The latest book from the Al-Attiyah Foundation – Best Practice Guidelines for Corporate Social Responsibility – is based on the premise that the United Nations Sustainable Development Goals (SDGs) serve as a good blueprint for framing corporate social responsibility (CSR) of companies and organisations, as well as how progress in approaches to sustainable development is influencing CSR practices.
The Foundation has developed this new publication with the expectation for it to serve as a useful guide for companies wishing to capitalise on their positive benefits to society, while mitigating, in a meaningful way, the adverse impacts of their activities. It builds on the Foundation’s 2017 publication, on Sustainable Development Goals and Energy Nexus.
The book examines key international standards, guidelines and principles, related to CSR, that have emerged through UN or other multilateral processes, or established by industry or business associations. These standards and guidelines represent the expectations of the international society for responsible business conduct. A concise overview of the standards and guidelines are presented and the key elements that are considered essential for best practice are highlighted and discussed. Some case studies illustrating the contributions, through CSR initiatives, by companies based in Qatar to Qatar National Vision 2030, are presented.
The book looks at the different CSR initiatives through the lens of four main characteristics. Characteristics that demonstrate that the CSR Initiative is:
Key aspects that should be considered if a CSR initiative is to effectively achieve its intended purpose are identified under each of the above four clusters.
CSR gives companies a competitive advantage – Leading companies committed to best practice, tend to pursue CSR initiatives with multifaceted objectives, meeting more than one of the above characteristics