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B a h r a i n C S R N e w s l e t t e r December 2007 Bahrain CSR Bahrain CSR Bahrain CSR BAHRAIN CSR NEWS LETTER Bahrain CSR Bahrain CSR Bahrain CSR.

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Presentation on theme: "B a h r a i n C S R N e w s l e t t e r December 2007 Bahrain CSR Bahrain CSR Bahrain CSR BAHRAIN CSR NEWS LETTER Bahrain CSR Bahrain CSR Bahrain CSR."— Presentation transcript:

1 B a h r a i n C S R N e w s l e t t e r December 2007 Bahrain CSR Bahrain CSR Bahrain CSR BAHRAIN CSR NEWS LETTER Bahrain CSR Bahrain CSR Bahrain CSR

2 BahrainCSR Newsletter Latest News > > C o n t e n t s > > CSR Concept world wide………… …… ……………… 1 CSR definitions ………………………………2 Why Bahrain CSR ………………………………3 CSR impact on society ……………………………… 5 CSR events of the month………………………………6 CSR books………………………………7 CSR ALBUM………………………………8 Your Organization in success BahrainCSR Newsletter

3 Page 1 C S R C o n c e p t w o r l d w i d e In recent times, there has been an acceleration of multinational corporate activity, generating wide attention and criticism. In an era of globalization, Multinational corporations - corporations that conduct business across national boundaries in many countries- are no longer able to conduct destructive and unethical practices under a protective radar. With a dramatic proliferation of media attention, propagation of non-governmental organizations (NGOs) and global information sharing, there is a surging demand from civil society, consumers, governments and shareholders for corporations to conduct sustainable business practices. The corporate response has often meant an adoption of ‘a new consciousness’ -- what has now become known as Corporate Social Responsibility (CSR). CSR Concept world wide CSR is an evolving concept that enables corporate executives to create and apply self determined policies to best meet the needs and demands of its stakeholders. CSR represents “the integrity with which a company governs itself, fulfils its mission, lives by its values, engages with its stakeholders, measures its impact and reports on its activities”. Companies are now expected to perform well in non- financial arenas such as human rights, business ethics, environmental policies, corporate contributions, community development, corporate governance, and workplace issues. Some examples of CSR are: safe working conditions for employees, environmental stewardship, and contributions to community groups and charities. The problem is that many companies that claim to be socially responsible often do not live up to such a standard. Because CSR is becoming more commonplace among corporations, there are concerns that some companies promote an image of CSR whether or not they have a true strategy in place and the results to show for. Accountability and transparency are key to conducting business in a responsible manner.

4 BahrainCSR Newsletter Page 2 C S R D e f i n i t i o n CSR is about how companies manage the business processes to produce an overall positive impact on society. 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 CSR is about capacity building for sustainable livelihoods. It respects cultural differences and finds the business opportunities in building the skills of employees, the community and the government CSR is about business giving back to society CSR is a concept whereby organizations consider the interests of society by taking responsibility Quality of Management Impact on Society Environment Marketplace Workplace Community Government NGOs Local Communities Shareholders Customers Employees Unions Financial Analysis The Business in Society CSR Definitions:

5 BahrainCSR Newsletter Page 3 W h y C S R i n B a h r a I n

6 Page 4 S i g n i n g C o n t r a c t S I g n I n g c o n t r a c t > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > W E W I L L S T A R T O N 16 TH D E C E M B E R BahrainCSR Newsletter

7 Page 5 C S R I m p a c t o n s o c i e t y Impact on society: The entire history of humanity has never witnessed a better, more disciplined, organized and cooperative society than the one established by Prophet Muhammad (PBUH) because it was based on the Holy Qur'an. If we are aspiring for a virtuous society that collaborates in promoting philanthropy and piety; where equality and civic engagement prevail while poverty and unemployment diminish, we have to be intellectually and religiously committed to the teachings of Islam. Family corporations also make gifts to charity organizations, an act that has developed into a family tradition that is passed on from one generation to another in an attempt to improve the living standards of others through financial and in-kind contributions. This giving spirit manifests itself at its best during the month of Ramadan, on other religious occasions and in response to local or regional emergencies when Muslim values of humanitarian and emotional compassion upsurge. Some private-sector corporations in Gulf countries are devoted to their roles in giving back --roles that emanate from a firm belief in Muslim culture and values that endorse philanthropy. Accordingly, they demonstrate their commitment to the value of giving by supporting charity organizations or by making gifts to deserving and underprivileged individuals.

8 BahrainCSR Newsletter Page 6 C S R e v e n t s o f t h e m o n t h CSR events Batelco

9 BahrainCSR Newsletter Page 7 C S R B o o k s CSR Books The Corporate Responsibility Code Book By: Deborah Leipziger The Corporate Responsibility Code Book is a guide for companies trying to understand the landscape of corporate responsibility and searching for their own, unique route towards satisfying diverse stakeholders. Good Book to read

10 Page 8 C S R a l b u m BahrainCSR Newsletter

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12 Page 10 Feel Thirsty? Here's an easy Cappuccino recipe for after a long fasting day when you want to treat yourself to something special AND all you need is a microwave and blender. To brew 2 cups of this coffee you need: One cup of 1% or skim milk A teaspoon of sugar A cup and a half of strong brewed coffee 1.After your coffee has brewed, combine the sugar & milk and heat it in your microwave for 2 minutes at the highest setting. 2.Next, whip the heated milk/sugar mix in your blender for about one minute until it's a fluffy foam. 3.Fill your cup two thirds full with the coffee and top it off with your heated froth. ENJOY! Learn something new, try a new sport or activity, buy something funny or something that will give you pleasure. Eat health food. Well-balanced meals. Get enough rest and sleep. Your body needs time to recover from stressful events. Learn to manage your time more effectively. Keep a positive attitude. Engage in a regular physical exercise; take a walk for half an hour everyday. Accept that there are events you cannot control. Be assertive instead of aggressive. "Assert" your feelings, opinions, or beliefs instead of becoming angry, defensive, or passive. Learn and practice relaxation techniques. Seek out social support. Beat the Stress Coming together is a beginning. Keeping together is progress. Working together is success. BahrainCSR Newsletter

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