Spend CSR money with plans to alleviate poverty
Banks' expenditure in welfare activities should be well-structured, as it can significantly contribute to poverty alleviation, speakers said at an event in Dhaka yesterday.
Bank should pursue structured procedures to carry out its corporate social responsibility (CSR) which can help the country achieve social growth and balanced development, they said.
The analysts made the call at the inaugural session of a training styled "CSR desk in-charge of banks" organised jointly by the Association of Bankers, Bangladesh Ltd (ABBL) and Management and Resources Development Initiative (MRDI).
The two-day programme was designed to orient the bankers to the concept of CSR and how it can be utilised as an alternative source for development fund.
The training will also cover conceptual and practical aspects of CSR with special focus on CSR in the banking sector.
CSR desk officers of all banks will be covered by the training in two batches where the first batch saw 17 participants from 17 banks.
ABBL Chairman Mohammed Nurul Amin called upon the representatives of the participating banks to develop their own CSR strategy to help the country alleviate poverty.
He also stressed the need for building network with the local development organisations to identify the priorities and ensure best use of CSR money.
CSR activities accomplished by banks have demonstrated a significant rising trend over the last couple of years, Amin said.
Hasibur Rahman, executive director of MRDI, referred to the value of the money used by the corporate sector for welfare activities.
"CSR should not be a one-off show. It should have a sustainable and visible impact in the society," Rahman said.
Comments