CSR Underlying Concepts

CSR Underlying Concepts

• Inclusive Business: a business initiative that, keeping its for-profit nature, contributes to poverty reduction through the inclusion of low income communities (individuals, micro, and small businesses) in its value chain … as either suppliers, service providers, or agents & distributors, and consumers
• Shared Value: is based on the idea that corporate success and social progress are interdependent. A business needs a healthy, educated workforce, sustainable resources and proficient government to compete effectively
• Base of the Pyramid: a socio-economic concept that groups that vast segment – in excess of about four billion – of the world’s poorest citizens constituting an invisible and unserved market blocked by challenging barriers that prevent them from realizing their human potential for their own benefit, those of their families, and that of society's at large. Focuses on the poor as a huge market but targeting them with appropriate goods and services, both in terms of their size and cost as well as specifically related to their daily consumption and production needs
• Decent Work: Involves opportunities for workers that is productive and delivers a fair income, security in the workplace and social protection for families, better prospects for personal development and social integration, freedom for people to express their concerns, organize and participate in the decisions that affect their lives and equality of opportunity and treatment for all women and men