Firmly rooted in our mission of improving lives is the strong responsibility we feel to the more than 7, people who are part of the IDEX family. Many of our businesses are large employers in small, rural communities so we feel a strong calling to help support and solve problems in those communities. From conducting food drives to building schools, we are actively partnering with our communities to make a lasting difference.
Global Future, Third Quarter, Over many decades a heated debate has existed regarding the role and impact of transnational corporations TNCs and foreign direct investment FDI in developing countries.
Put simply, some emphasise the actual or potential contribution of TNCs to economic and social development via investment, employment, taxation, and the transfer of technology, knowledge and skills.
To do so, they largely accepted the policy proposals and conditionalities of international finance institutions such as the World Corporate social responsibility in rural development and the IMF, which encouraged developing countries to pursue export-led growth, liberalise their trade and investment regimes, and privatise state enterprises and public services.
The United Nations has played an important role in promoting partnerships with TNCs through arrangements such as the Global Compact, various global health partnerships, and numerous initiatives brokered or announced at the World Summit on Sustainable Development, held in Johannesburg in The proponents of CSR generally hail voluntary initiatives as a pragmatic and innovative way of enhancing the contribution of TNCs to development.
Many also regard such initiatives as an alternative to government regulation, which is often seen not only as unfriendly towards business but also as difficult to implement, particularly in developing countries.
Much of the criticism of CSR has centred on two main concerns: Both these critical positions recognise the crucial role of civil society and consumer activism in forcing or encouraging business along the CSR path.
What has really been the impact of CSR and partnerships on developing countries? There has been little systematic research on the developmental implications of CSR. While serious concerns have emerged about the limited scope and effective implementation of CSR initiatives, it is also apparent that many CSR companies, business associations and business-interest NGOs are involved in an active learning process and are evolving gradually towards more rigorous standards and practices, and in the process, the CSR agenda is being broadened.
This mixed report card is very apparent in relation to certain public-private partnerships involving the United Nations and TNCs. The Global Compact, for example, has proved useful in raising the profile of labour, human rights and environmental issues in a global policy context where, for many years, attention focused narrowly on issues of economic liberalisation, stabilisation and structural adjustment.
As currently constituted, however, many UN-business partnership initiatives are characterised by weak screening mechanisms to select appropriate partners, and weak compliance mechanisms to ensure that companies significantly improve their social and environmental performance.
There are also concerns that partnerships provide the corporate sector with undue influence in the governance structures of multilateral institutions and the public policy process. Development impacts of CSR But apart from assessing the scale, scope and implementation of specific CSR policies and institutional arrangements, it is important to consider the wider developmental implications of CSR.
There is a fairly generalised perception shared by many individuals and organizations promoting CSR, that both CSR and partnerships, in any shape or form, must be good for social development and environmental protection, and therefore, for development more generally.
This assumption needs to be looked at carefully given the following characteristics and impacts of CSR: Various social and environmental issues or business activities of concern to workers and communities in developing countries may not get much attention.
These relate not only to specific concerns and needs of women workers but also the participation of women in trade unions and other negotiating and political processes associated with CSR. TNCs or Northern consumers may do little if anything to share these costs. Moreover, TNCs and large Northern retailers continue to impose onerous conditions on suppliers in terms of price and delivery schedules.
CSR may reinforce trends involving the concentration of corporate power by squeezing small firms from supply chains and concentrating production in larger firms with greater capacity to implement CSR initiatives.
If CSR is to make a more significant contribution to development, its proponents face two major challenges. First, there needs to be a better integration between voluntary approaches and law or government regulation, rather than the present situation where voluntary initiatives are often seen as an alternative to legal instruments.
For this to happen, the relevant actors will have to start by addressing some difficult questions. What are the actual or potential developmental problems and contradictions associated with the CSR agenda, as currently constituted?
Are the investment and competitive strategies of TNCs, as well as their lobbying and fiscal practices, compatible with basic development objectives? Does the CSR agenda really respond to the development needs, concerns and priorities of workers, communities and firms in developing countries?
Are these and other Southern actors effectively shaping the CSR agenda? And is CSR working for or against democratic policy-making, regulatory and planning processes in developing countries? Unless these questions of regulation and broader participation are addressed, then CSR, as currently constituted, may do more for the conscience of corporate managers, Northern consumers and some activists than for workers and communities in developing countries.leading corporate in India are involved in corporate social responsibility (CSR) programmes in areas like education, health, livelihood creation, skill development, and .
Article; Corporate Social Responsibility for Agricultural Development. Workshop on CSR for Agricultural Development organized during 4 & 5th July , jointly by MANAGE and Birla Institute of Management and Technology at MANAGE, Hyderabad. THE MANAGEMENT OF CORPORATE SOCIAL RESPONSIBILITY FOR COMPETITIVE ADVANTAGE: A CASE STUDY OF BOSOMTWE RURAL BANK It was also seen that most of the CSR practices of Bosomtwe Rural bank are directed to development of education and community development.
It was also identified Corporate Social Responsibility is a rapidly growing field and. Corporate social responsibility tribute to the development of the communities in which its serves. 1) Vision Florens Footwear India (P) Ltd. is committed to a socially-responsible corporate growth.
SHARING PROSPERITY, SOCIALLY, SUSTAINABLY Nowadays CSR or Corporate Social Responsibility has become the latest buzzword among the companies. So, EXXARO is committed to sustainable development, where business goes hand in hand with .
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