Below are the key components typically included in a CSR plan:
Mission Statement: Clearly articulate the company’s commitment to social responsibility and sustainability. This should align with the company’s overall mission and values.
Stakeholder Engagement: Identify key stakeholders such as customers, employees, communities, suppliers, and shareholders. Outline plans for engaging with these stakeholders to understand their expectations and concerns.
Ethical Business Practices: Define the company’s commitment to conducting business ethically. This includes adherence to legal standards, fair business practices, and transparency in operations.
Environmental Sustainability: Detail initiatives aimed at reducing the company’s environmental impact. This may involve energy efficiency, waste reduction, sustainable sourcing, and other eco-friendly practices.
Social Impact: Outline programs and initiatives that contribute to social well-being. This can include community development, education and skill-building programs, healthcare initiatives, and support for underprivileged communities.
Employee Well-being: Highlight initiatives that focus on the health, safety, and well-being of employees. This may include employee development programs, diversity and inclusion initiatives, and measures to ensure a safe working environment.
Philanthropy: Specify the company’s commitment to philanthropy and charitable giving. This can involve donations, sponsorships, or partnerships with non-profit organizations aligned with the company’s values.
Supply Chain Responsibility: Address the company’s commitment to responsible sourcing and working with suppliers who adhere to ethical and sustainable practices.
Governance and Compliance: Emphasize the company’s commitment to sound corporate governance and compliance with relevant laws and regulations.
Measurement and Reporting: Define key performance indicators (KPIs) and metrics to measure the success of CSR initiatives. Commit to regular reporting and transparency regarding the company’s CSR performance.
Continuous Improvement: Demonstrate a commitment to ongoing improvement by setting goals for future initiatives and regularly reviewing and updating the CSR plan.
Risk Management: Identify potential risks associated with CSR initiatives and outline strategies to manage and mitigate these risks.
Remember, a CSR plan should be tailored to the specific needs and context of the company. Regular assessment and adaptation are essential to ensure the plan remains relevant and effective over time.
INHERENT TRADING AND IMPEX LIMITED
To ensure quality service with due time. Since 2017.The company places paramount importance on quality assurance.
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Head Office
350/562, Ramjoy Mohajan Lane (2nd Floor) Asadgonj, Chittagong.
(+880) 1534973765
info@inherentbd.com
Location of Factory
BFDC Road, Azimpara,Ichanagar, Karnaphuly, Chattogram, Bangladesh.
(+880) 1534973765
info@inherentbd.com