Corporate Social Responsibility in Textile Industry

Some researchers in developed nations extend their policies beyond the boundary of CARS in the textiles industry, but some evolving contexts are still limited to this boundary, including Bangladesh, India and other countries due to facts that have not yet been revealed. The review discusses, developments and reveals the factors that are resisting the implementation of CARS in the textiles industry. Introduction In this era of competition where there is no space for error, efficiency in production plays a great part.

Efficiency in all aspects, compassion for gaining advantage is the key for survival and growth. In all trade mania there’s a saying it’s the people who make all the difference in development. Like many third world countries, Bangladesh is a developing country. Its economic development depends firstly on agriculture and secondly on industry based phenomena. The large-scale production of readmes garments (ARM) in organized factories is a new growth item in Bangladesh. Since the late sass, the ARM industry started developing in Bangladesh primarily as in export- oriented sector.

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This sector is also important in other countries such as India, Vietnam, China and lots more. It rapidly attained high importance in terms of employment, foreign exchange earnings and its contribution to GAP in all countries. The concept of social responsibility is a fairly recent one in the business world. Awareness about the social responsibility of business organizations is rapidly on the rise and firms are also accepting this concept. The textile industry is no exception. Textile producing and trading firms are also realizing their responsibility towards the society and the environment.

This article aims at analyzing the concept of social responsibility and the common ways in which textile firms try to fulfill it. Social responsibility is “an organization’s obligation to maximize its positive impact and minimize its negative impact on the society’. In other words, it is “the concept that businesses should be actively concerned with the welfare of the society at large”. The concept of social responsibility is applicable to individuals and governments as well as organizations.

The social responsibility of an organization is referred to as ‘corporate social responsibility (Wisped). Like the firms in other industries, textiles with them and the environment. However, the ways by which different organizations choose to fulfill their social responsibility might be different. The ways in which a textile firm can fulfill its responsibility towards various parties varies from countries to countries but in a way similar. These could be towards employees, shareholders, the government, customers, investors, suppliers, competitors, society and environment.

More or less these are different from country to country. Now an important question that may arise is that what the important CARS issues for the textile sector are. The answer is different for the developed and developing countries. The production sector in Europe is declining day by day due to presence of owe cost producing countries and due to the increased living standards in Europe and thus higher salaries. For the textiles, cradle-to-cradle and energy-efficient production are the two most important types of Echo innovation and therefore of CARS.

Examples are recycling of textile products, minimization of toxic substances, alternatives for existing raw materials, waste reduction, reduction of energy usage, renewable energy, and considering the product life cycle. In high end fashion, a few manufacturers of branded goods play a central role by setting trends and investing substantial amounts in PR and communication. They have the economic potential and the credibility to communicate CARS issues to consumers, to create and establish market niches for manufacturers, and to integrate CARS issues into the common practice of the sector.