Corporate Social responsibility (CSR) is a fundamental
part of the way commercial bank does business. It’s an opportunity to build
better relationships with all stakeholders by paying closer attention to how we
fulfill our social, economic, environmental and ethical responsibilities. CSR
allows us to align our operations with standards and expectations that are
increasingly important to our shareholders, employees, customers and
communities where we operate. While most of its overall environmental impact
is indirect, resulting from our financing and investment activities, we also
have a direct impact on the environment through our day-to-day business
operations.
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Thursday, October 11, 2012
What is Corporate Social Responsibility
Corporate Social Responsibility (CSR) is the
commitment of business towards the society to contribute to sustainable
economic development by working with employees, the local community, and
society in a greater extent to improve their lives in ways that are good for
business as well as for development. Since the inception as a responsible corporate body of commercial bank has
undertaken various initiatives considering the interest of customers,
employees, shareholders, communities and environment. These initiatives go beyond
the statutory obligation or mandatory compliance to voluntary activities that
promote sustainable development. Commercial bank’s vision which focuses on
double bottom line that it should make decisions based not only on profit but
also based on social and environmental consequences is closely linked to the
principles of CSR.
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