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Sameer Bensekar

Corporate social responsibility

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CORPORATE SOCIAL RESPONSIBILITY PRESENTED BY MANU A (PGP02078) NISHIKANT KUMAR (PGP02082) SAMEER BENSEKAR (PGP02066) SHUBHANKAR (PGP020)
WHAT IS A CORPORATION ? • It is one form of business ownership • It is a group of individuals to serve an idea or objective. • The major principle is earning large, growing, sustained, legal returns to the people who own the business
HISTORY • Previously corporations were few group of people to do a particular function. • It was considered a support or entity which was a gift to people in order to serve the public good • During civil war and Industrial revolution the corporation grew exponentially • Corporate lawyers realised that corporations should be more powerful and needed to remove the historical constraints • Corporation became a legal person whose prime aim was to
ADVERSE EFFECTS OF CORPORATION Harm to workers •Layoffs (HP) •Union Busting (Walmart) •Sweatshops (NIKE) Harm to human health •Dangerous Products (DDT) •Synthetic Chemicals •Pollution (Yamuna Pollution)
ADVERSE EFFECTS OF CORPORATION Harm to animals • Habitat destruction • Factory farming (Posilac) • Experimentation Harm to biosphere • Harmful gas emissions • Nuclear Waste • Corporate Paradigm
CORPORATE SOCIAL RESPONSIBILITY • CSR is about how companies manage the business processes to produce an overall positive impact on society and environment. • According to the Section 135 of New Companies Act 2013 every company having • Net worth of rupees 500 crore or more • Turnover of rupees 1000 crore or more • A net profit of rupees 5 crore or more has to constitute a Corporate Social Responsibility Committee and should contribute 2% of the net profit to CSR.
BENEFITS OF CSR TO SOCIETY Education •Provides Infrastructure (Buildings, Computers etc.) •Provides Supplementary Education •Vocational Training •e.g. Tata Group, ITC, Ajim Premji Healthcare •Provides healthcare facility •e.g. Apollo (SAHI), Fortis Sanitation •Provide Clean Drinking Water •Construction and Maintenance of Toilets •Solid and Liquid Waste Management •e.g. TATA steel , GAIL India and ONGC
BENEFITS TO ENVIRONMENT • Reduction of Emission of Greenhouse Gas (CISCO) • Better Waste Management BENEFITS TO EMPLOYEES • Positive workplace environments • Increase in creativity • Increases professional and personal growth
BENEFITS TO CORPORATION • Improves the Public Image • Increases media coverage • Boost employee engagement • Attracts and retains investors
MISUSE OF CSR • Companies can use CSR programs to influence politicians • PSUs can pump in CSR funds in favour of minister’s constituency • CSR can lead to corruption
THANK YOU

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Corporate social responsibility

  • 1. CORPORATE SOCIAL RESPONSIBILITY PRESENTED BY MANU A (PGP02078) NISHIKANT KUMAR (PGP02082) SAMEER BENSEKAR (PGP02066) SHUBHANKAR (PGP020)
  • 2. WHAT IS A CORPORATION ? • It is one form of business ownership • It is a group of individuals to serve an idea or objective. • The major principle is earning large, growing, sustained, legal returns to the people who own the business
  • 3. HISTORY • Previously corporations were few group of people to do a particular function. • It was considered a support or entity which was a gift to people in order to serve the public good • During civil war and Industrial revolution the corporation grew exponentially • Corporate lawyers realised that corporations should be more powerful and needed to remove the historical constraints • Corporation became a legal person whose prime aim was to
  • 4. ADVERSE EFFECTS OF CORPORATION Harm to workers •Layoffs (HP) •Union Busting (Walmart) •Sweatshops (NIKE) Harm to human health •Dangerous Products (DDT) •Synthetic Chemicals •Pollution (Yamuna Pollution)
  • 5. ADVERSE EFFECTS OF CORPORATION Harm to animals • Habitat destruction • Factory farming (Posilac) • Experimentation Harm to biosphere • Harmful gas emissions • Nuclear Waste • Corporate Paradigm
  • 6. CORPORATE SOCIAL RESPONSIBILITY • CSR is about how companies manage the business processes to produce an overall positive impact on society and environment. • According to the Section 135 of New Companies Act 2013 every company having • Net worth of rupees 500 crore or more • Turnover of rupees 1000 crore or more • A net profit of rupees 5 crore or more has to constitute a Corporate Social Responsibility Committee and should contribute 2% of the net profit to CSR.
  • 7. BENEFITS OF CSR TO SOCIETY Education •Provides Infrastructure (Buildings, Computers etc.) •Provides Supplementary Education •Vocational Training •e.g. Tata Group, ITC, Ajim Premji Healthcare •Provides healthcare facility •e.g. Apollo (SAHI), Fortis Sanitation •Provide Clean Drinking Water •Construction and Maintenance of Toilets •Solid and Liquid Waste Management •e.g. TATA steel , GAIL India and ONGC
  • 8. BENEFITS TO ENVIRONMENT • Reduction of Emission of Greenhouse Gas (CISCO) • Better Waste Management BENEFITS TO EMPLOYEES • Positive workplace environments • Increase in creativity • Increases professional and personal growth
  • 9. BENEFITS TO CORPORATION • Improves the Public Image • Increases media coverage • Boost employee engagement • Attracts and retains investors
  • 10. MISUSE OF CSR • Companies can use CSR programs to influence politicians • PSUs can pump in CSR funds in favour of minister’s constituency • CSR can lead to corruption