This document summarizes a report on attaining sustainable growth through corporate social responsibility (CSR). It begins with an introduction outlining the challenges faced by Indian corporations and how CSR can help overcome them. It then defines CSR and discusses different levels and types of CSR. Case studies analyzing people's perceptions of CSR are presented. Solutions proposed include a national carbon credit rating system, CSR credits, and CSR standards. The benefits of CSR discussed include cost cutting, brand enhancement, and public goodwill. The conclusion is that businesses need CSR to thrive in a healthy society and environment.
The document discusses corporate social responsibility (CSR) practices in the textile industry in India. It provides background on the textile industry in India, including that it is one of the largest employers. It then profiles Raymond, a large textile company, describing its business lines and CSR initiatives in education, research, and community development, particularly focused on empowering women and underprivileged groups. The summary outlines the context of CSR in India and provides an overview of Raymond's business and CSR activities.
Business Ethics and Corporate Social Responsibility MEKUANINT ABERA
This seminar presentation discusses business ethics and corporate social responsibility with case studies of Coca-Cola and the Tata Group. It introduces the concepts of business ethics and CSR, outlines their importance, and describes the CSR models and initiatives of Coca-Cola and Tata in areas like water, energy, health, communities and economic development. It also discusses some obstacles faced by Coca-Cola and their responses. The presentation concludes that many businesses are actively engaging in CSR to improve people's livelihoods.
Abstract: Over the last years an increasing number of companies worldwide started promoting their Corporate Social Responsibility or CSR strategies because the customers, the public and the investors expect them to act sustainable as well as responsible. In most cases CSR is a result of variety of social, environmental and economic pressures. Hence Corporate Social Responsibility has become more relevant today than ever before. This article analysis the meaning of CSR as long as it's effects in Odisha and an attempt to examine the various policies adopted by top Corporate sectors and their role to eliminate the various problem such as poverty, hunger, environmental sustainability, unemployment, gender inequality and protection of national and provincial heritage, art and culture. Under this background, this study reflects the comparative analysis of some major corporate houses like BPSL, MCL, NALCO, TATA and VEDANTA towards CSR expenditure in different districts of Odisha. Among the districts, the maximum CSR spend was in Angul followed by Jajpur and Sundergarh. This article also gives an insight of the recent policy change in respect of CSR with introduction of mandatory Provision - Section 135 on CSR in Companies Act 2013.
Keywords: Corporate Social Responsibility, Environment, Economic, Role Policy and Effect.
Title: EFFECT OF CSR IN ODISHA
Author: Dr. Sandeep Kumar Patnaik, Abhijeet Patra
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
This document discusses CSR legislation in India according to Section 135 of the Companies Act 2013. It mandates that companies meeting certain profit thresholds must spend 2% of their average net profits of the previous three years on CSR activities focused on areas like poverty alleviation, education, gender equality, healthcare, environment sustainability and others. Companies are required to form a CSR committee to devise and monitor CSR strategies. While there are no penalties for failing to spend on CSR, companies can be fined for failing to report on CSR activities or explain why spending was not done. The top CSR performing companies in India are also mentioned.
The document discusses the concept and history of corporate social responsibility (CSR). It explains that CSR involves companies integrating social and environmental concerns into their business operations and stakeholder interactions. The history of CSR is traced back to companies in the late 1800s that provided benefits to employees and local communities. More recently, CSR has grown to encompass considerations around ethics, governance, human rights, the environment, and more. The concept of the "triple bottom line" is introduced as a way for companies to balance economic, social, and environmental impacts through their CSR efforts. Key components of modern CSR are identified as governance, ethics, workplace practices, supply chain management, customer satisfaction, community involvement, and environmental stewardship.
The document discusses corporate social responsibility (CSR) practices in the textile industry in India. It provides background on the textile industry in India, including that it is one of the largest employers. It then profiles Raymond, a large textile company, describing its business lines and CSR initiatives in education, research, and community development, particularly focused on empowering women and underprivileged groups. The summary outlines the context of CSR in India and provides an overview of Raymond's business and CSR activities.
Business Ethics and Corporate Social Responsibility MEKUANINT ABERA
This seminar presentation discusses business ethics and corporate social responsibility with case studies of Coca-Cola and the Tata Group. It introduces the concepts of business ethics and CSR, outlines their importance, and describes the CSR models and initiatives of Coca-Cola and Tata in areas like water, energy, health, communities and economic development. It also discusses some obstacles faced by Coca-Cola and their responses. The presentation concludes that many businesses are actively engaging in CSR to improve people's livelihoods.
Abstract: Over the last years an increasing number of companies worldwide started promoting their Corporate Social Responsibility or CSR strategies because the customers, the public and the investors expect them to act sustainable as well as responsible. In most cases CSR is a result of variety of social, environmental and economic pressures. Hence Corporate Social Responsibility has become more relevant today than ever before. This article analysis the meaning of CSR as long as it's effects in Odisha and an attempt to examine the various policies adopted by top Corporate sectors and their role to eliminate the various problem such as poverty, hunger, environmental sustainability, unemployment, gender inequality and protection of national and provincial heritage, art and culture. Under this background, this study reflects the comparative analysis of some major corporate houses like BPSL, MCL, NALCO, TATA and VEDANTA towards CSR expenditure in different districts of Odisha. Among the districts, the maximum CSR spend was in Angul followed by Jajpur and Sundergarh. This article also gives an insight of the recent policy change in respect of CSR with introduction of mandatory Provision - Section 135 on CSR in Companies Act 2013.
Keywords: Corporate Social Responsibility, Environment, Economic, Role Policy and Effect.
Title: EFFECT OF CSR IN ODISHA
Author: Dr. Sandeep Kumar Patnaik, Abhijeet Patra
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications
This document discusses CSR legislation in India according to Section 135 of the Companies Act 2013. It mandates that companies meeting certain profit thresholds must spend 2% of their average net profits of the previous three years on CSR activities focused on areas like poverty alleviation, education, gender equality, healthcare, environment sustainability and others. Companies are required to form a CSR committee to devise and monitor CSR strategies. While there are no penalties for failing to spend on CSR, companies can be fined for failing to report on CSR activities or explain why spending was not done. The top CSR performing companies in India are also mentioned.
The document discusses the concept and history of corporate social responsibility (CSR). It explains that CSR involves companies integrating social and environmental concerns into their business operations and stakeholder interactions. The history of CSR is traced back to companies in the late 1800s that provided benefits to employees and local communities. More recently, CSR has grown to encompass considerations around ethics, governance, human rights, the environment, and more. The concept of the "triple bottom line" is introduced as a way for companies to balance economic, social, and environmental impacts through their CSR efforts. Key components of modern CSR are identified as governance, ethics, workplace practices, supply chain management, customer satisfaction, community involvement, and environmental stewardship.
Corporate Social Responsibility Indian PerspectiveTICS
This document discusses the concept of corporate social responsibility (CSR) in India. It begins by defining CSR and noting that while the concept is not new to India, CSR is still in a nascent stage. It then provides examples of forerunners in CSR like the Tata Group and Birla Group, which have engaged in social initiatives for decades. The document also discusses potential benefits of CSR to businesses and notes government support for CSR activities. In conclusion, it states that CSR has evolved in India and that effective partnerships between corporations, non-profits, and the government can further social development at large scale.
The document is a message from the Chairman of CII's Development Initiative Council introducing a handbook on corporate social responsibility (CSR) in India developed by PwC for CII. It notes that the Companies Act, 2013 formally introduced a CSR mandate for Indian companies and many companies will undertake CSR initiatives for the first time. It states that the handbook can play an important role in equipping companies for structured CSR engagement by providing guidance on developing CSR strategies and programs. The Chairman hopes the handbook will be a significant step towards building an equitable society and meeting the challenge presented by the new CSR requirements in the Companies Act.
This document discusses trends and opportunities in corporate social responsibility (CSR). It begins with an overview of increasing CSR expenditures in India from 2014-2019. Next, it outlines five CSR trends for 2020 according to Forbes, including addressing fake news, achieving carbon neutrality, supporting employees, pursuing long-term purpose, and exploring emerging issues. It then characterizes CSR as a strategic business tool that can satisfy diverse stakeholders. The document also notes challenges for traditional CSR due to COVID-19, such as reduced budgets and priorities shifting to pandemic relief. It concludes with instructions for accessing case studies of major CSR initiatives on the Indian government's CSR portal.
The document discusses adopting a corporate social responsibility (CSR) initiative. It provides an overview of CSR including its definition, importance, and relevance today due to changing social expectations, increasing affluence, and globalization. It outlines the CSR requirements for qualifying companies under the Companies Bill in India, including constituting a CSR committee and spending at least 2% of profits on CSR activities in areas like education, healthcare, and environment sustainability. Non-compliance can result in penalties.
Corporate social responsibility (CSR) involves businesses delivering economic, social and environmental benefits to all stakeholders. CSR activities typically go beyond legal compliance and include areas like corporate governance, human rights, community development, and working conditions. While many companies view CSR as philanthropy, it is important for businesses to understand stakeholders' perspectives on their CSR initiatives through research. Implementing CSR can benefit companies through improved public image, employee engagement, and attracting investors.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
The document provides an overview of a handbook on corporate social responsibility (CSR) in India developed by PwC India for the Confederation of Indian Industry (CII). It discusses the context and need for the handbook. The chairman of CII's Development Initiative Council emphasizes that the Companies Act, 2013 formally introduced the mandate for CSR for Indian companies and that the handbook can help equip companies to strategically implement CSR. The chairman emeritus of Fortis Healthcare Limited notes that while philanthropy is not new to Indian companies, some may struggle with CSR and that the handbook will help streamline dialogue within the industry. The handbook aims to assist companies in effectively pursuing CSR activities aligned with the Companies Act by
Changing Dimensions of Corporate Social Responsibility in Indiaprofessionalpanorama
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
Changing dimensions of corporate social responsibility in indiaTapasya123
1. Corporate social responsibility in India is evolving from a focus on business philanthropy to broader activities integrated into core business strategy, in response to legal/regulatory pressures and public opinion.
2. CSR frameworks include the triple bottom line of economic, social and environmental responsibilities. Carroll's pyramid also outlines CSR as including economic, legal, ethical, and philanthropic responsibilities.
3. For developing countries like India, CSR focuses more on philanthropic responsibilities due to cultural and economic factors. The government regulates CSR through laws requiring companies to spend on social projects.
The document discusses corporate social responsibility (CSR) and provides definitions from various organizations. It outlines models of CSR including the classical economic model, socioeconomic model, Friedman model, Ackerman model, Carroll model, and others. The document discusses the CSR provisions in the Indian Companies Act of 2013, including applicability, requirements for CSR committees and expenditures. It lists eligible CSR activities and provides data on common CSR activities undertaken in India, with education and healthcare being major focuses.
This document provides an overview of corporate social responsibility (CSR) in India. It discusses the evolution of CSR in India, including key government policies and the 2013 Companies Act which mandates that large companies spend 2% of profits on CSR activities. It also outlines definitions of CSR, benefits of CSR programs, and requirements for CSR committees and reporting under the Companies Act. Analysis of disclosures from over 1,270 companies found that total CSR spending in 2016-17 increased 27% from the previous year and was 92% of the amount required under the 2% mandate.
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 is a student project on corporate social responsibility in India submitted to Kabul University in 2015. It provides an introduction to CSR, discusses the current state of CSR in India, and analyzes some of the key issues and challenges related to CSR activities in India. Specifically, it notes that while CSR has a long history in India, there is still debate around its definition. It also outlines some of the common approaches Indian corporations use for CSR programs, and discusses whether CSR should be made mandatory through law.
CSR has a long history associated with it impacts on organizations behavior. CSR is originally considered an American and European concept. During the 1990s the idea of CSR became almost universally approved, also CSR was coupled with strategy literature and finally, in the 2000s.
In India as in the rest of the world there is a growing realization the capital markets and corporations are. After all, created by society and must therefore serve it, not merely profit from it. And those consumers and citizens campaigns can make all the difference.
For over 50 years, Hindalco has worked in the hinterlands of India to better the quality of life of the underprivileged sections of society. This study is undertaken to provide a systematic analysis of:
This document discusses the evolution of corporate social responsibility (CSR) in India through four phases from pre-industrialization to the modern era. It describes the meaning of CSR and the types of social responsibilities companies have, including legal, ethical, philanthropic, and economic responsibilities. The key aspects of CSR discussed are corporate responsibility, social accounting, corporate sustainability, and social contract. The need for CSR and issues around implementing CSR initiatives like lack of community participation and transparency are also summarized.
Corporate social responsibility | 2015 - Recent TrendsAadhit B
This paper predominantly enumerates the role of Corporate Social responsibilities in the present scenario, its evolution, impact of Clause 135 of Companies Act, 2013, Role of CSRs in SMEs and also its Global Impact.
|Clause 135, Companies Act, 2013 | Companies (CSR policies) Rules, 2014 |
TVS Motors and Sundaram Clayton perform CSR activities through the Srinivasan Services Trust (SST), established in 1996. SST works to develop villages economically, through education, infrastructure, healthcare, and environment protection initiatives. SST partners with organizations and agencies to bring technical knowledge and local expertise together to help villagers. Currently active in over 700 villages across 5 states, SST helps make communities self-reliant through programs like Self Help Groups. CSR activities have benefited TVS by building its brand reputation and increasing employee satisfaction, loyalty, and morale. The positive relationship with communities has also created a protective environment for TVS's operations.
Corporate Social Responsibility BY LION DEEPAK BHATTACHARJEE DISTRICT GOVERNO...lionsleaders
This document discusses the history and evolution of corporate social responsibility (CSR) in India. It outlines four phases:
1) Pre-1850s: CSR focused on charity and philanthropy through religious causes and famine/epidemic relief.
2) 1850s-1947: Industrial families established trusts for education and development under Gandhi's influence.
3) 1960-1980: The mixed economy model and public sector development emerged alongside increased regulation.
4) Post-1980: Globalization encouraged CSR integration into business strategies and compliance with international standards.
The Companies Act of 2013 now mandates companies over certain thresholds to spend 2% of profits annually on CSR activities. The document also outlines a partnership for
Corporate social responsibility (CSR) refers to steps companies take to monitor and ensure their compliance with ethical standards and societal expectations. The goal of CSR is for businesses to have a positive impact on the environment, communities, and stakeholders through their activities. CSR involves integrating public interest considerations into corporate decision-making and upholding a "triple bottom line" of people, planet, and profit. While CSR can benefit companies through risk management and brand differentiation, some critics argue it distracts from the economic role of business or is merely for public relations purposes.
Abd EL Raheem Emad Abd EL Raheem seeks a challenging position in customer operations or administration management. He has over 10 years of experience working in human resources and administration roles in Kuwait. Currently, he works as an admin and HR supervisor for Arabesque Group Co. in Kuwait where he handles payroll, employee benefits, and ensures compliance with Kuwaiti labor laws.
Corporate Social Responsibility Indian PerspectiveTICS
This document discusses the concept of corporate social responsibility (CSR) in India. It begins by defining CSR and noting that while the concept is not new to India, CSR is still in a nascent stage. It then provides examples of forerunners in CSR like the Tata Group and Birla Group, which have engaged in social initiatives for decades. The document also discusses potential benefits of CSR to businesses and notes government support for CSR activities. In conclusion, it states that CSR has evolved in India and that effective partnerships between corporations, non-profits, and the government can further social development at large scale.
The document is a message from the Chairman of CII's Development Initiative Council introducing a handbook on corporate social responsibility (CSR) in India developed by PwC for CII. It notes that the Companies Act, 2013 formally introduced a CSR mandate for Indian companies and many companies will undertake CSR initiatives for the first time. It states that the handbook can play an important role in equipping companies for structured CSR engagement by providing guidance on developing CSR strategies and programs. The Chairman hopes the handbook will be a significant step towards building an equitable society and meeting the challenge presented by the new CSR requirements in the Companies Act.
This document discusses trends and opportunities in corporate social responsibility (CSR). It begins with an overview of increasing CSR expenditures in India from 2014-2019. Next, it outlines five CSR trends for 2020 according to Forbes, including addressing fake news, achieving carbon neutrality, supporting employees, pursuing long-term purpose, and exploring emerging issues. It then characterizes CSR as a strategic business tool that can satisfy diverse stakeholders. The document also notes challenges for traditional CSR due to COVID-19, such as reduced budgets and priorities shifting to pandemic relief. It concludes with instructions for accessing case studies of major CSR initiatives on the Indian government's CSR portal.
The document discusses adopting a corporate social responsibility (CSR) initiative. It provides an overview of CSR including its definition, importance, and relevance today due to changing social expectations, increasing affluence, and globalization. It outlines the CSR requirements for qualifying companies under the Companies Bill in India, including constituting a CSR committee and spending at least 2% of profits on CSR activities in areas like education, healthcare, and environment sustainability. Non-compliance can result in penalties.
Corporate social responsibility (CSR) involves businesses delivering economic, social and environmental benefits to all stakeholders. CSR activities typically go beyond legal compliance and include areas like corporate governance, human rights, community development, and working conditions. While many companies view CSR as philanthropy, it is important for businesses to understand stakeholders' perspectives on their CSR initiatives through research. Implementing CSR can benefit companies through improved public image, employee engagement, and attracting investors.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
The document provides an overview of a handbook on corporate social responsibility (CSR) in India developed by PwC India for the Confederation of Indian Industry (CII). It discusses the context and need for the handbook. The chairman of CII's Development Initiative Council emphasizes that the Companies Act, 2013 formally introduced the mandate for CSR for Indian companies and that the handbook can help equip companies to strategically implement CSR. The chairman emeritus of Fortis Healthcare Limited notes that while philanthropy is not new to Indian companies, some may struggle with CSR and that the handbook will help streamline dialogue within the industry. The handbook aims to assist companies in effectively pursuing CSR activities aligned with the Companies Act by
Changing Dimensions of Corporate Social Responsibility in Indiaprofessionalpanorama
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
Changing dimensions of corporate social responsibility in indiaTapasya123
1. Corporate social responsibility in India is evolving from a focus on business philanthropy to broader activities integrated into core business strategy, in response to legal/regulatory pressures and public opinion.
2. CSR frameworks include the triple bottom line of economic, social and environmental responsibilities. Carroll's pyramid also outlines CSR as including economic, legal, ethical, and philanthropic responsibilities.
3. For developing countries like India, CSR focuses more on philanthropic responsibilities due to cultural and economic factors. The government regulates CSR through laws requiring companies to spend on social projects.
The document discusses corporate social responsibility (CSR) and provides definitions from various organizations. It outlines models of CSR including the classical economic model, socioeconomic model, Friedman model, Ackerman model, Carroll model, and others. The document discusses the CSR provisions in the Indian Companies Act of 2013, including applicability, requirements for CSR committees and expenditures. It lists eligible CSR activities and provides data on common CSR activities undertaken in India, with education and healthcare being major focuses.
This document provides an overview of corporate social responsibility (CSR) in India. It discusses the evolution of CSR in India, including key government policies and the 2013 Companies Act which mandates that large companies spend 2% of profits on CSR activities. It also outlines definitions of CSR, benefits of CSR programs, and requirements for CSR committees and reporting under the Companies Act. Analysis of disclosures from over 1,270 companies found that total CSR spending in 2016-17 increased 27% from the previous year and was 92% of the amount required under the 2% mandate.
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 is a student project on corporate social responsibility in India submitted to Kabul University in 2015. It provides an introduction to CSR, discusses the current state of CSR in India, and analyzes some of the key issues and challenges related to CSR activities in India. Specifically, it notes that while CSR has a long history in India, there is still debate around its definition. It also outlines some of the common approaches Indian corporations use for CSR programs, and discusses whether CSR should be made mandatory through law.
CSR has a long history associated with it impacts on organizations behavior. CSR is originally considered an American and European concept. During the 1990s the idea of CSR became almost universally approved, also CSR was coupled with strategy literature and finally, in the 2000s.
In India as in the rest of the world there is a growing realization the capital markets and corporations are. After all, created by society and must therefore serve it, not merely profit from it. And those consumers and citizens campaigns can make all the difference.
For over 50 years, Hindalco has worked in the hinterlands of India to better the quality of life of the underprivileged sections of society. This study is undertaken to provide a systematic analysis of:
This document discusses the evolution of corporate social responsibility (CSR) in India through four phases from pre-industrialization to the modern era. It describes the meaning of CSR and the types of social responsibilities companies have, including legal, ethical, philanthropic, and economic responsibilities. The key aspects of CSR discussed are corporate responsibility, social accounting, corporate sustainability, and social contract. The need for CSR and issues around implementing CSR initiatives like lack of community participation and transparency are also summarized.
Corporate social responsibility | 2015 - Recent TrendsAadhit B
This paper predominantly enumerates the role of Corporate Social responsibilities in the present scenario, its evolution, impact of Clause 135 of Companies Act, 2013, Role of CSRs in SMEs and also its Global Impact.
|Clause 135, Companies Act, 2013 | Companies (CSR policies) Rules, 2014 |
TVS Motors and Sundaram Clayton perform CSR activities through the Srinivasan Services Trust (SST), established in 1996. SST works to develop villages economically, through education, infrastructure, healthcare, and environment protection initiatives. SST partners with organizations and agencies to bring technical knowledge and local expertise together to help villagers. Currently active in over 700 villages across 5 states, SST helps make communities self-reliant through programs like Self Help Groups. CSR activities have benefited TVS by building its brand reputation and increasing employee satisfaction, loyalty, and morale. The positive relationship with communities has also created a protective environment for TVS's operations.
Corporate Social Responsibility BY LION DEEPAK BHATTACHARJEE DISTRICT GOVERNO...lionsleaders
This document discusses the history and evolution of corporate social responsibility (CSR) in India. It outlines four phases:
1) Pre-1850s: CSR focused on charity and philanthropy through religious causes and famine/epidemic relief.
2) 1850s-1947: Industrial families established trusts for education and development under Gandhi's influence.
3) 1960-1980: The mixed economy model and public sector development emerged alongside increased regulation.
4) Post-1980: Globalization encouraged CSR integration into business strategies and compliance with international standards.
The Companies Act of 2013 now mandates companies over certain thresholds to spend 2% of profits annually on CSR activities. The document also outlines a partnership for
Corporate social responsibility (CSR) refers to steps companies take to monitor and ensure their compliance with ethical standards and societal expectations. The goal of CSR is for businesses to have a positive impact on the environment, communities, and stakeholders through their activities. CSR involves integrating public interest considerations into corporate decision-making and upholding a "triple bottom line" of people, planet, and profit. While CSR can benefit companies through risk management and brand differentiation, some critics argue it distracts from the economic role of business or is merely for public relations purposes.
Abd EL Raheem Emad Abd EL Raheem seeks a challenging position in customer operations or administration management. He has over 10 years of experience working in human resources and administration roles in Kuwait. Currently, he works as an admin and HR supervisor for Arabesque Group Co. in Kuwait where he handles payroll, employee benefits, and ensures compliance with Kuwaiti labor laws.
Barman Tarabar is a leading logistics company based in Mashhad, Iran that provides transportation and logistics services throughout Iran and to neighboring countries. It offers air, sea, rail, and road freight services, along with customs clearance, warehousing, and other value-added services. Barman Tarabar has offices in major ports and borders to facilitate transportation throughout the region.
Laporan ini mendeskripsikan praktikum image clipping citra Landsat 8 menggunakan perangkat lunak VISAT 5.0. Praktikum dilaksanakan di laboratorium geospasial ITS pada tanggal 13 November 2014. Langkah-langkahnya meliputi pembukaan file citra Landsat 8 per band, penggabungan band menjadi satu produk, penyimpanan produk hasil clipping, dan penghapusan file tambahan.
Ayana Scriven has over 15 years of experience in finance, sales, and customer relationship management roles. She has a BS in Finance from Fairleigh Dickinson University and relevant coursework including Accounting and Business Finance. Her career has included roles calculating and processing sales commissions, managing customer data in CRM systems, and reconciling financial data between different systems. She is proficient in Microsoft Office, SQL, and CRM software like Salesforce and Oracle.
David Hoffman is a dancer and choreographer based in Ronkonkoma, New York. He received his BFA from Long Island University, where he studied under renowned choreographers. His training includes disciplines like ballet, pointe, jazz, tap, modern, and Cunningham technique. Currently, David works with theaters across Long Island as a dance captain, choreographer, and stage hand.
Rock tape powertaping for common injuriesfirmanphysio
This document provides an overview of PowerTaping techniques for common injuries. It discusses how PowerTaping focuses on taping movements rather than individual muscles. PowerTaping is said to promote full range of motion, improve vascular function, provide comfortable support, and limit muscle atrophy. The document recommends RockTape for its elasticity, strong adhesive, breathability and durability. PowerTaping is said to enhance proprioception and nerve-muscle efficiency to maximize athletic performance through increased blood flow and skin stimulation.
it consist of information regarding different species of theileria, their vectors, epidemiology, life cycle,pathogenesis ,clinical signs, gross lesions, microscopic lesions, control, prevention and treatment of theileriosis including pathognomic lesions of theileriosis
This document summarizes a research article about corporate social responsibility (CSR) in India. It discusses the key concepts and dimensions of CSR including economic, legal, ethical, and philanthropic responsibilities. It also analyzes factors driving CSR practices in Indian companies such as cost management, tax relief, customer demand, and government pressure. The objectives of the research are outlined, and prior literature on defining CSR and examining its challenges is reviewed. Issues and challenges with implementing CSR in India are explored.
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.
Social Enterpreneurship: A Form of Social Responsibility in Indiaprofessionalpanorama
The social and economic hardships in India can be overcome through the innovation and
promotion of best practices and positive models as well as by spreading good examples of
social entrepreneurship and social responsibility. A major future challenge is not the proper
implementation of 2% Corporate Social Responsibility mandate but to ensure contribution of
businesses to reduce the problems and work for the betterment of the society by sustainable
means. The paper highlights the importance of social entrepreneurial ideas for improving the
business climate in the country. Social entrepreneurship is becoming a popular form of social
responsibility and a way to solve a variety of urgent social problems. In order for a society to
boost social entrepreneurship, it needs a specific environment where such ideas can emerge
and develop into an active business models. This paper aims to provide a comprehensive
literature review of terms social responsibility and social entrepreneurship. It also examines
the current social entrepreneurship activities in India. The paper concludes that social
entrepreneurship has a better impact and more desirable than Corporate Social
Responsibility.
This document discusses corporate social responsibility (CSR) in India, including its dimensions and challenges. It begins by providing background on CSR and defining it as companies integrating social and environmental concerns voluntarily into their business operations and interactions with stakeholders. The document then examines drivers of CSR like demands for disclosure, customer and investor pressure. It outlines dimensions of CSR like economic, legal, ethical and discretionary responsibilities. Challenges of CSR in India are also summarized, such as lack of community participation, need to build local capacities, issues of transparency and non-availability of clear guidelines. Examples are provided of CSR practices by Indian companies Reliance and Tata.
This document provides an overview of Mahindra & Mahindra's corporate social responsibility activities in India. It discusses that Mahindra & Mahindra engages in various CSR initiatives focused on education, disaster relief, and community development. Some of the key CSR programs and initiatives discussed include the K.C. Mahindra Education Trust, which provides scholarships and education funding; Mahindra Academies, which are schools established near factories for employees' children; disaster relief support during events like tsunamis and earthquakes; and transforming municipal gardens in cities. The document analyzes how Mahindra & Mahindra integrates social responsibility into its business operations through these and other community programs.
This document discusses corporate social responsibility (CSR) and research conducted on CSR. It defines CSR as voluntary activities undertaken by companies to operate in an economically, socially, and environmentally sustainable manner. The document then discusses the objectives of CSR implementations in India to adhere to CSR guidelines and help businesses achieve strategic objectives. It also examines why companies need CSR programs and discusses CSR in India historically as well as regulatory approaches, challenges, and the top 10 companies for CSR in India in 2014.
Study of Corporate Social Responsibility in India and its impact on business ...Vishal Gupta
This project report explores corporate social responsibility (CSR) in India through a study of top Indian corporations. The report finds that while some corporations have structured CSR programs, many others take a more superficial approach. CSR activities commonly include partnering with NGOs, funding education and healthcare initiatives, and engaging with local communities. The government also influences CSR through new regulations requiring large companies to dedicate a percentage of profits to CSR. Overall, the study concludes that CSR benefits society through improved living conditions and entrepreneurship, benefits businesses by enhancing their reputation and opportunities in emerging markets, and benefits the government by supporting social development goals.
Essay on Corporate Social Responsibility CSR
Essay On Csr
Corporate Social Responsibility
Csr : Corporate Social Responsibility Essay
Reflection On Corporate Social Responsibility
Corporate Social Responsibility in GRI
Csr Essay
What is Corporate Responsibility Essay
Corporate Social Responsibility : Csr Essay
Corporate Social Responsibility ( Csr ) Essay
Corporate Social Responsibility : Csr Essay
Corporate Social Responsibility Of Unilever
Bmw s Corporate Social Responsibility
Corporate Social Responsibility
Corporate Social Responsibility : Csr
Corporate Social Responsibility Essay
The document discusses whether corporate social responsibility (CSR) is effective. It notes that while CSR aims to improve society, some argue it is mainly for public relations purposes. The document examines CSR programs by Coca-Cola and Shell that aim to help communities. However, critics argue CSR reports do not always provide full transparency and CSR may not address the root problems companies contribute to. Overall, the document analyzes differing perspectives on the impacts and motivations of CSR activities.
Corporate social responsibility_csr_overKush Juthani
1. The document discusses corporate social responsibility (CSR) initiatives taken by various companies in India. It provides examples of CSR programs focused on areas like farmer development, education, healthcare, and community development.
2. Many large Indian companies and corporations are recognizing CSR as an important part of their business strategy and are engaging in long-term, sustainable CSR programs in partnership with NGOs and local communities.
3. Examples of leading CSR programs mentioned include ITC's farmer development programs, IT companies like TCS and Wipro developing educational software, and companies like Aptech, Infosys Foundation, and Jubilant Organosys running schools, hospitals, and health programs.
current scenario of corporate social responsibility and methods to bring back values back to CSR from research paper by by Chris MacDonald & Alexei Marcoux from Business Ethics Journal Review
C.S.R: CORPORATE SOCIAL RESPONSIBILITY - All that you Need to Know.Satyaki 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 and outside India!!!!
Hope you will get a basic idea of CSR from the presentation.
Thank You.
This document provides an overview and introduction to a book titled "Case Studies on the Impact of CSR on Workers in China, South Korea, India and Indonesia". It discusses the Asia Monitor Resource Centre (AMRC) and their work researching the impacts of corporate social responsibility (CSR) on workers and unions in Asia. The preface criticizes CSR, arguing it is primarily a public relations strategy that fails to adequately address social and environmental problems. It asserts CSR undermines labor organizing and solidarity. The following chapters in the book present case studies on CSR's impact in each of the four Asian countries.
Report- Impact of CSR on financial performance of the companyBindu Priya Pasham
A team of dedicated professionals from IIM Udaipur, Futurescape and Economic Times have worked on the CSR study of 2015 and has listed India’s top 100 companies for CSR in the year. The top 5 companies and the bottom top 4 companies of the list i.e. 95-99 companies will be considered. The financial data of those companies will be taken and ratios will be performed, so that we come to know whether CSR policy has benefited the companies financially or not.
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.
M4 CSR - Embracing CSR and Cultural Change Transformation (Short Term Strateg...caniceconsulting
This module discusses CSR cultural change and transformation for SMEs taking a short-term strategic approach. It explains that CSR cultural transformation is a holistic process that changes a company's mindset and way of doing business. The document recommends that SMEs embarking on their CSR journey should start small by engaging in external CSR activities before integrating CSR more deeply. It also emphasizes that CSR and innovation must work together to address social and environmental challenges and meet changing stakeholder needs.
Mehak 3c corporate social responsibilty of five different brands and their co...Mehak Kalra
The document discusses the corporate social responsibility practices of five major brands - Aircel, Pepsi, ITC Group, Nokia, and Times of India. It provides an overview of each brand and their business areas. It then describes how the project will examine the CSR activities of each brand, compare them, and analyze their success rates. It defines CSR and discusses why companies adopt such practices, including benefits like risk management, brand differentiation, recruiting/retaining employees, and maintaining their license to operate.
It is a business strategy that focuses on generating both economic and social benefits. When businesses address societal challenges in a way that also increases profits and competitiveness, it leads to a sustainable cycle of increased revenue and community prosperity. Creating shared value involves reconceiving products and markets, optimizing the supply chain, improving employee productivity and enabling local cluster development.
1. AIMA-Bosch Limited 36th NATIONAL COMPETITION FOR
YOUNG MANAGERS
THEME: “Managing Organizational & Management Challenges in India”
Team : 1) RAMA MISHRA
2) SRI SATHYA NARAYANAN G
3) YOGESHKUMAR TRIPATHI
Organization: ESSAR STEEL (INDIA) LIMITED
Address: 27 Kms, Surat Hazira Road
SURAT
Tel No: 09909902513
09909902207
09879102546
E-mail: rama.mishra@essar.com
GSri.SathyaNarayanan@essar.com
Yogesh.Tripathi@essar.com
Date of Submission: June 29, 2010
Signature of the Team Leader or a Member
1
3. SR NO CONTENTS PAGE NO
1 Abstract 4
2 Introduction 5
3 Challenges of present day Indian corporations 6
4 CSR –Definition and approach 8
5 Levels of CSR 9
6 Types of CSR 11
7 How to go about CSR 12
8 Solutions 12
9 Case Studies 14
10 Benefits 17
11 Conclusion 18
12 References 19
3
4. ABSTRACT:
This report aims to provide a better understanding of the sustainable
challenges faced by corporates and how they can be overcome through ‘Corporate
Social Responsibility’ (CSR). Since CSR is a very broad concept, companies and to
an extent, the general public, have different perceptions as to what it really is. This
subjective understanding coupled with inadequate understanding of the wants of the
local community, has clogged the real benefits that societies could enjoy. The
growing concerns about our environment have only strengthened the need for
companies to achieve profits in a sustainable way.
This paper intends to unclog the potential hurdles that companies face while
adopting CSR, by providing a framework on which they can build upon.
Understanding the approach to CSR, creation of a CSR philosophy and giving a
roadmap on how to implement CSR are key features of this report. Also, this paper
recommends a few simple but effective solutions which, if implemented, can go a
long way in making CSR ‘an absolute must’ in a large number of Indian
corporations. The results and solutions are formed based on the 2 case studies which
are about people’s perception on various CSR issues pertaining to their organization
and, how local community involvement can benefit companies immensely.
Key words: Corporate Social Responsibility (CSR), Sustainability, local
community, and CSR framework.
4
5. INTRODUCTION:
The first decade of the new millennium witnessed a period of high growth for
the Indian corporate sector and the emergence of a strong India Inc. having a
significant global footprint. Although the financial crisis certainly shook Indian and
global markets, the corporate has recovered strongly from the jolt and the future is
definitely looking very bright. However, the corporate sector is also standing in the
midst of a sustainability crisis that poses a threat to the very existence of business.
Increased competition and commercial pressure are combining with rising regulatory
standards and stringent calls for responsible practices, to create a whole new playing
field for business. What we have before us is a cross-road where one path leads us to
an inclusive growth and the other may lead us into an unsustainable future. It is in
this context that the integration of economic, social, ethical and environmental
responsibilities of a company becomes indispensable. The saying that ‘Profits are
about what you do, CSR is about who you are’ is gaining more and more
importance especially for MNCs and the big public sector companies. Though there
is a little doubt in whether companies should involve in CSR or not, the reality that so
many corporations do not have a structured framework to go about CSR raises some
significant questions that are to be answered.
India has one of the world’s richest traditions of CSR. The concept of ‘ethical
giving’ is something that has been rooted into our country’s historic traditions since
time immemorial. Although CSR activities in India picked up greatly after the
liberalization of the 90’s, it has been shown that companies like Tatas were into CSR
as early as the 1900’s. The challenge now is not to seek whether companies are
involved in CSR or not; they already are. The challenge is to ‘channelize their
efforts properly so that society and environment benefits in an optimum way’.
5
6. This paper deals with how companies approach CSR and how it should be
done. Secondly, it forms the foundation of a CSR philosophy by explaining about the
different levels of CSR that companies have to implement. Thirdly, with a
philosophy in place, the paper gives insights into the two different but parallel types
of CSR. The paper then recommends how CSR should be implemented and what are
the benefits of a carefully designed sustainable CSR practice. Finally, we give some
solutions which will help integrate CSR into the daily business practices of the
company. These solutions, if implemented properly could result in wide-ranging
benefits starting from cost cutting, brand enhancement to public goodwill and
government support. Probably it’s high time that organizations realized CSR as not
only a tactical response to potential crises but also as an acknowledgement of the fact
that businesses cannot thrive in a sick society and poor environment.
Challenges of present day Indian corporations:
As corporations pursue growth through globalization, they encounter new
challenges that impose limits to their growths and potential profits. Government
regulations, tariffs, environmental restrictions and human rights violations are
problems that can cost organizations millions of rupees. It is in a context like this that
the ‘Triple Bottom Line’ (TBL) approach comes into being. Simply put, TBL
approach focuses from 3 angles viz. Economic, societal and an environmental
perspective. To understand more about the TBL approach, let’s first look into the
contemporary sustainability challenges that organizations face.
6
7. Economic Challenges
o Cost cutting
o Employee motivation/retention
o Brand enhancement
o Access to new markets/products
Societal Challenges
o Child labor/ Human rights issues
o Transparent and Responsible practices
o Stakeholder Treatment
o Poverty, Unemployment, Illiteracy etc…
Environmental Challenges
7
8. o Global Warming
o Depletion of fossil fuels/Pollution
o Waste disposal
o Land degradation/Water scarcity
The benefits of an integrated corporates-community-government partnership can be
awesome and it is towards this realization that the authors of this paper have worked
on. Before moving on to the types and levels of CSR it is important to understand
the CSR approach, both historically and contemporarily.
CSR – Definition and Approach
The totality of CSR can be best understood by 3 words: ‘corporate’ ‘social’
‘responsibility’. CSR relates to the responsibilities that corporations have towards
the societies and environments within which they are based and operate. A bookish
definition of CSR reads like ‘"Corporate Social Responsibility is the continuing
commitment by 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". Since CSR is such a broad concept and
involves different levels of work to different levels of the society, it is important to
get a detailed look into what constitutes CSR and how it should be approached.
CSR approach – Traditional vs. Modern:
The CSR approach in India can be divided into traditional and modern
approach. The traditional approach can be very easily understood by one word –
‘philanthropy’. Traditionally, CSR practices of a company remained within the
control of top management viz. the owners’ wives or their family members. On a
8
9. brighter note, companies also recognized the importance of their workers and
maintenance of a safe workplace. But the times of traditional CSR are outdated.
Modern practices have overtaken the former and it’s essential that companies shift to
the modern approach if they haven’t already done so. Now what is this modern CSR
approach?
The modern approach to CSR focuses on inclusive growth. Apart from the
monetary help, companies involve the local communities in their CSR operations as
the local people best know their requirements. Forming a CSR wing and assigning
some of their large capital of human capital for this purpose is also a very good way
of approaching this problem. But since this cannot be done by smaller organizations,
a better method is to integrate the CSR practices into the daily business operations of
the companies. Now there are 2 big questions for the corporates:
How to make the shift towards modern approach and
How to scale their operations in the modern approach.
To address these two issues, it is critical to have a common CSR philosophy. A step-
by-step procedure on what are the levels of CSR can go a long way in getting
companies take the first big step towards successful modern CSR.
Levels of CSR:
Though there is no textbook procedure in explaining the CSR levels, the
authors have tried to classify the different levels based on case studies and research.
They are:
1. Manage risks and meet stakeholder expectations for responsible behavior:
Like ‘charity begins at home’, the CSR practices of a company start from its
9
10. workplace. Maintaining a safe workplace, taking proper care of workers’ needs
and, in a larger level – meeting the expectations of customers by giving good
quality products at reasonable prices is the most basic form of CSR.
2. Process Improvement:
This level of CSR deals with improving the ‘operational processes’
thereby leading to reduced costs and better usage of resources. Almost all present
day companies focus on process improvement at one stage or another in their
operations. Some companies do it for their own good and others for the good of
the society. Proper treatment of effluents, minimizing emissions and waste are
some of the areas where companies could focus their LEVEL 2 CSR energies on.
3. Product Improvement
Product improvement refers to ‘design improvements and product
innovations’. Companies doing improvements at these levels are driven primarily
by stakeholders’ expectations and feedbacks. The transition from INTERNAL
CSR to EXTERNAL CSR happens here. Companies start to develop products
with the society and environment in mind. Higher profits, brand enhancement,
customer retention are some of the benefits that companies can gain in CSR
LEVEL 3. Most popular examples are Google’s blackle and cocodle products.
4. Community Context Level
Businesses never exist in isolation. A company is a sum total of its
products, workers, community and its environment. Because companies depend
upon the local communities and environments for their resources and human
10
11. capital, it is only fair that companies give a share of the profits back to the
society. This stage focuses on the welfare activities that are carried out for people
who are directly affected by the companies’ operations.
5. Embedding CSR into business operations
Once companies start focusing on the community context level, the next
big step is towards inculcating the CSR practices into their mainstream business
operations. Having CSR oriented mission and vision goals in their targeted work
plan is one such example.
6. Business Context Level
This stage involves changing the ‘rules of the game’ so that companies
develop sustainable strategies that are both feasible and competitive.
Collaboration with NGOs, developing innovative products that benefit the
society, manufacturing eco-friendly products are some of the milestones in
achieving this level.
Types of CSR:
SL.No. Strategic CSR Operational CSR
1 Long term; leadership Medium term; management
2
Work to address monumental
industry/societal challenges;
partner with industry, customers,
suppliers, governments, NGO’s,
communities, competitors
Engage with and manage range
of stakeholders and issues to
ensure investments and
operations meet both shareholder
and stakeholder expectations
3
Requires new relationship with
analysts and the quarterly
earnings game
Requires integration of
environmental, social and
operational expertise
4
Result – competitive advantage
Result – higher profitability,
license to operate
11
12. How to go about CSR:
Ways to embed CSR into the daily business operations:
1. National Carbon Credit Rating System:
Carbon credits have been a huge factor in reducing the emissions in
developing countries. Indian companies are expected to make 600 million
CERs (Certified Emission Ratings) this year. With rates expected to go up to
€20 / tonne of CER, companies stand to gain a lot of money. Our
recommendation is that the credit rating system should be extended
domestically as well so that more and more companies will adopt
environment friendly business practices. The success of CFLs (Compact
SL.No. Disciplines Key Attributes
1
Understand your
current value position
Understand where and how the company is creating or
destroying shareholder and stakeholder value
2
Anticipate stakeholder
expectations
Track key trends, identify emerging issues, and
anticipate new stakeholder expectations
3
Set sustainable value
goals
Establish vision and goals regarding how to create
additional value for shareholders while reducing
negative impacts and/or creating value for stakeholders
4
Design value creation
initiatives
Identify sources of value and design initiatives to
capture shareholder and stakeholder value
5
Develop compelling
business case
Build a business case and obtain the resources needed
to capture shareholder and stakeholder value
6 Capture the value
Undertake activities and implement initiatives to capture
shareholder and stakeholder value
7
Validate results and
capture learning
Measure progress, track and validate results in
capturing shareholder and stakeholder value
8 Build capacity
Develop the mindset, capabilities and skills needed
to capture shareholder and stakeholder value
12
13. Fluorescent Lamps) proves the fact that - with great support, great products
can be innovated.
2. CSR Credits
The success story of the carbon credit system provides a compelling case to
create something on the lines of CERs for CSR. Having a CSR credit system
for organizations is one such wonderful idea. Suggested by our union minister
for corporate affairs Shri Salman Khursheed, this process could wake up the
entire corporate lot that are loathe to practice CSR practices. Of course, it is
bound to have pitfalls along the way, but the success stories of carbon credits
gives hope that anything, if properly implemented, can be successful.
3. SA 26001
Having a clear set of guidelines on ‘how to go’ about any programme
certainly works, especially so if it is from a reputed institution like the ISO.
The ISO standards of 9001-Quality, 14001- Environment and 18001-Safe
Operational Practices have drastically changed the commitment levels that
organizations earlier had towards the above practices. If SA 26001 becomes a
standard rather than the voluntary process (as has been proposed by ISO),
companies commitment levels towards CSR will shoot up.
4. Formation of CSR Concepts
The ‘Pareto Principle’, ‘Six Sigma Principle’, the ‘5s of housekeeping’ -
concepts that revolutionized workplace productivity. What we have to infer
here is that these things happened because businesses placed so much effort
on productivity that something had to spurt out from someone somewhere.
13
14. When corporates start being under that kind of pressure to pursue CSR,
specific CSR concepts will arise giving a boost to society and environment.
5. Collaboration of Companies with common interest
Corporates are supposed to have the cream of the intellectual lot and as such
it is only obvious that these people are expected to take the society and
country forward. If companies from the same community start forging
partnerships, it would significantly reduce research, time and wastage of
human capital thereby leading to increased benefits for societies in much
shorter time. This idea can be an effective groundwork for the triple alliance
of corporates-governments-local community that can produce deadly benefits
for the society in an overnight period.
Case Studies:
We carried out a small survey in and around our company with people at
different managerial levels, age, gender etc. The questionnaire included the
following:
1) What do you look for while buying a product from the options given below?
a) Price
b) Quality
c) Brand
d) Quantity
2) Do you buy a product even if it is priced slightly higher because it is environment friendly?
a) Yes
b) No
3) Do you stop buying a product if you come to know about its harmful effects
on environment & society even if you are a long term user of that product?
a) Yes
b) No
4) Do you believe that businesses exist only to make profits?
a) Yes
b) No
5) In a scale of 10 with 1 being lowest & 10 being highest rate
your general knowledge about companies involved in helping out local communities?
6) Would you prefer a company
14
15. a) that pays you better but does not contribute to the welfare of society
b) that pays you a little less but does contribute to the welfare of society
7) Are you aware of the activities that are being done by your company
towards society and environment?
a) Yes
b) No
8) Whom do you think has the most obligation to help society and environment?
a) Government
b) Individuals/NGO
c) Corporates
d) All of the above
9) Do you think it should be made mandatory for companies to carry out
Social welfare activities once they 'break even' (i.e. once they recover the initial
setting up costs and start making profits).
a) Yes
b) No
10) In a few words give your views on 'corporates' responsibility towards
society and environment.
The outcome of the survey is as follows:
We have also studied the different activities initiated and performed by corporates in
order to bring CSR into their curriculum.
Following are the names of few companies in India belonging to different sectors
illustrating its CSR activities:
15
16. Sr.
No.
Sector Company
CSR ACTIVITIES
1 Automobiles Ashok Leyland Ltd.
1. Manufactures fuel efficient trucks.
2. Launched a dedicated mobile emission clinic
operating on highways.
3. Drivers training centers, awareness sessions for
sexually transmitted disease.
4. Green supply chain management and research
efforts at conserving resources.
2 Banking Union Bank Ltd.
1. Working on 100% financial inclusion of villages
and creating financial awareness by providing
financial education services and debt counseling to all
strata of the society especially the rural population
3 Cement ACC Ltd
1. Developing community living around its factories.
2. Separate environment performance report
measuring the impact of its process and products.
4 Chemicals
Kansai Nerolac Paints
Ltd.
1. Linked to reducing the negative impact of
company's products and process.
2. Reduced the usage of hazardous pollutants like
heavy metal based pigments and dyes every year.
5 Construction GMR Infrastructure Ltd.
1. Focuses on developing social infrastructure and
enhance the quality of life of communities
2. Operates through its foundation GMRVF.
6 Electronics Siemens Ltd
1. Worked on wild life preservation by creating
awareness on protection of the Oliver Ridley turtles,
2. Work towards providing equal opportunity for the
disabled, home for street children and children of
single parents.
7 Heavy Engineering Larsen and Toubro Ltd.
1. Built projects thereby enriching lives of many. For
e.g.: involved in constructing the pipeline network for
reservoirs and dams in drought prone districts of
Andhra Pradesh.
2. Use clean fuel technology.
3. Welfare activities for child health, primary
education, HIV/AIDS awareness, health centers etc...
8 Financial Services HDFC Ltd.
1. Maintained its focus on enabling the lower and
middle income groups to access affordable housing.
2. Uses its core competence in the housing sector for
projects in micro-finance and low-income housing.
9 Software and ITES
Infosys Technologies
Ltd
1. Focuses on education activity through academic
research, rural reach of basic computer education,
student fellowships and teacher training.
10 Iron and Steel Tata Steel Ltd.
1. Created cities like Jamshedpur around its industrial
facility and has taken care of roads, sanitation, water,
electricity supply, healthcare and street lights.
2. Separate environment management section that
includes reduction of emissions, energy use,
regeneration of forests, and recycling of wastes.
11 Metal
Tinplate Co. of India
Ltd.
1. Reuse, recycle of water and waste acid, waste oil,
reduction in noise level, energy conservation etc.
2. Adopted CII-Codes for Affirmative action for
ecologically sustainable business growth.
12 Oil and Gas BPCL 1. Adopted 37 villages.
16
17. 2. Providing them fresh drinking water, sanitation
facilities, medical facilities, enhancing their income
standards by imparting vocational training and
agricultural innovations, healthcare, empowerment of
women etc.
3. Towards environment the company confirms to
stringent ECO friendly EURO- III norms, reduce the
level of pollutants in the air, rain water harvesting,
Project Boon to save water
13 Paper Ballarpur Industries Ltd
1. Site specific community initiatives.
2. Farm forestry, reduction of water consumption,
reduction of effluent discharge, natural resource
management.
14 Pharmaceuticals Jubilant Organosys Ltd.
1. Environment report measuring the impact of their
products and process thereby reducing the
environment load through process improvement.
2. Working for the communities around their
manufacturing sites.
15
FMCG and Consumer
Durables
Dabur India Ltd.
1. Dabur has initiated some significant programmes
for ecological regeneration and protection of
endangered plant species The company is also
involved in reforestation in the Himalayan ranges.
BENEFITS OF CSR:
17
18. CONCLUSION
Traditional expectations of businesses are changing. It is no longer enough to
simply employ people, make a profit and pay taxes. With customers and society
spoilt for choice, it becomes a necessity that companies invest back the cash from
where they get it. In spite of being a century or so old, Jamshedji Tata’s words are
still so relevant, “The clear definition of CSR is that- the community is not just
another stakeholder in our business but the very purpose of our existence”. Creation
of a CSR philosophy, Understanding how to integrate them into our company’s
mainstream business and forming a triple alliance of corporates-governments-
local communities can work wonders for all the ills of our society and
environment. The final question is whether “CSR is an exercise of business
judgment, or compliance with a legal mandate? The answer is both, judgment
and mandate.
18
19. References:
1. Strengthening the Link between CSR and Shareholder Value – Dave
Sherman; Presented at the IQPC Conference, 2003.
2. The business case for CSR – Arthur D Little; World Economic Forum's
annual Meeting, January 2002.
3. Company Stakeholder Responsibility: A New Approach to CSR - R. Edward
Freeman, S. Ramakrishna Velamuri, Brian Moriarty : business roundtable
institute for corporate ethics,2006
4. Corporate Social Responsibility and Environmental Ethics: The Indian
Context; Vikramaditya Singh Malik, and Roshan Santhalia, Students, B.A.
LL.B. (Hons.) Second Year, NALSAR University of Law, Hyderabad,
India.
5. http://karmayog.org/int-csr/ as last visited on 29th
June 2010.
6. Corporate Social Responsibility Voluntary Guidelines; India Corporate Week,
Dec 14-21, 2009.
7. Corporate Social Responsibility in the Globalization era: Goran Milovanović,
Nada Barac, Aleksandra Andjelković; University of Niš, 18000 Niš, Serbia,
2009.
8. CSR - Its place in business and the world’: Corporate Social Responsibility
Seminar jointly organized by the Institute of Southeast Asian Studies & the
EU delegation to Singapore.
9. The State of CSR in India 2004: Ritu Kumar, Director TERI-Europe, London,
UK. Presented for the national seminar on Corporate Social Responsibility.
19