ABOUT THE SOCIETY
Bahrain Corporate Social Responsibility Society was established on 24 April 2011, under Resolution No.(7) for the year 2011 issued by the H.E. Dr. Fatima bint Mohammad Al Baluchi, Minister of Social Development.
It elected the first Board of Directors at the 1st meeting of its general assembly, on 26 July 2011.
Corporate social responsibility is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism, whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms.
CSR is an evolving business practice that incorporates sustainable development into a company’s business model. It has a positive impact on social, economic and environmental factors.
The main 4 corporate responsibility types of business can practice
Recognizing how important socially responsible efforts are to their customers, employees, and stakeholders, many companies now focus on a few broad CSR categories:
Environmental efforts: One primary focus of corporate social responsibility is the environment. Businesses, regardless of size, have large carbon footprints. Any steps they can take to reduce those footprints are considered good for both the company and society.
Philanthropy: Businesses can practice social responsibility by donating money, products or services to social causes and nonprofits. Larger companies tend to have a lot of resources that can benefit charities and local community programs. It is best to consult with these organizations about their specific needs before donating.
Ethical labor practices: By treating employees fairly and ethically, companies can demonstrate their social responsibility. This is especially true of businesses that operate in international locations with labor laws that differ from those in the United States.
Volunteering: Attending volunteer events says a lot about a company’s sincerity. By doing good deeds without expecting anything in return, companies can express their concern for specific issues and commitment to certain organizations.
