Companies should spend their funds meant for corporate
social responsibility projects in a transparent manner so that others know how
the money is being used, Prime Minister's Foreign Affairs Adviser Gowher Rizvi
said yesterday.
In many cases in the
past, companies used to take up CSR projects mainly for publicity, he said.
“But that practice has changed. The nature of CSR and philanthropy is changing
and evolving," he said at the launch of a report on CSR in Bangladesh at
the Westin hotel in Dhaka.
The report, published
by CSR Centre, introduces various CSR concepts and highlights the contributions
that CSR spending makes.
Farooq Sobhan,
chairman of the board of trustees of CSR Centre, said the concept of CSR is now
firmly established in Bangladesh. Good governance, CSR and the image of
Bangladesh are interlinked, he added.
CSR is an important
tool for sustainable development and growth, said Jacob Haugaard, deputy head
of mission at the Danish embassy in Dhaka.
Mikail Shipar,
secretary to the labour and employment ministry, said CSR should be aligned
with national development activities. It has become a determining factor for
market access, he added. Sophie Aubert, French ambassador in Dhaka, also spoke.
-Star Business Report
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