Also to investigate into whether or not there is a significant relationship between corporate social responsibility and profitability of nigerian banks. The purpose of this article on corporate social responsibility csr concepts and practices, referred to as just social responsibility sr in the period before the rise and dominance of the corporate form of business organization, is to provide an overview of how the concept and practice of sr or csr has grown, manifested itself, and flourished. It begins by assessing the industry background of the oil sector in which shell operates bringing forth the issues that impact the company and its stakeholders in. What is the understanding and reason for csr in nigerian organisations. Corporate social responsibility csr initiatives in nigeria originated from the practices of multinational companies mncs operations in the extraction sectors of the nigerian economy, especially in the oil sector. Corporate social responsibility from a nigerian perspective gupea. Corporate social responsibility in nigeria nigeria is a developing country that is abundantly rich in many natural resources and as a result has a good number of multinational corporations ranging from oil companies, banks to consulting firms. Jan 20, 2017 with a focus on shell nigeria, this report critically evaluates the concept of corporate social responsibility csr assessing its contribution to the companys corporate strategy.
Regulation and enforcement of corporate social responsibility. Corporate social responsibility csr in nigeria citeseerx. A large number of initiatives have been developed that aim to support companies in developing, implementing, and communicating about csr, shell oil nigeria stands out arvidsson, 1996. Corporate social responsibility from a nigerian perspective abstract abstract corporate social responsibility csr, the set of standards to which a company subscribes in order to make its impact on society, has the potential to contribute to sustainable development and poverty reduction in the world. Shell is a multinational corporation that for 50 years has been intimately involved in nigerias economy, politics and overall development. Poor communitycompany relations in the niger delta hadrawn ve attention to the practice of corporate social responsibility csr in the region. In order to achieve two objectives set, the study need data on two variables. For bankers, the above headline story makes grim reading. Corporate social responsibility in nigeria banking sector would be aimed at addressing the peculiarity of the socioeconomic development challenges of the country e. Corporate social responsibility of multinational corporations and the development of the niger delta region of nigeria enefiok e. Corporate social responsibility csr impact on operations of chevron in nigeria student name.
Social responsibility is a means of achieving sustainability. Corporate social responsibility and sustainable business. Corporate social responsibility covenant university. Corporate social responsibility is a concept that embraces the notion that every organisation has a humanitarian and philanthropic responsibility in addition to its ordinary responsibility to make money for the companys purse. Jun 17, 2010 journal of business and public policy. At guaranty trust bank, it is passionately believed that corporate social responsibility embodies an ardent commitment and social pact with all the stakeholders. Nigeria has a huge deposit of crude oil that ranks among the best quality in the world. The foregoing brings to the fore, corporate social responsibility in nigeria visavis the csr bill before the national assembly. Corporate social responsibility and mobile telecommunication. Corporate social responsibility and the legal regulation in. He is completing a phd degree in corporate governance at brunel university in the uk. Corporate social responsibility and firms profitability introduction. Project topic on corporate social responsibility of. Adopting key social responsibility principles, such as accountability and transparency, can help ensure the longterm viability and success of any organization or system.
Corporate social responsibility, organizational profitability, community, customer. As a consequence, multinational enterprises have engaged in corporate social responsibility csr initiatives in order to create a better image while serving the needs of local communities. An overview of corporate social responsibility 4 what is the business case for csr. The companys corporate social responsibility is driven by a vision to always winning with nigeria. Corporate governance laws and regulations nigeria covers common issues in corporate governance laws and regulations including transparency and reporting and corporate social responsibility in 33 jurisdictions. Drawing empirical evidence from indigenous firms, this study explores the meaning and practice of csr in nigeria. The movement on corporate social responsibility has won the battle of ideas.
In 2010, the international organization for standardization iso published an international standard, iso 26000. Corporate social responsibility csr initiatives in nigeria originated from the practices of multinational companies mncs operations in the extraction sectors. With prudent management of resources, it should rank among the richest countries of the world. Corporate social responsibility csr the writepass journal. Introduction corporate social responsibility csr is a controversial subject that continues to attract a lot of. Corporate social responsibility and organizational. In the nigerian society, corporate social responsibilities csr has been a highly cotemporary and. Responsibility is reflected in disclosure made by these companies or business concerns known as corporate social and environmental responsibility reporting. Corporate social responsibility and nigerian society. It was found that indigenous firms perceive and practise csr as corporate philanthropy aimed at addressing socioeconomic development challenges in nigeria.
Amaeshi warwick business school, united kingdom, bongo c. Corporate social responsibility, africa, ghana, mining industry. Management education can be an important source of new ideas. Adi regional development economics, university of tsukuba, japan chris ogbechie lagos business school, pan. A journey from 1700 bc till 21st century article pdf available in international journal of advanced research 18 october 20 with 8,219 reads. Implementing corporate social responsibility 18 task 1.
The oil resources are located in the niger delta area of the country. In ghana the concept has tended to focus on the external environment to the neglect of the internal environment from where employees operate. It is in line with the above statement that this paper aims at studying the commitment of foreign as well as local businesses in achievement of corporate social responsibility in nigeria. Corporate responsibility or sustainability is therefore a prominent feature of the business and society literature, addressing topics of business ethics, corporate social performance, global corporate citizenship, and stakeholder management. Corporate social responsibility initiatives in nigeria. Poor communitycompany relations in the niger delta hadrawn ve attention to the practice of corporate social responsibility csr in. This paper examined the drivers of corporate social responsibility within construction organisations in nigeria. The ogoni issue in nigeria has especially been analyzed and scrutinized and will be focused on in this paper due to too little space to analyze all of shells controversial operations. The business dictionary defines corporate social responsibility as a companys sense of responsibility towards the community and environment both ecological and social in which it operates this follows without saying that a company should have some. It will examine the existing role that the nigerian law plays for the sustenance of the practise of csr among its companies. His current research interests include the role of boards in corporate governance and. The main corporate entities currently existing in nigeria are. It is also the second largest continent in the world with a population over a billion, and in addition to this, many of the raw. The most active sector in nigeria is the oil industry and it is where the nigerian government derives over 70 per cent of its revenue.
His current research interests include the role of boards in corporate governance and corporate social responsibility. This study examines corporate social responsibility csr in nigeria in the light of legal regulations, case laws and governmental policies. It overlaps with other such concepts as corporate citizenship, sustainable business, environmental responsibility, the triple bottom line, social and environmental accountability, business ethics and corporate accountability. Arguably, the history of organised csr in nigeria can be traced to practices in the. Pdf the impact of corporate social responsibility on firms. It noted that even before the western organized csr.
Corporate social responsibility nigeria and world news. The study examines the effect of expenditure on corporate social responsibility on profitability of nigerian banks. In nigeria however, it appears there is no study yet that has identify the specific factors that influence environmental and social disclosures after the ifrs adoption. Pdf corporate social responsibility csr in nigeria.
The objectives were to determine the critical factors driving corporate social responsibility implementation in nigeria and to examine the level of its uptake. Corporate social responsibility from a nigerian perspective core. Corporate social responsibility is a social concept that highlights the importance attached to the need to bridge the expectation gaps of the major stakeholders in the affairs of an entity whether natural or artificial. In nigeria, mobil oil company, the united bank for africa and. Impact of corporate social responsibility on profitability.
Introduction corporate social responsibility csr is a controversial subject that continues to attract a lot of attention from those who. Amao department of law, university college cork, ireland. Acknowledgements i am incredibly grateful to the many people who have gone out of their way to help me prepare this dissertation. Jul 22, 2015 corporate social responsibility csr impact on operations of chevron in nigeria student name. The drivers for csr in the west are to be found within areas such. Thus, the bank is committed to creating enduring partnerships for sustainable development whilst adding immense value to the diverse communities in which it operates. Corporate social responsibility and the legal regulation. The business dictionary defines corporate social responsibility as a companys sense of responsibility towards the community and environment both ecological and social in which it operates this follows without saying that a company should have some form of responsibility towards the community in which it operates. Henderson and pierson 2004 explains that social and environmental reporting is an aspect of sustainable development reflecting.
This responsibility obliges corporations to do what is right. Pdf on jan 1, 2006, bongo c adi and others published corporate social responsibility csr in nigeria. As part of its corporate social responsibility csr, and to give back to the society where it operates from, the nigeria air force naf 651 base service group, ikeja, lagos state, recently. Corporate social responsibility from a nigerian perspective. An assessment of the impact of corporate social responsibility on. Corporate social responsibility, csr has become an important element in the business strategy of a growing number of companies worldwide. Nigeria is one of the leading producers of oil and gas in the world.
Nigerian breweries plc is a socially responsible corporate organization with a good track record of corporate social initiatives. Oct 01, 2009 the foregoing brings to the fore, corporate social responsibility in nigeria visavis the csr bill before the national assembly. The history of formalized corporate social responsibility in nigeria can be traced. Against this background, the aim of this study is to.
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