Assignment on

Corporate social responsibility practice in Bangladesh

Submitted to
Sonia Sharmin
Lecturer of premier university
Submitted by
Md. Raihan Islam
ID: 3577
Submission Date: 01/09/2020
 TOPICS

1. Describe CSR practice in Bangladesh

2. Choose any firm in BD that practice CSR then

describe the procedure of it.
1.1 CSR practice in Bangladesh:
The study explores CSR conception and implications in context of Bangladesh
and illustrates practices in specific industry sector in particular. In keeping with
global movement, CSR is being seen as the source of new competitive edge for
the companies operating in Bangladesh. Across the globe, there are many
examples of companies that have used CSR not only to improve community
relations but also as a source of significant commercial benefit. The national
development can be promoted with transparency, good governance, concern for
the environment and good relations with all stakeholders of a company by
adopting principles and practices consistent with CSR. There is a need to link
CSR among academics, managers, stakeholders and students. The increasing
demands of overseas clients from EU and US are forcing companies in
developing countries in general and that of Bangladesh in particular to adopt the
dynamic policies of CSR. From this perspective, it may be beneficial to learn
from companies in different sectors like Ready Made Garments (RMG) and
Shrimp sub sector who practice CSR in exemplary ways. CSR can be observed
as an all-inclusive set of strategies, observations, and programs that are
combined with corporate actions, resource chains, and assessment making
procedures through the corporation and comprise duties for present and past
activities along with sufficient devotion to future effects. CSR’s efforts differ by
segment, by size, and by business even by geographical area..
2. Corporate Social Responsibility Practices in Grameenphone:
Corporate Responsibility is manifested through the implementation of our
vision and values in all spheres of the company and its value chain. At
Grameenphone, we live by the saying “Development is a journey, not a
destination.” Our work is not just about ensuring connectivity; it is about
connecting with people and building a relationship based on trust with our
subscribers, business partners, employees, shareholders as well as the wider
community. We have always believed that good development is good business.
While we maintain our business focus, taking the nation forward remains our
top priority. Thus our relationship with Bangladesh is built on a partnership
which strives to achieve common economic and social goals.

At Grameenphone Corporate Responsibility (CR) is a complementary

combination of responsible business practices and corporate behaviour and
externally focused initiatives to create shared value for the society and the
company. In other words, GP’s “responsibility” includes both compliance with
international and national standards and obligations and stakeholder’s
expectations on GP’s role in the community. As such, corporate responsibility
can be said to span the whole of an organisation’s business activities.
CR initiatives will be more focused on generating greater social good by
utilizing company’s core expertise i.e. communication to create shared value
and long-term sustainability.

Projects and initiatives focused on using core competence to make a difference

to the society. GP will strengthen its focus on business integrated CR through
CR initiatives based on company’s core competence. This means using
communication technology to solve societal challenges or increasing the
effectiveness of existing initiatives through integration of communication
technology.
 CSR Procedure in Grameenphone
INTERNAL STRUCTURE:

1. Board level committee – The Committee will consist of 3 members. It will be

headed by the Chairman-cum-Managing Director and also have an Independent
Director.

2. Management level Committee – The Chairman-cum-Managing Director will

appoint a Committee consisting of at least 3 members, two of which will be
General Managers.

3. Management lower level Committee – The Chairman-cum-Managing

Director will appoint a Committee consisting of at least 3 members. It will be
headed by General Manager of CSR Department and shall also have two
Deputy General Managers.

Management level Committees Functions:

The General Manager heading the Committee will be assigned a team of

officials to assist him/her.
The Committee will:

1. Identify the projects for CSR activities,

2. Estimate the amount of expenditure needed on each of the activities,
3. Oversee the implementation of CSR and Sustainability agenda of the
company within the organization and also outside, i.e. covering internal as well
as external stakeholders,
4. Submit reports regarding the progress in the implementation of CSR and
Sustainability activities to the Board level Committee on quarterly basis,
5. Monitor the Corporate Social Responsibility Policy of the company and
review it annually, and
6. Implement projects which fall within its delegated authority.

Board level Committee Functions:

1. The Board level Committee will oversee the entire process of implementation
of CSR elated activities through review meeting on the reports of Management
level Committee, which will be submitted to it Quarterly, and
2. The Committee will review the CSR Policy annually.
PROJECT IDENTIFICATION:

1. Eradication of extreme hunger, malnutrition and poverty.

2. Promoting health care.
3. Making available safe drinking water.
4. Promotion of mid-day meal scheme.
5. Promotion of education, including special education.
6. Promoting gender equality and empowering women.
7. Livelihood enhancement pro.

EXECUTION:

1. For promoting risk management, educating the various sections of the society
would be the best option available to further the cause.

2. Our endeavour would also be to promote learning and knowledge at every

stage with special stress on management of risk through system of educational
Institutions.

3. In Health care, our goal would be to render quality health care facilities to
people, especially those living in the villages through health Insurance
mechanism.

4. In Sustainable Livelihood, our programs will aim at providing livelihood in a

locally appropriate and environmentally sustainable manner through NGO’s.

5. In Infrastructure Development, we endeavour to set up essential services that

will form the foundation of sustainable development through NGO or
Government machineries active in the area chosen.

MONITORING, REVIEW & REPORTING:

1. Each activity will be reviewed quarterly by the Management level Committee

to see that the financial inputs provided to either the executing agency or the
Corporations department for a specific purpose is utilized in the best possible
manner.
2. The quarterly report will be submitted by the Management level Committee
to the Board level Committee.
3. The Board level Committee will submit quarterly reports to the Board

IMPLEMENTING AGENCIES:

1. Directly by the Corporation

2. Government Projects
3. Section 8 Company
4. NGOs