Team A3 Tega Mine Faizan Nick Henry

Content Definition of CSR Elements of CSR Best practices Implementation of the CSR wave riders Policy

What is CSR? CSR is a business decision making linked to ethical values, compliance with legal requirements, and respect for people, communities, and the environment around the world. Source: (Aaronson, 2003)

Main Elements of CSR Economic: responsibility to earn money for owners. Legal: responsibility to abide by the law. Ethical: responsibility to be fair and just. Voluntary: responsibility to promote human welfare. Source (Hopkins,2003)

Best Practices of CSR Set measurable goals Stakeholder Engagement Sustainability Issues Mapping Sustainability Management Systems Lifecycle Assessment Sustainability/CSR Reporting Sustainability Branding Source (Hopkins,2003)

Application of CSR in Wave-Raiders Kings of the European waters Customer satisfaction Reduce production cost Market share Quality Effective supply chain

CSR Policy Marketing department Goal: market share strategic marketing campaign 2% of every sale that the we make will be donated 100% recyclable product (less waste) Less wastage of resources

CSR policy Production department invest in new technology to make our product 100% recyclable to make an eco-friendly product (recycle and reuse) Recycle – reduces cost of product by 17%

CSR Policy Production department Goal: reduce the lead time Production plant will be located close to our suppliers Reduce CO2 footprint

CSR policy Finance Goal: Customer satisfaction External audit Transparency HR Creating equal opportunities to our employees Training and development program

Any Questions or comments

References Business for social responsibility.2003b. Overview of corporate social responsibility (23june2003) (23june2003) Corporate Social Responsibility's Seven Best Practices: Avoid Greenwashing Through Stakeholder Engagement Corporate Social Responsibility's Seven Best Practices: Avoid Greenwashing Through Stakeholder Engagement. [ONLINE] Available at: [ONLINE] Available at: _Corp_Social_Resp_A_definition_Thomas___Nowak.pdf _Corp_Social_Resp_A_definition_Thomas___Nowak.pdf Hopkins, M 2003, 'The business case for CSR: Where are we?' International Journal for Business Performance Management, vol. 5, no. 2,3, pp