1.

Introduction:
'Corporate Social Responsibility' or CSR can be portrayed as Social Responsibility of Corporate
to the overall population. CSR can be viewed as a broad arrangement of plans, practices, and
tasks that are composed into business exercises, supply chains, and dynamic cycles
Frequently people will in general mistake CSR for compliance, however CSR is beyond the
compliance level. Also, there is a typical practice that a few associations attempt to cover the
repercussions of their work through their CSR exercises (for example Tobacco Companies),
which is not fall under CSR.
1.2 Definition of Corporate Social Responsibility
There is distinctive kind of perspectives on what CSR is and what it is not. CSR is more
normally misjudged as rewarding the general public. CSR is no rewarding movement and a
business should acquire for what it contributes. The company does it for its long-term result.
CSR is not a hard concept and can be described as
 Corporate - means organized business;
 Social - means everything dealing with people, the society at large;
 Responsibility - means accountability "There is one and only one social
between the two. responsibility of business-to use it
resources and engage in activities
designed to increase its profits so
CSR also related to business decision making and long as it stays within the rules of the
ethical values, compliance with legal requirements, game, which is to say, engages in
open and free competition without
respect for people and the surroundings. It is a
deception or fraud" Milton Friedman
complete set of guidelines, practices and applications in 2012 Good reads Inc.
which might be integrated all through commercial
business operation and decision-making process.

2. CSR in Bangladesh
The subject of CSR in Bangladesh has gone under
genuine spotlight in the wake of Rana Plaza
breakdown. Global clothing brands had come together to provide help from their CSR funds to
the survivors of the “Rana Plaza” victims and also put pressure on garments factories in
Bangladesh.
University teachers are presently spearheading a few research tasks and also, they offer
education to university students on CSR aiming to make the future leaders aware of the right
CSR exercise.

3. Examined the current practice of CSR:

The investigation recommended that the contribution of Bangladesh organizations in social
welfare was not huge, especially considering their huge yearly benefits.

 Most of the company stated that they understand the concept of corporate social
responsibility but they didn't follow any CSR guide line, policy or advice from any
CSR consultation center of Bangladesh.

SL COMPANY NAME Do you obtain any advice from any

other organizations (national) about
CSR activities?
YES NO
1 Apex Tannery NO
2 Apex Adelchi Footwear Limited NO
3 Beximco Pharmaceuticals NO
4 BRAC Bank NO
5 IDLC Finance YES NO
6 Summit Alliance Port Limited NO
7 Singer Bangladesh NO
8 Titas Gas Dist. Co. Ltd NO
9 Grameenphone YES NO
10 Nestle Bangladesh NO
11 Babylon Group NO
Source: CSR Bangladesh Practice and Perpetuity 2014

 Most companies were not interested to report their yearly CSR Budget in their
annual report.

SL Company Yearly Turnover Budget for CSR Expenditure

Name BDT BDT for CSR BDT

1 Apex Tannery 3,067,208,000 Mentioned in 550,000

(Annual Report Annual Report
2012)
2 Apex Adelchi 95,498,560,000 Not mentioned in Not mentioned in
Footwear (Annual Report Annual Report Annual Report
Limited 2011)
3 Beximco 7,892,400,000 Not mentioned in Not mentioned in
Pharmaceutical (December 2011) Annual Report Annual Report
s
4 BRAC Bank 194,540,000,000 Not mentioned in Not mentioned in
 (Annual Report Annual Report Annual Report
2011)
5 IDLC Finance 2,160,000,000 Not mentioned in Not mentioned in
(June 2012,) Annual Report Annual Report
Source: CSR Bangladesh Practice and Perpetuity 2014

4.Examples of CSR contribution to Bangladesh:

Footwear industry
1. Apex Adelchi Footwear Limited.
Company Profile: AAFL has strategic, specialized and promoting organizations with leading
European companies. AAFL is expertly managed, at present time more than 7000 employees
works and is completely consistent with Corporate Governance Compliance Report under
Section 2CC of the Securities and Exchange Commission Notification Order.
CSR Definition: What we comprehend by CSR that CSR exercises can be the reason behind
better performance and can create more income and development. Organizations that are socially
responsible typically create more monetary returns.
CSR activities: AAFL has brought the utmost poverty-ridden people (70% of who are women)
from Rangpur region hit by Climate Change. In fact, in 2011 alone, AAFL has instructed and
employed over 1,000 such people in its facilities. During their training session, each individual
was getting monthly allowance, giving them with a unique possibility to earn while acquiring.
The Company's whole business model not only tries to create job and empowerment of the
weakest areas in the country but also serve as a model of an environmentally efficient and
sustainable business model in the industry.
2. The Bata Shoe Organization
Company Profile: In Bangladesh, Bata inaugurated its development in 1962. The company is
one of the biggest tax–paying corporate groups providing Tk. 1.2 billion (year 2009) which
serves nearly 70% of tax paid by the whole footwear division of Bangladesh. The company also
has a convenient tannery plant with a production of 5 million square feet of leather yearly.
Yearly shoe sales currently hold at more than 30 million sets with a turnover for the year 2009 of
Tk 5 billion.
CSR Definition: As one of the biggest shoe producers in the world as well as in Bangladesh, we
are providing the society in many ways following their corporate Social Responsibilities (CSR)
internationaly. This company is offering in society and acting for social development.
CSR activities: On 19.05.2011, Bata Bangladesh Ltd. established a training curriculum on
product education, consumer service, etc. of four trainees from 'Maer Achol Shelter', Mirpur,
Dhaka. Bata Bangladesh Ltd. provided 40 sets of Bata school shoes for needy students of the
Geramara Govt Primary School of Sherpur. Bata Bangladesh Ltd. for the last 24 times sponsor of
'School Handball Tournament' which has enhanced a great field for our junior handball players.
Banking sector
The Bangladesh Bank ordered banks to designate supplementary funds for the corporate social
responsibility spending for the year 2021 so that the insolvent and distressed person harmed by
the wave of Covid outbreak could get monetary supports. Furthermore, banks are also advised to
present a statement on the implementation of the proper CSR exercises to the sustainable finance
activity by July 30, 2021.

A file photo exposes relief-seekers waiting on a road island near the National Press Club in Dhaka as the
COVID-19 outbreak forced the poor to the streets to collect food from contributors -The News Age. Apr
27,2021

1.Dutch Bangla Bank Limited (DBBL)

DBBL is one of the biggest supporting banks in Bangladesh concentrating on social well-being
by CSR activities. In 2012, the bank pays Tk. 523.53 million in CSR from which the education
division received 63%
of the total Tk. 324.59 Figure-1: Contribution of DBBL in different
million. In the humane sectors in 2012 (in million Taka)
and disaster sector, the
bank helps victims of 7%
natural disasters in 19%

their restoration
11%
method. The bank
disburses Tk. 36.65 62%
million in the health
Source:
division in which health education Disastar others
relief goes for
infrastructure construction (82%), surgeries (8%), smile brighter (7%) and contribution for
treatment (3%). The bank provides to the areas like awareness engendering campaign, ceremony
of Independence Day, anniversary of victory day, Bengali New Year festival.

2. EXIM Bank Limited

Export Import Bank of Bangladesh (EXIM) has been operating in
Bangladesh market with a spirit 'Together Towards Tomorrow' by acknowledging its
responsibility to the surroundings and society. EXIM bank concentrates more on education,
disaster, well-being, job creation, climate and sports.
Healthcare Services: A 5 storied building holding 10,000 sft floor reservation at 840 Kazi Para,
Rokeya Sarani,Mirpur, Dhaka-1216. A doctor has been hired who is serving as a resident
administrator of the hospital.
Scholarship Program: EXIM Bank Scholarship Program, originated in 2006 with 61
underprivileged and meritorious students chosen from various reputed educational institutes of
Dhaka City enlisted more than 1000 students from about 150 reputed educational institutions
across the country by 31 December 2008. Almost Tk 19.3 million has been distributed as a
scholarship under this program.
Education Promotion Scheme: Loan without profit is granted for needy and meritorious
students By 31 December 2008 Tk 19.7 million was endorsed to take care of about 138 needy
and meritorious students from several reputed educational institution.

Table 1: CSR Expenditure of EXIM Bank, 2007-2012 (in million Taka)

Year Amount Growth (%) Average
2007 ….
2008 19.30
2009 ….
2010 231.83 138.50
2011 180.90 -21.97
2012 399.00 120.56
Source: Bangladesh Bank CSR Review, 2012 and 2013

3.Janata bank limited

Janata Bank Limited has also understood its liabilities to the society and is willing to contribute
to the social life of the poverty-stricken people, infrastructure, environment etc. It has stepped
onward to offer interest-free loans to the poor and peripheral farmers. As per guidelines of DOS
Circular no 01 of Bangladesh Bank, Janata Bank Ltd inaugurates its CSR plans in 2008.
  The CSR plan is as follows:
 Education and Research
 Health and Medicine
 Poverty Reduction and Recovery
 Leather sector business encouragement
 History, Culture, and sports
 Information Technology
 Natural Calamity
 Protection of Environment

RMG Sector
Ananta Companies:
Ananta is one of the first few companies in Bangladesh to achieve innovative motivation,
advantage, safety & training plans to make the workplace an attractive and productive one.
CSR policy of Ananta:
Working Hours: Overtime hours are to be worked only on the conditin of workers free will.
The highest permissible working hours in a week are 48 and the most allowable overtime hours
in a week are 12.
Annual eye & dental camp: Ananta has built a large medical centre called Shaheed Professor
Shamsuddin Ahmed Medical Centre. A medical administrator & 3 staff nurses assist there on
full-time basis so that the employees can get all time service.
Relief aid in natural disasters: Ananta Management provided for the SIDR affected people.
After the disastrous flood, Athority gave each affected worker taka 500, Potato 2 KGs, Rice 5
Kgs, Dal 2 Kgs, Saline 9 packets, Halogen tablet 1 strip etc.

Corporate sector:
Grameenphone:
Grameenphone assumes that Telecommunication technology can empower somebody to bring
positive changes in their life.
CSR Initiative:
Grameenphone representatives are offering 'Internet for All' through It's My Turn initiative. It's
My Turn was launched to encourage "Safe Internet" and "Internet for All" amongst the school
students of Dhaka, Chittagong, Rajshahi, Sylhet, Khulna, Barisal and Bogra. At the hard times of
the country due to some natural disasters, be it flood, hurricane surge, cold wave, earth quack
Grameenphone always reached its support to the affected helpless people. Grameenphone was
given the Standard Chartered Bank-Financial Express CSR Award for its initiatives - Online
School, Telemedicine, partnership with Special Olympics Bangladesh.

Conclusion: Private companies get 10% tax discount for their CSR activities. Currently, there is
no settled policy in place from the government of Bangladesh for private companies to follow
CSR, although Bangladesh Bank has provided some set of directives to the private banks.The
government is recently working on some new systems, which will have a precise guideline on
CSR practice. Also, Bangladesh bank will observe the performances of CSR. CSR has not been
suitably regularized in Bangladesh yet. Also, many of research work has been conducted to
understand the practice and influence of CSR activities in Bangladesh. This three-bottom line-
People, Profit and Planet idea of CSR, if utilized well, guarantees to bring about stable
development. Hence, all the concerned stakeholders should come forth to build an ecosystem to
assure the right practice of CSR in Bangladesh.

5. Reference:
1. " Milton Friedman in 2012 Good reads Inc
2. Corporate Social Responsibility in Bangladesh:Practice and Perpetuity
ResearcherRumana Sobhan Porag Safety and Rights Society
3. http://safetyandrights.org/wp-content/uploads/2018/05/csr.pdf
4. https://innovation.brac.net/blog/changing-landscape-of-csr-practice-in-bangladesh/
5. https://www.textiletoday.com.bd/buft-to-be-a-center-of-excellence-on-csr-for-rmg-industries-
2/
6. https://www.bb.org.bd/pub/annual/csr/csrjuly2011.pdf
7. https://www.apexfootwearltd.com/
8. https://www.assignmentpoint.com/business/marketing-business/bata
9. https://epaper.newagebd.net/
10. https://www.researchgate.net/publication/
265089327_Corporate_Social_Responsibility_Practices_in_the_Banking_Sector_in_Ban
gladesh_-_An_Assessment
11. http://csrbangladesh.org/projects6.html

Thank you, Sir.