1.5.3. Environmental Responsibility
Environmental responsibilities should be integrated in banks
protection program which is like the establishment of a system to optimize
allocation of resources in accordance with the state's environmental policies
and the international treaties global practices. The company should formulate
plans for conserving resources and environmental protection, set up a special
division to manage environmental policy, train employees regarding
environmental protection and actively participate in public
environmental campaigns. It also aims to help and protect the planet by
building a global approach, encouraging the funding of environmentally
responsible consumption through «green» product and services usages:
which are those less damaging to human health and environment than competing
products or services that serve the same purpose.
1.6. Impacts of CSR strategy on banking
1.6.1. Economic effects
Corporate social responsibility (CSR) is increasingly a core
component of corporate strategy in the global economy. In recent years its
importance has become even greater, primarily because of the financial
scandals, investors' losses, and reputational damage to listed companies.
Thanks to its strategy, companies, investors, consumers... can
attain a variety of gains and benefits:
· Maximizing the efficiency and productivity of company's
resources.
· Ensuring good corporate governance.
· Enhancing product responsibility.
· Developing the infrastructure.
· Reputation enhancement
· Ability to charge a premium price for company's
output.
· Recruiting and retaining high skills workers.
· Bridging the trust gap between government, stakeholders,
employees, investors and suppliers.
· Enhancing growth of investors' confidence in the company
shares.
1.6.2. Social effects
CSR is defined socially as, legal, ethical and charitable
responsibility that institutions assume in their dealing with shareholders,
employees, consumers, business partners, government and the wider community.
The following are some of the variety of benefits CSR affords to the
community:
· To actively protect the public interest of consumers,
employees and the community
· To advocate charitable responsibility
· To actively participate in public welfare
activities,
· To cultivate social harmony and promote social
development.
· To protect safety and quality
· To ensure more understanding and good relationships
between organizations and society.
· To minimize unethical practices.
· To improve employment conditions
· Charitable contribution
· Employee volunteer programs.
· Corporate involvement in community education.
· Corporate involvement in community education and
homelessness program.
· Product safety and quality.
· To reduce poverty
· To provide health care To ensure workers' rights
1.6.3. Environmental effects
Most environmental CSR activities involve changes to a firm's
production process.
Its main goals are to support State industrial policies and
environmental protection policies and the following are the main benefits of
this strategy:
> To conserve energy,
> To protect and improve the natural ecological environment
and support sustainable development of the society.
> To integrate environmental management tools into business
plans.
> To recycle materials to protect environment from litters
and thrown garbage. > To use resources.
> Greater material recyclability.
> Better product durability and functionality.
> Greater use of renewable resources.
> Integration of environment management tools into business
plans.
1.7 Banking and financial system in Tunisia
As it is the case in every government, financial and banking
sector is controlled by a set of laws and regulations. In Tunisia, all the
banks are supervised by the Central Bank which, in its turn organizes all
operations between Tunisian banks either public or private. These banks, though
they differ in type or structure, must respect the financial laws which govern
and control the banking sector. As an example, they have to guarantee the bank
secrecy, protect the system of payment on line (with the assistance of the
Electronic National Agency of Certification ANCE, and respect strict
application of international ratios and standards....
The Banking sector has to follow and respect all international
norms regulating all financial and banking operations including labor laws and
rights:
+ Minimum wage of a worker: about 180 € (all charges
included)
+ Possibility of recruiting young apprentices (from 25 € /
month)
+ Encouraging recruitment of young graduates through incentives
and exemptions
+ Engineers, technicians, skilled workers available in the
market
+ Staff mostly among trilingual: Arabic / English / French /
Italian / German
+ Sectoral vocational training centers available throughout
Tunisia.
+ No union in the company below 40 permanent workers
+ Possibility of recruiting full-time or part-time, fixed term
or indefinite
+ Possibility of outsourcing the workforce with specialized
firms
Labor Code clearly specifies the rights and obligations of the
employer and employee.
Banks are divided into departments to facilitate serving
their clients on the one hand and to well manage its budget on the other hand.
Human Resource Management as a department has to follow some laws and protocols
like: the preparation of pay slips, the annual return of withholding, the
preparation of employment contracts etc.
1.8 Banking supervision
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