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picture1_Business Ppt Templates 74425 | Summary Of Experiences On The Situation Of Csr In The Eu 03


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File: Business Ppt Templates 74425 | Summary Of Experiences On The Situation Of Csr In The Eu 03
csr in the eu 10 post communist countries have no social background that would be supportive of csr csr is driven by multinationals coming to the new eu member states ...

icon picture PPT Filetype Power Point PPT | Posted on 01 Sep 2022 | 3 years ago
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                         CSR in the EU 10
                                                      •   Post - communist countries 
                                                          have no social background 
                                                          that would be supportive of 
                                                          CSR.
                                                      •   CSR is driven by 
                                                          multinationals coming to the 
                                                          New EU Member States. 
                                                                                                2
        CSR as a concept is driven by large 
          foreign investors (corporations) 
        •
          Every year around USD 25 billion in Foreign 
        Direct Investment flows into the CEE region.
        •
          The share of foreign affiliates in each host-country 
        is very high in the EU -10 (e.g., in Hungary - more 
        than 50%, Czech Republic 40%).
        •
          FDI changes social structures, the physical 
        landscape, and the whole economic climate 
        (there were 1 873 greenfield FDIs during 2002 
        -2004 in the EU – 10). 
        Source: UNCTAD World Investment Report 2005.
                                                                3
        Investors don’t take CSR seriously 
                  Holistic approach is missing.
       •“CSR is not an optional "add-on" to business 
       core activities - but about the way in which 
       businesses are managed. 
       • Businesses need to integrate the economic, 
       social, and environmental impact in their 
       operations.”
       Communication from the Commission, COM(2002) 347 final
                                                                 4
         Investors don’t take CSR seriously
                  Business solutions come first
           CAUSE:
           • Securing investments is investors' only 
           priority. Environmental and social aspects do not 
           warrant  sufficient importance during decision-
           making. 
           EFFECTS:
           • Conflicts with the public interest 
           •
             Frequent illegalities during approval procedures
           •
             Corruption
           •
             Irresponsible demands towards governments
                                                               5
        Investors don’t take CSR seriously
        CSR becomes a part of corporate governance 
            only after the investment is secured.
         CAUSE:
         Superficial implementation of companies' CSR policies.
         EFFECTS:
         •
           Multinationals don't inform the public about their CSR 
         policies.
         •
           CSR used only for PR purposes.
         •
           Local management not properly trained to understand 
         CSR:
                - Illegalities and breaches of companies' CSR 
                 policies.
                - Philanthropy only.
         •
           No open dialogue exists between multinationals and 
         civil society or other stakeholders.
                                                         6
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...Csr in the eu post communist countries have no social background that would be supportive of is driven by multinationals coming to new member states as a concept large foreign investors corporations every year around usd billion direct investment flows into cee region share affiliates each host country very high e g hungary more than czech republic fdi changes structures physical landscape and whole economic climate there were greenfield fdis during source unctad world report don t take seriously holistic approach missing not an optional add on business core activities but about way which businesses are managed need integrate environmental impact their operations communication from commission com final solutions come first cause securing investments only priority aspects do warrant sufficient importance decision making effects conflicts with public interest frequent illegalities approval procedures corruption irresponsible demands towards governments becomes part corporate governance a...

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