CORPORATE SOCIAL RESPONSIBILITY 2 CSR in South Africa 1 Social Responsibility: CSR Guidelines for Business Stakeholders Argument for and against CORPORATE SOCIAL RESPONSIBILITY 3 Concepts

1. Social Responsibility Concept of CSR: To protect and promote the welfare of all stakeholders including the community.

1. Social Responsibility b) Guidelines for business policies on CSR: Mission statement Organisational culture Ubuntu [humanity towards others] Support from Top Management Support from Employees Address social issues in S.A.

1. Social Responsibility c) Interest groups and the demands placed on business by each of the interest groups: [stakeholders] Owners/ shareholders Employees Suppliers Customers Competitors Government Broader Community Environment individual or group that has an interest in the business PRIMARY SECONDARY

1. Social Responsibility d) Arguments for and against CSR: In favour (for) Against Already responsible - Provide goods & services real stakeholders are shareholders - profit Distracting employees from real responsibilities Spend money on CSR have to then recover costs create expectations – can’t be met Not always sustainable Help solve social problems Expertise and resources Business involved so government wont make law promote image job creation & improve standard of living

2. CSR in South Africa Factors that contribute to the need for CSR in SA: Inequalities of the past A dualistic economy – 1st & 3rd world Boycotts prevented FDI Water and land scarce Technological advancements The ‘Global Village’ phenomenon Breaking the cycle of poverty Culture of crime and violence Effects of HIV/AIDS

3. Concepts relating to CSR and CSI CSR – corporate social responsibility CSI – corporate social investment Poverty: Levels – Extreme poverty Moderate/ subsistence poverty Sustainability: Help communities become self-sufficient Set up a process to ensure project continues actual resources invested