Abstract
This study reports Corporate Social Responsibility (CSR) and its present contribution of Sri Lankan context. CSR is renowned and known concept however, it is a new concept in Sri Lanka and research into this area relatively scarce compared with other Asian developing countries like India, Pakistan, Bangladesh, Indonesia, Malaysia and China. Furthermore, this study reveals complete on the theoretical development and the current CSR practices in Sri Lankan organisations, based on the literature and the researcher’s CSR experience tried to achieve the research objectives which was to identify the basic activities of CSR that was implemented in the Sri Lanka’s organisations. Government and non-government organisations (NGO) have been implemented rules and regulations for community development, health and education development as well as environmental development, which are part of the CSR plans identified by international CSR standards. The government and the private sector both favour the adoption of CSR concepts, and are attempting to promote the implementation of CSR programmes in Sri Lanka.
Highlights
Corporate Social Responsibility (CSR) is renowned and known concept in the world wide organisations
CSR is a new concept in Sri Lanka and research into this area relatively scarce compared with other Asian developing countries like India, Pakistan, Bangladesh, Indonesia, Malaysia and China
This study describes the impetus for the development of CSR in Sri Lanka, with Section 2 presenting an historical review of the country and Sections 3 and 4 describing the social and economic environment of the country, and capital market development
Summary
Corporate Social Responsibility (CSR) is renowned and known concept in the world wide organisations. CSR is a new concept in Sri Lanka and research into this area relatively scarce compared with other Asian developing countries like India, Pakistan, Bangladesh, Indonesia, Malaysia and China. Some researchers have identified a number of CSR practices in Sri Lankan organisations (Rathnasiri 2003; Wickramasinghe 2006; Fernando 2007). Sri Lankan companies, like the majority of companies in other Asian countries, regard CSR as being about charitable activities and providing financial assistance to various altruistic causes. This study describes the impetus for the development of CSR in Sri Lanka, with Section 2 presenting an historical review of the country and Sections 3 and 4 describing the social and economic environment of the country, and capital market development.
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