CSR Guidelines for the Financial Sector - page 64

51
Current Status Analyses
Based on the results from theCSR Survey, it can be concluded that most financial institutions boarder on
compliance
with a select few that see the true potential and
“vision”
.
Tools:
Annex E –CSRGovernance
Outputs:
- CSRGovernance framework
- Realizing of CSRCulture and incorporation of relevant CSR policies
- Implementation plan
- Performance indicators tomonitor implementation
Value
Maturity
Level/ Focus
Organizations
that are in the
early stages of
CSR
implementation
will focus on the
extent towhich
they are in
compliancewith
requiredCSR
action i.e. if
CSR investment
is a legislated
matter, is the
CSR budget in
compliancewith
such regulatory
budget.
Compliance:
However, the
organization
does not have a
clear action
plan to
implement its
CSR Strategy
and direction
nor the
necessary CSR
culture or
policies.
Lip Service:
Organizations
are engaging in
CSR activities
but not
necessarily
implementing a
clearly defined
CSR Strategy.
This could be
because of
limited
resources or the
lack of CSR
Leadership to
create the
necessary CSR
culture and
policies tomake
CSR a tangible
part of the
organization.
VISION:
An organization
that has the
necessary vision
would have a
clear business
plan to
implement its
CSR Strategy
alongwith the
necessary CSR
culture and
policies.
However, it may
be short on
resources that it
is investing in
through ample
CSR training.
Full
Integration
Growth
engine:
An organization
that has invested
a lot in the
effective
implementation
of CSRwould
have that
reflected in the
internal CSR
culture and
policies, in a
clear
implementation
planwith key
performance
indicators and
an accountable
decisionmaking
structure. It
would also have
effective internal
and external
communication
channels
reflecting its CSR
commitment and
implementation
plan.
Management
System /
profit Center:
An organization
that is heavily
invested in the
added value of
CSRwould have
a developed
implementation
planwith clear
CSR
decision-makin
g structure and
accountability.
Howevermay
still be
integratingCSR
measurement
and
performance to
ensure value of
all CSR
activities.
Maturity
1...,54,55,56,57,58,59,60,61,62,63 65,66,67,68,69,70,71,72,73,74,...87
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