National council to finalise CSR policy soon : Mannan

Dhaka,  Sat,  23 September 2017
Published : 02 Aug 2017, 22:04:10

National council to finalise CSR policy soon : Mannan

FE Report

State minister for finance MA Mannan said Wednesday the government would create a national council soon to finalise the CSR policy.

He said that the ministry of finance has received inputs from all ministries, business associations and research institutes to draft guidelines on CSR in Bangladesh.  

"A strong and effective institutional mechanism involving all stakeholders including public representatives across the country, bureaucracy, private sector, civil society, knowledge community and development partners are needed for the attainment of SDGs", he said.

He made the announcement at a seminar in response to speakers' call for finalising the national CSR guidelines and working on attaining the sustainable development goals (SDGs).

The Dhaka Chamber of Commerce and Industry (DCCI) and SR Asia Bangladesh organised the national seminar on "Propagating CSR Programmes by Corporate in Bangladesh."  

The speakers said corporate social responsibility (CSR) initiatives were undertaken in a scattered manner in the country.

They suggested focusing on the sustainability and impact assessment of CSR for the benefits of all.   

They suggested building the capacity of both companies and employees for serving the better interests of business and society.

Among the SDGs, 'zero poverty' is described in the No 1 goal, while goal two aims to ensure 'zero hunger', goal eight for 'decent work and economic growth' and goal 12 advocates for 'responsible consumption and production.'

CSR share helps 40 per cent value creation towards company's reputation, according to a research report prepared by Reputation Institute.

"Since CSR is apparently useful for all sections of the society, we would like to urge the government of Bangladesh to finalise national CSR guidelines," said president of the DCCI Abul Kasem Khan.

"Take initiative for preparing a CSR law and making compulsory reporting on CSR for businesses," he added.

"CSR can strongly act as a catalyst and facilitate attaining the SDG targets," he said.   

The DCCI chief said suggested companies comply with standard business, industrial, environmental and social regulations.

He said CSR in Bangladesh was at a premature stage.

Country director of SR Asia Bangladesh Ltd Sumaya Rashid said a CSR guideline would help corporate houses to expedite their CSR activities.

Prof ASM Amanullah of Sociology Department of Dhaka University said some of the indicators of CSR are pre and post income generation, changes in health situation, women empowerment, sustainable improved biodiversity, access to education and provision for more green energy.

Vice-President of the Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, Golam Mainuddin, former secretary Mahfuzul Haque, head of CSR of BSRM Group Ruhi Murshid Ahmed, group chief of marketing office of IDLC Jane Alam Romel, DCCI director Md Alauddin Malik and its former vice-president Abu Hurairah, among others, were present.
Editor : A.H.M Moazzem Hossain
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