Importance of Corporate Social Responsibility (CSR) for investment banks;

A Case Study of HSBC & Barclays

by

Acknowledgement

I would like to take this chance for thanking my research facilitator, friends and family for support they provided & their belief in me as well as guidance they provided without that I would have never been able to do this research.

DECLARATION

I, (Your name), would like to declare that all contents included in this dissertation stand for my individual work without any aid, and this dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially that are associated with university.

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Abstract

In this research, we try to explore the notion of Corporate Social Responsibility (CSR) in a holistic context. The research analyzes many aspects of Corporate Social Responsibility and tries to gauge its effect on different corporate enterprises across the United Kingdom.

Finally, the research describes various factors, which are responsible for the triumph of CSR, and tries to describe the overall effect of the said phenomenon on investment banks in the United Kingdom. For having an in-depth assessment of the phenomenon of corporate social responsibility and its practical implications in U.K., case studies of two investment banks, i.e. HSBC and Barclays are considered.

Table of Contents

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 1: INTRODUCTION1

Background of the study1

Rationale1

Aims and Objectives2

Significance of the Study2

CHAPTER 2: LITERATURE REVIEW3

Development of corporate social responsibility4

UK Government on CSR5

CSR Theories and Models6

Stakeholder Theory6

Sustainability7

Carroll's Four Part Model8

Effects on Society9

Limitations of corporate social responsibilities9

CHAPTER 3: METHODOLOGY11

Data Selection12

HSBC & Barclays on CSR13

Sources of Data14

Limitations14

CHAPTER 4: RESULTS: AND DISCUSSION17

Theories of CSR17

CHAPTER 5: CONCLUSION21

Employee Engagement21

Customer engagement22

Branches23

REFERENCES25

Chapter 1: Introduction

Background of the study

Corporate social responsibility (CSR) has benefitted enormous recognition in the contemporary scenario. Nevertheless, arguments regarding CSR appear to have displaced from the premise that corporations have other obligations aside from the maximization of profits to the notion that corporations are able to abide by obligations that are more liberal. A way of meeting the terms that is progressively being expended is by deliberate initiatives. Modernistic CSR is largely linked with voluntary non-binding patterns that businesses hold fast to in an effort to be socially accountable.

There is greater cognizance of the demand for corporations to be accountable equally with their altering ability. This consciousness is being elicited by corporations themselves; international civil society, which has greater public examination and exercises force on corporations to behave dependably; and the literal and possible menace of international legal action considering foreign direct liability. It is heading to worldwide alterations, driving more liberal corporate social responsibilities, and the growth of CSR worldwide criteria in the fields of environment, human rights and anti-corruption.

Rationale

CSR denotes to the perception that businesses have more liberal social concerns to regard not just the financial concerns of the establishment but also in order to meet social responsibilities. Advocates have indicated that a more socially accountable establishment will bring forth heightened business execution, together with greater client-based brand even-handedness. Nevertheless, this universal estimate has been disputed and indeed it ...