Assignment on

Corporate social responsibility practice in Bangladesh

Submitted to
Sonia Sharmin
Lecturer of premier university
Submitted by
Zahid Hasan
ID: 3576
Submission Date: 07/09/2020
 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:
There is in Bangladesh a long history of philanthropic activities from time
immemorial. These philanthropic activities included donations to different
charitable organizations, poor people and religious institutions ( Miyan 2006).
The CSR World Wide portal conclude that, in Bangladesh Civil society,
businesspeople and politicians view CSR in terms of philanthropy, particularly
in the schools and the healthcare sector. This focus is also rooted in the
country's Islamic tradition of calling upon those with more resources to help the
disadvantaged. Accordingly, companies are expected, most of all, to engage in
charitable works, for example by providing donations or incompany training
programs (The CSR World Wide portal, 2012). Till now, most of the businesses
in Bangladesh are family owned and first generation businesses. They are
involved in community development work in the form of charity without having
any definite policy regarding the expenses or any concrete motive regarding
financial gains in many instances. Moreover, most of the SMEs fall under the
informal sector having low management structure and resources to address the
social and environmental issues. The discussions on CSR practices in
Bangladesh in its modern global terms, is relatively new. In general, it is true
that in Bangladesh, the status of labor rights practices, environmental
management and transparency in corporate governance is not satisfactory,
largely due to poor enforcement of existing laws and inadequate pressure from
civil society and interest groups like Consumer Forums. Globally, as CSR
practices are gradually being integrated into international business practices and
hence is becoming one of the determining factors for market accesses, it is
becoming equally instrumental for local acceptability. A focus on CSR in
Bangladesh would be useful, not only for improving corporate governance,
labor rights, work place safety, fair treatment of workers, community
development and environment management, but also for industrialization and
ensuring global market access. By now, many CSR dimensions are practiced in
Bangladesh (Miyan 2006, Mondol,2009) Though CSR is a relatively new
concept in Bangladeshi corporate culture, awareness of corporate social
reporting has rapidly increased. All companies need to consider their CSR for
two basic reasons. Firstly, there is intensifying pressure from stakeholders to do
so (Belal, 2001 cited Azim 2011). Any company that does not develop and
promote its CSR policy to all stakeholders will face increasing threats to its
reputation. Secondly, because it makes sound business sense, CSR enhances the
reputation of an organization, brings in new business and improves stakeholder
return (Kabir,2003 cited Azim 2011 ). The government of Bangladesh has not
imposed or proposed requirements for disclosure of social and environmental
performance. The Bangladesh Companies Act 1994 sets the general framework
for corporate financial reporting. However, no provisions regarding CSR exist
in the Companies Act 1994 (GoB, 1994). Until recently, there has not been a
separate Bangladesh Accounting Standard (BAS) regarding social and
environmental reporting (IASCF, 2003). In Bangladesh, CSR is still voluntary
with the exception of disclosure of expenditures on energy usage required under
the Companies Act of 1994 and the Securities and Exchange Rules of 1987,
which require the total amount spent on energy to be shown as a separate
expenditure in the notes to the financial statements (Belal, 2001). Since
corporate social reporting disclosure is voluntary in Bangladesh.

2. Corporate Social Responsibility Practices in Robi Axiata

Bangladesh:
Robi Axiata (Bangladesh) Constrained is a dynamic and best countrywide GSM
correspondence arrangement supplier. It is a joint endeavor organization
between Axiata Gathering Berhad, Malaysia, and NTT DOCOMO INC, Japan.
Axiata (Bangladesh) Restricted, previously known as Telekom Malaysia
Worldwide (Bangladesh), started its task in 1997 under the brand name Aktel
among the pioneer GSM portable broadcast communications specialist co-ops
in Bangladesh. A while later on 28th Walk, 2010 the organization began its new
adventure with the brand name Robi. The report deals with the Corporate Social
Responsibilities CSRs) of Robi Axiata Ltd. The report includes a brief
discussion of CSR activities and exemplifies in detailed by the CSRs of
Robi.CSR is a familiar terminology in recent times, and its practices are being
integrated into the national and international arena. So far I have found that
Robi draws in itself in various kinds of Corporate Duty (CR) programs.
Through its CR activities, Robi expects towards the advancement of the
financial and environmental state of the nation through improving individuals'
lives concentrating on their essential needs just as monitoring the elite culture
and Legacy of Bangladesh. I tried to understand how they are conducting the
activities, the nature, and sector of their work and how they are communicating
their activities to increase the awareness level. Robi is firstly promoting its
brand besides endorsing it is enabling positive force on the civilization, mainly,
through its 'center operations' or business footstep and secondly, during its
aptitude to put out to national development goals by empowering People.

CSR Procedure in Robi Axiata Bangladesh

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.
8. Robi 10 mintue School
9. Robi internet corner incubating knowledge based society across the country.

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. NGOs