Corporate Social Responsibility in India
The Gdansk Institiute for Market Economics
Reporting on Corporate Social Responsibility by Banks, Financial Institutions and Listed Companies in Poland
Gdansk, December 2003
This publication and the research that enabled it were co-financed by a grant from the Partners for Financial Stability (PFS) Program, a cooperative program of East-West Management Institute, Inc. and USAID. The opinions expressed herein are those of the authors and do not necessarily reflect the views of the PFS Program.
1
The Gdansk Institiute for Market Economics
1.1. Corporate Social Responsibility in the national sector of listed companies (Marta Penczar) ................................................................3 1.2. Corporate Social Responsibility (CSR) in the Polish banking sector (Blazej Lepczynski).................................................................13 1.3. Corporate Social Responsibility (CSR) in the Polish sector of investment and pension funds (Dr. Piotr Pisarewicz)........................22
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The Gdansk Institiute for Market Economics
1.1.
Corporate Social Responsibility in the national sector of listed companies (Marta Penczar)
The concept of sustainable development becomes more and more important in the Polish economy. Sustainable development is development satisfying needs of the present generation not depriving future generations of possibilities to satisfy their needs1. Thus, companies have to implement the idea of the Corporate Social Responsibility, which is an equivalent of the sustainable development at the microeconomic level. The basic principle of the sustainable development and Corporate Social Responsibility is the combination of needs important both from the point of view of an institution, as well as a group of entities operating in its environment (employees, shareholders, stakeholders, borrowers, local society) within its business policy. Thus, the goal of a contemporary organisation should be to maximise its
Reporting on Corporate Social Responsibility by Banks, Financial Institutions and Listed Companies in Poland
Gdansk, December 2003
This publication and the research that enabled it were co-financed by a grant from the Partners for Financial Stability (PFS) Program, a cooperative program of East-West Management Institute, Inc. and USAID. The opinions expressed herein are those of the authors and do not necessarily reflect the views of the PFS Program.
1
The Gdansk Institiute for Market Economics
1.1. Corporate Social Responsibility in the national sector of listed companies (Marta Penczar) ................................................................3 1.2. Corporate Social Responsibility (CSR) in the Polish banking sector (Blazej Lepczynski).................................................................13 1.3. Corporate Social Responsibility (CSR) in the Polish sector of investment and pension funds (Dr. Piotr Pisarewicz)........................22
2
The Gdansk Institiute for Market Economics
1.1.
Corporate Social Responsibility in the national sector of listed companies (Marta Penczar)
The concept of sustainable development becomes more and more important in the Polish economy. Sustainable development is development satisfying needs of the present generation not depriving future generations of possibilities to satisfy their needs1. Thus, companies have to implement the idea of the Corporate Social Responsibility, which is an equivalent of the sustainable development at the microeconomic level. The basic principle of the sustainable development and Corporate Social Responsibility is the combination of needs important both from the point of view of an institution, as well as a group of entities operating in its environment (employees, shareholders, stakeholders, borrowers, local society) within its business policy. Thus, the goal of a contemporary organisation should be to maximise its