Economic development of Bangladesh that occurred through the CSR activities of Chevron Bangladesh

Abstract

Corporate Social Responsibility (CSR) is a significant segment of any trustworthy organization. The CSR assets can be used for the nation's advancement in innovative and sustainable ways. Such a creative methodology has been taken by Chevron, under their Bangladesh Partnership Initiative (BPI), through financing a three-year skills development project called Uttoron - skills for better life. Uttoron's drives address the abilities improvement issues and encourages enlistment by overcoming any barrier between employers and employees. Its distinctive multi-layered learner selection process, fit-for-purpose trade selection, and industry association alongside broad partner commitment make the project special. Not only Uttoron but also Chevron has many other CSR activities that they hold for the betterment of the host country such as; SHIKHON and Jibika. Side by side, they have also contributed a lot to the healthcare sector of the country. The innovative use of Chevron's CSR subsidize is exclusive, however it is additionally intended to motivate and be adapted by different organizations and ventures for financial welfare and advancement. Such practices will allow Bangladesh to accomplish its objective of turning into a poverty-free middle-income country and to make an inclusive and fair society, which will also help lessen the gender differences in the labor market. In this report, I have conducted a research on the CSR activities conducted by Chevron in Bangladesh. These activities have helped our country to reach a higher extent of development. In the project part, I have displayed a broader analysis of these activities which helped us to advance at a larger scale in different aspects and also provided huge support to the people who are deprived of getting their basic & moral rights.