AJMAN, 14th August, 2022 (WAM) — The Ajman Centre for Social Responsibility (Ajman CSR), an initiative launched by the Ajman Chamber of Commerce and Industry, has organised a workshop entitled the “Importance of Social Responsibility in Generating Corporate Profits”, as part of the Social Responsibility Culture initiative.
The initiative aims to organise a series of specialised educational workshops for the private sector, with a view to raising awareness of concepts and applications of the social responsibility and principles of the sustainability and encouraging business owners to launch sustainable social initiatives and adopt best social practices that support the sustainability and growth of business.
The workshop was attended by Nasser Al Dhafri, CEO of the Ajman CSR, and presented by Kholoud Hendia, a sustainability and social responsibility advisor, in the presence of officials and representatives of the companies and factories.
At the beginning of the workshop, Nasser Al Dhafri welcomed the attendees and stressed the importance of the workshop and its role in exchanging experiences and highlighting the best practices and methodologies used in the field of social responsibility and their impact on the levels of trust between establishments and society members, contributing to the growth and sustainability of the business of private sector enterprises.
The workshop introduced the definitions of social responsibility and the dimensions (economic, legal, humanitarian, and moral dimension) of positive social initiatives on the reputation of the establishments and its reflection on increasing profits and the continuity and sustainability of business and its growth.
It also addressed the importance of linking the ability of enterprises to learn and innovate and its impact on the growth of social responsibility contributions.
The workshop reviewed the importance and value of social responsibility applications in establishments, the impact of the social role of companies on the growth of profits, how to build social capital, which in turn leads to improving the efficiency of the economic performance of companies, the importance of building relationships and partnerships between the public and private sectors.
It also tackled the role of social responsibility in reducing costs and limiting expenditure of the establishments, the role of social responsibility in achieving community well-being, and mechanisms to encourage institutions to achieve a balance between material profit, community service, and environmental safety.