Gcsr Presentation

8/7/2019 Gcsr Presentation

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PRESENTATION ONPRESENTATION ONECONOMICECONOMIC

SUSTAINABILITY WITHSUSTAINABILITY WITH

RELATION TO CSR RELATION TO CSR

PRESENTED BYPRESENTED BY--

SAURABH JAINSAURABH JAINM.B.A.(I.B.)4M.B.A.(I.B.)4THTH SEMSEM



ECONOMICECONOMIC

SUSTAINABILITYSUSTAINABILITY

Economic sustainability Economic sustainability is the term used to identify var ious is the term used to identify var ious strategies that make it possible to utilize availa ble resources tostrategies that make it possible to utilize availa ble resources to best advantage. best advantage.

The idea is to promote usage of those resources that is bothThe idea is to promote usage of those resources that is bothefficient and res ponsible, and likely to provide longefficient and res ponsible, and likely to provide long--temtem benefits. benefits.

In the case of a business operation, economic sustaina bility In the case of a business operation, economic sustaina bility calls f or using resources so that the business continues tocalls f or using resources so that the business continues tof unction over a num ber of year s, while consistently returning af unction over a num ber of year s, while consistently returning a

profit. profit.



A healthy local economy is essential f or aA healthy local economy is essential f or a

sustaina ble and liva ble community.sustaina ble and liva ble community.

It provides the resources that allow residents and aIt provides the resources that allow residents and a

community to pros per. It br ings employment and acommunity to pros per. It br ings employment and a

solid tax base to support services, leading to healthier solid tax base to support services, leading to healthier lif estyles and greater opportunities f or per sonal lif estyles and greater opportunities f or per sonal

f ulfillment.f ulfillment.

With a strong economy we can achieve a higher With a strong economy we can achieve a higher

standard of development, provide more services, andstandard of development, provide more services, and

enjoy an overall higher quality of lif e.enjoy an overall higher quality of lif e.



INDICATORS OF ECONOMICINDICATORS OF ECONOMIC

SUSTAINABILITYSUSTAINABILITY

Entrepreneur ial s pir it as measured by new business startsEntrepreneur ial s pir it as measured by new business starts--

An entrepreneur ial s pir it is considered essential f or wealthAn entrepreneur ial s pir it is considered essential f or wealthcreation and the longcreation and the long--term health of the economy.term health of the economy.

Although it is under stood that many new businesses f ail in theAlthough it is under stood that many new businesses f ail in thefir st f ew year s, the num ber of f ailures or the net num ber of fir st f ew year s, the num ber of f ailures or the net num ber of businesses were seen as less important measures. businesses were seen as less important measures.

The key indicator is whether there is a steady stream of newThe key indicator is whether there is a steady stream of newideas and new enterpr ises, some of which will be successf ul.ideas and new enterpr ises, some of which will be successf ul.



Percent of work f orce between 20 and 35 year s of agePercent of work f orce between 20 and 35 year s of age--

This indicator measures our a bility to attract new technology This indicator measures our a bility to attract new technology worker s and keep our own children in the region when they worker s and keep our own children in the region when they graduate. Our a bility to attract young people to the region is graduate. Our a bility to attract young people to the region is highly influenced by cultural and quality of lif e issues.highly influenced by cultural and quality of lif e issues.

Economic development prof essionals consider the a bility toEconomic development prof essionals consider the a bility toattract a qualified work f orce essential to keeping the regionattract a qualified work f orce essential to keeping the regioncompetitive. As our population ages, young worker s arecompetitive. As our population ages, young worker s areessential not only to meeting the needs of employer s but toessential not only to meeting the needs of employer s but to

providing support f or older and younger people who are providing support f or older and younger people who aredependent on their wages and other support.dependent on their wages and other support.



ECONOMIC SUSTAINABILITYECONOMIC SUSTAINABILITY

RELATED TO CSR RELATED TO CSR

Corporate Social Res ponsibility according toCorporate Social Res ponsibility according tothe Wor ld Business Council f or Sustaina blethe Wor ld Business Council f or Sustaina bleDevelopment defines corporate social Development defines corporate social

res ponsibility as, "the continuing commitmentres ponsibility as, "the continuing commitment by business to behave ethically and contr ibute by business to behave ethically and contr ibuteto economic development while improving theto economic development while improving thequality of lif e of the work f orce and their quality of lif e of the work f orce and their f amilies as well as a local community andf amilies as well as a local community andsociety at large".society at large".



Economic sustaina bility is not much related toEconomic sustaina bility is not much related to

corporate social res ponsibility becausecorporate social res ponsibility because

corporate social res ponsibility concentrates corporate social res ponsibility concentrates

more on the nonmore on the non--financial societal activities financial societal activities

that a company contr ibutes.that a company contr ibutes.

whereas economic sustaina bility concentrates whereas economic sustaina bility concentrates on the both the impact of environmental on the both the impact of environmental

f actor s of the company and the company¶s f actor s of the company and the company¶s

impact on the environment.impact on the environment.

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