The document discusses the concept and history of corporate social responsibility (CSR). It explains that CSR involves companies integrating social and environmental concerns into their business operations and stakeholder interactions. The history of CSR is traced back to companies in the late 1800s that provided benefits to employees and local communities. More recently, CSR has grown to encompass considerations around ethics, governance, human rights, the environment, and more. The concept of the "triple bottom line" is introduced as a way for companies to balance economic, social, and environmental impacts through their CSR efforts. Key components of modern CSR are identified as governance, ethics, workplace practices, supply chain management, customer satisfaction, community involvement, and environmental stewardship.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Corporate social responsibility | 2015 - Recent TrendsAadhit B
This paper predominantly enumerates the role of Corporate Social responsibilities in the present scenario, its evolution, impact of Clause 135 of Companies Act, 2013, Role of CSRs in SMEs and also its Global Impact.
|Clause 135, Companies Act, 2013 | Companies (CSR policies) Rules, 2014 |
Current trends and opportunities in CSR
CSR as a strategic business tool for sustainable development
Review of successful corporate initiatives & challenges of CSR
Case Studies of Major CSR Initiatives
The popularity of Corporate Social Responsibility: A strategic reviewIOSR Journals
Abstract : Purpose: This research paper aims to explore a research question: Why Corporate Social Responsibility (CSR) should be popularized instead of imposed? Methodology: Answering the question CSR literature with the test of both theoretical and practical perspectives by following qualitative interview method. This research paper reviews the practical assessment of latest thinking about CSR. This research investigates three questions, these are: who are the investors of CSR, who makes decisions about CSR and potential implications of CSR? Findings: Most relevant theoretical framework offers guidance to managers where CSR is morally attractive force of business through legislative power. Imposed questions are revealed to answers of first two questions are quiet apparent. The answer of third question is inference that indicates three major findings. These are: the costs of CSR remain unrecognized, it helps the managers to take decisions, and CSR have government and civil society implications which we scarcely think. Practical Implications: The capacity of business can contribute to society that has proved through huge expenditure of firms. This paper concludes to encourage the business sensibly by using the popularity CSR as business duty. Value: This paper provides vital information on CSR as a business function.
A look at the common elements of most successful CSR programs. By implementing these into your organization’s initiative, you can guarantee a reasonable level of success
Corporate social responsibility | 2015 - Recent TrendsAadhit B
This paper predominantly enumerates the role of Corporate Social responsibilities in the present scenario, its evolution, impact of Clause 135 of Companies Act, 2013, Role of CSRs in SMEs and also its Global Impact.
|Clause 135, Companies Act, 2013 | Companies (CSR policies) Rules, 2014 |
Current trends and opportunities in CSR
CSR as a strategic business tool for sustainable development
Review of successful corporate initiatives & challenges of CSR
Case Studies of Major CSR Initiatives
The popularity of Corporate Social Responsibility: A strategic reviewIOSR Journals
Abstract : Purpose: This research paper aims to explore a research question: Why Corporate Social Responsibility (CSR) should be popularized instead of imposed? Methodology: Answering the question CSR literature with the test of both theoretical and practical perspectives by following qualitative interview method. This research paper reviews the practical assessment of latest thinking about CSR. This research investigates three questions, these are: who are the investors of CSR, who makes decisions about CSR and potential implications of CSR? Findings: Most relevant theoretical framework offers guidance to managers where CSR is morally attractive force of business through legislative power. Imposed questions are revealed to answers of first two questions are quiet apparent. The answer of third question is inference that indicates three major findings. These are: the costs of CSR remain unrecognized, it helps the managers to take decisions, and CSR have government and civil society implications which we scarcely think. Practical Implications: The capacity of business can contribute to society that has proved through huge expenditure of firms. This paper concludes to encourage the business sensibly by using the popularity CSR as business duty. Value: This paper provides vital information on CSR as a business function.
A look at the common elements of most successful CSR programs. By implementing these into your organization’s initiative, you can guarantee a reasonable level of success
In what ways stakeholders related to business activities. Give examples of stakeholders
Differentiate between primary and secondary stakeholders in a business situation. Give examples of each by selecting companies known to you.
Illustrate what are the examples around you from your observation or read where companies that act in irresponsible manner towards the society/stakeholders. Give examples
What opportunities and challenges does business encounter with the stakeholders in their day to day relationship?
Introduction to the concepts of corporate governance. Prepared for students with L2 English studying in the United Arab Emirates. Includes information and student activities.
A brief overview of the relationship between business and the social environment, touching on corporate social responsibility and the effect of social changes on business.
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CORPORATE SOCIAL RESPONSIBILITY - Background & Implications In IndiaSatyaki Chowdhury
This Presentation on CSR will give you the very core idea of what is CSR, how it evolved, what are it's applications, its effect on the aspect of Business & Some examples of CSR's Involvement in India!!!!
The Slide No. 25 contains a Youtube Video. The link is given below :
https://www.youtube.com/watch?v=o0Ur-JqQmvQ
Hope you will get a basic idea of CSR from the presentation.
Thank You.
Meaning of CSR
Social Responsibility theories
Pyramid of CSR
Contemporary CSR
Corporate Sustainability
Reputation Management
Environmental aspect of CSR
Companies Practices : Environmental aspect of CSR
CSR models
Triple bottom Line
Drivers of CSR
CSR and business ethics
Cases on CSR
CSR and corporate governance
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.
CSR is a way of conducting business, by which corporate entities visibly contribute to the social good. Socially responsible companies use CSR to integrate economic, environmental and social objectives with the company’s operations and growth.
Many other names are used to refer to CSR such as socially responsible business, responsible business conduct, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability.
It is the continuing commitment by businesses to behave ethically & contribute to economic development while improving the quality of life of the workforce & their families ,local communities and the society at large
CSR requires companies to acknowledge that they should be publicly accountable not only for their financial performance but also for their social and environmental record.
It encompasses the extent to which companies should promote human rights, democracy, community improvement and sustainable development objectives throughout the world.
CSR is the commitment of businesses to contribute to sustainable economic development working with employees, their families, the local community and society at large to improve their quality of life in ways that are both for business and good for international development
CSR has a long history associated with it impacts on organizations behavior. CSR is originally considered an American and European concept. During the 1990s the idea of CSR became almost universally approved, also CSR was coupled with strategy literature and finally, in the 2000s.
In India as in the rest of the world there is a growing realization the capital markets and corporations are. After all, created by society and must therefore serve it, not merely profit from it. And those consumers and citizens campaigns can make all the difference.
For over 50 years, Hindalco has worked in the hinterlands of India to better the quality of life of the underprivileged sections of society. This study is undertaken to provide a systematic analysis of:
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Venturesgreendigital
Willie Nelson is a name that resonates within the world of music and entertainment. Known for his unique voice, and masterful guitar skills. and an extraordinary career spanning several decades. Nelson has become a legend in the country music scene. But, his influence extends far beyond the realm of music. with ventures in acting, writing, activism, and business. This comprehensive article delves into Willie Nelson net worth. exploring the various facets of his career that have contributed to his large fortune.
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Introduction
Willie Nelson net worth is a testament to his enduring influence and success in many fields. Born on April 29, 1933, in Abbott, Texas. Nelson's journey from a humble beginning to becoming one of the most iconic figures in American music is nothing short of inspirational. His net worth, which estimated to be around $25 million as of 2024. reflects a career that is as diverse as it is prolific.
Early Life and Musical Beginnings
Humble Origins
Willie Hugh Nelson was born during the Great Depression. a time of significant economic hardship in the United States. Raised by his grandparents. Nelson found solace and inspiration in music from an early age. His grandmother taught him to play the guitar. setting the stage for what would become an illustrious career.
First Steps in Music
Nelson's initial foray into the music industry was fraught with challenges. He moved to Nashville, Tennessee, to pursue his dreams, but success did not come . Working as a songwriter, Nelson penned hits for other artists. which helped him gain a foothold in the competitive music scene. His songwriting skills contributed to his early earnings. laying the foundation for his net worth.
Rise to Stardom
Breakthrough Albums
The 1970s marked a turning point in Willie Nelson's career. His albums "Shotgun Willie" (1973), "Red Headed Stranger" (1975). and "Stardust" (1978) received critical acclaim and commercial success. These albums not only solidified his position in the country music genre. but also introduced his music to a broader audience. The success of these albums played a crucial role in boosting Willie Nelson net worth.
Iconic Songs
Willie Nelson net worth is also attributed to his extensive catalog of hit songs. Tracks like "Blue Eyes Crying in the Rain," "On the Road Again," and "Always on My Mind" have become timeless classics. These songs have not only earned Nelson large royalties but have also ensured his continued relevance in the music industry.
Acting and Film Career
Hollywood Ventures
In addition to his music career, Willie Nelson has also made a mark in Hollywood. His distinctive personality and on-screen presence have landed him roles in several films and television shows. Notable appearances include roles in "The Electric Horseman" (1979), "Honeysuckle Rose" (1980), and "Barbarosa" (1982). These acting gigs have added a significant amount to Willie Nelson net worth.
Television Appearances
Nelson's char
WRI’s brand new “Food Service Playbook for Promoting Sustainable Food Choices” gives food service operators the very latest strategies for creating dining environments that empower consumers to choose sustainable, plant-rich dishes. This research builds off our first guide for food service, now with industry experience and insights from nearly 350 academic trials.
Characterization and the Kinetics of drying at the drying oven and with micro...Open Access Research Paper
The objective of this work is to contribute to valorization de Nephelium lappaceum by the characterization of kinetics of drying of seeds of Nephelium lappaceum. The seeds were dehydrated until a constant mass respectively in a drying oven and a microwawe oven. The temperatures and the powers of drying are respectively: 50, 60 and 70°C and 140, 280 and 420 W. The results show that the curves of drying of seeds of Nephelium lappaceum do not present a phase of constant kinetics. The coefficients of diffusion vary between 2.09.10-8 to 2.98. 10-8m-2/s in the interval of 50°C at 70°C and between 4.83×10-07 at 9.04×10-07 m-8/s for the powers going of 140 W with 420 W the relation between Arrhenius and a value of energy of activation of 16.49 kJ. mol-1 expressed the effect of the temperature on effective diffusivity.
"Understanding the Carbon Cycle: Processes, Human Impacts, and Strategies for...MMariSelvam4
The carbon cycle is a critical component of Earth's environmental system, governing the movement and transformation of carbon through various reservoirs, including the atmosphere, oceans, soil, and living organisms. This complex cycle involves several key processes such as photosynthesis, respiration, decomposition, and carbon sequestration, each contributing to the regulation of carbon levels on the planet.
Human activities, particularly fossil fuel combustion and deforestation, have significantly altered the natural carbon cycle, leading to increased atmospheric carbon dioxide concentrations and driving climate change. Understanding the intricacies of the carbon cycle is essential for assessing the impacts of these changes and developing effective mitigation strategies.
By studying the carbon cycle, scientists can identify carbon sources and sinks, measure carbon fluxes, and predict future trends. This knowledge is crucial for crafting policies aimed at reducing carbon emissions, enhancing carbon storage, and promoting sustainable practices. The carbon cycle's interplay with climate systems, ecosystems, and human activities underscores its importance in maintaining a stable and healthy planet.
In-depth exploration of the carbon cycle reveals the delicate balance required to sustain life and the urgent need to address anthropogenic influences. Through research, education, and policy, we can work towards restoring equilibrium in the carbon cycle and ensuring a sustainable future for generations to come.
Natural farming @ Dr. Siddhartha S. Jena.pptxsidjena70
A brief about organic farming/ Natural farming/ Zero budget natural farming/ Subash Palekar Natural farming which keeps us and environment safe and healthy. Next gen Agricultural practices of chemical free farming.
3. What is Corporate Social Responsibility?
In Management terms, CSR is a set of actions of a company that
changes business operations to improve, maintain, or mitigate a
company’s impact on society and the environment.
4. History of CSR (Where, When & Why)…
Early roots of corporate social responsibility can be found in the
actual business practices of successful companies since the
eighteenth century in the United Kingdom.
A notable example is the Cadbury chocolate makers in the UK
that prospered in the 1870s and moved in 1879 to a green field
site which came to be called “Bournville Village” for the benefit
of its workforce.
7. History of CSR (Where, When & Why)…
The Cadbury family introduced social responsibility practices
including works committees, a medical department, pension
funds and education and training for employees.
By 1900s they built “a successful business in a successful
community”.
8. CSR in India: The Four Phases of CSR Development in India
The history of CSR in India has its four phases which run parallel
to India's historical development and has resulted in different
approaches towards CSR. However the phases are not static and
the features of each phase may overlap other phases.
Phase 1
Pure
philanthropy
and charity
during
industrialization
Phase 2
CSR as social
development
during the
independence
struggle
Phase 3
CSR under the
“mixed
economy”
paradigm
Phase 4
CSR in a
globalised world
in a “confused
state”
First Phase
(1850-1914)
Second Phase
(1914-1960)
Third Phase
(1960-1980)
Fourth Phase
(1980 until the
present)
9. “India's Top Companies for CSR & Sustainability 2015”
Responsible business includes two constructs - CSR and
Sustainability.
While both are sometimes used interchangeably, they are also
terms that have different connotations in the Indian context.
10. The Concept & Dimensions of CSR
The emerging concept of Corporate Social Responsibility (CSR) goes
beyond charity and requires the company to act beyond its legal
obligations and to integrated social, environmental and ethical
concerns into company’s business process.
Business has today, emerged as one of the most powerful
institutions on the earth. Some of the biggest companies in the
world are in fact, bigger in size than some of the developing
countries of the world. Globalization makes the world smaller, and
business, worldwide, is expanding like never before. Companies are
expanding their operations and crossing geographical boundaries.
11. The Concept & Dimensions of CSR
In the current scheme of things, business enterprises are no longer
expected to play their traditional role of mere profit making
enterprises. The ever-increasing role of civil society has started to
put pressure on companies to act in an economically, socially and
environmentally sustainable way.
The companies are facing increased pressure for transparency and
accountability, being placed on them by their employees,
customers, shareholders, media and civil society. Business does not
operate in isolation and there is today, an increased realization that
not only can companies affect society at large, but they are also in
a unique position to influence society and make positive impact.
12. The Concept & Dimensions of CSR
Milton Friedman, Nobel Laureate in Economics wrote in 1970 in the
New York Times Magazine that “the social responsibility of business
is to increase its profits” and “the business of business is business”.
This represented an extreme view that the only social responsibility
a law-abiding business has is to maximize profits for the
shareholders, which were considered the only stakeholders for the
company.
Edward Freeman defines, ‘a stakeholder in an organization is any
group or individual who can affect or is affected by the
achievement of the organization’s objectives.’ Thus, the term
stakeholder includes (apart from shareholders), but not limited to,
customers, employees, suppliers, community, environment and
society at large.
13. The Concept & Dimensions of CSR
The triple bottom line approach (TBL Approach) to CSR emphasizes
a company’s commitment to operating in an economically, socially
and environmentally sustainable manner.
The emerging concept of CSR advocates moving away from a
‘shareholder alone’ focus to a ‘multi-stakeholder’ focus. This would
include investors, employees, business partners, customers,
regulators, supply chain, local communities, the environment and
society at large.
15. The Concept & Dimensions of CSR
So, Corporate Social Responsibility (CSR) is a concept whereby
companies integrate social and environmental concerns in their
business operations and interactions with their stakeholders. CSR is
generally understood as being the way through which a company
achieves a balance of economic, environmental and social
imperatives (“Triple-Bottom-Line- TBL Approach”), while at the
same time addressing the expectations of shareholders and
stakeholders. The Triple Bottom Line attempts to describe the
social and environmental impact of an organization’s activities, in
a measurable way, to its economic performance in order to show
improvement or to make evaluation more in-depth.
16. The key components of CSR would therefore include the
following:
Corporate Governance: Within the ambit of corporate governance,
major issues are the accountability, transparency and conduct in
conformity with the laws. Good corporate governance policy would
enable the company to realize its corporate objectives, protect
shareholder rights, meet legal requirements and create
transparency for all stakeholders.
Business Ethics: Relates to value-based and ethical business
practices. ‘Business ethics defines how a company integrates core
values – such as honesty, trust, respect, and fairness – into its
policies, practices, and decision making. Business ethics also
involves a company’s compliance with legal standards and
adherence to internal rules and regulations.’
17. India fourth in corporate governance ranking: ACCA-KPMG study
According to a study done by KMPG in Singapore and the Association of Chartered
Certified Accountants, the top three highest scoring markets with clear and extensive CG
requirements are the UK, the US and Singapore.
Australia, India and Malaysia jointly ranked fourth while Hong Kong and Russia tied for
the next position, followed by Brazil and Taiwan at 10th position.
The study analyzed corporate governance requirements in terms of clarity, degree of
enforceability and number and type of instruments used by the 25 markets.
The markets with the lowest scores, in descending order, are the Philippines, Indonesia,
Canada, China, Cambodia, Japan, Vietnam, Myanmar, Brunei and Laos.
Source: http://timesofindia.indiatimes.com/business/international-business/India-fourth-
in-corporate-governance-ranking-ACCA-KPMG-study/articleshow/45262157.cms
EXAMPL
18. Wipro Named as a 2015 World's Most Ethical Company by the
Ethisphere Institute for the Fourth Successive Year. London, United
Kingdom, East Brunswick, New Jersey, USA and Bangalore, India -
March 9, 2015: Wipro Ltd
Source: http://www.wipro.com/newsroom/press-releases/Wipro-named-as-a-
2015-worlds-most-ethical-company-by-the-Ethisphere-Institute-for-the-fourth-
successive-year/
EXAMPL
19. Workplace and labour relations: Human resources are most
important and critical to a company. Good CSR practices relating to
workplace and labour relations can help in improving the
workplace in terms of health and safety, employee relations as well
as result in a healthy balance between work and non-work aspects
of employees’ life. It can also make it easier to recruit employees
and make them stay longer, thereby reducing the costs and
disruption of recruitment and retraining.
Affirmative action/good practices: Equal opportunity employer,
diversity of workforce that includes people with disability, people
from the local community etc., gender policy, code of
conduct/guidelines on prevention of sexual harassment at
workplace, prevention of HIV/AIDS at workplace, employee
volunteering etc. are some of the good practices which reflect CSR
practices of the company.
20. Supply Chain: The business process of the company is not just
limited to the operations internal to the company but to the entire
supply chain involved in goods and services. If anyone from the
supply chain neglects social, environmental, human rights or other
aspects, it may reflect badly on the company and may ultimately
affect business heavily. Thus, company should use its strategic
position to influence the entire supply chain to positively impact
the stakeholders.
Customers: The products and services of a company are ultimately
aimed at the customers. The cost and quality of products may be of
greatest concern to the customers but these are not the only
aspects that the customers are concerned with. With increased
awareness and means of communication, customer satisfaction
and loyalty would depend on how the company has produced the
goods and services, considering the social, environmental, supply-
chain and other such aspects.
21. Conflict Free: A Journey Deep Into Mines of the Congo. | Intel by Intel
23. Environment: Merely meeting legal requirements in itself does not
comprise CSR but it requires company to engage in such a way that
goes beyond mandatory requirements (2% of Net Profit) and
delivers environmental benefits. It would include, but not limited
to, finding sustainable solutions for natural resources, reducing
adverse impacts on environment, reducing environment-risky
pollutants/emissions as well as producing environment-friendly
goods.
Community: A major stakeholder to the business is the community
in which the company operates. The involvement of a company
with the community would depend upon its direct interaction with
the community and assessment of issues/risks faced by those living
in the company surrounding areas. This helps in delivering a
community-focused CSR strategy – making positive changes to the
lives of the people and improving the brand-image of the company.
Involvement with the community could be both direct & indirect –
through funding and other support for community projects
implemented by local agencies.