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Social responsibility: the responsibility of every
citizen (individual or organisation) to contribute
towards the well-being of the community and the
environment in which they live. It also includes being
aware of the consequences of your actions on the
community, the environment and society as a whole
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Corporate Citizenship describes a company's role
and responsibility towards society.
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Good corporate citizens: companies should
accept that they are collectively responsible,
together with government and other entities, for
their local community and the environment. They
must honour this as an essential part of their core
business.
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Corporate citizenship includes creating positive
changes in the community through the products and
services provided and using the profits generated
from doing business in the community toward
community upliftment
TRIPLE BOTTOM LINE
Economic prosperity (Profit)
• Making a profit is important to satisfy investors as
well as to satisfy employees who expect
remuneration
Social responsibility (People)
• SR is important as the focus should also be on the
people in the community, customers, suppliers etc
Environmental sustainability (Planet)
• If we do not take care of the planet, there will be no
future for the business or the generations to come.
Profit/Economic
• Triple Bottom line means that businesses should
not only focus on profit]charge high prices, but
should also invest in CSI projects.
LINK BETWEEN • Businesses should not make a profit at the
TRIPLE expense of its community
People/Social
BOTTOM LINE • Business operations should not have a negative
AND SOCIAL impact on/exploit people/employees/ customers.
RESPONSIBILIT • Businesses should engage/invest in sustainable
community programmes/ projects that will
Y benefit/uplift communities.
• Improve the life style/quality of life of their human
resources/employees
Planet/Environment
• Businesses should not exhaust resources/harm
the environment for production purposes
• May support energy-efficient/eco-friendly
products/programmes. Recycle/Re-use waste, e.g.
packaging from recycled material
WAYS IN WHICH A BUSINESS PROJECT CAN
CONTRIBUTE TOWARDS THE COMMUNITY:
• Charitable contribution towards NGOs/Businesses can donate
blankets to old-age homes/orphanages/running soup kitchens.
• Involvement in community education/Build schools in
communities/Offer bursaries to needy students/Donate old computers
to less privileged schools/Provide/Support adult education and
training in the local community.
• Employee volunteer programmes where employees contribute to the
community without getting paid for example renovating classrooms
at a local disadvantaged primary school.
• Teach entrepreneurial skills/Offer support to individuals starting new
business ventures.
• Conduct skills development/job creation projects/Offering bricklaying
courses.
• Sponsor art and cultural programmes, such as school choirs.
• Support youth programmes, such as sport/recreational activities
NATURE AND
PROCESS OF
CORPORATE SOCIAL
RESPONSIBILITY
The following driving forces
pushing businesses towards CSR:
• demands from government due
to limited government
resources
• demands for greater
participation in CSR
programmes from business
stakeholders such as suppliers,
employees, communities and
investors
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