This document discusses the key steps involved in developing and implementing an effective corporate social responsibility (CSR) strategy and policy for businesses according to the Companies Act of 2013 in India. It outlines 9 steps: 1) Developing a CSR strategy and policy, 2) Operationalizing an implementation mechanism, 3) Conducting due diligence of implementation partners, 4) Developing project proposals, 5) Approving projects, 6) Finalizing arrangements with agencies, 7) Monitoring progress and reporting, 8) Measuring impact, and 9) Consolidating and communicating reports. The goal is for businesses to effectively contribute to social and economic development while improving lives and communities.

1. By . Vikrant Jagtap.

2.  Businesses have on Society at large and the
Societal expectations of them.
 The continuing commitment by business to
contribute to economic devlopment while
improving the quality of life of the workforce and
their families as well as the community and society
at large.
 The companies Act, 2013 has introduced the idea
of CSR to the forefront and through its disclose or
explain mandate, is greater transparency and
disclosure.
 Schedule of the Act , which lists out the CSR

3. Role of the board. Role of CSR committee
Form a CSR committee Three or more directors with at
least one independent director.
Approve the CSR policy Formulate and recommend a CSR
policy to the board
Ensure implementation of the
activties
under CSR
Recommend activities and the
amount of expenditure to be
incurred.
Ensure 2% spend Monitor the CSR policy from time
to time
Disclose reasons for not spending
the amount
(if applicable)

4. 1) Developing a CSR strategy &
policy
 CSR Strategy refers to what
company expects to achieve in the
next three to five years &
incorporates the vision , mission &
goles on a broader level.
 CSR policy refers to what the
company expects to achieve over
the next year. This is aligned
with the requirnments of the
companies Act, 2013.
2) Operationalising the
institutional
Mechanism.
 Self Execution through:
• an in – house CSR
department.
• a company foundation.
 Making grants to an
independent. implementation
partner
3) Due diligence of the
implementation partner.
 Competence of the
implementation partner.
identity, management,
accountability, transparency &
financial capability .
4) Project development.
 Developing a feasible project
proposal.
 Developing a framework to
identify key stakeholders.
 Conducting a needs
assessment to assess

5. 5) Project approval.
 Approve the project based on
the CSR policy objectives,
principles & guidelines.
 Identifying resource availability
& any specific organisational
requirnment
6) Finalising the arrangenment with
the
implementing agency.
 while working with an external
agency it is very important to enter
into a formal arrangement
‘Memorandum of Understanding’
7) Progress monitoring and
reporting.
 Determining the monitoring
schedule for each project, based
on the approved project proposal.
 It heighlites any slippages &
helps to determine a corrective
action that must be taken if need
be.
8) Impact Measurement.
 Measuring the outcome &
impact of the projects.
 Identifing the methods for
conducting the impact assessment
& outcome measurment suited to
the context.
9) Report consolidation and
communication.
 In the context of the Companies
Act, 2013 this is mandatory
requirenment as it provides crucial
inputes to preparing the directors