Letters to the Editor
Companies should better their CSR profile
Recently I learnt about a frustrating survey report from this daily that only 16 percent of private companies in Bangladesh are contributing to social development through their corporate social responsibility activities. We know that building good company-image is a desired objective for a company for ensuring its business growth. CSR activities help the company to build that sort of image in customers' mind. So expenditures for CSR activities should be treated by the company authority as an investment.
However, it is somewhat encouraging that 46 percent of the surveyed companies mentioned that CSR and compliance would increase their business opportunities. It is also undeniable that private companies coming forward to reduce unemployment through their CSR activities could boost the country's development.
We are happy to know that some 280 informal companies and 20 formal companies are collaborating with a project implemented by Save the Children – Bangladesh to combat child labour through CSR in Bangladesh. We hope all business houses in Bangladesh will carry out their due social corporate responsibilities. We also hope that the government would remove the loopholes in the existing laws in this regard.
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