lly and can made you the market leaders. By developing a policy you came to know about what is the importance of CSR to your company.
Besides this, CSR policy also has business benefits to your business like it shows your commitment to CSR and how serious you are about social responsibility. It enhances the reputation and credibility of your business. A cleared CSR policy with set targets and milestones lead you to your objectives in respect of CSR.
Parties Involved in CSR:
CSR policy based on the values of the company and every person that is connected with the company must have a connection with the CSR policy. But for better results, CSR policy should be adopted from top to bottom management of the company.
In CSR policy, company should mention its employees, customers, suppliers and community and should also mention that how the company get work from them and make them useful for CSR policy. Company should listen to its stakeholders to add something new if necessary to improve the working and standard of the company. These are the parties directly involve in CSR policy:
Staff:
Staffs are the hands of the company by which company can perform their task; they enable the company to achieve its targets. Every staff member has its own views, thinking and beliefs but company can drive their staff on a track which is beneficial to company, community and for the Government. Company should regularly consult with their staff about the policies and system of the company. Company should make an environment where every staff member can participate for the betterment of the company.
Customers:
We can easily judge the running of any company by their behaviour with the customers, how they deal with the customers and what services they are giving to their customers. But if we talk about CSR in this prospect then it means what is best for customer and what is important to them. By taking feedback from your customers company can easily identify their errors and they can remove it easily.
Suppliers:
Identify the core values and policies of the supplier and discuss all the matters with him if any conflict arises in your policies. Check the supplier's policies regarding environment, employment and quality and treat them as it is your own and give suggestion if necessary.
Community:
The CSR policy of the company is the main reflector of the social responsibility towards the community. Company should know about the thinking of the locality that what they are thinking about the company, if they have any problem and issue than this is the responsibility of the company that they should solve it as soon as possible.
What should be included in CSR Policy? :
CSR policy depends on the nature of every business. As the nature of every business is not same so it is the possibility that the CSR policy may be change. CSR policy should be specific, to the point, realistic and not be just focus to theoretical principles of it.
Aims and Objectives:
After full consultation, observation and analysis, the aims and objectives of the CSR policy should develop because it is the full infrastructure and route map of the business responsibility of the company. So it is very necessary to keep every single aspect under consideration while making
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