Financial Times

Oxfam, FCCISL in new CSR initiative for sustainable development

Oxfam, FCCISL in new CSR initiative for sustainable development

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) and Oxfam GB last week signed an MoU aimed at enhancing the positive impact of Corporate Social Responsibility (CSR) on poverty.

The initiative undertaken by FCCISL and Oxfam GB will explore how to incorporate CSR initiatives more strategically into Sri Lanka’s private sector. It will undertake a mapping of the current scale, scope and effectiveness of CSR, and will provide practical guidance for the private sector on how to imbed CSR into core business practices.

The stakeholders in the government, private sector and civil society will be involved in developing a shared definition of CSR, and draw on strategies to galvanise a more strategic uptake of CSR as a poverty reduction tool, at business and policy levels, a FCCISL statement said.

A key focus will be on building the capacity of FCCISL as a national resource so it would be able to provide the private sector with advice and support on developing and implementing coherent strategies that imbeds CSR into core business, which can be an important means to help lift people out of poverty.

Top to the page  |  E-mail  |  views[1]
Other Financial Times Articles
LMSL owes Rs 1.5 bln in taxes-Inland Revenue
Hunter's director resigns, CSE yet to be informed
New rules, regulations for Development Lotteries Board
LMSL to run floating storage facility
LMSL - Preparing to vacate
Acting on SC decisions - Comment
Promoting tourism in South Asia
SriLankan Airlines takes measures to cut fuel usage
SLT Mobitel tie up with Arpico
Vallibel – most traded stock in Colombo bourse last month-report
FCCISL urges creation of Eastern Development Bank to spur development
Inflation falls in August
Inclusive marketing the way forward - Dr Hans Wijayasuriya
Brandix achieves world first in eco-friendly manufacture
Singer to raise Rs 300 million
Sri Lanka’s Milinda speaks at Asia Business Forum Conference
Sri Lanka, Myanmar help each other - Minister
RAM affirms ratings of LB Finance
PR key to create good first impressions


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2008 | Wijeya Newspapers Ltd.Colombo, Sri Lanka. All Rights Reserved.