Briefly describe three (3) ways how CSR is being applied in corporate bodies in Mauritius.

Expert Solution

The term CSR (Customer Social Responsibility) refers to the contributions of the corporate business organisations towards all social, economical and environmental developements, while improving the quality of life for their work-force's family, community and society as a whole.

The phenomena of Globalisation has also revolutionised the manner in which corporates worked. This eradicated the trade barriers and allowed free flow of capital and resources among the nations.

This lead to the introduction of FDI (Foreign Direct Investment) in Mauritius' economy. This opened the gates for MNe's, (Multinational Enterprises) in the economy. Along with their entry they also had to pursue the CSR goals of the Mauratian economy, and attain credibility in different sectors through legitimate means.

The government of Mauritius has made it compulsory for all the corporates to put their 2% of profit share in the CSR practices. As Mauritius is a developing nations it needs more ethical participation of corporates for CSR.

As Mauritius shares a larger part of its business from tourism and hospitality industry, its the responsibility of the particular sector to adopt a social and environmental supported behaviour.

Rahul Sunny answered 1 year ago

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