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Misje wybranych bankow z perspektywy koncepcji CSR / Missions of Selected Bank from the Perspective of CSR Concept of Socially Responsible Businesses Based on the RESPECT Index

Author

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  • Marika Swieszczak

    (University of Lodz , Poland)

  • Krzysztof Swieszczak

    (University of Lodz, Poland)

Abstract

The way of functioning of commercial banks remained unchanged over the years – from the institutions involved in the distribution of financial products and services turned into organizations aspiring to the title of socially responsible entities. This means that its activities include the interests of many groups, such as customers, employees, shareholders, local communities and contractors. The result is those banks that want to be recognized as socially responsible, take numerous initiatives in areas not related to the sale, such as protection of the environment, voluntary or society. The directions of banks’ activity are determined by the key values, formulated in the mission, which defines the core of the organization and lets them stand out from the competitors. Institutions socially responsible also in this area should take into account the concept of CSR by pointing to various interest groups and taking various forms of activity. The aim of the publication is to analyse the content of the missions of selected commercial banks from the perspective of the various levels of responsibility and groups of interest. The article hypothesized that not all of the analysed commercial banks include in their missions the idea of corporate social responsibility, and those that do are limited to specific areas of action and specific stakeholder groups. The analysis was conducted on the basis of the contents available on the websites of the 10 largest financial institutions in Poland in terms of assets.

Suggested Citation

  • Marika Swieszczak & Krzysztof Swieszczak, 2016. "Misje wybranych bankow z perspektywy koncepcji CSR / Missions of Selected Bank from the Perspective of CSR Concept of Socially Responsible Businesses Based on the RESPECT Index," Annales. Ethics in Economic Life, University of Lodz, Faculty of Economics and Sociology, vol. 19(3), pages 143-153, September.
  • Handle: RePEc:ann:journl:v:19:y:2016:i:3:p:143-153
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    References listed on IDEAS

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    1. Ricart, Joan E. & Rodríguez, Miguel A. & Sanchez, Pablo, 2002. "Sustainable development and sustainability of competitive advantage: A dynamic and sustainable view of the firm," IESE Research Papers D/462, IESE Business School.
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    More about this item

    Keywords

    corporate social responsibility; mission; banking Exchange;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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