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Business Ethics and CSR

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Navya V

on 3 October 2013

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Transcript of Business Ethics and CSR

Business Ethics and CSR
in
DXB/UAE

design by Dóri Sirály for Prezi
Dubai's Dirty Underbelly
A Brief Timeline
Stakeholder vs. Shareholder
WHO COUNTS?
Conclusion
The Middle East is pressured by
sustainability issues
and in the employment and natural resources sector. Community engagement and better corporate strategies have started to aid development in the region, and the trend has been gaining momentum. Much still needs to be done major
workforce integration and internal CSR
so that there is violation of worker’s rights but the country has surely accepted and understood the current economic situation and is taking
great steps forward
.
The GOOD Citizen
This is your city.

YOU
are part of its community.

Don't ignore,
ENGAGE.


Migrant Community
Leading to unethical and racist labour practices, is the belief that "they don't belong, they don't count". No human rights policies existed initially. Intervention by foreign embassies caused stricter implementation of visa rules and documentation, laying the foundation for ethical governance.
Don't know,don't care.
An urge to ignore others, and fend for oneself to follow the Dubai Dream. Low level of community work and engagement.
"One rotten egg..."
Low level of responsibility spreads like a disease. Even foreign companies adapt and take advantage of the situation. Not for long though.
Exemple Gracia
Companies advertising for a young good looking female secretary of Lebanese origin with attached passport copy would be grounds for prosecution in the U.S.

The interview procedures in the UAE consist of unethical questions about age, marital status and country of origin etc.
What Presentation 1 taught us
Transporting fifty building workers in a bus with no air conditioning, and dirty accommodation with fifteen people in one room would be a violence of human rights in any western country
What we See
Unethical practices and very less community engagement and government intervention
The Beautiful Big City
The Emerging Suburb
UAE is recognized as a global player beyond its oil and gas. It is attracting inward investment from multinational companies.
"It is the way it is"
It still goes on.
2009
2010
2012
2000
Ethical Needs
"If Middle East businesses want to play a role on the global stage it is time they took a close look at their ethical codes of conduct".
- Alex Zalemi, MD, Gulf Centre for Excellence in Ethics.
First CSR Survey
Catching Up
Leaderspeak - Sustainability
'A green economy for sustainable development' was announced in Dubai on Sunday by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai.

Through this initiative, the UAE aims to become one of the world leaders as well as a centre for the export and re-export of green products and technologies, and to maintain a sustainable environment to support long-term economic growth.
I work for an ethical institution, not a bunch of robbers.
CSR/Sustainability influences employee engagement, by getting the workforce involved in initiatives that highlight the company’s corporate social responsibility.

Influence of CSR/Sustainability Vs. Employee Engagement : Employer Brand Recognition (64%), followed by employee loyalty (55%), employee retention (52%) and employee productivity (50%).

78% companies have CSR/ Sustainbility Programs.
Moving on
66% of companies do not practice any CSR

The Dubai Chamber of Commerce and Industry unveiled a new business performance model for the Mohammad Bin Rashid Al Maktoum Business Award 2010 that takes into account future business challenges and global requirements.

Eight key areas: leadership, strategy, customer, workforce and talent management, operations and processes, innovation, governance and
corporate social responsibility outcomes.
The Need
The Middle East needs more foreign direct investment to become a consolidated GLOBAL player.
The Crisis
The market is
small and fragmented
compared to trading blocks like Europe and North America.
The Emerging Economy
Immature legal system grappling with the complexities of
international
and
domestic
business law
RESULT
The region has an image problem, with many U.S. firms viewing the region as
unstable and war-torn.
Beyond Oil and Gas Riches
Companies based in Dubai can now opt to apply for a
corporate social responsibility (CSR)

label.

An initiative to recognise best practices
in companies was launched by the
Dubai Chamber of Commerce and Industry (DCCI).

90% do not have a CSR strategy, or provision for social giving, said joint survey by
Emirates Foundation for Philanthropy and DCCI
2013
Full transcript