CSR Guidelines for the Financial Sector - page 19

CSRGUIDELINES FOR THE FINANCIAL SECTOR
4
Maturity:
Organizations commitment toCSR varies in degree and varies inmeans of representation. Below is a general
maturity chart against which organizations can ascertain thematurity of their commitment toCSR.
Value
Compliance:
Organizations that
are only committed
toCSR from a
compliance
perspective don’t
feel the need to
understandCSR,
agreewith or
believe inCSR but
go through the
motions to comply
with the basic
needs and
applicable
legislation. The
CSRCommitment
is often limited to
external
representation.
Lip Service:
At thismaturity
level, organization
management tend
to commit toCSR
to fulfill minimum
requirements to
protect themselves
and their jobs
limitingwhat they
do towhat is
expected and no
more.
VISION:
With a vision,
organizations at
this stage of
maturity, have a
vision, an interest
and an
understanding of
CSR but are still
identifying or
seeking themeans
to best commit to
that visionwithout
negatively affecting
themselves.
Management
System / profit
Center:
Organizations at
this stage of
maturity are
committed toCSR
because they
believe in it and
undertake the new
requirements that
comewith it such
as increased
competencies,
changes in roles,
responsibilities and
processes.
Full Integration
Growth engine:
At the peak of CSR
commitment is a
belief in the added
value and
importance of CSR
for sustainability.
This commitment
becomes
intrinsically
motivated enabling
the setting of high
expectation for
managers and
others throughout
the organization.
Maturity
Current Status Analyses
Based on the results from theCSR Survey, it can be concluded that most financial institutions fall within
the Visionmaturity levels with a select fewwithin theManagement System/ Profit Center level.
Output:
- Clear buy-in from boards of directors, CEO and seniormanagement
- Commitment/Mission statement to start the effective implementation of CSR
1...,9,10,11,12,13,14,15,16,17,18 20,21,22,23,24,25,26,27,28,29,...87
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