TABLE Canadian Government do to promote CSR in

                                                      TABLE OF CONTENTS

 

1.    
EXECUTIVE SUMMARY…………………………………………..2

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2.    
INTRODUCTION OF CSR………………………………………….3

3.    
TYPES OF CSR………………………………………………………3

4.    
IMPORTANCE OF CSR…………………………………………….4

4.1  
TO BUSINESS……………………………………………………4

4.2  
TO SOCIETY…………………………………………………….4

4.3  
TO ENVIRONMENT…………………………………………….4

5.    
ROLE OF CANADA TO BOLSTER CSR…………………………..5

6.    
CONCLUSION……………………………………………………….6

7.    
REFERNCES…………………………………………………………7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.     
EXECUTIVE
SUMMARY

 

 

 

 

The roots of the concept that we
know today as corporate social responsibility have a long and wide-ranging
history, it is mostly a product of the twentieth century, especially from the
early 1950s up to the present time. Despite its recent growth and popularity,
one can trace for centuries evidence of the business community’s concern for
society. To help appreciate the context in which corporate social responsibility
(CSR) grew and ?ourished, we will consider the late 1800s, or the Industrial
Revolution, as a reasonable beginning point for purposes of discussion.

 

In this report, I will discuss about
the Corporate Social Responsibility, the Benefits of Corporate Social Responsibility,
Types of Corporate Social Responsibility and what Canadian Government do to
promote CSR in Canada.

 

 

 

 

 

                                                    2. INTRODUCTION

Corporate Social Duty (CSR) is
characterized as the willful exercises attempted by an organization to work in
a monetary, social and naturally feasible way.

 

The Legislature of Canada
comprehends that mindful corporate conduct by Canadian organizations working
universally upgrades their odds for business accomplishment as well as add to
wide based monetary advantages for the nations in which they are dynamic and
for Canada. Contributing and working capably additionally assumes an imperative
part in advancing Canadian esteems universally and adds to the feasible
improvement of groups. The Administration of Canada is accordingly dedicated to
advancing mindful business hones; and expects and empowers Canadian
organizations working universally to regard every single material law and
worldwide norms, to work straightforwardly and in discussion with have
governments and nearby groups, and to lead their exercises in a socially and
earth capable way. (Corporate Social Responsibility, 2018)

 

3.      TYPES OF CSR

 

There are four types of CSR according to its beneficiaries:

3.1Environment-Focused Corporate
Social Responsibility (CSR)

This type of CSR focuses on reducing detrimental effects of the
corporation’s operations on the environment. The corporation innovates in its
manufacturing stage to reduce the production of environment harming
by-products. It also promotes the use of non-renewable energy sources to
prevent harm caused
to the environment by burning of fossil fuels.

    
3.2 Community-Based Corporate Social Responsibility (CSR)

The corporation joins hands with other organizations (usually Non-Profit
ones) to ensure the welfare of a local community’s people. These organizations
either fund or receive funding from corporations to perform tasks that can
improve the living conditions of the community’s people.

3.3 Human Resource (HR)-Based
Corporate Social Responsibility (CSR)

Corporations focus on the well-being of their own staff and improve their
living conditions. The companies may extend compassionate leaves like paternity
leaves so that the employee can look after his newborn. They can also provide
medical insurance to their employees to take care of accidents caused due to
occupational hazards.

3.4 
Charity
Based Corporate Social Responsibility (CSR)

In a charity-based CSR, corporations donate to organizations or
individuals (usually through a charity partner) to improve their financial
condition and for their general upliftment. This is the most common form of a
CSR activity. Most corporations provide direct financial support to
organizations or individuals who require such assistance.

 

 

                                                
4. IMPORTANCE OF CSR

 

The
benefits and advantages that corporations adopting Corporate Social
Responsibility initiatives may obtain the following (Campbell, 2007)

 

4.1 TO BUSINESS

·        
Increased employee’s
loyalty and retention.

·        
Gaining legitimacy
and access to markets.

·        
Less litigation

·        
Increased quality
of products and services.

·        
Bolstering
public image and enhanced brand value.

·        
Less volatile
stock market.

·        
Avoiding state
regulations.

·        
Increased customer
loyalty.

 

   4.2 TO
SOCIETY

·        
Improved
quality of life and changing habits.

·        
Capacity
building creates wealth and employment.

 

  4.3 TO
ENVIRONMENT

·        
Balanced
eco-system.

·        
Waste management.

·        
Clean and
green environment

      

5.
HOW DOES THE LEGISLATURE OF CANADA BOLSTER CSR?

The Administration of Canada has
set up an assortment of activities which exhibit Canada’s longstanding sense of
duty regarding advancing mindful business rehearse. The Government of Canada work
with the Canadian business group, common society associations, outside
governments and groups, and additionally different partners to encourage and
advance capable business practices, and therefore bolster supportable financial
development and shared esteem.

(Corporate Social Responsibility,
2018)

                                                          

                                                       

                                                
   6.  CONCLUSION

 

The Government of Canada
works with a range of interlocutors to promote CSR, and provides funding to
numerous CSR projects and initiatives in countries around the world. Canada’s
network of diplomatic missions abroad actively promotes awareness and
understanding of the importance of responsible business practices and creates
opportunities for relationship building through conferences, workshops and
other activities involving companies, representatives of host governments, and
civil society. It is helpful for business, society and as well as for
environment. Thus, it can be understandable that CSR helps in building a
reputation as a responsible business and as a good citizen.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                                 

                                                           
7. REFERENCES

 

 

A History of Corporate Social
Responsibility: Concepts and Practices (PDF Download Available). Available from: https://www.researchgate.net/publication/282746355_A_History_of_Corporate_Social_Responsibility_Concepts_and_Practices
accessed Jan 23 2018.

 

o  
Corporate Social Responsibility,
2018 retrieved from

            http://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-
domaines/other-autre/csr-rse.aspx?lang=eng

 

o  
Corporate Social Responsibility,
2014. Types of CSR retrieved
from

Advantages and Disadvantages of Corporate Social Responsibility with Examples

 

o  
Campbell, J.L. 2007. Why Would
Corporations Behave in Socially Responsible Ways? An Institutional Theory of
Corporate Social Responsibility. Academy of Management Review, 32(3): 194-967