the CSR policy of the company.
CSR policy should have following areas under consideration:
Environmental issues.
Social and community problems.
Companies ethical issues.
Development sustainability.
Company's relationships with stakeholders.
Legal requirements.
Implementation of CSR Policy:
After mentioning and setting the Policies, company should specifically target the policies one by one. For example, in waste disposal programme company should dispose all of its waste time by time and don't show any delay in it.
Company could easily find out the issues relevant to its business or industry and support those charity organisations and NGO's which are doing well for removing that issue. Company can make its customers and employees the part of the programme by spreading awareness to them for the benefits of the society and ask them to participate in it. For long run implementation of the policy, company should come to any legal agreement with that charity to make it mutually agreed programme.
Company can choose those members from its staff that are more energetic and interested and ask them to give suggestions to how to make this programme successful and in running condition. Company can conduct different charity events like concerts, exhibitions and awarding programs and can raise money to for its charity.
Keep in touch with the society, customers and employees to find out more about their problems and issues if they have any by the company. Ask them that how we are doing and how we can help them. This type of things will raise the level of understanding with your customers, employees and community.
Risk Management:
CSR Policy is the reflection of company's interests and concern with the community and its stake holders. Company can be accountable for its activities regarding social responsibility. So company should already identify the risks which may affect the society and manage it.
Company's CSR policy should be like this that it gives advance warning of any upcoming risk so that it may be erased before coming. This step will increase the reputation of the company and reduce the impact on its business.
Roles and responsibilities:
In CSR policy, it should be included that what type of task will be done by whom and who will be responsible for any specific job. All the tasks should be allocated to the members and they must be responsible and accountable to the general public.
An Integrated report:
It might be possible that any company's CSR policy will be similar to any other company. There may be some links which are similar like employee's timings, health and safety policy and procurement and training policy. One company must be agreed to other company to minimise the conflict and they must be mutually agreed upon all the matters between them.
Management responsibility and corporate functionality
The modern times where every corporation is strengthening its view in the eyes of public and stakeholders by designing strategies in favor of corporate responsibility. But still there are certain executives who are irresponsible towards these policies and some of the big results of these irresponsibility's are dissolution of ENRON ad WorldCom.
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