Downloaded 75 times
Uploaded byShubham Goel
Corporate social responsibility
Corporate Social Responsibility (CSR) refers to corporate initiatives to assess and take responsibility for a company's effects on the environment and impact on social welfare. CSR involves companies integrating economic, social, and environmental concerns into their business operations. The legal mandate in India requires companies with a net worth over 500 crore INR, turnover over 1000 crore INR, or net profit over 5 crore INR to spend on CSR activities classified as education, healthcare, rural development, and more. Benefits of CSR include winning new business, enhancing stakeholder relationships, and improving reputation. Many Indian companies actively engage in CSR programs focused on areas like education, community support, and socio-economic development.
More Related Content
Similar to Corporate social responsibility
Corporate social responsibility
- 1.
- 2. Flow • What isCSR? • Importance • Classification • CSR in India
- 3. Corporate Social Responsibility •What is Corporate social responsibility? – Corporate initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. – An idea whereby companies integrate economical, social & environmental concern in their business operation. • C+S+R – Corporate :-Organized Business – Social :-Dealing with people – Resp. :-Accountability between two
- 4. Dfinitions:- • “The Tatacredo is that give back to the people what you have earned from them, moreover for any business to sustain in the long run they have to look beyond business” Mr. Jamshetji Tata • “Corporate social responsibility must not be defined by tax planning strategies alone. Rather it should be defined with in the framework of a corporate philosophy, which factors the need of the community and the region in which a corporate entitiy functions” Dr. MMS
- 5. Mere or bhinaam:- – Corporate Conscience – Corporate Citizenship – Social Performance – Sustainable Responsible Business
- 6. Legal Mandate • 5important elements under Sec-135 Schedule VII of companies act- – CSR Applicability – CSR committee – CSR Policy & Activity – CSR Expenditure – CSR Reporting • Every companies with either of the following 3, during the financial year- – Net worth Rs. 500 cr or more – Turnover Rs. 1000 Cr or more – Net profit of Rs. 5 Cr or more
- 7. CSR Pyramid Philanthropic Res-Be a good corporate citizen the contribute resource to the community Ethical Res- Be ethical Legal Res- Obey the rules Economic Res- Be Profitable
- 8. Classification of CSR Responsibility Towardsitself Towards shareholders Towards consumers
- 9. CSR Stakeholders • Government- •Legal, Information Disclosure & Environmental Protection • Employees- • Safety, Health & Environmental • Customers- • Quality Control & Customer satisfaction • Shareholders- • Proactive communication & Information disclosure • Suppliers- • Market information exchange
- 10. Importance of CSR •Responsibility recognized by the companies for acting the socially responsible manner. • Treat employee fairly and with respect & provide them respect • Respect human rights • Sustain the environment for next generation
- 11. Benefits of CSR Benefits ofCSR Winning New Business Enhanced relationship with stake holders Happy workforce Media Interest & reputation Access to funding opportunities Enhancing influence in the industries Differentiatin g yourself from the competition Saving Money on energy and operating cost Increase the customer relation
- 12. CSR in India •Education • Focus of nation building • Employment • Health care • Rural Development • Community Support • Socio-economic development • Research • Welfare Activities • Arts & Cultures
- 13. FMCG Brands- • Dabur- •Sundesh:-providing education to children between 6-14 years • P&G- • Shiksha:- helped more than 3.5 lacs underprivileged children access their right to education • P&G- • Privartan:- The program has impacted over 2.5 Million girls across 1500 schools in india. Enable them to adopt the right feminine hygiene practice to stay healthy and stay in school
- 14. Tata Group Comp •Tata Steel- spends 5-7% of its profit after tax on several CSR activity – Social welfare organization – Healthcare projects – Economic Environment • Tata Motors- – Pollution control – Restoring ecological balance • Tata Tea:- – Tata Tea has been working hard since 1980 to fullfill the need of specially-abled people. It has setup the Srishti welfare Centre in Munnar-Kerala.
- 15. Others:- • Infosys- • Infosyspromoted, in 1996, the Infosys foundation as a not for profit trust to which it contributes up to 1% of the profit every year and spends on education, research and community development projects. • ITC” e-choupal- • ITC is engaged in the elevating its partnership with the Indian farmer to the new paradigm by leveraging information technology through its trial blazing “e-choupal” initiative. It is significantly widening its farmer partnerships embrace a host of value adding activities. Helping poor tribes to make their wasteland productive, investing in their rain water harvesting, empowring women, providing infrastructure support to make school for village children
- 16. Others:- • L&T- • L&Tpromotes construction vocational training in India by establishing a Construction Skills Training Institute at Manapakkam Chennai and many others part and provides free of cost basic training in framework, carpentry, plumbing etc…..
- 17.