Corporate Social Responsibility Presentation Transcript
Group Members Aqib Farooq Nirbhay Gupta Kunal Bhatt
Corporate Social Responsibility Issues
350 possible definitions!!
Corporate responsibility, Corporate citizenship, Responsible business, Sustainable responsible business (SRB), or Corporate social performance….
Corporate Social Responsibility (CSR)
Preliminary definitions of CSR
The impact of a company’s actions on society
Requires a manager to consider his acts in terms of a whole social system, and holds him responsible for the effects of his acts anywhere in that system
Business of business is to do business
Corporate governance should be recognized as set of standards, which aims to improve a company’s image, efficiency, effectiveness and social responsibility- Nigel Kendall
Operating in a manner that meets or exceeds the ethical, legal, commercial and public expectations that society has of business….”Business for social responsibility.
CSR is a new terminology, but its hardly a new concept. As in third century BC, Kautilya’s has dealt with the management of people and power commerce and taxations, standardization of weights and measures, and more peace.
Corporate Social Responsibility (CSR) Begins at Home
Novel writer by, Scott Cooney..
He suggested a strategy for dealing with the economic crisis. Cooney calls it a counterintuitive strategy.
Empower your employees. Give them even more reign over your company.
Task them with righting the ship. Elevate them, during this time of crisis, to the level of partner. Ask them to think like an owner .
Pyramid of CSR Philanthropic Responsibilities Be a good corporate citizen. Ethical Responsibilities Be ethical. Legal Responsibilities Obey the law. Economic Responsibilities Be profitable.
CSR Level 1: Key Question : The least industry can do beyond compliance Polluter pays principle?
Concepts & Methodology
There are 3 levels of CSR :
Level 1 : Compliance
Level 2: Philanthropy/Green wash
Level 3 : - Innovations
- Key business strategy
CSR Level 1 Improve law/ regulations standards Department of environmental management Reclamation (turning ash in to soil) Local Government participation Whether the regulation poor or good/new or old : that is not the issue… ??
CSR Levels 2
Key Questions :
Is industry voluntarily giving back something to the society?
Are these actions inspired by a sense of guilt to the society, earning good name in market, philanthropy, etc.?
CSR Level 2
Infrastructure for physically challenged employees
Foundations (i.e. : financial aid beyond immediate community/tax planning with positive impact)
Income generation for community
Forestation / “Greening”
Community development office…
Cultivation in public land…
CSR Level 3
Is it part of core business strategy?
Is it adopted by the board?
CSR Level 3
Ash management: ash brick factory
Quality Circle: empowering community
R&R: land for land
Distributed Generation: Regional dev.
Center for power efficiency and Env. Protection (CenPEEP)