Corporate Social Responsibility (CSR) is about how companies manage their business processes to produce an overall positive impact on society. It covers sustainability, social impact and ethics on business interests and objectives. This presentation also gives a balancing view of the commercial interests of businesses and social & environmental obligations of a business enterprise.
The ISO 26000 standard defines CSR as:
an organization's responsibility for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior that:
- contributes to Sustainable Development, including health and the welfare of society;
- takes into account the expectations of stakeholders;
- is in compliance with applicable law and consistent with international norms of behavior;
- and is integrated throughout the organization and implemented in its relations.
The 6 core subjects listed by ISO 26000 are:
1. Human rights
2. Labor practices
3. The environment
4. Fair operating practices
5. Consumer issues
6. Community involvement and development
The presentation covers all aspects of CSR and provide adequate guidance on the principles and practices of CSR.
Power point used by Kai and Ibrahim during their presentation for the master of international business and corporate social responsibility in 2008 at de montfort University
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
Power point used by Kai and Ibrahim during their presentation for the master of international business and corporate social responsibility in 2008 at de montfort University
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
CSR in Global Context and in International BusinessNiña Mae Alota
This topic is composed of two topics - CSR in Global Context and CSR in International Business. The two topics have subtopics that discussed in the following slides. This will help you to know more on the welfare a corporation or business must have in order to preserve the dignity of humanity, living things, and the environment. It also discussed the effects of CSR both in globally and internationally.
Challenges Of Corporate Social ResponsibilityElijah Ezendu
Issues in development of workable corporate social responsibility strategy and resolution of awe-inspiring stance for championing effective governance.
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
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
Significance and Impact of Corporate Social Responsibility.pdfTEWMAGAZINE
Corporate Social Responsibility (CSR) has emerged as a cornerstone of modern business practices, reflecting a growing recognition of the broader societal impact of corporate activities
CSR in Global Context and in International BusinessNiña Mae Alota
This topic is composed of two topics - CSR in Global Context and CSR in International Business. The two topics have subtopics that discussed in the following slides. This will help you to know more on the welfare a corporation or business must have in order to preserve the dignity of humanity, living things, and the environment. It also discussed the effects of CSR both in globally and internationally.
Challenges Of Corporate Social ResponsibilityElijah Ezendu
Issues in development of workable corporate social responsibility strategy and resolution of awe-inspiring stance for championing effective governance.
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
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
Significance and Impact of Corporate Social Responsibility.pdfTEWMAGAZINE
Corporate Social Responsibility (CSR) has emerged as a cornerstone of modern business practices, reflecting a growing recognition of the broader societal impact of corporate activities
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.
Finance and professions totally are all dominant areas in business world, financial industry includes many more informations related to business organizations..
ABC is a costing system where indirect costs are assigned to products and services. The system establishes a relationship between overhead costs and production activities by allocating overhead costs to them with high precision. As a result, overhead costs are allocated more accurately based on their relevant activity levels. The system has eliminated the defects of the traditional/absorption costing system. ABC is used both as a planning tool and as a controlling instrument after the production is finished. ABC provides the basis for pricing decisions, inventory valuation, profitability analysis and overhead allocation. The system can effectively be used for both products and services.
Value Analysis (VA) is a tool (technique or method) that is used for improving the value of a product or a process of understanding its constituent components and their associated costs. It aims at finding improvements to the components by reducing their cost and increasing the value of the functions of a product or a service.
A critical advantage to using a VA is its potential for reducing costs, which is a benefit that permeates all advantages of the system.
A VA breaks-down a product or service into components, it enables you to analyze each component on its own, evaluating its features and functions in detail efficiency and effectiveness.
Microfinancing is a type of banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. The objective is uplifting the economic activity at the lowest strata of the population. The generation of economic activity would alleviate poverty through the creation of income and employment opportunities.
A VAT audit is the FTA’s assessment of a company about its responsibility as a taxable person. The audit ensures that a company has fully captured the input and output tax on its all vatable transactions. This audit is conducted to ensure that the tax liability is calculated correctly and paid in full within the stipulated timeframe. The FTA also assesses a company whether they are fulfilling all responsibilities that apply to its business as per the VAT law.
The FTA can conduct the audit within 5 years for any business, but in some circumstances, the FTA has the right to extend the time frame for the audit and record-keeping.
VAT Evasion or Fraud: Penalties & Precautions (The UAE Perspective)Ahmad Tariq Bhatti
Tax evasion or fraud refers to a case where a taxable person intentionally defrauds to pay less tax or no tax to the FTA that is lawfully due to him. With tax evasion, the taxpayer intentionally and deliberately misrepresents the tax liability to avoid paying higher taxes to the government. The government loses money as a result of this act. Therefore, the law imposes severe penalties to such taxable persons. The tax fraud necessarily includes an intention to not pay the tax. The FTA has to prove through fraud examination tests or techniques that the person held for tax evasion or fraud has been intentionally involved in this act.fraud
Life-cycle costing is a system that provides an estimate of all the costs and revenues attributable to a cost object (product, service, project or asset) from its development to its discarding or dis-lodging or discontinuing or removing or abandonment from the market.
Life-cycle costing can be applied to products, services, projects, or assets over the entire life-cycle in the market. The objective of life-cycle costing is to maximize returns over the entire life of a product, service, project or asset by minimizing costs and maximizing revenues through the application of planning, management, and controlling techniques.
Budgeting — A Framework for the Budgetary Controls SystemAhmad Tariq Bhatti
A budget is a formal statement of estimated income and expenses based on future plans and objectives. In other words, a budget is a document that management makes to estimate the revenues and expenses for an upcoming period based on their goals for the business.
A budget is basically a financial plan for a given period, normally a year. It greatly enhances the success of business undertaking.
Corporate budgets are essential for operating at cost efficiency. Aside from earmarking resources, a budget can also be helpful in setting goals, measuring outcomes and planning for contingencies.
This is a pictorial depiction of the life in Lahore during the British rule in the subcontinent. This was a time where the camera came into this region. The life and time were captured by many people during this era. We collected some of those pictures and presented them here for you. This presentation will go a long way in understanding the plight of common people especially the people who were living in the city of Lahore and its suburbs.
There is a saying, a picture is worth a thousand words. It is also believed, we are a reflection of the people who lived before us and the people coming after us will be a reflection of ours. It is also said, seeing is believing. These proverbs will come to your mind again and again while seeing this photo album.
The earliest picture starts in 1859 and the last one is around 1950, in this way more than 90 years have been covered. The photos are arranged in chronological order. We have rejected scores of photos only because the references were not available or were doubtful enough to be taken here.
We exercised due care and diligence in reporting the year of the photos, however, any mistake in writing the year of a photo is inadvertently mine, therefore, it should be excused. Any correction suggested by the viewers will be noted for the next editions.
Internal Control Questionnaires for Construction CompaniesAhmad Tariq Bhatti
Risk assessment and plugging them is key to the success of business processes. Construction companies are exposed to many kinds of risks. Correct identification of these risks is necessary for the management of such risks. We have prepared these risk assessment questionnaires from the perspective of construction companies. The coverage of issues is adequate. Hopefully, these questionnaires will be helpful in plugging key risks and drive successful business operations of construction companies. We welcome comments for improvements. Thank you.
Employee Assessment and Evaluation for Continuation of ServiceAhmad Tariq Bhatti
Trust Versus Performance Model explains the employee evaluation on the basis of two factors ie trust and performance. The model helps to retain employees on these two parameters of success.
Internal Controls are defined as a system of well designed procedures by a company’s management and top-level executives, to provide a substantial degree of assurance in achieving business objective, while complying with the policies and laws, safeguarding the assets, maintaining efficiency and effectiveness in regular operations and reliability of financial statements.
Internal Control Questionnaires are preliminary risk assessment procedures for the existence and working of the internal control system. These questionnaires are filled in the presence of the auditor. Ideally, an auditor reads these questions and a relevant area employee replies in yes or no based on his knowledge of the process.
The questionnaire is useful to determine which areas the audit should focus on more as compared to rest ones. When employees answer the questions, the auditor knows whether the company is keeping accurate records overall, and proper system of internal controls. The same area questions may be asked from different employees of the same area in order to keep the risk assessment fool proof.
Dengue or break-bone fever is a mosquito-borne disease that is caused by the biting of Dengue infected mosquito. Symptoms typically begin three to fourteen days after infection. This may include a high fever, headache, vomiting, muscle and joint pains, and a characteristic skin rash.
A customer-centric costing system that bases all cost workings for a product from its market price. The purpose is to reduce cost of a product as low as possible to arrive at a price that would be either equal to or less than that of competitors’ product while delivering the same functionality.
Capital Budgeting is about how one should evaluate the financing options based on the superior financial performance through mathematical techniques. These techniques have been discussed in the presentation in detail.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
4. 5
Reporting on CSR
Activities and Outcomes
of CSR Reporting
Relationship of CSR with
Sustainable Development and
the Concept of Corporate
Citizenship
Drafting a CSR Policy, Monitoring
and Controlling CSR activities,
Cost & Benefit Analysis and
Implementation
Examples, Benefits,
Framework and Triple
Bottom-line for CSR
Examples of CSR
Compliance and Stakeholder
Influence on CSR Compliance
Purpose, Scope,
Definitions, Brief History
and Importance of CSR
Drivers for CSR, Areas of
CSR Application and
Reducing Carbon Foot-Prints
1
2
3
4
6
7
4
5. The purpose of CSR is to return benefits to
the society, participate in philanthropic
causes, protect the environment from
various kinds of harmful effects of industrial
activity and demonstrate positive social
values.
The term CSR refers to the company's
practices and policies aimed at having a
positive impact on the world.
The key idea behind CSR is that in addition
to pursuing profit maximization, companies
must also pursue social and environmental
goals.
Purpose of CSR
5
6. Scope of CSR
► CSR has three pillars: economic, social, and
environmental. These three pillars are connected
with profit, people, and planet respectively
► At first, CSR focused on the social behavior of
businesses only. Later, it included in its scope, the
behavior of suppliers and the purpose of a product, as
well as how to dispose it off after it loses the utility or
value
6
7. CSR Definitions
Corporate Social Responsibility (CSR) is a management concept whereby
companies integrate social and environmental concerns in their business operations
and interactions with their stakeholders.
- United Nations, Industrial Development Organization
The European Commission defines CSR as, “the responsibility of
an entity for their impact on society.”
Continuing commitment by a business to behave ethically
and contribute to economic development while improving
the quality of life of the workforce and their families as
well as of the local community and society at large.
- World Business Council for Sustainable Development
7
8. Brief History of CSR
1. The term was officially introduced by an American economist, Howard Bowen, in 1953.
2. According to Bowen (1953), CSR is defined as, "the obligation of businessmen to pursue those
policies, to make those decisions or to follow those lines of action which are desirable in terms of
objectives and values of society.”
3. In 1971, the concept of “social contract” was introduced between businesses and society by the
Committee of Economic Development in USA.
4. In 1980s, CSR evolved as more and more organizations started accepting social interest in their
business practices.
5. In 1990s, CSR was approved widely across the industries.
6. In 1991, a professor at University of Pittsburgh, Donna J. Wood, wrote an article entitled as,
“Corporate Social Performance Revisited.” He provided a framework for assessing the impacts and
outcomes of CSR programs.
7. By early 2000s, CSR, became an essential strategy for companies such as, Wells Fargo, Coca-
Cola, Walt Disney and Pfizer.
8. Today, CSR has become an essential part of company reporting and has a legal acceptance all over
the world.
8
9. Importance of CSR
It is becoming increasingly important to have a socially conscious image of a
business organization.
Consumers, employees and other stakeholders prioritize CSR when choosing
a brand or a company. They are holding corporations accountable for effecting
social change with their business ideas, beliefs, norms, standards and
practices.
"A robust CSR program is an opportunity for companies to demonstrate their
good corporate citizenship and protect the company from outsized risk by
looking at the whole social and environmental sphere that surrounds the
company."
- Jen Boynton, CEO of B Targeted Marketing Co.
9
10. Benefits
of CSR
4. Increasing access to funding
opportunities
5. Attracting, retaining & maintaining a
talented workforce
3. Better brand recognition &
positive business reputation
2. Saving money on energy &
operating cost
1. Increasing customer retention
6. Enhancing working relationship with
all stakeholders
7. Attracting new and retaining
existing business
8. Increasing influence in the
industry through meeting CSR
9. Increasing sales through greater
customer loyalty
10. Boosting morale of employees
10
12. 12
Carroll’s Pyramid of CSR
Philanthropic
Responsibilities
Be a Good
Corporate Citizen
(Desired by
Society)
Ethical Responsibilities
Follow Ethics in doing
Business
(Expected by Business
Partners & Society)
Legal Responsibilities
Obey Laws & Regulations
(Required by Law Enforcement
Agencies & Society)
Economic Responsibilities
Be profitable – basic requirement of a business
enterprise
(Required by Stakeholders)
Archie B. Carroll developed in 1991,
the pyramid of CSR, which explains
what CSR is and why companies
participate in CSR.
This pyramid is useful in explaining the
motives for CSR, which are shown in the
pyramid. The four levels of the pyramid
reflect a company’s reason to engage in
CSR.
The purpose of the pyramid is to point
out the defining aspects of CSR and
explain the basic components of the
four-part framework.
13. Formulate
Environm
ent
conservat
ion
Philant
hropy
Evaluate
Monitor
Analysis &
Reporting
Explain
Areas of
CSR
Compliance
• Donations & charities
• Recycling production and industrial wastes
• Conserving energy through use of latest
technology
• Organizing re-forestation campaigns
• Using environment-friendly technologies
• Separate Codes of conduct for both
company and its employees
Environment
Conservation
Philanthropy
Ethical
Concerns &
Practices
Volunteerism
• Sponsorships
CSR means that the protection of the
environment and the promotion of
social welfare should be prioritized
like the legal requirements in the
course of conducting business.
13
14. A good corporate citizen refers to a company that is guided by strict ethics and ethical
standards in the execution of daily business.
It includes balancing all stakeholders’ needs and interests (like wealth maximization,
profits, returns, share price increase) with those of society and the environment. It is fully
aware of the environmental impact of its business operations.
Good corporate citizenship establishes a positive brand image – people want to do
business with companies that are respected for fulfilling their social and environmental
responsibilities. In addition, they want to be part of a company that is willing to voluntarily
lend a hand and help our society face difficult social and environmental issues.
In companies that invest time and money in ethical and socially responsible behaviors,
employee morale tends to be higher, and these behaviors directly affect employee
performance and loyalty.
Good Corporate Citizenship
14
15. Examples of CSR Compliance
1. Reducing carbon footprints
2. Controlling emissions to soil, water and air
3. Not allowing child and bonded labor
4. Helping people during a massive and devastative earthquake
5. Helping flood victims by sending food, blankets, medicines, camps, etc.
6. Improving labor policies and working standards
7. Ensuring ethical compliance by all employees through a code of conduct
8. Minimizing industrial effluents and disposing them properly
9. Allowing the fair trade practices
10. Charitable giving
11. Giving scholarships to needy students
12. Making the production of a company environment friendly
13. Recycling industrial wastes and eliminating their harmful effects
14. Volunteering in the community welfare projects
15. Sponsoring a game event for promoting games
16. Devising corporate policies that benefit the environment
17. Participating in go-green drives by planting trees
18. Holding seminars and events for promoting environment protection
19. Making socially and environmentally conscious investments
15
16. Sustainable Development
16
PLANET PROSPERITY PARTNERSHIP
PEOPLE PEACE
Sustainability and corporate social responsibility are closely related business concepts that have greatly
affected corporate governance. Sustainable business development involves the use of socially and
environmentally responsible and efficient operating practices along with achieving the target profitability.
Sustainable business development depends on strong partnerships with all groups concerned with
social and environmental issues
17. 17
Agenda 2030 for Sustainable Development
United Nations Department of Economic and Social Affairs
Courtesy: DESA, UN
18. Five Factors that
Promote Sustainable
Business Growth
3
1
2
4
5
The ability of a
business enterprise to
generate and build its
positive image and
reputation in a society
Maintaining a
consistent customer
appeal through social
works and
environment friendly
measures along with
making profits
Retaining highly
skilled workforce
through their
satisfaction and
following high ethics
Maximizing returns of
the shareholders
through a better
financial performance.
More investors will be
attracted on seeing a
healthy bottom-line
Promoting strong
customer and social
relationships.
Community-based
service events, give
a business greater
recognition and
positive associations
with its potential
customers.
Sustainable
Business Growth
Through CSR
18
19. Effective
Discharge
of CSR
Management
of Brand
Image &
Corporate
Reputation
Good
Corporate
Citizenship
Benefits,
Practices &
Principles
Environmental
Stewardship
Diversity
&
Inclusivity
Governance
related to
Social &
Environmental
Issues
19
20. "The way a corporation achieves
a balance among its
economic, social, and
environmental responsibilities in
its operations so as to address
shareholder and other
stakeholder expectations.“
- International Standardization Organization
20
The triple bottom line (3B/L or TB/L) is a report on the impact of a business performance on the
economy, society, and environment. Furthermore, it is used to describe the integration of social and
environmental issues and concerns into a business’s decisions, goals, and operations.
Economic responsibility is to maximize shareholders’ wealth through increasing profits and protecting
the rights of all stakeholders, social responsibility is to obey the laws and follow ethical standards in the
conduct of the business, and environmental responsibility is to protect the environment in which a
business enterprise operates.
21. Top 10 Companies with the Best CSR Reputation
1. Rolex
2. Lego
3. Disney
4. Adidas Group
5. Microsoft
6. Sony
7. Cannon
8. Michelin
9. Netflix
10. Bosch Report 2018-19
https://youmatter.world
21
22. The
Pressure
of Social
Groups
The Potential
for a
Competitive
Advantage
The
Threat of
Media
Groups
Customer
Requirements
The Extent
of Costs &
Investment
Involved
Legal &
Ethical
Requirements
Drivers for CSR Compliance
22
23. Carbon footprint is the amount of carbon dioxide released into the atmosphere as a result of the
activities of an individual, an organization or a community.
Reducing the Carbon Footprints
Sources of Carbon Emissions
23
24. CSR Analysis
24
Sustainable
Development
Stakeholders’
Role in the
Implentation of
CSR
Business Social
Responsibility
Responsible
Business
It pertains to people and organizations
behaving and
conducting business ethically and with
the sensitivity towards social, cultural,
economic, and environmental issues.
Businesses that
practise CSR and sustainable
development need to operate in ways
that are respectful to the general
population and their surrounding
environment.
A responsible business is
essentially one that benefits
society by eliminating the negative
impacts it might have on society,
people and planet.
Stakeholders play a key role in
the decision making process
when businesses decide to
engage in CSR projects.
CSR is about a business approach to sustainable development by delivering economic,
social and environmental benefits. It encapsulates the initiatives by which a company
takes responsibility for its effect on social and environmental well-being.
25. Business Social Responsibility
25
Local Community General Public Employees or Workers Government and
Administrative Bodies
Environment Shareholders or Investors Consumers or
Customers
26. Stakeholders Influence on CSR Activity
26
Government bodies looking after CSR activities
and ensuring compliance with the laws related with
it.
Customers have policies to buy from companies
that fulfill their CSR efficiently and effectively.
Suppliers may be more interested to sell their
goods to a company that has robust system for
CSR compliance
Investors would be more inclined towards a
company that enjoys better reputation with all
internal and external stakeholders and have fulfilled
its CSR.
1 3 4
2
1
2
3
4
27. 27
Soil management, enteric fermentation,
and manure management from livestock
are the largest sources.
Agriculture
11%
According to a report, the five industry categories
of paper, food, petroleum refineries, chemicals
and metal/mineral products are responsible for
contributing the most greenhouse gases.
Industrial Processes
6%
Agriculture, livestock-raising, deforestation
and the conversion of forest lands all
contribute to substantial carbon emissions..
Land Change & Forestry
6%
Energy production and consumption of all
types accounts for 72 percent of all
emissions. Hence, it is the biggest source
of carbon emissions into the atmosphere.
Energy Production & Consumption
72%
Carbon Emissions Report, 2017
According to a 2017 report by the World Resources
Institute (https://www.c2es.org), energy production and
consumption are the largest sources of carbon emissions
into the atmosphere. It is 72% of the total emissions from
all sources. The breakdown of energy-related carbon
emissions is as follows.
• Electricity and heat 31%
• Transportation 15%
• Manufacturing and construction 12.4%
• Other fuel consumption 8.4%
• Fugitive emissions 5.2%
28. An Example of a CSR Policy
Our company’s CSR policy outlines our efforts to give back to the world.
Scope
This policy applies to our all group companies. It can also refer to suppliers and partners.
Policy Elements
We want to be a responsible business that meets the highest standards of ethics and professionalism in the conduct of the business. Our
company’s social responsibility falls under two categories: compliance and pro-activeness. Compliance refers to our company’s
commitment to legality and willingness to observe community values. Whereas pro-activeness refers to the participation of our company in
every event that promotes human rights, helps communities and protects our natural environment.
Compliance
A: Legal
Our company will:
1. Respect the law
2. Honor its internal policies
3. Ensure that all its business operations are legitimate
4. Keep every partnership and collaboration open and transparent
B: Business Ethics
We’ll always conduct business with integrity and respect to human rights. We’ll promote:
1. Safety and fair dealing
2. Respect toward the consumer
3. Anti-bribery and anti-corruption practices
28
29. Monitoring CSR
The following is the step-by-step approach for monitoring a CSR program:
Break down the CSR goals into categories. Some classes include philanthropy,
labor practices, social practices and environmental efforts. It is easy to track how
much time and money is invested into each of these categories.
Track the success of these investments, look for measurable KPIs. How much has
the carbon footprint of the company changed? How many people were reached by
a charitable effort? While doing these things, continue to check the changes
related to each class, and keep an eye on public perception of which issues are
most important?
Take public feedback through surveys about the effectiveness of CSR policies,
practices and goals. Examine reports of the environmental reporting agencies
about the common violations of environmental laws in the area it operates.
Recommend corrective actions based on the results of the feedback from public.
29
30. 30
CSR Report
Purpose
Reporting to the internal
stakeholders
Reporting to external
stakeholders
Reporting to potential
investors
Feedback surveys &
reports
Contents of a CSR report.
Standardized vs
personalized CSR report
Is CSR report mandatory?.
Benefits of a CSR report.
1
3
2
8
9
5
4
7
6
31. 31
Monitoring & Evaluation
of a CSR Project
A CSR assessment is the monitoring and evaluation of
how well a company has integrated the principles
of CSR into its business. The aim of the assessment is to
get a clear picture of the CSR practices (i.e., environment,
social, ethics, supply chain).
Needs an
Initial
Assessment
Monitoring
& Evaluation
Midterm
Assessment
How a CSR program fits to
the needs of a business
enterprise?
01
The operational design of a
project, its CSR objectives and
means of monitoring &
evaluation.
02
The assessment of initial conditions
before the start of a CSR project.
04
The assessment of indicators during
implementation of a CSR project.
05
Steps for monitoring &
evaluation of CSR activities.
03
Measuring indicators upon
completion of a CSR project and
sharing the results of such
implementation with the
stakeholders. .
06
Indicators
Basic
Assessment
Final
Evaluation
& Sharing
of results