World Journal of Social Sciences

Vol. 5. No. 1. January 2015 Issue. Pp. 1 – 21

Corporate Social Responsibilities and Related Disclosures: A

Study on the Listed Banks in Bangladesh
Mohammad Yunus *, Mohammad Rokibul Kabir **
and Mohammad Afjalur Rahman ***
Nowadays a company is thought to be a social entity. Hence, it has some
responsibilities towards the welfare of the society. Bangladesh Bank as the
central bank of Bangladesh has urged the commercial banks to play role
for the welfare of society. Thus, this study is an endeavor to find the extent
to which the listed banks in Bangladesh accomplish their corporate social
responsibilities (CSR) and to explore the level of disclosure for CSR in the
annual reports. The research has been conducted with secondary data
collected from the annual reports of the sample companies for the year
2012. To measure the CSR activities and relevant disclosures in the
annual reports an un-weighted disclosures index has been prepared based
on extensive literature survey. The findings of the study reveals that the
sample companies’ CSR activities are limited in certain areas as it is found
that the CSR scores of the sample banks vary from 10 to 35 out of total
allocated score of 96 from 6 different sectors. Among the sample banks
Dutch Bangla Bank Limited has been found as the best performer in this
regard with a disclosure score of 35.

Keyword: Corporate Social Responsibilities (CSR), Banks, CSR Disclosures, Disclosure

Index.

1. Introduction
The role of business worldwide and specifically in the developed economies has evolved
over the last few decades from classical „profit maximizing‟ approach to a social
responsibly approach, where businesses are not only responsible to its stockholders but
also to all of its stakeholders in a broader inclusive sense. However, it is regretful that
though internationally it is being practiced widely, Bangladesh is still lagging behind in
corporate social responsibility (CSR) activities (Azim et al. 2011). In fact, CSR is a matter
of self interest for the corporate sector in Bangladesh, (Azim & Islam, 2009). Still, among
the corporate houses banks have shown comparatively better tendencies to accomplish
CSR activities. Bangladesh Bank as the central bank in Bangladesh has taken initiatives
to motivate the banking companies to play role toward the welfare of the society by
ensuring CSR. Keeping this fact in mind, this study is an attempt to explore to what
extent the listed banks in Bangladesh is engaged in CSR activities.

The study is conducted with the objectives of exploring the areas of CSR activities of
banks and to compare the performances of the bank in relation with CSR activities and
related disclosures. Till now researches have been done on CSR practices of different

*Associate Professor, Department of Business Administration, International Islamic University Chittagong.

Email: [email protected]
**Assistant Professor, Department of Business Administration, International Islamic University Chittagong.
Email: [email protected]
***Research Fellow and MBA Student of International Islamic University Chittagong.
Email: [email protected]
 Yunus, Kabir & Rahman
manufacturing companies as well as a few on commercial banks, and very little number
of researches highlighted on Islamic Banks‟ CSR practice in Bangladesh. But no
mentionable comprehensive research has been found incorporating specific areas of
CSR and relevant disclosures in annual reports of the listed banks in Bangladesh.
Hence, this paper will add new knowledge in the area of CSR of commercial banks in
Bangladesh which is expected to help the policy makers to think about the way of
ensuring better responsible activities of corporate bodies, especially the banks, towards
the society which motivated the authors to take such an endeavor to investigate the
present level of CSR of commercial banks and relevant disclosures.

In earlier researches CSR activities of different companies have been revealed in

different forms. For example, Farook (2007) has shown two categories of CSR for
Islamic financial institutions- mandatory & recommended and on the basis of his
prescribed guideline. Samina (2012) explored 100% participations of the sample banks
in mandatory CSR but voluntary CSR varies significantly. This study differs from the
earlier studies in the sense that it categories CSR activities into six major sectors namely
a) Education b) Health c) Environment d) Culture & Heritage e) Social welfare and f)
Sports. It also emphasizes on the CSR related disclosures of the banks in Bangladesh
through a unweighted Disclosure Index. It explored the highest CSR expenditure of the
sample banks in Education sector which is about 26.72% of the total allocation while the
Health sector has got the second priority with 20.49 %.

The remaining parts of the paper are presented as follows: The next section reviews the
relevant literature. Section three describes the objectives of the study. Section four
includes the detail of research methodology employed in this study followed by section
five dealing with results and discussions of the study. The last section includes
limitations of the study, implications of the study and scope of further research and
conclusion of the study.

2. Objectives of the Study

The main objective of this study is to explore the corporate social responsibilities of the
Banks in Bangladesh and to evaluate the performances of the sample banks in this
regard. Specifically this study will consider:

I. To explore the CSR activities of the banks.

II. To compare the CSR performance of the sample banks.

3. Literature Review
Corporate Social Responsibility (CSR) is a concept whereby companies integrate social
and environmental concerns in their business Operations and in their interaction with
their stakeholders on a voluntary basis (Gray et al. 1987). According to (Rana et al.
2012), Social responsibility is a concept well known in the corporate world and beyond
that. Business all over the world have practiced only profit making action sat past but not
for long as the enterprise started to develop complexities and wideness in size and
actions so was their reach getting bigger and bigger .A company‟s sense of responsibility
towards the community and environment (both ecological and social) in which it operates
called corporate social responsibility. Companies express this citizenship (1) through
their waste and pollution reduction processes, (2) by contributing educational and social

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 Yunus, Kabir & Rahman
programs, and (3) by earning adequate returns on the employed resources. In contrast
to this, Christian Aid (2004) defines CSR as “an entirely voluntary, corporate driven
initiative to promote seas a substitute for regulation at either a national or international
level.”

Dusuki & Dar (2005) argued that Corporate Social Responsibilities outline the standard
of behavior to which a firm must subscribe to impact society in a positive and a
productive manner at the same time as abiding by values which exclude profit seeking at
any cost. In a study “Corporate Social Disclosure in Bangladesh: A Study of the
Financial Sector”, Azim et al. (2011) argued that corporate social responsibility is not the
only ethical dilemma that financial institutions face in an atmosphere of corrupt corporate
practice. These institutions are also concerned with commitment for sustainable
development. A well-functioning finance sector in any country can contribute directly to a
healthy economy. This sector plays an important role in a country‟s economic
development. Increasingly, are under pressure, often from activist non-governmental
organizations, to take on specific corporate social responsibility (CSR) obligations. But
the fact that CSR is being demanded, and occasionally conceded, does not ensure
clarity about either its rationale or the ways in which it should be undertaken (Bhagwati,
2010). Obalola (2008) in his study found Nigerian Insurance industry has a strong
support for social responsibility and the translation of this support into action through
involvement in some community based projects. Evidence from the study also suggests
that social responsibility is still largely perceived as a philanthropic gesture. Visser
(2005) argued that CSR in developing countries to represent „the formal and informal
ways in which business makes a contribution to improving the governance, social,
ethical, labor and environmental conditions of the developing countries in which they
operate, while remaining sensitive to prevailing religious, historical and cultural contexts.
Hossain and Haque (2005) found a significant statistical difference in sales revenue and
in employee size between companies having environmental disclosure and companies
not having environmental disclosure prevails in Bangladesh. Victoria and Mahboob
(2009) explored the nature and extent of CSR reporting in the conventional banking
sector in Bangladesh and to assess the need to improve CSR by such firms. Wise &
Mahboob Ali (2010) further extend their work by concentrating to the nature and extent
of corporate social responsibility disclosure in the banking sector in Bangladesh. Samina
(2012) in her study Practice of Corporate Social Responsibility in Islamic Banks of
Bangladesh tried to find the present level of mandatory and voluntary CSR of the full
fledged Islamic banks in Bangladesh. Thus, there is a research gap to find the sector
wise CSR of the listed commercial banks in Bangladesh and the relevant disclosures in
annual reports.

Thus, this study attempts to reveal the extent to which the banks in Bangladesh are
practicing CSR and disclosing relevant information in their annual reports in six different
areas called a) Education b) Health c) Environment d) Culture & Heritage e) Social
welfare and f) Sports.

4. Methodology of the Study

The study is based on secondary data which are collected from annual reports of the
sample banks and related publications and from the websites of Banks. The data consist
of sixteen commercial Banks. An unweighted Disclosure Index has been prepared by
dividing the CSR activities of the banks in six categories named, a) Education b) Health
c) Environment d) Culture & Heritage e) Social welfare and f) Sports. Again, the possible
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 Yunus, Kabir & Rahman
areas of CSR contribution in each category have been identified through extensive
survey of the annual reports of all the listed banks in Bangladesh. Then, the sample
banks have been given score according to their contribution in any specific area of CSR.

4.1 Selection of Sample

The population of the study is 30 listed banks in Bangladesh. From the population the
following sixteen sample banks have been taken randomly.

 Brac Bank Ltd (BBL).

 United Commercial Bank Ltd (UCBL).
 Bank Asia Ltd (BAL).
 Prime Bank Ltd (PBL).
 Mercantile Bank Ltd (MBL).
 Jamuna Bank Ltd (JBL).
 Dutch Bangla Bank Ltd (DBBL).
 Standard Bank Ltd (SBL).
 Mutual Trust Bank Ltd (MTBL).
 Southeast Bank Ltd (SEBL).
 Islami Bank Bangladesh Ltd (IBBL).
 Social Islamic Bank Ltd (SIBL).
 Shahjalal Islamic Bank Ltd (SJIBL).
 First Security Islami Bank Ltd (FSIBL).
 Export Import Bank of Bangladesh Ltd (EXIM).
 Pubali Bank Ltd (PUBL)

4.2 Preparation of CSR Index

We reviewed the annual reports of all the sample banks for the years 2007 to 2012 to
identify the CSR activities. The study has divided CSR activities into six major sectors
namely a) Education b) Health c) Environment d) Culture & Heritage e) Social welfare
and f) Sports. An un-weighted index has been prepared under the above mentioned 6
heads with 96 items. If a bank performs any CSR activity of 96 items it is assigned 1 and
if it does not do so it is assigned 0. Then, the CSR scores have been revealed for each
of the sample banks for the year 2012 from the annual reports of the sample banks.

4.3 Method of Analysis

The scores of each category of the CSR have been tabulated and then graphically
presented to find the sector wise as well as bank wise CSR performances and relevant
disclosures.

5. CSR Activities and Comparative CSR Performances of Banks

5.1 Education

Education is the prerequisite for over all development of any country. Keeping this in
mind, every bank performs some CSR activities in education sector and discloses
relevant information in its annual report. Such activities include scholarship program for
brilliant poor students, donation to educational institution, operating computer learning

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 Yunus, Kabir & Rahman
center etc. Scores of banks according to their CSR activities in education are highlighted
in the following graph.

Figure 1: CSR and related disclosures of the sample banks in education in the
year 2012
CSR in e duca t ion

7
6
6
5
4 4 4
4 Cont ribut ion t o educ at ion
3 3 3 3 3 3
3 sec t or
2 2 2 2 2 2
2
1
0
DBBL

Pubali BL
BBL

I BL
UCBL

SI BL

FSI BL
EXI M BL
MBL
BAL
PBL

JBL

SBL

Shahj ala
MTBL

Southeast

Source: Annual Report

From the diagram we see that DBBL performed higher CSR activities and disclosed
relevant information in the annual report than other banks in the year 2012 with a score
of 6 out of 11. BBL, UCBL and EXIM bank are in the second position scoring 4. The least
CSR activities in education score is 2.

5.2 Health

Health is one of the prime parameter to achieve the development goal. Health needs are
increasing day by day due to rapid growth of population. For that reason every bank
performs some CSR activities in health sector. There are included free eye camps,
donation for treatment to the individual, donation to hospital etc. Scores of banks
according to their CSR activities in health are highlighted in the following graph.

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 Yunus, Kabir & Rahman
Figure 2: CSR and related disclosures of the sample banks in health in the year
2012

CSR in He a lth

10 9
9
8 7 7
7
6 5 Cont ribut on t o healt h
5 4 4 4
sec t or
4 3 3 3
3 2 2 2 2
2 1 1
1
0
DBBL

Pubali BL
BBL

I BL
UCBL

SI BL

FSI BL
EXI M BL
MBL
BAL
PBL

JBL

SBL

Shahj ala
MTBL

Sout heast

Source: Annual Report

From the diagram we see that DBBL has the highest score of 9 out of 18 in the year
2012 in health sector. Prime bank and Jamuna bank are in second position with a score
of 7 while Mercantile bank scored 5 and placed in third position among the sixteen
banks.

5.3 Environment

Environment pollution has become a large problem in our country. For that reason few
banks have come forward to protect the environment and they have performed some
CSR activities in the environment sector. Such activities included finance to CNG
conversion and CNG filling station, not to finance any tobacco related business, provide
finance for innovative green products etc.

Figure 3: CSR in environment in the year 2012

CSR in Envir onm e nt

4.5 4
4
3.5 3 3 3
3
2.5 2 2 2 Cont r ibut ion t o t he
2 envir onm ent sect or
1.5 1
1
0.5 0 0 0 0 0 0 0 0
0
L
IM L

ba L
FS L
BL
L

al L
D L

L
L

M L
L
U L

AL

e a BL

ha S L

B
EX I B

Pu I B
IB
B
PB

hj IB
JB
B

BB

TB
B

B
M
C
B

th S

li
a
st
ou

S
S

Source: Annual Report

6
 Yunus, Kabir & Rahman
The diagram above shows the CSR activities of sixteen banks in environmental issues.
Here DBBL has a good position; they have highest participation in this sector in the year
2012. BAL, JBL and MBL have performed well where most of the banks have not
performed any CSR activities in this sector. Only eight banks have performed out of
sixteen banks.

5.4 Culture and Heritage

To uphold our culture and heritage some banks have taken initiatives and performed a
few CSR activities though most of the banks have not performed at all in this area. Such
activities include donation to Muktijuddah Jadughar, donation to cultural institution,
donation to Ekushey book fair etc.

Figure 4: CSR in culture and heritage in the year 2012

CSR in Cult ur e & he r it a ge

6
5
5
4 4
4
Cont ribut in t o c ult ure &
3
2 2 herit age sec t or
2
1
1
0 0 0 0 0 0 0 0 0 0
0
L

M L
U L

IM L

L
L

FS L
L

ba L
L
L

L
L

al L
L

EX I B
B

B
B

Pu I B

B
B

B
PB

IB
A

B
JB

h j SI B
TB

B
C

B
B

M
B

th S

li
D

st

al
ea

ha
ou

S
S

Source: Annual Report

The diagram shows the CSR activities of sixteen banks in culture and heritage. Among
the banks MBL has a good contribution as they have disclosed their participations in this
area in the year 2013 which is the highest. UCBL and BBL are in the second position in
term CSR in culture and heritage whereas DBBL is in the fourth position. Most of the
banks have not performed any CSR activities in this area.

5.5 Social Welfare

As a third world country Bangladesh has a lot of problems. Government often find
themselves as helpless when it comes to solve such problems. Banks as social entities
of this country are considered as a part of the affluent section of the society and hence
they are expected to contribute more meaningfully towards the betterment of the society.
If all banks come forward to contribute to the society, it will help to create their social
branding as well as helping the society. Banks are seen to perform more CSR activities
in this area.

The following diagram presents CSR activities of sixteen banks in the area of social
welfare in the year 2012.In the sector every bank has participation. DBBL is
comparatively ahead than others. UCBL is in the second position. MBL and JBL also
performed well.

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 Yunus, Kabir & Rahman
Figure 5: CSR in Social Welfare in the year 2012

CSR in Socia l w e lfa re

14 13
12
10 9
8 8
8 7 Cont ribut ion t o social
6 5 w elfare sect or
4 4 4 4 4 4
4 3 3 3 3
2
0
DBBL

Pubali BL
BBL
UCBL

I BL
SI BL

FSI BL
EXI M BL
Shahj alal
MBL
BAL
PBL

JBL

SBL
MTBL

Sout heast

Source: Annual Report

5.6 Sports

Financial support is mandatory for improving the performances of sports of the country
and to perform better at international level .Keeping this in mind, Government of
Bangladesh has taken initiatives to attach each bank with a particular event of sports.
So, financial institutions have to play a role to encourage and support the sports.
Performances of the sample banks in this regard follow:

Figure 6: CSR in sports in the year 2012

CSR in Spor t s

3. 5
3 3 3
3
2. 5
2 2 2 2 2
2 Cont ribut ion t o sport s
1. 5 sec t or
1 1
1
0. 5
0 0 0 0 0 0
0
DBBL

Pubali BL
BBL

I BL
UCBL

SI BL

FSI BL
EXI M BL
Shahj alal
MBL
BAL
PBL

JBL

SBL
MTBL

Southeast

Source: Annual Report

The diagram shows the CSR activities of different banks in the sports sector. In the
sector UCBL, BAL and PBL have highest participation in the year 2012. MBL, JBL and
DBBL are in the second position. Many of the banks have not performed any CSR in this
sector.

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 Yunus, Kabir & Rahman
5.7 Ranking of the Banks on the Basis of total CSR and Relevant Disclosure

The sample banks have been ranked on the basis of their total CSR activities in
education, health, environment, culture & heritage, social welfare and sports as follows:

Table 1: Ranking of the Banks

Name of Banks CSR Score CSR Score Rank
Achieved
Brac Bank Ltd. 96 20 6
United Commercial Bank Ltd. 96 23 4
Bank Asia Ltd. 96 18 7
Prime Bank Ltd 96 22 5
Mercantile Bank Ltd. 96 26 2
Jamuna Bank Ltd. 96 25 3
Dutch Bangla Bank Ltd. 96 35 1
Mutual Trust Bank Ltd 96 8 11
Standard Bank Ltd. 96 9 10
Southeast Bank Ltd. 96 9 10
Social Islami Bank Ltd. 96 10 9
Shahjalal Islami Bank Ltd. 96 7 12
Exim Bank Ltd. 96 10 9
First Security Islami Bank Ltd. 96 8 11
Islami Bank Ltd. 96 11 8
Pubali Bank Ltd. 96 11 8

Source: Developed by Authors

The study in table 1 shows the total CSR activities of sixteen sample banks. Among the
sixteen banks DBBL is clearly ahead than others with a disclosure score of 35 out of 96.
Mercantile bank is in the second position with a score of 26 while Jamuna bank scored
25 to secure the third position. Shahjalal Islami Bank is in the last position by performing
and disclosing only 7 items out of total 96 CSR items considered in this study to
formulate CSR index. Most of the other banks failed to perform and disclose CSR
activities to a satisfactory level.

6. Results and Discussions

From the study it is clear that participation of different banks in different areas of CSR
activities is limited. An unweighted index has been prepared where there are 96 items
under the 6 heads of CSR. Most of the banks‟ participations in CSR are limited to 10 to
35. Thus the highest disclosure is 36.46% while the lowest is 10.41%. Dutch Bangla
Bank Limited (DBBL) has the highest participation (Scored 35 out of 96) in CSR
activities, where Mercantile Bank Limited (MBL) disclosed a total of 26 and placed in the
second position whereas Jamuna Bank Limited (JBL) secured the third position with a
disclosure score of 25. Other banks‟ participations are lower to them. Hence, banks‟
CSR performances and related disclosures are far lower than expected. Out of the total
6 heads of CSR, DBBL has been found to score the highest in second areas called
Education, Health, Environment and Social welfare. Mercantile Bank Limited has the
highest contributions and disclosure scores in cultural and heritage retention. Bank Asia
Limited and Prime Bank Limited jointly top the table of CSR in Sports.

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 Yunus, Kabir & Rahman
Most of the banks have shown better contribution in education and health sector as the
part of their social responsibilities as it is seen that the percentage of highest average
score achieved to the score allocated is 26.72% found in Education sector and 20.49 %
in health sector.

Sample banks have the least contribution in Environmental and Culture & Heritage
related CSR as it found from the study that the percentage of lowest average score
achieved to the score allocated is 8.93% found in Environment protection and 9.42% in
Culture & Heritage retention. It is matter of pride that the banks are very concern to
contribute to meet the emergency situations specially like cyclones (Aila) and flood
affected areas, warm cloth distribution etc. Every bank contributed to our prime minister
Relief fund especially for flood affected people, BDR mutiny and fire affected people of
garments.

The study revealed that the banking sector in Bangladesh has been playing vital role for
the welfare of the society. As it is seen from this paper that the sample banks have given
most priority to contribute in the education sector of Bangladesh understanding the
importance of it for the building of a good nation at the same time their contribution for
the protection of environment is phenomenal. This study has a distinguishing feature
from earlier study as it opens a new avenue to understand the areas in which CSR
activities of the banks in Bangladesh are poor though special attention is required.

7. Summary and Conclusion

Nowadays a Company is no more the sole property of its stockholders; rather it is the
property of the society. As such banks should increase their participation in different
areas to express the society that they are really responsible to them. The study revealed
that the overall CSR activities of the sample banks are very poor and most importantly
contributions in the area of clean water management, forestation, waste management,
and old person‟s homes, accommodation for the slum dwellers, women‟s rights and anti-
dowry practices, birth control products etc. are totally absent though they have shown
better concentration in education and health related CSR. As the above mentioned
areas in which banks have no contribution play significant role in the socio economic
development of the country, they must spend more in such areas. The contributions of
the banks towards the retention of our culture and heritage, to save environment and to
encourage sports are not up to the mark. Hence, banks should increase their
contribution in those areas. To motivate the banks to contribute to society government
provides tax rebate facility in limited areas which might be extended further to motivate
the banks to contribute to the neglected areas. Again, banks are mainly dependent on
the customers for collecting fund. So the customers should be more conscious about the
CSR of banks and they should prefer those banks which have higher contributions to
CSR. It is also to be mentioned that the CSR disclosures is not mandatory in
Bangladesh. As it is voluntary in nature, there is no specific guideline to disclose such
activities in the annual report. Thus, Bangladesh Security and Exchange Commission
(BSEC) should provide a guideline to be followed to disclose CSR related activities at
least for the listed companies in Bangladesh. Since, CSR is very important further study
should be conducted for motivating companies to contribute in this area.

Though utmost efforts have been given to reveal the sector wise CSR activities of the
listed banks in Bangladesh, exclusion of factors like how much the banks contribute in a
specific area of CSR out of the total fund in that sector and the output derived from their
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contribution constrained the expected results of the study. In this regard, there is wide
scope for future research to find the effect of CSR activities in the socio economic
development of Bangladesh as well as survey can be conducted to explore the impact of
such activities of banks on their clients in choosing the banks with good CSR
performances.

References
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Azim, MI, Ahmed, S, & Islam, MS 2009, ‘Corporate Social Reporting Practice: Evidence
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no. 2, pp. 130 –145
Azim, MI, Ahmed, E, & D'Netto, B 2011, „Corporate Social Disclosure in Bangladesh: A
Study of the Financial Sector‟, International Review of Business Research Papers,
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Bhagwati, J 2010, „Whose Corporate Social Responsibility‟, Economics Time, October
29, 2010
Dusuki, AW, & Humayon D, 2005, „Stakeholders‟ Perception of Corporate Social
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Farook, S 2007, „On Corporate Social Responsibility of Islamic Financial
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Gray, RH, Owen, D & Maunders, K 1987, „Corporate Social Reporting: Accounting and
Accountability‟, Prentice-Hall International, London
Victoria,W & Mahboob, AM, 2009, „Corporate Governance and Corporate Social
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Obalola, M 2008, „Beyond philanthropy: corporate social responsibility in the Nigerian
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Samina , QS 2012, „Practice of Corporate Social Responsibility in Islamic Banks of
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The Journal of Corporate Citizenship, vol. Summer 2005, no.18, pp. 29-38

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Appendices
Appendix 1 Index of CSR
Items Yes No
1. Education:
i. Scholarship among the brilliant student of SSC & HSC
Exam
ii. Scholarship program for brilliant students
iii. Donation to educational institutions
iv. Establishment of educational institution
v. Establishment of library
vi. Operating computer learning center
vii. Encourage science oriented education
viii. Scholarship to meritorious female students
ix. Journalist scholarship
x. Scholarship program for underprivileged but
meritorious students
xi. Sponsoring the Ganit Utsab
Sub total
2. Health:
i. Ophthalmological program
ii. Free eye camp
iii. Donation for treatment to the individual
iv. Donation to hospital
v. Blood donation program
vi. Autism
vii. Kidney foundation
viii. Free treatment to disabled and paralyzed patient
ix. Hicare
x. Health support to garments workers
xi. Setting up trauma centers
xii. Finance for establishing countrywide health center
xiii. Provide telehealth and electronic health service
xiv. Donation for ambulance
xv. Donation to Liver foundation
xvi. Medicare service for the rural people
xvii. V.V.F. operation
xviii. Donation to heart foundation
Total
3. Environment:
i. Finance to CNG conversion and CNG filling station
ii. Solarizing SME offices
iii. Biogas plant
iv. Do not finance any tobacco related business
v. Seed crushing projects
vi. Donation to BAPA & BPN
vii. Beautification of Dhaka City
viii. Support people living in coastal and „char‟ area
ix. Finance to geo textile manufacturing project
x. Aware the employee use of water, electricity, paper

12
 Yunus, Kabir & Rahman
etc
xi. Preference to eco friendly reuse equipments
xii. Provide innovative green products
xiii. Solarizing a village
xiv. Tree plantation program

Total
4. Culture and heritage:
i. Donation to Muktijuddha jadughar
ii. Donation to Book fair
iii. Bengali spelling competition
iv. Birth anniversary of Tagore
v. Donation to cultural institution
vi. Donation to theater
vii. Donation to Wrishiz Shilpi Goshti
viii. Assist research activities on Bengali literature
ix. Support the writer and publisher
x. Financial endowment to literature patron
xi. Financial endowment to poor artist
xii. Arranging art competition
Total
5. Social welfare:
i. Support to acid victim
ii. To stand beside the freedom fighter
iii. To unlock potentials of disadvantaged girls
iv. To stand beside helpless family
v. Warm cloth distribution
vi. Helping people in slum areas
vii. Support to victim families of divesting fire
viii. Standing beside BDR victims
ix. Awarded to eminent personalities
x. Financial assistance to the affected families at
Mirsharai
xi. Donation to Bangladesh human rights commission
xii. Donation to Travel show for channel 1
xiii. Donation for SME fair
xiv. Donation for Remittance fair
xv. Donation for Bangladesh Apparel & textile exposition
xvi. Donation for South Asian Young Enterprise
convention
xvii. Donation to Bangladesh retired govt. welfare
association
xviii. Undertake mass awareness raising program
xix. Setting up vocational training center
xx. Construction Shahbag foot over bridge
xxi. Improvement of porter and luggage handling service
xxii. Support the unemployed young to make self sufficient
xxiii. Assist the rootless and distressed
xxiv. Support the poor for arranging daughter‟s marriage
xxv. Support the various professional bodies
xxvi. Established old home

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 Yunus, Kabir & Rahman
xxvii. Online inter city bus ticketing service
xxviii. Contribution in developing communication and road
safety
xxix. Donation for IRRI
xxx. Support to make UISC

Total
6. Sports:
i. Contribution to south Asian games
ii. Contribution for giving prize to the players
iii. Contribution to Golf Tournament
iv. Support to Cricket Team
v. Donation to Hocky Tournament
vi. Donation to Football Team
vii. Contribution to Tennis
viii. Contribution to Bangladesh Martial Arts Association
ix. Contribution to Soccer Club
x. Donation to Bangladesh Olympic Association
xi. Contribution to Boat Rowing
Total

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 Yunus, Kabir & Rahman

Appendix 2: CSR in Education

Name of Banks CSR CSR Ranking Average of Percentage
Score Score All Banks‟ of Average
Allocated Achieved Score to Total
(CSA) (CSA) Achieved Allocated
Score
Brac Bank Ltd. 11 4 2
United 11 4 2
Commercial Bank
Ltd.
Bank Asia Ltd. 11 3 3
Prime Bank Ltd 11 3 3 2.94 26.72%
Mercantile Bank 11 3 3
Ltd.
Jamuna Bank 11 3 3
Ltd.
Dutch Bangla 11 6 1
Bank Ltd.
Mutual Trust 11 2 4
Bank Ltd
Standard Bank 11 2 4
Ltd.
Southeast Bank 11 2 4
Ltd.
Social Islami 11 2 4
Bank Ltd.
Shahjalal Islami 11 2 4
Bank Ltd.
Exim Bank Ltd. 11 4 2
First Security 11 2 4
Islami Bank Ltd.
Islami Bank Ltd. 11 3 3
Pubali Bank Ltd. 11 2 4

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 Yunus, Kabir & Rahman

Appendix 3 CSR in Health

Name of Banks CSR CSR Ranking Average of Percentage
Score Score All Banks‟ of Average
Allocated Achieved Score to Total
(CSA) (CSA) Achieved Allocated
Score
Brac Bank Ltd. 18 4 4
United 18 1 7
Commercial Bank
Ltd.
Bank Asia Ltd. 18 4 4
Prime Bank Ltd 18 7 2 3.69 20.49%
Mercantile Bank 18 5 3
Ltd.
Jamuna Bank 18 7 2
Ltd.
Dutch Bangla 18 9 1
Bank Ltd.
Mutual Trust 18 2 6
Bank Ltd
Standard Bank 18 3 5
Ltd.
Southeast Bank 18 2 6
Ltd.
Social Islami 18 4 4
Bank Ltd.
Shahjalal Islami 18 1 7
Bank Ltd.
Exim Bank Ltd. 18 2 6
First Security 18 2 6
Islami Bank Ltd.
Islami Bank Ltd. 18 3 5
Pubali Bank Ltd. 18 3 5

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 Yunus, Kabir & Rahman

Appendix 4: CSR in Environment

Name of Banks CSR CSR Ranking Average of Percentage
Score Score All Banks‟ of Average
Allocated Achieved Score to Total
(CSA) (CSA) Achieved Allocated
Score
Brac Bank Ltd. 18 4 4
United 18 1 7
Commercial Bank
Ltd.
Bank Asia Ltd. 18 4 4
Prime Bank Ltd 18 7 2 3.69 20.49%
Mercantile Bank 18 5 3
Ltd.
Jamuna Bank Ltd. 18 7 2
Dutch Bangla 18 9 1
Bank Ltd.
Mutual Trust 18 2 6
Bank Ltd
Standard Bank 18 3 5
Ltd.
Southeast Bank 18 2 6
Ltd.
Social Islami 18 4 4
Bank Ltd.
Shahjalal Islami 18 1 7
Bank Ltd.
Exim Bank Ltd. 18 2 6
First Security 18 2 6
Islami Bank Ltd.
Islami Bank Ltd. 18 3 5
Pubali Bank Ltd. 18 3 5

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 Yunus, Kabir & Rahman

Appendix 5: CSR in Culture and Heritage

Name of Banks CSR CSR Ranking Average of Percentage
Score Score All Banks‟ of Average
Allocated Achieved Score to Total
(CSA) (CSA) Achieved Allocated
Score
Brac Bank Ltd. 12 4 2
United 12 4 2
Commercial Bank
Ltd.
Bank Asia Ltd. 12 2 3
Prime Bank Ltd 12 0 - 1.13 9.42%
Mercantile Bank 12 5 1
Ltd.
Jamuna Bank 12 2 3
Ltd.
Dutch Bangla 12 1 4
Bank Ltd.
Mutual Trust 12 0 -
Bank Ltd
Standard Bank 12 0 -
Ltd.
Southeast Bank 12 0 -
Ltd.
Social Islami 12 0 -
Bank Ltd.
Shahjalal Islami 12 0 -
Bank Ltd.
Exim Bank Ltd. 12 0 -
First Security 12 0 -
Islami Bank Ltd.
Islami Bank Ltd. 12 0 -
Pubali Bank Ltd. 12 0 -

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 Yunus, Kabir & Rahman

Appendix 6: CSR in Social Welfare

Name of Banks CSR CSR Ranking Average of Percentage
Score Score All Banks‟ of Average
Allocated Achieved Score to Total
(CSA) (CSA) Achieved Allocated
Score
Brac Bank Ltd. 30 5 5
United 30 9 2
Commercial Bank
Ltd.
Bank Asia Ltd. 30 3 7
Prime Bank Ltd 30 7 4 5.38 17.93%
Mercantile Bank 30 8 3
Ltd.
Jamuna Bank 30 8 3
Ltd.
Dutch Bangla 30 13 1
Bank Ltd.
Mutual Trust 30 4 6
Bank Ltd
Standard Bank 30 4 6
Ltd.
Southeast Bank 30 4 6
Ltd.
Social Islami 30 4 6
Bank Ltd.
Shahjalal Islami 30 4 6
Bank Ltd.
Exim Bank Ltd. 30 3 7
First Security 30 3 7
Islami Bank Ltd.
Islami Bank Ltd. 30 3 7
Pubali Bank Ltd. 30 4 6

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 Yunus, Kabir & Rahman
Appendix 7: CSR in Sports
Name of Banks CSR CSR Ranking Average of Percenta
Score Score All Banks‟ ge of
Allocated Achieved Score Average
(CSA) (CSA) Achieved to Total
Allocated
Score
Brac Bank Ltd. 11 1 3
United 11 3 1
Commercial Bank
Ltd.
Bank Asia Ltd. 11 3 1
Prime Bank Ltd 11 3 1 1.32 12%
Mercantile Bank 11 2 2
Ltd.
Jamuna Bank 11 2 2
Ltd.
Dutch Bangla 11 2 2
Bank Ltd.
Mutual Trust 11 0 -
Bank Ltd
Standard Bank 11 0 -
Ltd.
Southeast Bank 11 0 -
Ltd.
Social Islami 11 0 -
Bank Ltd.
Shahjalal Islami 11 0 -
Bank Ltd.
Exim Bank Ltd. 11 0 -
First Security 11 1 3
Islami Bank Ltd.
Islami Bank Ltd. 11 2 2
Pubali Bank Ltd. 11 2 2

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 Yunus, Kabir & Rahman

Appendix 8: Total CSR of different banks in the year 2012

T ota l CSR of ba nks

40 35
35
30 26 25
25 23 22
20 Tot al c ont ribut ion of
18
20
Banks
15 11 11
8 9 9 10 10
8
10 7
5
0
DBBL

Pubali BL
BBL
UCBL

I BL
SI BL

FSI BL
EXI M BL
MBL
BAL
PBL

JBL

SBL

Shahj ala
MTBL

Sout heast

21