2. CSR is a process by which an organization thinks about and evolves
its relationships with stakeholders for the common good and
demonstrates its commitment in this regard by adoption of
appropriate business processes and strategies. Thus, CSR is no
charity or mere donations.
3. Company Profile
The Blue Parijaat Foundation is a Private Company, who was
incorporated on dated 31-Aug-2020. blue parijaat foundation is
classified as Non-govt company and is registered at Registrar of
Companies located in Mumbai. As regarding the financial status on
the time of registration of blue parijaat foundation Company its
authorized share capital is Rs. 100000 and its paid up capital is Rs.
20000. Directors of blue parijaat foundation are manvi singh and
uma singh.
Foundation has 2 centers in village lakhad Maharashtra and Uttar
Pradesh.Through the centers, a commitment is made to support each
child by providing a strong educational foundation, good time, self-
esteem and values, and to help them plan how they can earn a steady
livelihood as a step towards improving their standard of living.
4.
5. Respect for human rights.
Respect for the differences of views.
Diversity & non-discrimination should be the guiding principle.
Make some social contribution.
Enter into e dialogue
Self-realization & creativity.
Fair dealings & collaboration.
Feedback from the community.
Positive value- added
Long term economic & social development.
CSR Principles & Strategies.
6. Six Strategies in the adoption of CSR.
Rejection strategy
Adversary strategy
Resistance strategy
Compliance strategy
Accommodation strategy
Proactive strategy
7. Best Practices of CSR
• To set a feasible, Viable & measureable goal.
• Build a long lasting relationship with the community.
• Retain the community core values.
• The impact of the CSR needs to be assessed.
• Reporting the impact.
• Create community awareness.
8. Need for Corporate Social Responsibility
• To reduce the social cost.
• To enhance the performance of employees.
• It a type of investment.
• It leads to industrial peace.
• It improves the public image.
• Can generate more profit.
• To provide moral justification.
• It satisfies the stakeholders.
• Helps to avoid government regulations & control.
• Enhance the health by non polluting measures.
9. CSR POLICY :-
CSR Policy of the companyshall include :-
• Projects and programs that are to be undertaken;
• A list of CSR projects/ programs which a company plans to undertake, which
may also focus on integrating business models with social and environmental
priorities and processes in order to create shared value, specified modalities
of execution in the execution of areas or sectors chosen and implementation
schedules;
CSR of the company should provide that surplus arising out of the CSR
activity will not be part of business profits of a company.
CSR Policy would specify that the corpus would include the
following:
a] 2% of the average net profits, there from, out of CSR activities
b] Any income arising out of CSR activities;
c] Surplus arising out of the CSR activities.
10. CSR Activities:
• Acompanymayalsoconduct/implementits CSRprogramsthrough
Trusts,Societies,orSection8companies operatingin India, which
arenot setupbythecompany itself.
• CompaniesmaybuildCSRcapacitiesoftheirown aswellasthose
of their implementing agenciesthrough institutions withestablished
trackrecordof atleast three financialyearsbutsuch
expenditureshallnotexceed5%oftotal expenditureofthe
companyinonefinancial year .
• Companies maycollaborateorpoolresources withother companies
toundertakeCSRactivitiesandanyexpenditureincurredonsuch
collaborative efforts wouldqualify for computingtheCSRspending.