International

Framework of
Corporate Social
Responsibility
Name: Sahil Bhore, Piyush Dialani and
Vinay Sengnar
 TABLE OF CONTENTS
Corporate Social Responsibility What Is
01 (CSR): An International
Framework
02 CSR?

03 The Benefits of CSR 04 International

Framework For CSR

The Role of Conclusion: Why an

Government In
05 CSR 06 International
Framework for CSR
Matters
 Corporate Social
Responsibility (CSR): An
International Framework
Meaning of the Corporate Social Responsibility
01
 Corporate Social
Responsibility (CSR):
An International
Framework
• An international framework for CSR is important because it
provides a common set of guidelines and principles that
companies can follow no matter where they operate. This helps
ensure that companies are held accountable for their actions and
that they are working towards a common goal of sustainability
and social responsibility.
What Is CSR?
02
 What is CSR?
• Corporate Social Responsibility, or CSR, refers to a
company's efforts to improve their social and
environmental impact. This can include initiatives to
reduce waste and pollution, support local communities,
and promote ethical business practices.
• CSR matters to companies because it can improve their
reputation and brand image, which can lead to
increased customer loyalty and higher profits. It also
matters to society because it can help address
important social and environmental issues, such as
poverty and climate change. By taking responsibility
for their impact, companies can contribute to building
a more sustainable and just world.
The Benefits Of CSR
03
The Benefits Of CSR
1. Enhanced Reputation and Brand Image: Engaging in CSR activities demonstrates a company's
commitment to social and environmental concerns, leading to a positive reputation and an enhanced
brand image.

2. Improved Customer Loyalty: Consumers are more likely to support companies that show a genuine
concern for social and environmental issues, leading to increased customer loyalty and repeat business.

3. Employee Engagement and Satisfaction: CSR initiatives contribute to a positive workplace culture,
as employees often feel proud to work for a socially responsible company. This leads to higher job
satisfaction and increased motivation.

4. Attracting Top Talent: Companies with strong CSR programs are more appealing to job seekers,
especially younger generations, who prioritize working for organizations that align with their values.

5. Stakeholder Trust and Relationships: CSR activities build trust with various stakeholders, including
investors, suppliers, regulators, and local communities, fostering stronger and more productive
relationships.
6. Innovation and Competitive Advantage: CSR encourages companies to
explore innovative solutions to social and environmental challenges, which can
lead to new products, services, and processes, thus enhancing competitiveness.

7. Long-Term Sustainability: Addressing social and environmental issues

contributes to the overall sustainability of a company by ensuring the well-being
of the community and the environment on which the business relies.

8. Access to Capital: Some investors and funds prioritize socially responsible

companies, providing better access to capital and potentially lower borrowing
costs.
 International
framework for
CSR
04
 International
Frameworks for CSR
There are several international frameworks and guidelines for Corporate Social
Responsibility (CSR) that companies can use to shape their responsible business practices.
Some of the prominent ones include:
• United Nations Global Compact: This is a voluntary initiative for businesses that are
committed to aligning their operations and strategies with ten universally accepted
principles in the areas of human rights, labor, environment, and anti-corruption.
• ISO 26000: This is an international standard that provides guidance on social
responsibility, offering a comprehensive framework for organizations to understand and
implement CSR practices.
• GRI Standards (Global Reporting Initiative): GRI offers guidelines for companies
to report on their economic, environmental, and social performance. It helps companies
create sustainability reports that provide transparency and accountability to
stakeholders.
• OECD Guidelines for Multinational Enterprises: These guidelines provide
recommendations for responsible business conduct in a global context, covering
areas like human rights, labor, environment, and anti-corruption.
• UN Guiding Principles on Business and Human Rights: These principles clarify
the roles and responsibilities of governments and businesses in ensuring respect for
human rights in the business context.
• Sustainable Development Goals (SDGs): While not a framework per se, the
SDGs provide a global roadmap for addressing pressing social and environmental
challenges. Companies can align their CSR efforts with specific SDGs to
contribute to global development.
10 Principles of the UN
Global Compact
1. Human Rights:

Principle 1: Businesses should support and respect the protection of internationally proclaimed human
rights within their sphere of influence.

Principle 2: Businesses should make sure they are not complicit in human rights abuses.

2. Labor:

Principle 3: Businesses should uphold freedom of association and the effective recognition of the right to
collective bargaining.

Principle 4: Businesses should eliminate all forms of forced and compulsory labor.

Principle 5: Businesses should effectively abolish child labor.

Principle 6: Businesses should eliminate discrimination in respect of employment and occupation.

3. Environment:

Principle 7: Businesses should support a precautionary approach to environmental challenges.

Principle 8: Businesses should undertake initiatives to promote greater environmental responsibility.

Principle 9: Businesses should encourage the development and diffusion of environmentally friendly
technologies.

4. Anti-Corruption:

Principle 10: Businesses should work against corruption in all its forms, including extortion and
bribery.
 05
The Role of
Governments in
CSR
 The Role of
Governments in CSR
• Governments play a crucial role in promoting corporate social
responsibility (CSR) through regulations and incentives. By
setting standards for ethical behavior and sustainability,
governments can encourage companies to act in the best interest
of society and the environment.
• Regulations can take many forms, from environmental laws that
limit pollution to labor laws that protect workers' rights.
Incentives can also be powerful motivators, such as tax breaks for
companies that invest in renewable energy or social programs.
• By using a combination of regulations and incentives,
governments can create a level playing field for companies and
encourage them to adopt responsible business practices.
 06
Conclusion: Why
an International
Framework for CSR
Matters
 Conclusion: Why an
International Framework
for CSR Matters
• In conclusion, Corporate Social Responsibility (CSR) is an
important concept that companies must embrace. It involves
taking responsibility for the social and environmental impact of
business operations. The benefits of CSR are numerous and
include improved reputation, increased customer loyalty, and
higher employee morale.
THANKS!

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