Corporate Social Responsibility (CSR) refers to companies integrating social and environmental concerns into their business operations and interactions with stakeholders. CSR goes beyond philanthropy and compliance to operating in a way that contributes to sustainable development. The document outlines the meaning and reasons for CSR, models of CSR, principles and strategies for CSR implementation, and the regulatory framework for CSR in India, including requirements for Indian companies to constitute a CSR committee and spend at least 2% of net profits on CSR activities.
The document discusses corporate social responsibility (CSR) in India as mandated by the Companies Act 2013. Some key points:
- CSR refers to companies integrating social and environmental concerns into their business operations and interactions with stakeholders. It goes beyond charity to encompass how a company conducts business.
- The Companies Act requires companies meeting certain criteria to constitute a CSR committee and spend at least 2% of average net profits of the past three years on eligible CSR activities.
- Eligible activities include eradicating hunger, promoting education, gender equality, environmental sustainability etc. as specified in a schedule of the Act.
- Companies must formulate a CSR policy and reporting mechanisms to monitor spending and activities. Non
Corporate Social Responsibility (CSR) refers to a company's initiatives to assess and take responsibility for the company's effects on the environment and impact on social welfare. The key requirements for Indian companies include having a CSR committee and policy, spending at least 2% of the company's average net profits over the past three years on social projects outlined in Schedule VII of the Companies Act 2013, and reporting on CSR activities and expenditures. Companies must report reasons for any failure to meet the 2% spending threshold. Prescribed social activities include eradicating hunger, promoting education, healthcare, gender equality, and environmental sustainability.
This document discusses corporate social responsibility (CSR). It defines CSR as companies voluntarily contributing to society through business activities and social investments. CSR involves integrating social, environmental and economic goals. The document outlines various models of CSR, including Carroll's model of economic, legal, ethical and philanthropic responsibilities. It discusses the need for CSR to reduce social costs, enhance employee performance and improve public image. The document also lists common CSR activities and responsibilities towards stakeholders like shareholders, employees, and society.
The document discusses the concepts of corporate social responsibility and sustainable development. It provides definitions of CSR, outlines why businesses have a social responsibility, and describes models for implementing CSR. Key points include that CSR involves businesses balancing economic, legal, ethical and environmental responsibilities and pursuing policies that are desirable for society. The document also discusses laws in India mandating CSR for large companies and gives examples of CSR activities businesses undertake. It defines sustainable development and the UN's 17 sustainable development goals. The triple bottom line approach and 3 P's of CSR - profit, people, planet - are also summarized.
Corporate Social responsibility (CSR) involves businesses taking responsibility for their impact on society beyond short-term profits. CSR requires companies to integrate social and environmental concerns into their operations and interactions with stakeholders. The Companies Act of 2013 in India mandates that large companies spend 2% of their net profits on CSR activities focused on issues like poverty, education, health, environment and vocational skills as specified in Schedule VII of the Act. CSR goes beyond donations and requires firms to conduct business through processes and strategies that visibly contribute to social good.
Topic 6 -Corporate Social Responsibility.pptxyahyamuthamia
This document discusses corporate social responsibility (CSR) and defines it as a business's commitment to operate in an economically, socially, and environmentally sustainable manner. It presents definitions of CSR from various organizations and scholars. It also outlines Carroll's pyramid of CSR, which categorizes a business's responsibilities as economic, legal, ethical, and discretionary/philanthropic. The document further discusses models of CSR and links it to corporate governance, stating that CSR refers to how companies manage their impacts on stakeholders beyond legal obligations.
Corporate social responsibility (CSR) refers to a company's commitment to operate in an economically, socially, and environmentally sustainable manner. CSR involves companies integrating social and environmental concerns into their business operations and interactions with stakeholders like employees, customers, investors, and local communities. The document traces the development of CSR from the 1950s to present day and outlines the types of CSR activities companies engage in as well as the benefits of CSR programs. It also discusses CSR in India and concludes that CSR is important for companies to contribute to society and gain benefits like improved brand image and competitive advantages.
The document discusses corporate social responsibility (CSR) in India as mandated by the Companies Act 2013. Some key points:
- CSR refers to companies integrating social and environmental concerns into their business operations and interactions with stakeholders. It goes beyond charity to encompass how a company conducts business.
- The Companies Act requires companies meeting certain criteria to constitute a CSR committee and spend at least 2% of average net profits of the past three years on eligible CSR activities.
- Eligible activities include eradicating hunger, promoting education, gender equality, environmental sustainability etc. as specified in a schedule of the Act.
- Companies must formulate a CSR policy and reporting mechanisms to monitor spending and activities. Non
Corporate Social Responsibility (CSR) refers to a company's initiatives to assess and take responsibility for the company's effects on the environment and impact on social welfare. The key requirements for Indian companies include having a CSR committee and policy, spending at least 2% of the company's average net profits over the past three years on social projects outlined in Schedule VII of the Companies Act 2013, and reporting on CSR activities and expenditures. Companies must report reasons for any failure to meet the 2% spending threshold. Prescribed social activities include eradicating hunger, promoting education, healthcare, gender equality, and environmental sustainability.
This document discusses corporate social responsibility (CSR). It defines CSR as companies voluntarily contributing to society through business activities and social investments. CSR involves integrating social, environmental and economic goals. The document outlines various models of CSR, including Carroll's model of economic, legal, ethical and philanthropic responsibilities. It discusses the need for CSR to reduce social costs, enhance employee performance and improve public image. The document also lists common CSR activities and responsibilities towards stakeholders like shareholders, employees, and society.
The document discusses the concepts of corporate social responsibility and sustainable development. It provides definitions of CSR, outlines why businesses have a social responsibility, and describes models for implementing CSR. Key points include that CSR involves businesses balancing economic, legal, ethical and environmental responsibilities and pursuing policies that are desirable for society. The document also discusses laws in India mandating CSR for large companies and gives examples of CSR activities businesses undertake. It defines sustainable development and the UN's 17 sustainable development goals. The triple bottom line approach and 3 P's of CSR - profit, people, planet - are also summarized.
Corporate Social responsibility (CSR) involves businesses taking responsibility for their impact on society beyond short-term profits. CSR requires companies to integrate social and environmental concerns into their operations and interactions with stakeholders. The Companies Act of 2013 in India mandates that large companies spend 2% of their net profits on CSR activities focused on issues like poverty, education, health, environment and vocational skills as specified in Schedule VII of the Act. CSR goes beyond donations and requires firms to conduct business through processes and strategies that visibly contribute to social good.
Topic 6 -Corporate Social Responsibility.pptxyahyamuthamia
This document discusses corporate social responsibility (CSR) and defines it as a business's commitment to operate in an economically, socially, and environmentally sustainable manner. It presents definitions of CSR from various organizations and scholars. It also outlines Carroll's pyramid of CSR, which categorizes a business's responsibilities as economic, legal, ethical, and discretionary/philanthropic. The document further discusses models of CSR and links it to corporate governance, stating that CSR refers to how companies manage their impacts on stakeholders beyond legal obligations.
Corporate social responsibility (CSR) refers to a company's commitment to operate in an economically, socially, and environmentally sustainable manner. CSR involves companies integrating social and environmental concerns into their business operations and interactions with stakeholders like employees, customers, investors, and local communities. The document traces the development of CSR from the 1950s to present day and outlines the types of CSR activities companies engage in as well as the benefits of CSR programs. It also discusses CSR in India and concludes that CSR is important for companies to contribute to society and gain benefits like improved brand image and competitive advantages.
This document discusses business ethics, social responsibility, and environmental sustainability as it relates to strategic management. It provides examples of unethical business practices like misleading advertising and environmental harm. It emphasizes the importance of establishing a clear code of business ethics and developing an ethics culture within an organization. It also addresses issues like bribery, social responsibility, social policy, and policies around retirement as they relate to strategic management.
1. Social responsibility is concerned with how organizations consider both internal and external stakeholders. It involves conducting business in an ethical manner and giving back to the community through activities like providing safe products, services, and donating profits.
2. Social audits are used to evaluate corporate social responsibility and involve systematically assessing an organization's social impact and reporting on relevant issues across areas like pollution control, training, and minority promotion. However, determining spending amounts and presenting collected data accurately can be difficult challenges.
3. Ethics refer to moral principles that guide behavior. Organizations can establish ethics codes, involve ethics committees, and provide ethics training to implement ethical concepts and raise standards of conduct.
This document discusses corporate social responsibility and business ethics. It defines CSR as a management concept where companies balance social, environmental, and economic concerns with stakeholder expectations. CSR has 7 characteristics - it concerns social prestige, applies to private and public sectors, balances individual and social interests, is continuous, is two-way between companies and societies, has a spirit of trusteeship, and is essential for business growth. The document also outlines the importance of CSR, including satisfied employees, stakeholder commitment, long-term trust, cost reductions, and new business opportunities. It defines business ethics as proper treatment of employees, owners, and the public, and notes ethics improve decision-making, unite organizations, satisfy human needs, and secure societies.
The document summarizes the key provisions around corporate social responsibility (CSR) in the Companies Act of 2013 in India. It outlines that companies meeting certain profit or turnover thresholds will need to constitute a CSR committee and spend at least 2% of their average net profits on qualifying social projects. It also analyzes some ambiguities and issues around political contributions qualifying as CSR, tax benefits for CSR spending, and potential loopholes like profit shifting to avoid the requirements. In conclusion, it argues that CSR should no longer be seen as just philanthropy but as a real responsibility of companies.
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.
This document discusses corporate social responsibilities (CSR). It provides several definitions and explanations of CSR. CSR is defined as a process by which companies manage their relationships with stakeholders to have a positive social impact. It involves using business strategies and processes to integrate economic, environmental and social objectives. CSR goes beyond legal obligations and involves voluntarily improving communities and society. Companies are expected to consider how their actions affect others and the environment. The document outlines the various dimensions of CSR including economic, legal, ethical, philanthropic and environmental responsibilities. It discusses the role of CSR in India including relevant laws and examples of CSR programs implemented by major Indian companies.
The document discusses the concept of corporate social responsibility (CSR). It defines CSR as a corporation's responsibility to consider the interests of its stakeholders, including shareholders, employees, customers, and the local community. The document outlines several theories of social responsibility, such as maximizing profits, moral minimum, stakeholder interest, and corporate citizenship. It also discusses drivers of CSR, key components like strategic partnerships and stakeholder engagement, and strategies corporations can take to implement CSR, from reactive to proactive. The overall document provides a comprehensive overview of the concept of CSR.
CORPORATE SOCIAL RESPONSIBILITY_fda0741469d29a7ff863ec5a3f1b9072.pptxitech2017
The document outlines corporate social responsibility (CSR) requirements for companies in India according to the Companies Act of 2013. It defines CSR as activities that benefit society and the environment, such as education programs, environmental conservation, and healthcare. The Act requires companies meeting certain criteria to establish a CSR committee and policy and spend at least 2% of their net profits on qualifying CSR activities. It provides guidance on governance, eligible activities, spending and reporting requirements to ensure companies conduct ethical business practices and contribute to social welfare.
The document discusses corporate social responsibility (CSR). It defines CSR as voluntary actions companies take to improve social and environmental conditions. Examples include reducing carbon footprints, supporting communities, and ensuring fair labor practices. The goal of CSR is to positively impact society while enhancing reputation and profits. Many consumers and investors now support socially responsible companies, making CSR an important business strategy.
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
This document defines corporate social responsibility (CSR) and corporate citizenship. It discusses how CSR involves companies operating in a socially and environmentally responsible manner. The document provides examples of CSR activities, discusses why companies implement CSR strategies, and outlines the impacts of CSR. It also provides an example of Starbucks' long-standing CSR efforts and discusses India's CSR requirements for companies.
This document discusses corporate social responsibility (CSR). It defines CSR as voluntary actions businesses take over legal minimum requirements to address competitive interests and societal interests. CSR considers economic, legal, ethical and philanthropic expectations societies place on organizations. The document outlines reasons for and against CSR. It presents models for the different faces and components of CSR responsibilities. Finally, it provides examples of CSR strategies by Cadbury India and Volkswagen.
This document discusses corporate social responsibility (CSR). It defines CSR as voluntary actions businesses take over legal minimum requirements to address competitive interests and societal interests. CSR considers economic, legal, ethical and philanthropic expectations societies place on organizations. The document outlines reasons for and against CSR. It presents models for CSR including its four faces, four components and Carroll's CSR pyramid. The document concludes by providing examples of CSR strategies from Cadbury and Volkswagen.
Corporate citizenship involves meeting legal, ethical, and economic responsibilities to shareholders and society. It encompasses social responsibility, social responsiveness to stakeholders, and social performance outcomes. Companies are motivated by both internal drivers like reputation and values, and external pressures from customers, laws, and communities. Embracing corporate citizenship can improve relationships with employees and customers, enhance business performance, and support marketing efforts. [/SUMMARY]
This document discusses the concepts and history of corporate social responsibility (CSR). It defines CSR as companies voluntarily contributing to society and the environment through business activities and social investments. The concept of CSR gained popularity in the 1990s when a German pharmaceutical company implemented CSR strategies to differentiate itself. The document outlines the economic, legal, ethical, and discretionary responsibilities that make up CSR and examines arguments for and against companies adopting CSR practices. It concludes that CSR should demonstrate a commitment to societal values by addressing issues caused by business operations.
This document discusses corporate social responsibility (CSR) in India. It provides definitions of CSR, outlines the history of CSR regulations in India, and summarizes key aspects of the CSR requirements under the Companies Act of 2013 such as the constitution of CSR committees, development of CSR policies, specification of approved CSR activities, and advantages and disadvantages of CSR. The types of projects eligible for CSR spending are also defined. In conclusion, the document states that CSR involves sustainability across environment, social and business dimensions, and that the law and its implementation are now mandated in India.
Corporate social responsibility (CSR) aims to ensure companies conduct business in an ethical manner by considering their social, economic, and environmental impacts. CSR involves companies providing value to society through initiatives that assess and take responsibility for their effects on the environment and impacts on social welfare. The concept of CSR emerged in the late 1960s and grew in the 1980s as business and social interests converged, making firms more responsive to stakeholders. CSR activities can include caring for human rights, partnering with communities, contributing to society's welfare and development through investments and relationships with employees/customers. The importance of CSR includes protecting consumers, promoting good employer-employee relations, assisting the government, and attracting customers, staff, and investors who prefer socially
This document discusses definitions and types of corporate social responsibility (CSR). It provides 3 main definitions of CSR: 1) the relationship between corporations, governments, and individuals, 2) the relationship between a corporation and the local society it operates in, and 3) the relationship between a corporation and its stakeholders. While there is no universal definition, CSR generally refers to ethical and transparent business practices that respect people, communities, and the environment beyond just making profits. The document then discusses types of CSR activities like philanthropy and environmental sustainability practices. It provides examples of specific CSR practices corporations can implement, such as social auditing, sustainability reporting, and ethical accounting statements.
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can integrate social and environmental concerns into their business operations and interactions with stakeholders.
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can approach it through various frameworks and real-world case studies.
Este documento presenta un resumen de 3 oraciones o menos:
El documento presenta un análisis de la situación de Molitalia S.A., incluyendo su historia, portafolio de productos, clientes y socios clave. Luego, analiza el principal problema de la empresa que es el impacto de las fallas de mantenimiento en la planificación de operaciones y propone cuatro alternativas de solución como rediseñar procesos, mejorar la gestión de repuestos, capacitar al personal y monitorear mediante indicadores. Finalmente, present
Este documento presenta el Plan Operativo 2023 de la Dirección Regional de Comercio Exterior y Turismo de Ayacucho. Incluye información sobre el Plan Estratégico Regional Exportador de Ayacucho 2025, el Plan de Desarrollo Regional Concertado 2021-2024, y los principales productos de agroexportación e artesanales de la región como la palta, quinua y café. Detalla objetivos, indicadores, metas, actividades planificadas y estadísticas sobre volumen y valor de exportaciones de estos productos, así como sus principales merc
This document discusses business ethics, social responsibility, and environmental sustainability as it relates to strategic management. It provides examples of unethical business practices like misleading advertising and environmental harm. It emphasizes the importance of establishing a clear code of business ethics and developing an ethics culture within an organization. It also addresses issues like bribery, social responsibility, social policy, and policies around retirement as they relate to strategic management.
1. Social responsibility is concerned with how organizations consider both internal and external stakeholders. It involves conducting business in an ethical manner and giving back to the community through activities like providing safe products, services, and donating profits.
2. Social audits are used to evaluate corporate social responsibility and involve systematically assessing an organization's social impact and reporting on relevant issues across areas like pollution control, training, and minority promotion. However, determining spending amounts and presenting collected data accurately can be difficult challenges.
3. Ethics refer to moral principles that guide behavior. Organizations can establish ethics codes, involve ethics committees, and provide ethics training to implement ethical concepts and raise standards of conduct.
This document discusses corporate social responsibility and business ethics. It defines CSR as a management concept where companies balance social, environmental, and economic concerns with stakeholder expectations. CSR has 7 characteristics - it concerns social prestige, applies to private and public sectors, balances individual and social interests, is continuous, is two-way between companies and societies, has a spirit of trusteeship, and is essential for business growth. The document also outlines the importance of CSR, including satisfied employees, stakeholder commitment, long-term trust, cost reductions, and new business opportunities. It defines business ethics as proper treatment of employees, owners, and the public, and notes ethics improve decision-making, unite organizations, satisfy human needs, and secure societies.
The document summarizes the key provisions around corporate social responsibility (CSR) in the Companies Act of 2013 in India. It outlines that companies meeting certain profit or turnover thresholds will need to constitute a CSR committee and spend at least 2% of their average net profits on qualifying social projects. It also analyzes some ambiguities and issues around political contributions qualifying as CSR, tax benefits for CSR spending, and potential loopholes like profit shifting to avoid the requirements. In conclusion, it argues that CSR should no longer be seen as just philanthropy but as a real responsibility of companies.
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.
This document discusses corporate social responsibilities (CSR). It provides several definitions and explanations of CSR. CSR is defined as a process by which companies manage their relationships with stakeholders to have a positive social impact. It involves using business strategies and processes to integrate economic, environmental and social objectives. CSR goes beyond legal obligations and involves voluntarily improving communities and society. Companies are expected to consider how their actions affect others and the environment. The document outlines the various dimensions of CSR including economic, legal, ethical, philanthropic and environmental responsibilities. It discusses the role of CSR in India including relevant laws and examples of CSR programs implemented by major Indian companies.
The document discusses the concept of corporate social responsibility (CSR). It defines CSR as a corporation's responsibility to consider the interests of its stakeholders, including shareholders, employees, customers, and the local community. The document outlines several theories of social responsibility, such as maximizing profits, moral minimum, stakeholder interest, and corporate citizenship. It also discusses drivers of CSR, key components like strategic partnerships and stakeholder engagement, and strategies corporations can take to implement CSR, from reactive to proactive. The overall document provides a comprehensive overview of the concept of CSR.
CORPORATE SOCIAL RESPONSIBILITY_fda0741469d29a7ff863ec5a3f1b9072.pptxitech2017
The document outlines corporate social responsibility (CSR) requirements for companies in India according to the Companies Act of 2013. It defines CSR as activities that benefit society and the environment, such as education programs, environmental conservation, and healthcare. The Act requires companies meeting certain criteria to establish a CSR committee and policy and spend at least 2% of their net profits on qualifying CSR activities. It provides guidance on governance, eligible activities, spending and reporting requirements to ensure companies conduct ethical business practices and contribute to social welfare.
The document discusses corporate social responsibility (CSR). It defines CSR as voluntary actions companies take to improve social and environmental conditions. Examples include reducing carbon footprints, supporting communities, and ensuring fair labor practices. The goal of CSR is to positively impact society while enhancing reputation and profits. Many consumers and investors now support socially responsible companies, making CSR an important business strategy.
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
This document defines corporate social responsibility (CSR) and corporate citizenship. It discusses how CSR involves companies operating in a socially and environmentally responsible manner. The document provides examples of CSR activities, discusses why companies implement CSR strategies, and outlines the impacts of CSR. It also provides an example of Starbucks' long-standing CSR efforts and discusses India's CSR requirements for companies.
This document discusses corporate social responsibility (CSR). It defines CSR as voluntary actions businesses take over legal minimum requirements to address competitive interests and societal interests. CSR considers economic, legal, ethical and philanthropic expectations societies place on organizations. The document outlines reasons for and against CSR. It presents models for the different faces and components of CSR responsibilities. Finally, it provides examples of CSR strategies by Cadbury India and Volkswagen.
This document discusses corporate social responsibility (CSR). It defines CSR as voluntary actions businesses take over legal minimum requirements to address competitive interests and societal interests. CSR considers economic, legal, ethical and philanthropic expectations societies place on organizations. The document outlines reasons for and against CSR. It presents models for CSR including its four faces, four components and Carroll's CSR pyramid. The document concludes by providing examples of CSR strategies from Cadbury and Volkswagen.
Corporate citizenship involves meeting legal, ethical, and economic responsibilities to shareholders and society. It encompasses social responsibility, social responsiveness to stakeholders, and social performance outcomes. Companies are motivated by both internal drivers like reputation and values, and external pressures from customers, laws, and communities. Embracing corporate citizenship can improve relationships with employees and customers, enhance business performance, and support marketing efforts. [/SUMMARY]
This document discusses the concepts and history of corporate social responsibility (CSR). It defines CSR as companies voluntarily contributing to society and the environment through business activities and social investments. The concept of CSR gained popularity in the 1990s when a German pharmaceutical company implemented CSR strategies to differentiate itself. The document outlines the economic, legal, ethical, and discretionary responsibilities that make up CSR and examines arguments for and against companies adopting CSR practices. It concludes that CSR should demonstrate a commitment to societal values by addressing issues caused by business operations.
This document discusses corporate social responsibility (CSR) in India. It provides definitions of CSR, outlines the history of CSR regulations in India, and summarizes key aspects of the CSR requirements under the Companies Act of 2013 such as the constitution of CSR committees, development of CSR policies, specification of approved CSR activities, and advantages and disadvantages of CSR. The types of projects eligible for CSR spending are also defined. In conclusion, the document states that CSR involves sustainability across environment, social and business dimensions, and that the law and its implementation are now mandated in India.
Corporate social responsibility (CSR) aims to ensure companies conduct business in an ethical manner by considering their social, economic, and environmental impacts. CSR involves companies providing value to society through initiatives that assess and take responsibility for their effects on the environment and impacts on social welfare. The concept of CSR emerged in the late 1960s and grew in the 1980s as business and social interests converged, making firms more responsive to stakeholders. CSR activities can include caring for human rights, partnering with communities, contributing to society's welfare and development through investments and relationships with employees/customers. The importance of CSR includes protecting consumers, promoting good employer-employee relations, assisting the government, and attracting customers, staff, and investors who prefer socially
This document discusses definitions and types of corporate social responsibility (CSR). It provides 3 main definitions of CSR: 1) the relationship between corporations, governments, and individuals, 2) the relationship between a corporation and the local society it operates in, and 3) the relationship between a corporation and its stakeholders. While there is no universal definition, CSR generally refers to ethical and transparent business practices that respect people, communities, and the environment beyond just making profits. The document then discusses types of CSR activities like philanthropy and environmental sustainability practices. It provides examples of specific CSR practices corporations can implement, such as social auditing, sustainability reporting, and ethical accounting statements.
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can integrate social and environmental concerns into their business operations and interactions with stakeholders.
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can approach it through various frameworks and real-world case studies.
Este documento presenta un resumen de 3 oraciones o menos:
El documento presenta un análisis de la situación de Molitalia S.A., incluyendo su historia, portafolio de productos, clientes y socios clave. Luego, analiza el principal problema de la empresa que es el impacto de las fallas de mantenimiento en la planificación de operaciones y propone cuatro alternativas de solución como rediseñar procesos, mejorar la gestión de repuestos, capacitar al personal y monitorear mediante indicadores. Finalmente, present
Este documento presenta el Plan Operativo 2023 de la Dirección Regional de Comercio Exterior y Turismo de Ayacucho. Incluye información sobre el Plan Estratégico Regional Exportador de Ayacucho 2025, el Plan de Desarrollo Regional Concertado 2021-2024, y los principales productos de agroexportación e artesanales de la región como la palta, quinua y café. Detalla objetivos, indicadores, metas, actividades planificadas y estadísticas sobre volumen y valor de exportaciones de estos productos, así como sus principales merc
Este documento presenta el plan de marketing de una empresa. Su visión es ser líder en los mercados en los que compite y transformar mercados a través de sus marcas líderes. Su misión es liderar con pasión, estar conectados, ser ágiles y flexibles, y respetar a los demás. Identifica sus fortalezas como su infraestructura de fabricación y distribución y su solvencia financiera, así como oportunidades como los tratados de libre comercio y el crecimiento económico nacional. También reconoce debilidades como su
Business Consulting para Agrícola Huarmey _ Presentación exposición.pptxSarianaDelCarmen
Este documento presenta un resumen de un proyecto de consultoría para la empresa agrícola Agrícola Huarmey. El proyecto analiza la situación actual de la empresa, identifica problemas clave como baja productividad y eficiencia, y propone soluciones como mapear y rediseñar procesos operativos, implementar procedimientos y métricas, y mejorar la logística. El plan espera generar ahorros a través de mejoras en la productividad y reducción de costos.
This document provides information about Unit 5 of a lesson, including vocabulary words and uses of infinitives and gerunds. It defines words like download, feature, browse, app, b-fit, comfy, and tranZ. It also explains the differences between infinitives and gerunds, showing examples like "I use a smartphone to send emails" and "I use a smartphone for sending emails". The document aims to teach English grammar and build vocabulary related to smartphones and technology.
Este documento proporciona orientación sobre cómo desarrollar un plan de marketing estratégico. Explica que un plan de marketing es importante para establecer objetivos, implementar estrategias y medir resultados para hacer crecer un negocio de manera exitosa. Luego, detalla los 10 elementos clave que debe incluir un buen plan de marketing, como una descripción del negocio, investigación de mercado, análisis de precios, metas y estrategias de marketing.
This document provides guidance on developing an effective public relations strategy for wineries. It emphasizes identifying key audiences and crafting a clear unique positioning for the winery. Tactics discussed include developing press kits, writing press releases, conducting media training, participating in industry events, creating newsletters, and focusing on word-of-mouth through satisfied customers. Proper goal setting and budgeting is emphasized for all public relations programs to ensure cost-effective delivery of messaging to targeted audiences. Regular evaluation of results is also recommended to measure success.
Este documento presenta cuatro estrategias para generar enlaces entrantes de forma efectiva. La primera estrategia implica aplicar ingeniería inversa a los competidores para identificar oportunidades de generar enlaces hacia el propio contenido relevante. Esto incluye investigar palabras clave, analizar el contenido competitivo y determinar si el propio contenido es mejor. Luego, se usan herramientas como Ahrefs para encontrar sitios que ya enlazan al contenido de la competencia y contactar a esos sitios para generar enlaces.
Glass House PR has developed PR 2.0, a customized public relations product for small and medium enterprises (SMEs). PR 2.0 provides SMEs with strategic communication and PR strategies through a 1-year planning process. This includes developing media strategies, branding guidelines, digital media plans, and media training. The program aims to help SMEs grow their visibility and business objectives cost-effectively. An example case study showed how PR 2.0 helped a weight loss company in Kenya increase their business by 750% over 2 years through various PR activities.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
Building Your Employer Brand with Social MediaLuanWise
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2. 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.
3. • “Corporate Social Responsibility” (CSR) Means and include but
not limited to :-
1) Projects or programs relating to activities specified in the
schedule VII of the Act; or
2) Projects or Programs relating to activities undertaken by
BODs of the company in pursuance of the recommendations of
the CSR committee of the Board as per declared CSR Policy of
the company enumerated in schedule VII of the Act.
• “CSR Policy” relates to the activities to be undertaken by the
company as specified in schedule VII of the act and the
expenditure thereon, excluding activities undertaken in
pursuance of normal course of business of a company
4. Reasons for CSR
Activities
CSR activities are important to and even
expected by the public
And they are easily monitored worldwide
CSR activities help organizations hire and
retain the people they want
CSR activities contribute to business
performance
5. WBCSD (World Business Council for
Sustainable Development)
“The continuing commitment by business to behave ethically
and contribute to sustainable economic development while
improving the quality of life of the workforce and their
families as well as of the local community and society.”
6. Basic Constituents of CSR
Contribute
towards a
sustainable
economic
developme
nt
Make
desirable
social
changes
Improveme
nt of social
environme
nt
Towards
Business
& Society
7.
8. Respect for human rights.
Respect for the differences of views.
Diversity & non-discrimination should be the guiding principle.
Make some social contribution.
Enter into e dialogue
Self-realization & creativity.
Fair dealings & collaboration.
Feedback from the community.
Positive value- added
Long term economic & social development.
CSR Principles & Strategies.
10. • A businessmen should perform his duty well, he is
performing a social as well as a moral duty.
• A businessmen has no other social responsibility to
perform except to serve his shareholders & stockholders.
11. Ackerman Model (1976)
The model has emphasized on the internal policy goals & their
relation to the CSR.
Four stages involved in CSR.
Managers of the company get to know the most
common social problem & then express a
willingness to take a particular project which will
solve some social problems.
Intensive study of the problem by hiring experts &
getting their suggestions to make it operational.
Managers take up the project actively & work hard.
Evaluating of the project by addressing the issues.
12. Six Strategies in the adoption of CSR.
Rejection strategy
Adversary strategy
Resistance strategy
Compliance strategy
Accommodation strategy
Proactive strategy
15. Philanthropic requirements: Donation, gifts,
helping the poor. It ensure goodwill & social welfare.
Ethical responsibility: Follow moral & ethical
values to deal with all the stakeholders.
Economic responsibility: Maximize the
shareholders value by paying good return.
Legal responsibility: Abiding the laws of the
land.
Carroll Model(1991)
16. This model developed by Redman.
Many corporate in US adopted this model.
Corporate contribution towards environmental integrity &
human health, there will be greater expansion opportunities.
Healthy people can work more & earn more.
CSR is beneficial for the corporate sector.
CSR in a particular form is welcome.
Environmental Integrity & Community
Health Model.
17. Corporate Citizenship Model
To be a corporate citizen, a corporate firm has to satisfy four
conditions:
Consistently satisfactory
Sustainable economic performance
Ethical actions
Behaviour.
A particular firm’s commitment to corporate citizenship
requires the fulfillment of certain social responsibilty.
18. Stockholders & Stakeholders Model
1
Productivism
2
Progressivism
3
Philanthropy
4
Ethical Idealism
Self
Duty
Interest
Stakeholder
Model
Stockholders
Model
Moral
ORIENTATION
MOTIVES
19. Contd………….
Productvists believe that the only mission of a firm is to
maximize the profit.
Philanthropists who entertain the stockholders. CSR is
dominated by moral obligations & not self-interest.
Progressivists believes the corporate behaviour basically
motivated by self interest & should have ability to
transform the society for good.
Ethical Idealism concern with sharing of corporate profits
for humanitarian activities.
20. New Model of CSR
CSR (+) CSR(-)
CSR(-) CSR(-)
Ethical Rooting
Financial
Capability
Strong Poor
Strong
Poor
21. Best Practices of CSR
• To set a feasible, Viable & measureable goal.
• Build a long lasting relationship with the community.
• Retain the community core values.
• The impact of the CSR needs to be assessed.
• Reporting the impact.
• Create community awareness.
22. Need for Corporate Social Responsibility
• To reduce the social cost.
• To enhance the performance of employees.
• It a type of investment.
• It leads to industrial peace.
• It improves the public image.
• Can generate more profit.
• To provide moral justification.
• It satisfies the stakeholders.
• Helps to avoid government regulations & control.
• Enhance the health by non polluting measures.
23. Arguments for the CSR
• Corporate should have some moral & social obligations to
undertake for the welfare of the society.
• Proper use of resources, capability & competence.
• The expenditure on CSR is a sort of investment.
• Company can avoid many legal complications.
• It create a better impression.
• Corporate should return a part of wealth.
24. Arguments against the CSR
Fundamental principles of business gets violated.
It vey expensive for business houses.
CSR projects will not be successful.
There are not the special areas of any business.
CSR is to induce them to steal away the shareholders
money.
25. Indian Perspective.
• The Sachar committee was appointed in 1978 to look into corporate
social responsibility issues concerning Indian companies
• The company must behave & function as a responsible member of
society.
• Committee suggests openness in corporate affairs & behaviour.
• Some business houses have established social institutions like Schools,
colleges, charitable hospitals etc.
• Corporate sectors have not made significant contributions. (Polluting
Environment).
26. PM’s Ten Point Social Charter 2007
MCA and CSR
Voluntary Guidelines on CSR, 2009
Released in Dec 2009, in presence of the president of India
A statement of Intent by the national government
Intended to be replaced by a more comprehensive guideline.
National Voluntary Guidelines on Social, Environmental and
Economic Responsibilities of Business 2011
Planning Commission and Task Force on Business Regulation.
Indian Perspective.
27. Maximize
firm’s profits
to the
exclusion of
all else
Balance profits
and social
objectives
Do what it
takes to make
a profit; skirt
the law; fly
below social
radar
Fight social
responsibility
initiatives
Comply;
do what is
legally
required
Integrate social
objectives and
business goals
Lead the
industry and
other
businesses
with best
practices
Do more than
required; e.g.
engage in
philanthropic
giving
Articulate
social value
objectives
Corporate Social Responsibility Continuum
28. Applicability : (sec. 135(1))
• To all companies that have either of the following in any
financial year:
►Net worth of INR 500 crore or more
►Turnover of INR 1000 crore or more
►Net profit of INR 5 crore or more
* All Companies
means every
Company
including its
holding or
subsidiary and
foreign company
having its branch
office or project
office in India.
29. CSR COMMITTEE :-
Composition As per act :-
• Compromising of 3 or more directors with at least 1 Independent
Director
• Composition should be disclosed in the annual board of directors report
Company –wise composition rules :-
• Unlisted public or private company u/s 135(1), not required to appoint
Independent Director pursuant to sec.149(4) :- Composition committee
without independent director
• Private company having 2 directors only :- Compose committee with such
2 directors
• In case of foreign company:- Committee shall comprise of 2 persons of
which
1.) One person shall be specified u/s 380(1)(d) of this act;
2.) Another person shall be nominated by foreign company.
30. RESPONSIBILITY OF THE
COMMITTEE :-
o Committee shall prepare, formulate and recommend
to the board the CSR policy of the company which
shall indicate activities to be undertaken;
o Recommend amount of expenditure to be incurred
on the above activities;
o Monitor CSR policy from time to time
31. RESPONSIBILITIES OF COMPANY’S
BOARD :-
o Approve and Disclose CSR policy in the Annual
Director’s report and company website;
o Ensure implementation of CSR activities as per the
policy;
o Ensure that the company spends, in every financial
year, at least 2% of average net profit made during
the three immediate preceding financial years;
o Director’s report to specify reasons in case the
specified amount is not spenyt;
32. ANNUAL SPENDING ON CSR BY
COMPANIES :-
For every financial year, CSR spending would be computed as
2% of the average net profits made by the company during
every block of three preceding financial years
Net profit for the sec.135 and CSR rules shall mean, net profit
before tax as per books of accounts and shall not include
profits arising from branches outside India
For this purpose, the average Net profit will be
calculated in accordance with the sec.198
33. CSR POLICY :-
CSR Policy of the company shall include :-
• Projects and programs that are to be undertaken;
• A list of CSR projects/ programs which a company plans to undertake, which
may also focus on integrating business models with social and environmental
priorities and processes in order to create shared value, specified modalities
of execution in the execution of areas or sectors chosen and implementation
schedules;
CSR of the company should provide that surplus arising out of the CSR
activity will not be part of business profits of a company.
CSR Policy would specify that the corpus would include the
following:
a] 2% of the average net profits, there from, out of CSR activities
b] Any income arising out of CSR activities;
c] Surplus arising out of the CSR activities.
34. FORMAT OF REPORTING :-
Format for the annual report on CSR initiatives to be
included in the board report by qualifying companies;
Provide a brief outline on Company’s CSR Policy including
an overview of activities proposed to be undertaken and
indicate the web link to the CSR Policy;
The composition of the CSR committee
Average Net profit of the company for last three financial
years;
Prescribed CSR expenditure;
In case the company has failed to spend the 2% of the
Average Net Profit (INR) of the last 3 financial years, please
provide the reasons for not spending the amount
35. FORMAT OF REPORTING :-
Details of CSR activities/ projects undertaken during the year:
a.) Total amount to be spent for the year;
b.) amount carried forward from earlier years;
c.) amount spent during the year;
d.) amount carried forward for the year.
To be signed by CEO/ MD/ Director or Chairman CSR
Committee. (Corporate Social Responsibility) Companies act,
2013
36. LIST OF CSR ACTIVITIES :-
Eradicating extreme hunger and poverty;
Promotion of education;
Promotion of gender equality and empowering women;
Reducing child morality and improving maternal health;
Ensuring environmental sustainability;
Employment enhancing vocational skills;
Social business projects;
Contribution to the Prime Minister's National Relief Fund or
any other fund setup by the Central Government or the State
Governments for socio-economic development and relief and
funds for the welfare of the Scheduled Castes, the Scheduled
Tribes, other backward classes, minorities and women ;
Such other matters as may be prescribed. (Corporate Social
Responsibility) Companies act, 2013
37. Non-Applicability:
• Every company which is ceases to be a
company covered u/s 135(1) of the for 3
consecutive financial years shall not required
to-
constitute a CSR committee;
comply with the provision contained in sub-
section 2 to 5 of Sec. 135.
till such time it meets the criteria specified in
sec. 135(1).
(Corporate Social Responsibility) Companies act, 2013
38. CSR Committee:
• Composition As per Act:-
Comprising of 3 or more directors with atleast one Independent
Director;
Composition to be disclosed in the annual board of director’s report.
• Company-wise Composition Rules:-
unlisted public company or private company u/s 135(1), not required to
appoint independent director pursuant to sec. 149(4):- Compose
Committee without independent director
Private Company having 2 directors only:- Compose committee with
such 2 directors
In case of foreign company:- Committee shall comprise of atleast 2
persons of which:
1.) one person shall be specified u/s 380(1)(d) of the act;
2.) another person shall be nominated by foreign company.
39. CSR Activities:
• Only such CSR activities will be taken into consideration as are
undertaken within India.
• Only activities which are not exclusively for the benefit of
employees of the company or their family members shall be
considered as CSR activity.
• The Company to give preference to local area and areas around
where it operates, for spending the amount earmarked for CSR
activities.
• Contribution of any amount directly or indirectly to any political
party u/s 182 of the act, shall not be considered as CSR activity.
40. CSR Activities:
• Only such CSR activities will be taken into consideration as are
undertaken within India.
• Only activities which are not exclusively for the benefit of
employees of the company or their family members shall be
considered as CSR activity.
• The Company to give preference to local area and areas around
where it operates, for spending the amount earmarked for CSR
activities.
• Contribution of any amount directly or indirectly to any political
party u/s 182 of the act, shall not be considered as CSR activity.
41. Legal obligation regarding CSR:
• Disallowance of CSR expenditure:
CSR to be incurred only by specified class of companies; hence character of appropriation
No adverse / penal consequence if reason for not spending is explained in Board Report
‘Comply or explain’ provision
No carry forward of unspent amount
No investigation into the books of the company
• Points for defense:
From financial reporting perspective, it will be treated as expense and not distribution of
profit
Courts in the past have allowed voluntary CSR expenses as tax deductible under various
situations:
- Drinking water facilities to the residents in the vicinity of the refinery
- Aid to the school run for the benefit of the children of those local residents
42. List of CSR Activities:
• Eradicating extreme hunger and poverty;
• Promotion of education;
• Promoting gender equality and empowering women;
• Reducing child mortality and improving maternal health;
• Ensuring environmental sustainability;
• Employment enhancing vocational skills;
• Social business projects;
• Contribution to the Prime Minister's National Relief Fund or any other fund
setup by the Central Government or the State Governments for socio-
economic development and relief and funds for the welfare of the Scheduled
Castes, the Scheduled Tribes, other backward classes, minorities and women ;
and
• Such other matters as may be prescribed.
43. CSR Activities:
• A company may also conduct/ implement its CSR programs through
Trusts, Societies, or Section 8 companies operating in India, which
are not setup by the company itself.
• Companies may build CSR capacities of their own as well as those
of their implementing agencies through institutions with established
track record of atleast three financial years but such
expenditure shall not exceed 5% of total expenditure of the
company in one financial year .
• Companies may collaborate or pool resources with other companies
to undertake CSR activities and any expenditure incurred on such
collaborative efforts would qualify for computing the CSR spending.
44. If a company contravenes the provisions of this section,
the company shall be punishable with fine which shall not
be less than fifty thousand rupees but which may extend to
twenty-five lakh rupees and every officer of the company
who is in default shall be punishable with imprisonment
for a term which may extend to three years or with fine
which shall not be less than fifty thousand rupees but
which may extend to five lakh rupees, or with both.
Sub Section 8 of Section 134