CSR Guidelines for the Financial Sector - page 65

CSRGUIDELINES FOR THE FINANCIAL SECTOR
52
Annex E - CSRGovernance Toolkit
To ascertain theCSRGovernance of an organization, the board of directorsmay undertake a gap analysis by going
through the below questionnaire. In considering the questions theymay respond by yes, no, maybe or I don’t know
and identify the gaps through the no or I don’t know answers.
1. VISIONAND STRATEGY
1.1Has the board andmanagement agreed on and communicated an explicit commitment toCSR?
1.2 Is there an agreed on definition of CSR as it relates to the organization, its sector and broader societal trends?
1.3 Is there a unique business case for CSRwithin the organization?
1.4 Is CSR incorporated into the company’smission, vision and values?
1.5 Is the board aware of CSR issues specific to the industry?
1.6Arematerial CSR issues considered in the development of the organization’s business strategy?
1.7AreCSR goals incorporated into the organization’s business plan / strategy?
2. OVERSIGHT ANDACCOUNTABILITY
2.1 Is there a committee(s) with responsibility for CSR (e.g. CSR, audit or governance committee)?
2.2 Is there a designatedCSR officer with a reporting relationship to the board?
Through theCSR Survey undertaken, we inquired about if there is a person responsible for CSR in the financial
institutions either as an individual, department or through related departments such asmarketing, communication
etc. The responses were:
Is thereaperson responsible for CSR in the organization?
2.3Does the organization have a board-approvedCSR policy (either standalone policy or incorporated into other
policies)?
2.4Does the board regularly review progress on the organization’s performance against CSR goals, objectives and
targets?
2.5 Ismanagement's compensation linked to performance onCSR goals and targets?
2.6 Is CSR included as a factor inCEO recruitment?
80%
70%
60%
50%
40%
30%
20%
10%
0%
73%
Yes
27%
No
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