Corporate Social Responsibility in Nepal
Essay on Corporate Social Responsibility in Context of Nepal
Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. While there is no universal definition of corporate social responsibility, it generally refers to transparent business practices that are based on ethical values, Compliance with legal requirements, and respect for people, communities, and the environment. Thus, beyond making profits, companies are responsible for the totality of their impact on people and the planet. In the business community, CSR is alternatively referred to as “corporate citizenship,” which essentially means that a company should be a “good neighbor” within its host community.
Corporate Social Responsibility also called as socially responsible business is a relatively new concept in Nepal. The Nepalese businesses have recently started using the terminology CSR. In Nepal for decades, businesses have been practicing silent corporate philanthropy such as building, roads, temples, donation to schools or community development etc. In other words, social responsibility refers to the obligations of a firm, beyond the required by law of economics to Pursue long-term goals that are good the society. Education, training and welfare of under privileged, contributions to healthcare and environment, heritage and culture protection, contribution to association, clubs and other organization etc are the most commonly used CSR activities in Nepal.
Each business organization is the social institutions and they are living members of the society. Similarly business form used resources of the society and provide output to the society .It is the major obligation of the business firm to protect the social norms, rules and values .It is the duty of the organization to compensate against the
Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. While there is no universal definition of corporate social responsibility, it generally refers to transparent business practices that are based on ethical values, Compliance with legal requirements, and respect for people, communities, and the environment. Thus, beyond making profits, companies are responsible for the totality of their impact on people and the planet. In the business community, CSR is alternatively referred to as “corporate citizenship,” which essentially means that a company should be a “good neighbor” within its host community.
Corporate Social Responsibility also called as socially responsible business is a relatively new concept in Nepal. The Nepalese businesses have recently started using the terminology CSR. In Nepal for decades, businesses have been practicing silent corporate philanthropy such as building, roads, temples, donation to schools or community development etc. In other words, social responsibility refers to the obligations of a firm, beyond the required by law of economics to Pursue long-term goals that are good the society. Education, training and welfare of under privileged, contributions to healthcare and environment, heritage and culture protection, contribution to association, clubs and other organization etc are the most commonly used CSR activities in Nepal.
Each business organization is the social institutions and they are living members of the society. Similarly business form used resources of the society and provide output to the society .It is the major obligation of the business firm to protect the social norms, rules and values .It is the duty of the organization to compensate against the