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Ray of Sara shines on Tea production falls 3% in 2022 Top republican says odds 'very high' of US military conflict with China Germany overcome Belgium to win hockey World Cup ‘Local conglomerates lost Tk 65,000cr for dollar price hike’ Bavuma century sets up series win for South Africa Real life ‘3 Idiots’ hero on a ‘Climate Fast', but why? Odisha minister shot dead by rogue cop India clinch six-wicket win over NZ to level series IMF likely to approve Bangladesh’s $4.5b loan tomorrow Ex-justice Siddiquee made law commission member National Film Awards 2021 announced Brighton strike late to knock holders Liverpool out of FA Cup One Hundred Years of ‘Siddhartha’: One man’s journey to enlightenment Journalist Raghunath Kha released on bail
The Daily Star
Monday, January 30, 2023 | Journalism Without Fear or Favour
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Editorial

We need socially responsible corporates

CSR Awards recognise firms, individuals for improving lives
Mon Nov 28, 2022 11:25 AM Last update on: Mon Nov 28, 2022 11:39 AM
VISUAL: STAR

The idea of corporate social responsibility (CSR) has been gaining popularity in the business world for the last few decades. It has evolved from being a mere PR exercise, or a means of getting tax benefits, into a strong social agenda. The Daily Star CSR Awards this year has shown how corporate entities are developing a clearer understanding of what the community needs and designing projects to meet them.

Four companies, a bank, a mobile financial service provider and five remarkable individuals have won this year's awards. Together, they give an idea of the innovative spirit of altruism.

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Hats off to CSR champs

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A fully-funded medical centre built in 2001 by LafargeHolcim for marginalised communities of Chaatak won the award in the healthcare category. In the education segment, bKash was selected for an initiative that distributed over 2.6 million books among schoolchildren and included reading programmes with Bishwo Shahitto Kendro. Best CSR in environment was taken by HSBC for planting around 42,500 mangrove trees and conducting awareness programmes to combat the effects of climate change. Coca-Cola Bangladesh won an award in the financial inclusion category with its support to people during the pandemic, including vaccination for day labourers and relief supplies to around 3 lakh people.

An effective game-changer

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The most special aspect of the CSR Awards was the recognition of individual endeavours through the "Young Humanitarian of the Year Award". Of them, Adnan Hossain's Humanity Foundation provides free quality education to over 2000 students along with free meals, medical camps and skills training to marginalised communities. Shekh Mohammed Moinul Islam's Human Aid Bangladesh Foundation has provided free medical treatment to over 8 lakh people and over 2 lakh free Covid screenings. Shanjidul Alam's EcoVation has trained over 3,500 volunteers to develop technologies that help communities, and has set up solar-powered water systems in remote areas. Azwa Nayeem's Alokito Hridoy Foundation has already trained over 15,000 teachers in rural and low-income areas in modern teaching methods, while Md Sahariar Hasan Jiisun's Bloodman connects blood donors to patients and has already helped more than 5 lakh people find donors by partnering with Facebook and Meta.

Ethical business is not a one-way street

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It goes without saying that the private sector has been the main driving force in boosting the economy and keeping it afloat. The government, meanwhile, is responsible for providing basic services of healthcare, education and skills training. With a huge population such as ours – the majority of whom are struggling to survive amid endemic corruption in almost all public services as well as the punishing financial crisis caused by the pandemic and Russia-Ukraine war – basic needs such as food, healthcare, and education are becoming even more inaccessible to the vulnerable sections of society. This is where the corporate world can step in. It can make a difference through projects that are innovative, practical and serve marginalised communities in the long term.

Related topic
A Better Tomorrow CSR Awards 2022 / Corporate Social Responsibility' (CSR) / Development and Humanitarian work / poverty in Bangladesh / climate change
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