Corporate social responsibility
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Corporate social responsibility (CSR) came into common use in the 1960s and 1970s. CSR emphasizes a company's obligations and accountability to society, while corporate social responsiveness emphasizes actions taken and corporate social performance emphasizes outcomes. CSR involves companies negotiating their role in society and having a positive impact through activities that benefit the environment, customers, employees, stakeholders, and communities. While charity involves donations, CSR aligns a company's values and activities with social causes for long-term business benefits. In India, the new Companies Bill of 2013 mandates that large companies spend 2% of profits on CSR activities.
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Csr (1)
Corporate Social Responsibility is a concept whereby companies integrate social and environmental concerns in their business operations
CSR is the responsibility of corporations to contribute to a better society and cleaner environment
Corporate social responsibility
This document discusses corporate social responsibility (CSR) in India. It provides background on CSR, defining it as companies managing business processes to have an overall positive social impact. CSR was first discussed academically in the 1950s and is now mandatory for large companies in India under the Companies Act of 2013. The document outlines drivers and significance of CSR, as well as challenges in implementation, such as building local capacity and lack of transparency. It provides a checklist for evaluating CSR programs and concludes that while the Companies Act is a step forward, clear guidelines and transparency are still needed for CSR to be fully realized in India.
CSR
This document discusses corporate social responsibility (CSR). It defines CSR as aligning a company's activities with stakeholder expectations regarding social, economic, and environmental impacts. The document outlines a company's responsibilities to society, government, shareholders, employees, and consumers. It discusses benefits of CSR like winning new business and enhancing reputation. The document also presents arguments both for and against companies taking on CSR initiatives.
CSR BY JIDE
Corporate social responsibility (CSR) refers to business practices that benefit society beyond increasing profits. CSR can include charitable donations, implementing environmentally friendly practices, and balancing profitability with social and environmental impacts. Engaging in CSR can benefit businesses by improving their reputation among consumers and investors, increasing employee satisfaction and retention, and reducing costs. While CSR initiatives outwardly benefit the community, focusing also on internal CSR policies that improve workplace conditions, such as employee health, safety, and work-life balance, can increase productivity and profitability for companies.
Corporate Social Responsibility from Tax Perspective
The document discusses the key aspects of corporate social responsibility (CSR) requirements for companies in India according to the Companies Act 2013. It covers topics such as the criteria for applicability of CSR spending requirements, computation of net profits, constitution of CSR committees, eligible CSR activities, modes of implementation, reporting requirements, deductions available, and penalties for non-compliance. It also provides a comparison of CSR practices in other countries and poses some questions for further discussion on interpreting certain aspects of India's CSR rules.
Corporate Social Responsibility BY LION DEEPAK BHATTACHARJEE DISTRICT GOVERNO...
This document discusses the history and evolution of corporate social responsibility (CSR) in India. It outlines four phases:
1) Pre-1850s: CSR focused on charity and philanthropy through religious causes and famine/epidemic relief.
2) 1850s-1947: Industrial families established trusts for education and development under Gandhi's influence.
3) 1960-1980: The mixed economy model and public sector development emerged alongside increased regulation.
4) Post-1980: Globalization encouraged CSR integration into business strategies and compliance with international standards.
The Companies Act of 2013 now mandates companies over certain thresholds to spend 2% of profits annually on CSR activities. The document also outlines a partnership for
Corporate Governance
Corporate governance is the system by which companies are directed and controlled. It involves balancing stakeholder interests and providing accountability. Good corporate governance provides transparency, accountability and independence. It benefits companies through growth, investor confidence, and increased share value. However, it also increases costs and can separate ownership from management.
CSR
This presentation summarizes a group's report on corporate social responsibility (CSR). It introduces the presenting group and outlines their presentation, which covers the definition of CSR, its basic constituents and fields of application in Bangladesh. The presentation discusses CSR principles and strategies, models of CSR, best practices in Bangladesh, arguments for and against CSR, and recommendations to improve CSR practices in Bangladesh such as green manufacturing and waste management projects.
Recommended
Csr (1)
Corporate Social Responsibility is a concept whereby companies integrate social and environmental concerns in their business operations
CSR is the responsibility of corporations to contribute to a better society and cleaner environment
Corporate social responsibility
This document discusses corporate social responsibility (CSR) in India. It provides background on CSR, defining it as companies managing business processes to have an overall positive social impact. CSR was first discussed academically in the 1950s and is now mandatory for large companies in India under the Companies Act of 2013. The document outlines drivers and significance of CSR, as well as challenges in implementation, such as building local capacity and lack of transparency. It provides a checklist for evaluating CSR programs and concludes that while the Companies Act is a step forward, clear guidelines and transparency are still needed for CSR to be fully realized in India.
CSR
This document discusses corporate social responsibility (CSR). It defines CSR as aligning a company's activities with stakeholder expectations regarding social, economic, and environmental impacts. The document outlines a company's responsibilities to society, government, shareholders, employees, and consumers. It discusses benefits of CSR like winning new business and enhancing reputation. The document also presents arguments both for and against companies taking on CSR initiatives.
CSR BY JIDE
Corporate social responsibility (CSR) refers to business practices that benefit society beyond increasing profits. CSR can include charitable donations, implementing environmentally friendly practices, and balancing profitability with social and environmental impacts. Engaging in CSR can benefit businesses by improving their reputation among consumers and investors, increasing employee satisfaction and retention, and reducing costs. While CSR initiatives outwardly benefit the community, focusing also on internal CSR policies that improve workplace conditions, such as employee health, safety, and work-life balance, can increase productivity and profitability for companies.
Corporate Social Responsibility from Tax Perspective
The document discusses the key aspects of corporate social responsibility (CSR) requirements for companies in India according to the Companies Act 2013. It covers topics such as the criteria for applicability of CSR spending requirements, computation of net profits, constitution of CSR committees, eligible CSR activities, modes of implementation, reporting requirements, deductions available, and penalties for non-compliance. It also provides a comparison of CSR practices in other countries and poses some questions for further discussion on interpreting certain aspects of India's CSR rules.
Corporate Social Responsibility BY LION DEEPAK BHATTACHARJEE DISTRICT GOVERNO...
This document discusses the history and evolution of corporate social responsibility (CSR) in India. It outlines four phases:
1) Pre-1850s: CSR focused on charity and philanthropy through religious causes and famine/epidemic relief.
2) 1850s-1947: Industrial families established trusts for education and development under Gandhi's influence.
3) 1960-1980: The mixed economy model and public sector development emerged alongside increased regulation.
4) Post-1980: Globalization encouraged CSR integration into business strategies and compliance with international standards.
The Companies Act of 2013 now mandates companies over certain thresholds to spend 2% of profits annually on CSR activities. The document also outlines a partnership for
Corporate Governance
Corporate governance is the system by which companies are directed and controlled. It involves balancing stakeholder interests and providing accountability. Good corporate governance provides transparency, accountability and independence. It benefits companies through growth, investor confidence, and increased share value. However, it also increases costs and can separate ownership from management.
CSR
This presentation summarizes a group's report on corporate social responsibility (CSR). It introduces the presenting group and outlines their presentation, which covers the definition of CSR, its basic constituents and fields of application in Bangladesh. The presentation discusses CSR principles and strategies, models of CSR, best practices in Bangladesh, arguments for and against CSR, and recommendations to improve CSR practices in Bangladesh such as green manufacturing and waste management projects.
Corporate Social Responsibilty and Sustainabilty by Rajesh Prasad, Chief Proj...
A power point presentation on CSR and Sustainabilty was made by Rajesh Prasad Chief Project Manager RVNL Kolkata on 05.12.13 during the Training and Workshop organised by TISS at Naora 50 kms from Kolkata
Assignment CSR and Marketing Approaches
The document discusses corporate social responsibility and strategies for integrating CSR with marketing. It first outlines three approaches to integration - the integrated approach, selective approach, and invisible approach. It then analyzes four social philosophies (utilitarianism, libertarianism, new liberalism, and communitarianism) and the approaches and issues they present for companies in defining their CSR strategies. Case studies are also examined that provide examples of how CSR policies can be developed and potential conflicts that may affect a company's strategy.
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Corporate Social Responsibility (CSR) refers to an organization's obligation to consider the interests of customers, employees, shareholders, communities, and the environment in its operations and decisions, beyond existing legal requirements. CSR is closely tied to sustainable development principles of making holistic long-term social and environmental decisions rather than only considering short-term profits. While CSR goes beyond charity through stakeholder impact assessment, Customer Relationship Management (CRM) refers to managing customer information and interactions to maximize loyalty through operational, collaborative, and analytical processes.
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This document defines corporate social responsibility (CSR) and outlines its key objectives and areas. CSR is defined as the voluntary reporting of qualitative and quantitative information by companies regarding employee welfare, environmental protection, health and safety measures. The objectives of CSR are to influence stakeholders and maximize return on investment. The five main areas of CSR covered are: environment protection, employee-related initiatives, product safety and energy usage, research and development, and community projects.
Corporate social responsibility: How economic is it to be socially responsible??
This document discusses corporate social responsibility (CSR). It defines CSR as companies managing business processes to have an overall positive social impact, and embracing responsibility for actions to encourage positive environmental, consumer, employee, community, and stakeholder impacts. CSR involves balancing economic, legal, ethical, and philanthropic responsibilities. The document outlines the historical development of CSR and key CSR issues. It discusses arguments for and against CSR, and provides an example of CSR practices at ITC Limited in India. In conclusion, it argues that while CSR limits profits, businesses impact many people and have a social responsibility to consider people and the planet, not just profits.
CSR final
This document discusses corporate social responsibility (CSR), including its definition, evolution over time, drivers, and examples in India. CSR is defined as how companies manage business processes to have an overall positive social impact. It has evolved from social stewardship in the 1950s-60s to global citizenship today. Key drivers of CSR include shrinking government roles, disclosure demands, investor pressure, and competitive markets. Major Indian companies like Tata, Infosys, and Mahindra have established CSR programs in areas like community health, education, and the environment. New legislation in India will require large companies to spend at least 2% of profits on social initiatives.
Review Analysis & Summary Report (H-CSR-Model) - Official Copy
The document provides an independent review and summary of the H-CSR model for corporate social responsibility reporting. It summarizes the key components of the H-CSR model, including defining CSR, the three pillars of principles, processes and products, measurement indicators, and aligning CSR strategy with organizational goals. The review provides analysis of each component and highlights some limitations, such as not addressing how to resolve conflicts between CSR objectives and strategy.
The CSR and Sustainability Glossary
The CSR and Sustainability Glossary is a simple, explanatory and helpful way to get acquainted with all the key terms surrounding Sustainability and CSR. It is a great educational and professional tool, which can be used to complement your knowledge of CSR and Sustainability.
We have developed this tool for everyone to use. With easy to understand terminology and links to portals, news sections, international organisations and guides, the CSR and Sustainability Glossary aims to give you an easy to grasp explanation of terms and their practical application in business. If you recently attended one of our training programs, this is a great complementary tool to help you fully comprehended the content and the practical application of Sustainability.
Concept CSR
we developing a training / coaching concept / programme under the working title GROWTW, which is dedicated to enhance the ability of managers to act with CSR...
Corporate Social Responsibility
This document discusses corporate social responsibility (CSR) in India. It defines CSR as corporations fulfilling their duty to care for society. It notes that the 2011 Companies Bill mandates that companies spend at least 2% of their average profits over the previous three years on CSR initiatives like eradicating hunger, promoting education, gender equality, and environmental sustainability. Only a few large companies like Tata Steel and ITC currently meet the 2% threshold. The document outlines pros of CSR like increased societal development and brand reputation, and cons like reduced profits and added burden on companies. It recommends making CSR mandatory while allowing tax deductions, and choosing between executive compensation and CSR spending.
Corporate Social Responsibility
Corporate Social Responsibility (CSR) refers to businesses being responsible for their impact on stakeholders and contributing to economic development while improving lives. CSR components include complying with laws, considering environmental and ethical issues, and respecting people. CSR responsibilities include shareholders, employees, consumers, and communities. Businesses benefit from CSR through reputation, relationships, employee satisfaction, and risk reduction.
Corporate Social Responsibilities
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
CSR
This document discusses corporate social responsibility (CSR). It defines CSR as a company's commitment to sustainable development and defines its basic constituents as contributing to sustainable economic development, making desirable social changes, and improving the social environment. The document outlines the types of social responsibilities companies have, including responsibilities toward society, government, employees, shareholders, and consumers. It also discusses models of CSR, benefits of CSR, best practices, and the need for CSR.
Corporate social responsibility
Corporate social responsibility (CSR) refers to steps companies take to operate in a way that considers its environmental and social impacts. CSR involves self-regulating businesses to monitor their adherence to ethical standards and impact on stakeholders. Factors like consumerism, globalization, and regulations affect CSR purposes. Advantages of CSR include aiding recruitment and retention, building brand differentiation, and gaining a "license to operate" by avoiding government interference. Barriers to CSR include a lack of leadership, short-term goals, and lack of support from governments and consumers. Tesco has implemented CSR initiatives like charitable donations, computer donations to schools, and youth sports sponsorships, though one campaign was criticized for improperly using a charitable trademark.
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The presentation looks at the current need of CSR in India and government measure to promote the CSR interest.
Mj csr hp
This document discusses the role and concepts of corporate social responsibility (CSR). It defines CSR as a company's commitment to operate ethically and contribute to sustainable development. The summary is:
CSR involves companies treating stakeholders responsibly, considering the impact of their actions on society, employees, communities and the environment. It emphasizes obligations beyond legal compliance and profit-making to include ethical, philanthropic and environmental responsibilities. Effective CSR requires identifying issues, planning projects with targets, implementing and monitoring in collaboration with communities and specialized organizations.
Corporate social responsibility
This document discusses corporate social responsibility (CSR). It defines CSR as a business's commitment to behave ethically and contribute to economic development while improving quality of life for employees, local communities, and society. The document notes that while some business practices like misleading ads or poor working conditions may increase profits, they have adverse societal effects. For long term success, businesses must act in socially responsible and ethical ways. It provides examples of companies implementing CSR programs around environmental protection, community development, and more.
Embedding the Principles of CSR from Responsibility to Sustainability
The session provided an in-depth understanding of the CSR compliance requirements in India as per the New Companies Act 2013. Key points discussed included:
- The evolution of CSR guidelines in India from voluntary to mandatory requirements.
- The New Companies Act 2013 mandates companies with over Rs. 1000 crore turnover to spend 2% of net profits on social and environmental projects.
- The Act aims to move companies beyond philanthropic donations to long-term impactful projects. It also focuses on internal ethical practices of companies.
- Requirements around CSR board/committee, CSR policy formulation, fund administration, eligibility of NGO partners, and reporting non-compliance were explained.
- Participants from various companies
Corporate social responsibility
The Following Presentation is a class project at Gems B School for class of "Principles of Management".
SOCIAL ENTERPRISE: THE NEW MODEL FOR CSR-vikasa
Bala Vikasa is positioning itself as a key player in this new dynamic of the Indian development story. Social accountability, ethical business and sustainable development are very important for business success today. Contemporary business is more than ever before evaluating its performance and deriving competitive advantage from tangible social attributes being prevalent throughout its business cycle. Companies are critically appraised by consumers, stakeholders, communities and government based on the demonstration of sustainability in their business performance.
Business today is seeking to promote its brand and social visibility, and engage with stakeholders in seeking social licenses. It is strategizing its corporate social responsibility aimed at business operations sustainability. However, business is yet to manifest its vital role as a partner with the community for social development.
11 business and social responsiveness
The document discusses corporate social responsibility and social responsiveness. It defines corporate social responsibility as relating to human rights, environmental, labor standards and community involvement. It also discusses the need for both statutory regulation and self-regulation by companies on social and environmental matters. Several voluntary global codes of conduct are mentioned, as well as non-governmental organizations that act as watchdogs for corporate social responsibility practices.
Corporate Social Responsibility
Corporate Social Responsibility (CSR) refers to voluntary actions that businesses take to operate in an economically, socially, and environmentally sustainable manner. CSR acknowledges that companies have a responsibility to various stakeholders, including employees, customers, investors, communities, and the environment. CSR involves businesses integrating social and environmental concerns into their operations and interactions with stakeholders on a voluntary basis.
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Assignment CSR and Marketing Approaches
The document discusses corporate social responsibility and strategies for integrating CSR with marketing. It first outlines three approaches to integration - the integrated approach, selective approach, and invisible approach. It then analyzes four social philosophies (utilitarianism, libertarianism, new liberalism, and communitarianism) and the approaches and issues they present for companies in defining their CSR strategies. Case studies are also examined that provide examples of how CSR policies can be developed and potential conflicts that may affect a company's strategy.
Corporate social responsibilty
Corporate Social Responsibility (CSR) refers to an organization's obligation to consider the interests of customers, employees, shareholders, communities, and the environment in its operations and decisions, beyond existing legal requirements. CSR is closely tied to sustainable development principles of making holistic long-term social and environmental decisions rather than only considering short-term profits. While CSR goes beyond charity through stakeholder impact assessment, Customer Relationship Management (CRM) refers to managing customer information and interactions to maximize loyalty through operational, collaborative, and analytical processes.
Corporate social responsibility 2
This document defines corporate social responsibility (CSR) and outlines its key objectives and areas. CSR is defined as the voluntary reporting of qualitative and quantitative information by companies regarding employee welfare, environmental protection, health and safety measures. The objectives of CSR are to influence stakeholders and maximize return on investment. The five main areas of CSR covered are: environment protection, employee-related initiatives, product safety and energy usage, research and development, and community projects.
Corporate social responsibility: How economic is it to be socially responsible??
This document discusses corporate social responsibility (CSR). It defines CSR as companies managing business processes to have an overall positive social impact, and embracing responsibility for actions to encourage positive environmental, consumer, employee, community, and stakeholder impacts. CSR involves balancing economic, legal, ethical, and philanthropic responsibilities. The document outlines the historical development of CSR and key CSR issues. It discusses arguments for and against CSR, and provides an example of CSR practices at ITC Limited in India. In conclusion, it argues that while CSR limits profits, businesses impact many people and have a social responsibility to consider people and the planet, not just profits.
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This document discusses corporate social responsibility (CSR), including its definition, evolution over time, drivers, and examples in India. CSR is defined as how companies manage business processes to have an overall positive social impact. It has evolved from social stewardship in the 1950s-60s to global citizenship today. Key drivers of CSR include shrinking government roles, disclosure demands, investor pressure, and competitive markets. Major Indian companies like Tata, Infosys, and Mahindra have established CSR programs in areas like community health, education, and the environment. New legislation in India will require large companies to spend at least 2% of profits on social initiatives.
Review Analysis & Summary Report (H-CSR-Model) - Official Copy
The document provides an independent review and summary of the H-CSR model for corporate social responsibility reporting. It summarizes the key components of the H-CSR model, including defining CSR, the three pillars of principles, processes and products, measurement indicators, and aligning CSR strategy with organizational goals. The review provides analysis of each component and highlights some limitations, such as not addressing how to resolve conflicts between CSR objectives and strategy.
The CSR and Sustainability Glossary
The CSR and Sustainability Glossary is a simple, explanatory and helpful way to get acquainted with all the key terms surrounding Sustainability and CSR. It is a great educational and professional tool, which can be used to complement your knowledge of CSR and Sustainability.
We have developed this tool for everyone to use. With easy to understand terminology and links to portals, news sections, international organisations and guides, the CSR and Sustainability Glossary aims to give you an easy to grasp explanation of terms and their practical application in business. If you recently attended one of our training programs, this is a great complementary tool to help you fully comprehended the content and the practical application of Sustainability.
Concept CSR
we developing a training / coaching concept / programme under the working title GROWTW, which is dedicated to enhance the ability of managers to act with CSR...
Corporate Social Responsibility
This document discusses corporate social responsibility (CSR) in India. It defines CSR as corporations fulfilling their duty to care for society. It notes that the 2011 Companies Bill mandates that companies spend at least 2% of their average profits over the previous three years on CSR initiatives like eradicating hunger, promoting education, gender equality, and environmental sustainability. Only a few large companies like Tata Steel and ITC currently meet the 2% threshold. The document outlines pros of CSR like increased societal development and brand reputation, and cons like reduced profits and added burden on companies. It recommends making CSR mandatory while allowing tax deductions, and choosing between executive compensation and CSR spending.
Corporate Social Responsibility
Corporate Social Responsibility (CSR) refers to businesses being responsible for their impact on stakeholders and contributing to economic development while improving lives. CSR components include complying with laws, considering environmental and ethical issues, and respecting people. CSR responsibilities include shareholders, employees, consumers, and communities. Businesses benefit from CSR through reputation, relationships, employee satisfaction, and risk reduction.
Corporate Social Responsibilities
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
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This document discusses corporate social responsibility (CSR). It defines CSR as a company's commitment to sustainable development and defines its basic constituents as contributing to sustainable economic development, making desirable social changes, and improving the social environment. The document outlines the types of social responsibilities companies have, including responsibilities toward society, government, employees, shareholders, and consumers. It also discusses models of CSR, benefits of CSR, best practices, and the need for CSR.
Corporate social responsibility
Corporate social responsibility (CSR) refers to steps companies take to operate in a way that considers its environmental and social impacts. CSR involves self-regulating businesses to monitor their adherence to ethical standards and impact on stakeholders. Factors like consumerism, globalization, and regulations affect CSR purposes. Advantages of CSR include aiding recruitment and retention, building brand differentiation, and gaining a "license to operate" by avoiding government interference. Barriers to CSR include a lack of leadership, short-term goals, and lack of support from governments and consumers. Tesco has implemented CSR initiatives like charitable donations, computer donations to schools, and youth sports sponsorships, though one campaign was criticized for improperly using a charitable trademark.
Corporate Social Responsibility
The presentation looks at the current need of CSR in India and government measure to promote the CSR interest.
Mj csr hp
This document discusses the role and concepts of corporate social responsibility (CSR). It defines CSR as a company's commitment to operate ethically and contribute to sustainable development. The summary is:
CSR involves companies treating stakeholders responsibly, considering the impact of their actions on society, employees, communities and the environment. It emphasizes obligations beyond legal compliance and profit-making to include ethical, philanthropic and environmental responsibilities. Effective CSR requires identifying issues, planning projects with targets, implementing and monitoring in collaboration with communities and specialized organizations.
Corporate social responsibility
This document discusses corporate social responsibility (CSR). It defines CSR as a business's commitment to behave ethically and contribute to economic development while improving quality of life for employees, local communities, and society. The document notes that while some business practices like misleading ads or poor working conditions may increase profits, they have adverse societal effects. For long term success, businesses must act in socially responsible and ethical ways. It provides examples of companies implementing CSR programs around environmental protection, community development, and more.
Embedding the Principles of CSR from Responsibility to Sustainability
The session provided an in-depth understanding of the CSR compliance requirements in India as per the New Companies Act 2013. Key points discussed included:
- The evolution of CSR guidelines in India from voluntary to mandatory requirements.
- The New Companies Act 2013 mandates companies with over Rs. 1000 crore turnover to spend 2% of net profits on social and environmental projects.
- The Act aims to move companies beyond philanthropic donations to long-term impactful projects. It also focuses on internal ethical practices of companies.
- Requirements around CSR board/committee, CSR policy formulation, fund administration, eligibility of NGO partners, and reporting non-compliance were explained.
- Participants from various companies
Corporate social responsibility
The Following Presentation is a class project at Gems B School for class of "Principles of Management".
SOCIAL ENTERPRISE: THE NEW MODEL FOR CSR-vikasa
Bala Vikasa is positioning itself as a key player in this new dynamic of the Indian development story. Social accountability, ethical business and sustainable development are very important for business success today. Contemporary business is more than ever before evaluating its performance and deriving competitive advantage from tangible social attributes being prevalent throughout its business cycle. Companies are critically appraised by consumers, stakeholders, communities and government based on the demonstration of sustainability in their business performance.
Business today is seeking to promote its brand and social visibility, and engage with stakeholders in seeking social licenses. It is strategizing its corporate social responsibility aimed at business operations sustainability. However, business is yet to manifest its vital role as a partner with the community for social development.
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Review Analysis & Summary Report (H-CSR-Model) - Official Copy
Review Analysis & Summary Report (H-CSR-Model) - Official Copy
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Embedding the Principles of CSR from Responsibility to Sustainability
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Topic 18 requires the use of one or more models for evaluating the marketing environment as well as, for example, the marketing mix for evaluating the marketing strategy of an organisation, and an appropriate model for evaluating its effectiveness.
The Packaging issue | Caffeine | ENG
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Level 1 CSR involves meeting basic legal and ethical standards and considering a company's social impacts. Level 2 looks at voluntary philanthropic activities like community development. Level 3 integrates CSR into the core business strategy through innovations that bring social and economic benefits.
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Corporate social responsibility
- 2. Corporate socialresponsibility cameintocommon useinthelast1960andearly1970 Corporate socialresponsibility is also know as corporate conscience , corporate responsiveness , social performance e.t.c Corporatesocialresponsibility : - emphasizes obligation and accountability to society corporate social responsiveness: - emphasizes action, activity corporate social performance : -emphasizes outcome result
- 3. Continue .. Corporate social responsibility (CSR) is process in which business negotiator their role in society CSR is to embrace responsibility to for company's action and encourage a positive impact through it activity on environment consumer ,employee , customer , stakeholder and other
- 4. Difference between CSR & charity Charity : - means donating money , goods, time or efforts -For poor and needy cause - It is selfless giving toward any kind of social need CSR : - It is hoe company align their value to social cause -It can be people centric or plant centric -It is not selfless act, company long term benefit from CSR
- 5. Csr in India According to the new companies bill 2013, it is mandatory for all the companies of a certain size to spend 2% of their 3 years average annual profit towards CSR. Every company that have net worth of Rs. 500 crore or more, or turnover of Rs. 1000 crore or more, or a net profit of Rs. 5 crore or more during any financial year fall under the norms of CSR.
- 6. Contd… It is estimated that around 8,000 companies would fall under the Bill's ambit and this mandate would translate into an estimated CSR spending of Rs 12,000-15,000 crore annually. The rules of CSR are proposed to be implemented from financial year 2014-2015.
- 7. Impotence of csr For Management For Society For Govt. For Employees For Environment
- 8. Contd… Society :- The most way in which scope of social responsibility can be viewed is term of social concern & promotion of common welfare programmer for the upliftment of poor & needful public Employee :-Aver increasing corporation social responsibility reflect the growing expectation of the employees about the growing role of company in society & the response of the companies toward community
- 9. Contd… Environment :-Many organizations like TATA,ITC& many more are helping people to harmonize with nature by reducing pollution social responsibility is not only improving the external environment which include improving quality of working life, reducing hazard in working place ,equality in environment e.t.c
- 10. Contd… Management:- corporate contribute eariler was limited to financial donation this way to more holistic approach as employee are now getting involved & companies likes GE,TATA, INFOOSYS e.t.c encourage their employee to give back to community who sustain their business
- 11. Advantage OF CSR Brand Differentiation Build Brand loyalty Reputation &Brand Attractivenes s Investment in ‘ethnical Brand equity New markets , products& services Business development License to operate Better management and conservation of strategic asset Better internal& external relationship
- 12. Thank you!
Editor's Notes
- 1.Corporate socail resposibility came in to commom use in the laste 1960 and early 1970 2 csr is also know as corporate consceience , corporate reponsiveness , social perforance e.t.c 3. csr:- emphasizes obligation and accountability to society 4.corporate socail responsiveness : emphasizes action , activety 5. corporate social performance :emphasizes outcome result