Corporate Social Responsibility in the Garment Industry. How Effective is the Practice in Bangladesh?

Seminar paper from the year 2019 in the subject Business economics - Business Management, Corporate Governance, Limkokwing University of Creative Technology, course: Human Ressources and Management, language: English, abstract: The problem of this study aims to reflect on the difficulties faced by workers for garment factories which do not follow Corporate Social Responsibility (CSR) thus there is a great deal of lives lost. Every year about 150 innocents have died due to unjust practice. On April 2013 at least 1,136 people were murdered and hundreds injured when an eight-storey building housing five garment factories collapsed on the skirts of Dhaka. This paper will examine and explore weather CSR practices are practiced by the multinational garment factories in Bangladesh. Which will provide a better understanding of the present social responsibility situation in garment factories in Bangladesh. What are the roles of CSR in garment industry? How effective is the regulation and practice of CSR in Bangladesh? How can the present CSR situation in garment industry be improved? Will ethical and legal responsibilities help in the improvement of Ready-Made Garments role of CSR? Why is CSR in the garment industry of Bangladesh still missing? Does CSR have a positive impact on the stakeholders? How important is CSR to the workers and image of the garment industry? The factory collapse in April 2013 which happened in Dhaka caused a lot of discussion. It was disgusting and out of contrast as this happened because of bad safety regulations. Such an event opened doors to other circumstances such as abuse and violation of rights. This shocking tragedy led to mass media slaughter of big brands who come to Bangladesh for making money and giving very less to social, economic and other factors which must be reformed. Thus the firms which were in the wake of getting stripped of being responsible came forth to develop reputation as to be responsible. However, the question was how w