Printer Friendly

Business executives need to get more active on corporate social responsibility front, says study.

Business executives need to get more active on corporate social responsibility front, says study

A 2007 survey by Dubai Chamber's Centre for Responsible Business (CRB) revealed that companies in Dubai are demonstrating interest, enthusiasm and tangible commitment to social responsibility

The Center for Responsible Business (CRB), a Dubai Chamber initiative, conducted a study which marks the second annual survey of attitudes and practices of corporate social responsibility (CSR) in Dubai in the summer of 2007. Twenty thousands two hundred (2,200) companies were surveyed, out of which 310 responded, yielding a response rate of 15%. Now, CRB releases 'Changing Together: The State of Corporate Social Responsibility in Dubai, 2007 - Executive Summary highlighting some major findings of the study.

The survey revealed that executives in Dubai consider corporate social responsibility as a fundamental part of their business agenda. This was the common verdict coming out of the 2007 survey that followed the maiden 2006 study on attitudes, commitments, and practices of small, medium, and large companies toward corporate social responsibility. The majority of executives rated ensuring health and safety issues in the workplace and the care for the environment as important issues.

Likewise ethical practices in the supply chain, the marketplace, ensuring employees' welfare, and donating to charity emerged as critical. For example, executives place high value on product and services quality (96.4%), incorporating suppliers' interests when making strategic decisions (61.7%), 72.5% work towards ensuring employee health and safety while 63.2% tend to measure environmental performance and 62.9% donate to charity.

The study also indicates that although corporations in Dubai are not entirely

there yet, in terms of mature and integrated CSR strategies and practices, they have an excellent point of departure for getting there.

Formed in 2004, the Centre for Responsible Business (formerly known as the Dubai Ethics Resource Centre) is the longest standing Centre promoting Business Responsibility in the UAE. As part of the Dubai Chamber, its international team of experts assist Dubai businesses to apply responsible practices that enhance performance and competitive advantage. The Centre for Responsible Business offers research, training, assessments, certification, programmes, events and advisory services that cover all aspects of CSR.

[c] 2008 Al Bawaba (
COPYRIGHT 2008 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Date:Apr 9, 2008
Previous Article:4th Annual HSE Forum in Oil & Gas.
Next Article:Clyde & Co's Intellectual Property Team Again Top Ranked in UAE.

Related Articles
Auditing Promises One Bank's Story.
Solid Corporate Citizens have Solid Profits.
Best corporate citizens 2004: Latin America companies set the standard for corporate citizenship in the region.
Sharing the wealth: by giving in times of need, corporations can do good in the community--and for the bottom line.
Corporate Social Responsibility campaign for Sharjah's private sector enterprises launched.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters