"Impacts of CSR on Social Improvement"

Topics: Bank, Corporate social responsibility, Commercial bank Pages: 95 (18619 words) Published: October 10, 2013

Impact of Corporate Social Responsibility on Social Improvement

Business organization is a part of society. It is surrounded by several factors of society. On the other hand business has some impact on the society. Business is also accountable for maintaining relationship with a wide range of stakeholders. The concept of corporate social responsibility came from this type of social view. The days when individual companies were judged solely in terms of economic performance and wealth creation have long disappeared. Today, companies have far wider responsibility to the community, to the environment and to improve the quality of life. Corporate social responsibility (CSR) is mainly about the awareness of and actions in support of environmentally sustainable societal development. Yet to be mainstreamed into corporate practice with a firmed up definition, CSR actions aim at mitigating the diverse environmental impact of the activities of the business, and at reducing inequalities and alleviating deprivation and poverty in the communities across the country. In the wide range of possible CSR actions, each business is expected to focus on areas of their core others. Well chosen, well executed CSR actions can enhance the longer run competitive position of a business; bringing in environmentally sounder practices, increased employee loyalty and commitment, actual and potential increase in customer base.

In today’s world academic education is not adequate to enable a student to compete with confidence and reach his/her goal without having experience with the outside world. As a student of Bachelor of Arts and Social Science every student has to conduct a practical orientation by preparing different kinds of report. The main purpose of the program is to expose the students to the real world situation. This report is done as a partial requirement of the internship program for the FASS students. Practical knowledge is fundamental for the application of theoretical intelligence. Bearing this in mind an internship program was included in the FASS curriculum.

The main objective of this study is to identify the nature of Corporate Social Responsibility (CSR) practices in the banking sector of Bangladesh. General Objective: The general objective of this study is to evaluate the corporate social responsibility in private banking sector of Bangladesh. Specific Objectives: The specific objectives of this study are: 1. To acquire knowledge related to theoretical framework and concepts, theories about CSR. 2. Analytical review of CSR performance by Banks in Bangladesh. 3. To assess current status of CSR practiced by Bank in Bangladesh. 4. To identify the attitude & responsibility towards the society of various private banks in Bangladesh.

5. To highlight the social responsibility of banking sector in Bangladesh.

This is a descriptive paper incorporating secondary data. This paper primarily is based on desk based research and therefore depends mostly on the secondary data. It used synthesized information collected from books, literature on social responsibility and business ethics, different study on business ethics and social responsibility articles, annual reports and web based publications. Collected data are analyzed with respect to the objectives of the study. This paper discusses the relevant issues and analyses various terms relevant with accounting for corporate social responsibility.

The study is conducted with an objective to make a thorough study of CSR activities .I have availed of many facilities and faced some obstacles during the study. These obstacles may be termed as the study. These limitations are as follows - 1. One of the main limitations of the research paper was to conduct a small scale. 2. Time provided for conducting the study is another important constraint. 3. Insufficient supply of relevant books...
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