Corporate social responsibility practices in India outlines the key concepts of CSR. CSR refers to corporate accountability for social impact and involves environmental improvement, stakeholder responsiveness, and economic development. CSR follows a triple bottom line of people, planet, and profit. It has evolved from an ethical to stakeholder model over time. Benefits of CSR programs include attracting employees, reputation gains, and avoiding negative press. Indian law requires large companies to spend 2% of profits on CSR activities.

1. Corporate social
responsibility practices in
India
Presented by
SHIVANI J. JETHAVA
Department of business studies,
Sardar Patel university, Gujarat.

2. what is CSR?
• Corporate – means organised business
• Social – means everything dealing with people
• Responsibility – means accountability between the two
CSR is the way by which business creates shared value through
- environment improvement
- stakeholder responsiveness
- good governance
- economic development

3. Characteristic of CSR.
Multiple
stakeholder
orientation
Social and
economic
alignment
Beyond
philanthropy
Managing
externalities
CSR
voluntary
Practices
and value

4. CSR triple bottom line
Providing support
organization for social
cause community care
Health and
safety
environment
planet
profit
people

5. CSR hierarchy model
Ethical
model(1930
-50)
Statistical
model(19
50-70)
Liberalmod
el (1970-
90)
Stakeholder
model(1990-
present)

6. Benefit of CSR programme
• Attracting and retaining employee
• Increasing the corporate reputation
• Cost saving
• Brand value
• Can avoid negative press and customer boycotts
• Revenue increase from higer sales

7. CSR in india – timeline
• 27th feb 2014 – notification pronouncing CSR policy
• 27th feb 2014 – notification amending schedule vII
• 28th feb 2014 – notification implementing sec 135 and sch vII
• 31st mar 2014 – corrigenda explaining an entry sch Vii
• 18th jun 2014 – cir no 21/2014 on sch vII and certain activities
• 6th aug 2014 – inseration of new activity for CSR
• 15th may 2014 – guideline note issued by ICAI

8. Applicability of CSR provision in India
Annual
turnover of
1000 crore or
more
Net worth 500
crore or more
Net profit of 5
crore or moreCompani
es act
2013
if applicable, minimum 2% of average net profit to be spent on CSR
activities.

9. CSR committee
 next step after applicability
Role of director
• Form a CSR committee
• Approving a CSR policy
• Implementation
• Disclosure aspect
• Business responsibility report
CSR committee
• Three or more director with
atleast one independent
director
• Recommend activities
• Monitor CSR

10. CSR penalty provision
• Failure to disclose in the board’s report attracts minimum
fine of rs.50000 upto rs.25 lakhs to the company.
• Every officer in default is also punishable with
imprisonment for 3 years apart from fine too.

11. CSR practices of elecon engineering company
• They have been supporting the I.B. Patel English School and they
have been making contributions to Anoopam Mission – An NGO
• also adopted municipal school at GANA village.

12. Gujarat government owned Gujarat Narmada Valley Fertilisers &
Chemicals Ltd (GNFC) won the prestigious CMO Asia CSR Award
2017 in the category of Best CSR Practices for its approach to
planning Shared Value Creation oriented CSR activities. The award
recognizes the company's contribution in uplifting of downtrodden
women and girls by developing and implementing transparent,
sustainable and pragmatic socio-economic programs such as the
Neem Project

13. GNFC CSR activities
• Gujarat government owned Gujarat Narmada Valley Fertilisers & Chemicals Ltd
(GNFC) won the prestigious CMO Asia CSR Award 2017 in the category of Best CSR
Practices for its approach to planning Shared Value Creation oriented CSR
activities. The award recognizes the company's contribution in uplifting of
downtrodden women and girls by developing and implementing transparent,
sustainable and pragmatic socio-economic programs such as the Neem Project

14. Thank you