Importance of Corporate Social Responsibility (CSR) for investment banks;
A Case Study of HSBC & Barclays
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In this research, we try to explore the notion of Corporate Social Responsibility (CSR) in a holistic context. The research analyzes many aspects of Corporate Social Responsibility and tries to gauge its effect on different corporate enterprises across the United Kingdom.
Finally, the research describes various factors, which are responsible for the triumph of CSR, and tries to describe the overall effect of the said phenomenon on investment banks in the United Kingdom. For having an in-depth assessment of the phenomenon of corporate social responsibility and its practical implications in U.K., case studies of two investment banks, i.e. HSBC and Barclays are considered.
Table of Contents
CHAPTER 1: INTRODUCTION1
Background of the study1
Aims and Objectives2
Significance of the Study2
CHAPTER 2: LITERATURE REVIEW3
Development of corporate social responsibility4
UK Government on CSR5
CSR Theories and Models6
Carroll's Four Part Model8
Effects on Society9
Limitations of corporate social responsibilities9
CHAPTER 3: METHODOLOGY11
HSBC & Barclays on CSR13
Sources of Data14
CHAPTER 4: RESULTS: AND DISCUSSION17
Theories of CSR17
CHAPTER 5: CONCLUSION21
Chapter 1: Introduction
Background of the study
Corporate social responsibility (CSR) has benefitted enormous recognition in the contemporary scenario. Nevertheless, arguments regarding CSR appear to have displaced from the premise that corporations have other obligations aside from the maximization of profits to the notion that corporations are able to abide by obligations that are more liberal. A way of meeting the terms that is progressively being expended is by deliberate initiatives. Modernistic CSR is largely linked with voluntary non-binding patterns that businesses hold fast to in an effort to be socially accountable.
There is greater cognizance of the demand for corporations to be accountable equally with their altering ability. This consciousness is being elicited by corporations themselves; international civil society, which has greater public examination and exercises force on corporations to behave dependably; and the literal and possible menace of international legal action considering foreign direct liability. It is heading to worldwide alterations, driving more liberal corporate social responsibilities, and the growth of CSR worldwide criteria in the fields of environment, human rights and anti-corruption.
CSR denotes to the perception that businesses have more liberal social concerns to regard not just the financial concerns of the establishment but also in order to meet social responsibilities. Advocates have indicated that a more socially accountable establishment will bring forth heightened business execution, together with greater client-based brand even-handedness. Nevertheless, this universal estimate has been disputed and indeed it ...