en
Pages : 20

Book Description
Corporate Social Responsibility (CSR), a concept of engaging the company in socially responsible behavior, is getting worldwide attention since couple of decades. Though initially thought to be a developed country concept, it already has made its strong presence in the developing countries like Bangladesh. There are tremendous encouragement coming from CSR activities made the scenario vibrant and CSR policy of firms is now a top issue that stakeholders talk about. This study analyzes data from top ten CSR performing banks from the Bangladeshi banking sector and finds that CSR expenditure by banks increases over time and lots of stakeholders benefit from that. The major areas of CSR activities include education, humanitarian and disaster relief, arts and culture, sports, environment, health etc. However, the reporting of CSR expenditure is not yet perfect though the central bank has made it mandatory in 2008. In some cases, banks disclose qualitative information rather than quantitative in case of CSR initiatives.

Corporate Social Responsibility Practices in Bangladesh

Corporate Social Responsibility Practices in Bangladesh PDF Author: Md. Masud Rana
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
Banks conduct business in the society. Hence, they have some responsibilities towards the welfare of the society. Corporate Social Responsibility (CSR) as an integral part of the long term sustainable strategy has now emerged as a growing practice of the present banking sector. This study examines the relationship between responsibilities towards the society and contribution of the banks as a corporate body. The descriptive research has been conducted with secondary data which were collected from the annual reports of the selected commercial banks for the year 2012 to 2013, reviewing different relevant articles, books, periodic, journals etc. and relevant websites. The findings of the study reveals that CSR activities of the banks are concentrated in limited areas of the country especially on education, health, humanitarian and disaster, environment, sports and culture. Moreover, contribution of the commercial banks to CSR activities is very inconsequential in proportion to their profit amount.

Corporate Social Responsibility and Gender Commitments. A Case Study of Commercial Banks in Bangladesh

Corporate Social Responsibility and Gender Commitments. A Case Study of Commercial Banks in Bangladesh PDF Author: Musammet Ismat Ara Begum
Publisher: GRIN Verlag
ISBN: 3668305323
Category : Business & Economics
Languages : en
Pages : 50

Book Description
Master's Thesis from the year 2015 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 72, The Australian National University (Crawford School of Public Policy), course: Research Project: POGO8035, language: English, abstract: This study analyses gender issues in the corporate social responsibility (CSR) frameworks of commercial banks in Bangladesh with reference to four theoretical perspectives on CSR: instrumental, political, integrative and ethical. It examines how gender issues are addressing in CSR framework and how it could advance gender equality issues and how CSR policies relating to gender are translated by the commercial banks to integrate gender equality in their reporting in Bangladesh Bank (The central bank of Bangladesh). Based on the analysis of relevant data and information, it finds that gender issues of CSR are practicing mostly in instrumental and political way rather than integrative and ethical way due to regulatory requirement. However, the trends of practices are representing the positive approach to the integrative and ethical perspectives on gender issues in commercial banks of Bangladesh over time which could be proved in future for the time being.

Corporate Social Responsibility Reporting in Developing Countries

Corporate Social Responsibility Reporting in Developing Countries PDF Author: Ataur Rahman Belal
Publisher: Routledge
ISBN: 1317159349
Category : Business & Economics
Languages : en
Pages : 183

Book Description
Historically, the study of corporate social responsibility (CSR) reporting has largely been within the context of Western economies. However, in the wake of highly publicized incidents such as Bhopal and the struggle of the Ogoni people in Nigeria, many large corporations now claim to be taking steps to improve their environmental and social performance within developing countries. Using the lens of stakeholder theory, this book examines whether the current practice of CSR reporting in developing countries is motivated by a desire to discharge accountability to all relevant stakeholders or whether it is being driven by the imperative of advancing corporate economic interests. While concepts like CSR reporting have become more fashionable, they vary widely in different national contexts; this book therefore clarifies the types and roles of CSR reporting and the underlying corporate motivations. The author considers the current CSR reporting practices in a number of developing countries, with particular attention given to illuminating a case study of Bangladesh.

Corporate Social Responsibility Practices of Banks in Bangladesh

Corporate Social Responsibility Practices of Banks in Bangladesh PDF Author: Esinath Ndiweni
Publisher:
ISBN:
Category :
Languages : en
Pages : 22

Book Description
The aim of this paper is to illuminate the role of the socio-economic, cultural and religious context in shaping corporate social responsibility (CSR) practices of banks in Bangladesh. We utilise content analysis of annual reports and websites of banks to identify CSR activities in healthcare, education and financial inclusion sectors. We use structuration theory (ST) to explain how interactions between bank managers (as agents) with the social structures (institutions and government) shape CSR practices. Our findings show that banks' engagement in CSR activities is embedded in the social fabric of Bangladesh and not a result of the Global Reporting Initiative (GRI). We also note that Islamic banks focus their CSR activities on social justice, while other banks target education and other humanitarian issues. We contribute to the literature on the determinants of CSR by revealing the rationalizations of different actors in the production and reproduction of CSR practices in Bangladesh, an insight we attribute to ST. We conclude that Islamic beliefs influenced managers to mitigate poverty through CSR investments.

Corporate Social Responsibility: Concepts, Methodologies, Tools, and Applications

Corporate Social Responsibility: Concepts, Methodologies, Tools, and Applications PDF Author: Management Association, Information Resources
Publisher: IGI Global
ISBN: 1522561935
Category : Business & Economics
Languages : en
Pages : 1689

Book Description
The decisions a corporation makes affect more than just its stakeholders and can have wide social, environmental, and economic consequences. This facilitates a business environment built around the practical regulations and transparency necessary to ensure ethical and responsible business practice. Corporate Social Responsibility: Concepts, Methodologies, Tools, and Applications is a vital reference source on the ways in which corporate entities can implement responsible strategies and create synergistic value for both businesses and society. Highlighting a range of topics such as company culture, organizational diversity, and human resource management, this multi-volume book is ideally designed for business executives, managers, business professionals, human resources managers, academicians, and researchers interested in the latest advances in organizational development.

Corporate Social Responsibility in Europe

Corporate Social Responsibility in Europe PDF Author: Regine Barth
Publisher: Edward Elgar Publishing
ISBN: 184844723X
Category : Business & Economics
Languages : en
Pages : 377

Book Description
The acid test of corporate social responsibility (CSR) is simply this: does it lead to positive impacts on society and the environment or is it just rhetoric? And if it does lead to positive impacts, how can these be enhanced? This timely book tackles this cutting-edge challenge by presenting empirical findings from a range of surveys and in-depth case studies. These build on a new methodological and theoretical framework for assessing and explaining the sustainability impact of CSR. For selected sustainability issues mitigation of climate change and chemical risk, resource management in marine fisheries, promotion of gender equality and countering of bribery and within different European industries, the authors show that the rhetoric of CSR is still stronger than its reality. They do so by investigating into CSR practices which encompass the creation of a vision on CSR, its strategic and operative implementation and its organisational and cultural embedding within companies and their supply chains. The authors conclude that the reality of CSR is strong enough to allow for some rhetoric. They name intra- and extra-company success factors for, and limits of, producing sustainability impacts through CSR. Finally, they discuss its contribution to achieving public policy goals and the governance paradigms that are necessary to make CSR effective. The volume successfully combines a business and public policy perspective, based on an interdisciplinary approach. This book will be invaluable for both students and researchers interested in the effects of CSR, and will prove a useful tool for policy-makers and CSR practitioners alike.

Governance and Sustainability

Governance and Sustainability PDF Author: David Crowther
Publisher: Emerald Group Publishing
ISBN: 1800431538
Category : Business & Economics
Languages : en
Pages : 178

Book Description
An analysis of the issues raised concerning both sustainability and governance and an investigation of approaches taken to dealing with these issues. The research has been developed by experts from around the world who each look at different issues in different contexts.

CSR in the Banking Industry

CSR in the Banking Industry PDF Author: Ronny Röwert
Publisher: GRIN Verlag
ISBN: 365606363X
Category : Business & Economics
Languages : de
Pages : 15

Book Description
Essay aus dem Jahr 2011 im Fachbereich BWL - Bank, Börse, Versicherung, , Sprache: Deutsch, Abstract: In the wake of the recent and still ongoing utterly devasting global financial crisis, both reputation and legitimacy of banks are highly under pressure. This situation is best demonstrated by the current protests in New York, generally known under the heading of ‘Occupy Wall Street’ (Krugman, 2011). The fact that the protestors’ claims are even generally acknowledged by leading economists, such as Nobel laureates Stiglitz and Krugman, and to some extent by Obama himself, shows how the financial crisis brought the banking industry and its contested practices dramatically into the public consciousness. It resulted in a massive erosion of trust and reputation in the industry. In terms of social responsibilitiy, this crisis showed that no other sector and profession has a “comparable ability to privatise gains and socialise losses” (Decker & Sale, 2009, p. 136). In order to address the current negative externalities of banks, such as social costs related to government bailouts, and the question of their crucial role in our economy and society, the concept of Corporate Social Responsibility (CSR) can serve as a helpful framework. Firstly, this essay aims to show the essential role finance, and thereby the banking industry, is playing in our economy. Afterwards, the results will be used in order to assess the potential relationship between finance and a more sustainable economy. The following section will analyse the potentials banks have to create shared value due to the crucial role of trust and reputation.

Corporate Social Responsibility (CSR) Practices

Corporate Social Responsibility (CSR) Practices PDF Author: Nilanjan Ray
Publisher: CRC Press
ISBN: 1000345661
Category : Business & Economics
Languages : en
Pages : 260

Book Description
This volume explores the management concept whereby companies integrate social and environmental concerns in their business operations and in their interactions with their stakeholders. This practice also benefits the company and helps it to reach its strategic goals. This volume takes interdisciplinary and multidisciplinary perspectives to exploring a multitude of themes in CSR, including corporate social responsibility in conjunction with employee quality of life, globalization, industry sustainability, environmental accountability, academic spin-off, education, empowerment of women, corporate reputation, expenditures for CSR purposes, and more. The chapter authors consider the impacts and outcomes along with the emerging challenges of incorporating CSR in an organization’s business strategy. This volume is an important academic journey into some of the most relevant yet understudied issues of today. This volume will be a valuable resource for faculty and students in business as well as for industry professionals, researchers, and others.