Corporate Social Responsibility

Corporate Social Responsibility (CSR)

The process of involving interactions between the firm and the people who are
part of the firm. This includes the customers, supplies, employees, and stakeholders.

THE DEVELOPMENT OF CORPORATE SOCIAL RESPONSIBILITY IN THE

PHILIPPINES

CSR is a growing business model and worldwide accepted and adopted by big
corporations in the Philippines.

● 1960’s Donation
● 1970’s Organization
● 1980’s Involvement
● 1990’s Institutionalization
● 2000’s Continuous Improvement

The effectiveness of corporate social responsibility consist of:

● External Drivers
○ Regulations
○ Market forces
○ Societal forces
● Internal divers
○ Individual divers
○ Operation
○ Strategies
CORPORATE SOCIAL RESPONSIBILITIES APPROACHES AND PROGRAM

Some of the approaches gathered here:

1. CSR as value Creation/Vision

2. CSR as Risk Management
3. CSR as Corporate Philanthropy

EXAMPLE OF TYPICAL PROGRAM OF CSR IN THE PHILIPPINES

The group develop the Six Policy Statement

 1. Green Policy/Environmental Policy
2. Social Contributional Policy
3. Guidelines Contribution Policy
4. Procurement Policy
5. Quality Policy
6. Occupational Health and Safety Policy

PRINCIPLES OF THE CORPORATE SOCIAL RESPONSIBILITY

There are three important principles that embodied the CSR to be realistic,
reliable and effective these are:

1. Sustainability
2. Accountability
3. Transparency

TYPES OF CORPORATE SOCIAL RESPONSIBILITY

1. Basics
2. Traditional Conflict Model
3. Added Value Model
4. Multiple Goals Model

LEARNING INSIGHT

CSR does not only focus on the business but it also gives benefits to the people
who are connected to a person who is part of the firm and also on the creation of shared
values, it also explains the importance of having good communication or interaction to
the people who are involved in the business. CSR is considered as a strategy in order
to inform business owners about the status of their operation.