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.
The document discusses the evolution of corporate social responsibility (CSR) globally and in India over several phases from the 19th century to present. It provides definitions of CSR and outlines key events and developments in different decades that helped define CSR. In India specifically, CSR evolved from early philanthropic activities to becoming a strategic business practice. The document also examines CSR practices of Infosys company and concludes that CSR has both an ethical and business component in India.
The document discusses the concept of corporate social responsibility from multiple perspectives. It provides definitions of CSR from various organizations that focus on businesses managing their operations in a way that benefits society. The document also outlines the historical evolution of CSR and discusses some of the drivers and benefits of companies adopting CSR practices, such as strengthening their brand and attracting employees. It provides some examples of CSR programs and issues some companies have faced regarding their social and environmental impacts.
Corporate Social Responsibility - An OverviewVineet Murli
This document discusses the concept of corporate social responsibility (CSR). It defines CSR as companies taking responsibility for their environmental and social impacts and engaging in activities that benefit society beyond legal requirements. The document outlines the basic principles of CSR, including that businesses are interconnected with society and have responsibilities beyond profit and shareholders. It also provides examples of CSR initiatives in India and discusses approaches companies take to CSR.
Corporate social responsibility (CSR) is defined as businesses behaving ethically and contributing to economic development while improving quality of life for employees, local communities, and society. Businesses depend on society for infrastructure, workforce, consumers, and more, so they have a responsibility to give back. CSR can be implemented through adopting strong values, generating stakeholder intelligence, and responding positively to stakeholder issues. It provides benefits like improved reputation, sales, employee retention, and risk management. CSR addresses issues like community assistance, health/welfare, education, human rights, and the environment. Responsibilities include product quality, reasonable prices, ethical advertising, and supporting community programs.
The document compares three models of corporate governance: Anglo-US, German, and Japanese. The Anglo-US model separates ownership and control with outsider shareholders and boards including insider and outsider directors. The German model uses a two-tier board structure with a supervisory board of outsiders. The Japanese model involves ownership by affiliated banks and companies with little outside shareholder influence and insider-only boards dependent on maintaining profits.
This document provides an overview of corporate social responsibility (CSR) including definitions of CSR, different views on CSR, and arguments for and against CSR. It defines CSR as a voluntary commitment by companies to behave ethically and improve quality of life for stakeholders. There are two main views on CSR - the shareholder view that a company's only responsibility is to maximize shareholder wealth, and the stakeholder view that companies should treat all stakeholders with dignity. The document also discusses whether companies should be involved in CSR and outlines some pros and cons of CSR engagement.
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.
This document provides an introduction to corporate social responsibility (CSR), including a definition, reasons for adopting CSR programs, potential objections to CSR, and how CSR programs can be communicated and reported. It discusses the business advantages of CSR in areas like human resources, risk management, and brand differentiation. It also presents alternative viewpoints on CSR and considers frameworks for CSR reporting, including using triple bottom line accounting and standards from organizations like the Global Reporting Initiative.
The document discusses the evolution of corporate social responsibility (CSR) globally and in India over several phases from the 19th century to present. It provides definitions of CSR and outlines key events and developments in different decades that helped define CSR. In India specifically, CSR evolved from early philanthropic activities to becoming a strategic business practice. The document also examines CSR practices of Infosys company and concludes that CSR has both an ethical and business component in India.
The document discusses the concept of corporate social responsibility from multiple perspectives. It provides definitions of CSR from various organizations that focus on businesses managing their operations in a way that benefits society. The document also outlines the historical evolution of CSR and discusses some of the drivers and benefits of companies adopting CSR practices, such as strengthening their brand and attracting employees. It provides some examples of CSR programs and issues some companies have faced regarding their social and environmental impacts.
Corporate Social Responsibility - An OverviewVineet Murli
This document discusses the concept of corporate social responsibility (CSR). It defines CSR as companies taking responsibility for their environmental and social impacts and engaging in activities that benefit society beyond legal requirements. The document outlines the basic principles of CSR, including that businesses are interconnected with society and have responsibilities beyond profit and shareholders. It also provides examples of CSR initiatives in India and discusses approaches companies take to CSR.
Corporate social responsibility (CSR) is defined as businesses behaving ethically and contributing to economic development while improving quality of life for employees, local communities, and society. Businesses depend on society for infrastructure, workforce, consumers, and more, so they have a responsibility to give back. CSR can be implemented through adopting strong values, generating stakeholder intelligence, and responding positively to stakeholder issues. It provides benefits like improved reputation, sales, employee retention, and risk management. CSR addresses issues like community assistance, health/welfare, education, human rights, and the environment. Responsibilities include product quality, reasonable prices, ethical advertising, and supporting community programs.
The document compares three models of corporate governance: Anglo-US, German, and Japanese. The Anglo-US model separates ownership and control with outsider shareholders and boards including insider and outsider directors. The German model uses a two-tier board structure with a supervisory board of outsiders. The Japanese model involves ownership by affiliated banks and companies with little outside shareholder influence and insider-only boards dependent on maintaining profits.
This document provides an overview of corporate social responsibility (CSR) including definitions of CSR, different views on CSR, and arguments for and against CSR. It defines CSR as a voluntary commitment by companies to behave ethically and improve quality of life for stakeholders. There are two main views on CSR - the shareholder view that a company's only responsibility is to maximize shareholder wealth, and the stakeholder view that companies should treat all stakeholders with dignity. The document also discusses whether companies should be involved in CSR and outlines some pros and cons of CSR engagement.
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.
This document provides an introduction to corporate social responsibility (CSR), including a definition, reasons for adopting CSR programs, potential objections to CSR, and how CSR programs can be communicated and reported. It discusses the business advantages of CSR in areas like human resources, risk management, and brand differentiation. It also presents alternative viewpoints on CSR and considers frameworks for CSR reporting, including using triple bottom line accounting and standards from organizations like the Global Reporting Initiative.
Corporate governance and social responsibilityNeha Chauhan
Corporate governance and social responsibility are important concepts for companies. Good corporate governance involves internal controls, independent auditing, oversight of risk management and financial reporting, and setting executive compensation. It also includes nominating board members and addressing issues like conflicts of interest. In India, some past corporate scandals like the 2G spectrum case and Satyam fraud showed the need for better governance. Corporate social responsibility involves companies addressing social and environmental impacts and engaging with local communities. The concept has evolved in India from early philanthropy to now being integrated with business strategy and mandated by law for large companies to spend on CSR activities.
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 responsibility (CSR). It defines CSR as a voluntary business initiative to contribute to society and the environment. The document outlines the objectives of CSR, including understanding its principles and benefits. It discusses CSR definitions, myths, legislation, initiatives, case studies and measuring performance. CSR is presented as beneficial for businesses through improved reputation, attracting customers and talent, and cost savings. The case studies provide examples of successful CSR programs and their positive outcomes for small and large companies.
The document discusses corporate social responsibility (CSR) objectives, methodologies, concepts, and implementation strategies. The key objectives of CSR discussed are harnessing growth for sustainable development, preserving the environment and community welfare, and creating income growth and jobs. The document outlines CSR concepts like the pyramid of CSR and its four pillars. It provides examples of CSR strategies like ITC's e-Choupal initiative in India which created a virtual marketplace and social benefits for farmers. The summary discusses benefits of CSR like shared value and competitiveness, and challenges like lack of commitment and financial resources.
Corporate social responsibility (CSR) refers to activities that demonstrate a business's commitment to operating in an economically, socially, and environmentally sustainable manner. CSR involves businesses self-regulating their operations to ensure compliance with ethical and social standards. CSR policies aim to have a positive impact on stakeholders such as employees, customers, communities, and the environment. Critics argue that CSR contradicts the purpose of business to maximize profits, while proponents assert that CSR can improve long-term profitability by reducing risks and strengthening brand reputation.
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.
Corporate social responsibility: How economic is it to be socially responsible??kirmanialika
This document discusses corporate social responsibility (CSR). It defines CSR as companies managing business processes to have an overall positive social impact, and embracing responsibility for actions to encourage positive environmental, consumer, employee, community, and stakeholder impacts. CSR involves balancing economic, legal, ethical, and philanthropic responsibilities. The document outlines the historical development of CSR and key CSR issues. It discusses arguments for and against CSR, and provides an example of CSR practices at ITC Limited in India. In conclusion, it argues that while CSR limits profits, businesses impact many people and have a social responsibility to consider people and the planet, not just profits.
The document describes Carroll's Pyramid of Social Responsibility, which presents four types of responsibilities for businesses: economic, legal, ethical, and philanthropic. It places economic responsibilities at the base as the foundation, with legal, ethical, and philanthropic responsibilities ascending higher up the pyramid. The pyramid provides a framework for understanding a business' evolving responsibilities to society.
Meaning of CSR
Social Responsibility theories
Pyramid of CSR
Contemporary CSR
Corporate Sustainability
Reputation Management
Environmental aspect of CSR
Companies Practices : Environmental aspect of CSR
CSR models
Triple bottom Line
Drivers of CSR
CSR and business ethics
Cases on CSR
CSR and corporate governance
This document discusses business ethics and provides definitions, importance, practices, and theories related to business ethics. It defines business ethics as the study of moral rules and regulations governing business situations and decisions. It highlights the importance of business ethics in protecting reputation, ensuring fair practices, and determining obligations. Unethical practices like dishonesty can harm a business through costs like requiring an ethics monitor. Factors influencing business ethics include leadership, personality, policies, and the external environment. Ethical dilemmas may arise when choosing between benefiting people or the business. Common ethics theories explored are utilitarian, rights, justice, and virtue approaches. Globalization requires considering diverse cultural values in business policies.
The document discusses corporate social responsibility (CSR). It provides an introduction to CSR, explaining that CSR involves businesses self-regulating to ensure they comply with ethical standards and positively impact stakeholders. The document then discusses approaches to CSR, benefits of CSR, and criticisms of CSR. It analyzes issues around using CSR to address crises and problems of relying solely on government regulation of businesses.
The triple bottom line (TBL) framework evaluates a company's performance across three dimensions of social, environmental and financial sustainability. It was first coined by John Elkington in 1998 to describe a business's accountability to its stakeholders, including people, planet and profit. A TBL company considers the well-being of its employees, reduces its environmental impact through sustainable practices, and creates real economic value for the community rather than just profits for shareholders. All three pillars are interdependent, and a truly sustainable business model avoids harmful products and accounts for full life cycle costs and disposal to minimize its ecological footprint.
The document provides an overview of corporate social responsibility (CSR) through a presentation by R.K. Sahoo on August 14, 2012. It defines CSR as a company's commitment to operate in an economically, socially, and environmentally sustainable manner. The presentation discusses the importance of CSR and outlines how companies can integrate the principles of CSR, such as by respecting human rights, protecting the environment, and contributing to local communities.
Role of various agencies in ensuring ethics in corporations by pankajPankaj Chandel
The document discusses the role of various agencies in ensuring ethics in corporations, including public opinion, auditors, boards of directors, media, government agencies, judiciary, and whistleblowers. It focuses on the duties and responsibilities of auditors in India, such as certifying accurate financial reporting, compliance audits, and identifying issues. Several committees have made recommendations to improve auditing practices by establishing audit committees, rotating audit partners, prohibiting non-audit services, and increasing financial disclosures and penalties for improper conduct.
The document discusses corporate social responsibility (CSR) and related concepts. It outlines factors driving the need for CSR like globalization and irresponsible behavior by companies. CSR aims to improve society and the environment through sustainable business practices. Developing an effective CSR strategy involves assessing stakeholders, building support, and implementing and monitoring programs. Reporting and metrics help ensure accountability and measure CSR impacts.
This document discusses key issues in corporate governance. It begins by defining corporate governance as the interaction between shareholders, the board of directors, and management in directing a company. It then lists 7 main issues: 1) Remuneration and rewarding of directors, 2) The board's responsibility for risk management and internal controls, 3) Reliability of financial reporting and external auditors, 4) Duties of directors, 5) Shareholders' rights and responsibilities, 6) Separation of the CEO and chairperson roles, and 7) Corporate social responsibility and business ethics. For each issue, it provides 1-2 paragraphs explaining the relevance and concerns around each topic.
History of corporate social responsibilityRajThakuri
The document outlines the three phases of corporate social responsibility (CSR): Phase 1 from 1960-1990 when CSR began; Phase 2 from 1990-2000 when CSR initiation took place; and Phase 3 from 2000 onward as the post-CSR phase. It traces the origins and evolution of CSR concepts from the 1900s to present day, including early works, increased environmental awareness in the 1960s, mandatory social reporting in the 1970s, and influential theories from Friedman and Freeman.
This document discusses corporate social responsibility (CSR) in detail. It provides meanings and definitions of CSR, outlines the responsibilities of businesses towards various stakeholders like society, government, shareholders, employees and consumers. It also discusses various CSR principles and strategies, models of CSR like Friedman model and Carroll model, best practices, and the need for CSR. The document is a comprehensive overview of the topic of CSR.
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 initiatives between public sector and.pptxAyaanKhan453492
Corporate social responsibility (CSR) refers to companies practicing environmental, ethical, philanthropic, and financial responsibility. This document compares CSR initiatives between public and private sector companies in India. An analysis of 18 major Indian companies found that most top-scoring companies in terms of CSR percentages, stakeholder engagement, disclosure, and governance were private sector corporations. Specifically, of the top 5, 7 of the top 10, and 11 of the top 15 scoring companies were private sector businesses. Therefore, the analysis concluded that private sector companies in India generally demonstrate more comprehensive and committed CSR initiatives compared to public sector companies.
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.
Corporate governance and social responsibilityNeha Chauhan
Corporate governance and social responsibility are important concepts for companies. Good corporate governance involves internal controls, independent auditing, oversight of risk management and financial reporting, and setting executive compensation. It also includes nominating board members and addressing issues like conflicts of interest. In India, some past corporate scandals like the 2G spectrum case and Satyam fraud showed the need for better governance. Corporate social responsibility involves companies addressing social and environmental impacts and engaging with local communities. The concept has evolved in India from early philanthropy to now being integrated with business strategy and mandated by law for large companies to spend on CSR activities.
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 responsibility (CSR). It defines CSR as a voluntary business initiative to contribute to society and the environment. The document outlines the objectives of CSR, including understanding its principles and benefits. It discusses CSR definitions, myths, legislation, initiatives, case studies and measuring performance. CSR is presented as beneficial for businesses through improved reputation, attracting customers and talent, and cost savings. The case studies provide examples of successful CSR programs and their positive outcomes for small and large companies.
The document discusses corporate social responsibility (CSR) objectives, methodologies, concepts, and implementation strategies. The key objectives of CSR discussed are harnessing growth for sustainable development, preserving the environment and community welfare, and creating income growth and jobs. The document outlines CSR concepts like the pyramid of CSR and its four pillars. It provides examples of CSR strategies like ITC's e-Choupal initiative in India which created a virtual marketplace and social benefits for farmers. The summary discusses benefits of CSR like shared value and competitiveness, and challenges like lack of commitment and financial resources.
Corporate social responsibility (CSR) refers to activities that demonstrate a business's commitment to operating in an economically, socially, and environmentally sustainable manner. CSR involves businesses self-regulating their operations to ensure compliance with ethical and social standards. CSR policies aim to have a positive impact on stakeholders such as employees, customers, communities, and the environment. Critics argue that CSR contradicts the purpose of business to maximize profits, while proponents assert that CSR can improve long-term profitability by reducing risks and strengthening brand reputation.
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.
Corporate social responsibility: How economic is it to be socially responsible??kirmanialika
This document discusses corporate social responsibility (CSR). It defines CSR as companies managing business processes to have an overall positive social impact, and embracing responsibility for actions to encourage positive environmental, consumer, employee, community, and stakeholder impacts. CSR involves balancing economic, legal, ethical, and philanthropic responsibilities. The document outlines the historical development of CSR and key CSR issues. It discusses arguments for and against CSR, and provides an example of CSR practices at ITC Limited in India. In conclusion, it argues that while CSR limits profits, businesses impact many people and have a social responsibility to consider people and the planet, not just profits.
The document describes Carroll's Pyramid of Social Responsibility, which presents four types of responsibilities for businesses: economic, legal, ethical, and philanthropic. It places economic responsibilities at the base as the foundation, with legal, ethical, and philanthropic responsibilities ascending higher up the pyramid. The pyramid provides a framework for understanding a business' evolving responsibilities to society.
Meaning of CSR
Social Responsibility theories
Pyramid of CSR
Contemporary CSR
Corporate Sustainability
Reputation Management
Environmental aspect of CSR
Companies Practices : Environmental aspect of CSR
CSR models
Triple bottom Line
Drivers of CSR
CSR and business ethics
Cases on CSR
CSR and corporate governance
This document discusses business ethics and provides definitions, importance, practices, and theories related to business ethics. It defines business ethics as the study of moral rules and regulations governing business situations and decisions. It highlights the importance of business ethics in protecting reputation, ensuring fair practices, and determining obligations. Unethical practices like dishonesty can harm a business through costs like requiring an ethics monitor. Factors influencing business ethics include leadership, personality, policies, and the external environment. Ethical dilemmas may arise when choosing between benefiting people or the business. Common ethics theories explored are utilitarian, rights, justice, and virtue approaches. Globalization requires considering diverse cultural values in business policies.
The document discusses corporate social responsibility (CSR). It provides an introduction to CSR, explaining that CSR involves businesses self-regulating to ensure they comply with ethical standards and positively impact stakeholders. The document then discusses approaches to CSR, benefits of CSR, and criticisms of CSR. It analyzes issues around using CSR to address crises and problems of relying solely on government regulation of businesses.
The triple bottom line (TBL) framework evaluates a company's performance across three dimensions of social, environmental and financial sustainability. It was first coined by John Elkington in 1998 to describe a business's accountability to its stakeholders, including people, planet and profit. A TBL company considers the well-being of its employees, reduces its environmental impact through sustainable practices, and creates real economic value for the community rather than just profits for shareholders. All three pillars are interdependent, and a truly sustainable business model avoids harmful products and accounts for full life cycle costs and disposal to minimize its ecological footprint.
The document provides an overview of corporate social responsibility (CSR) through a presentation by R.K. Sahoo on August 14, 2012. It defines CSR as a company's commitment to operate in an economically, socially, and environmentally sustainable manner. The presentation discusses the importance of CSR and outlines how companies can integrate the principles of CSR, such as by respecting human rights, protecting the environment, and contributing to local communities.
Role of various agencies in ensuring ethics in corporations by pankajPankaj Chandel
The document discusses the role of various agencies in ensuring ethics in corporations, including public opinion, auditors, boards of directors, media, government agencies, judiciary, and whistleblowers. It focuses on the duties and responsibilities of auditors in India, such as certifying accurate financial reporting, compliance audits, and identifying issues. Several committees have made recommendations to improve auditing practices by establishing audit committees, rotating audit partners, prohibiting non-audit services, and increasing financial disclosures and penalties for improper conduct.
The document discusses corporate social responsibility (CSR) and related concepts. It outlines factors driving the need for CSR like globalization and irresponsible behavior by companies. CSR aims to improve society and the environment through sustainable business practices. Developing an effective CSR strategy involves assessing stakeholders, building support, and implementing and monitoring programs. Reporting and metrics help ensure accountability and measure CSR impacts.
This document discusses key issues in corporate governance. It begins by defining corporate governance as the interaction between shareholders, the board of directors, and management in directing a company. It then lists 7 main issues: 1) Remuneration and rewarding of directors, 2) The board's responsibility for risk management and internal controls, 3) Reliability of financial reporting and external auditors, 4) Duties of directors, 5) Shareholders' rights and responsibilities, 6) Separation of the CEO and chairperson roles, and 7) Corporate social responsibility and business ethics. For each issue, it provides 1-2 paragraphs explaining the relevance and concerns around each topic.
History of corporate social responsibilityRajThakuri
The document outlines the three phases of corporate social responsibility (CSR): Phase 1 from 1960-1990 when CSR began; Phase 2 from 1990-2000 when CSR initiation took place; and Phase 3 from 2000 onward as the post-CSR phase. It traces the origins and evolution of CSR concepts from the 1900s to present day, including early works, increased environmental awareness in the 1960s, mandatory social reporting in the 1970s, and influential theories from Friedman and Freeman.
This document discusses corporate social responsibility (CSR) in detail. It provides meanings and definitions of CSR, outlines the responsibilities of businesses towards various stakeholders like society, government, shareholders, employees and consumers. It also discusses various CSR principles and strategies, models of CSR like Friedman model and Carroll model, best practices, and the need for CSR. The document is a comprehensive overview of the topic of CSR.
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 initiatives between public sector and.pptxAyaanKhan453492
Corporate social responsibility (CSR) refers to companies practicing environmental, ethical, philanthropic, and financial responsibility. This document compares CSR initiatives between public and private sector companies in India. An analysis of 18 major Indian companies found that most top-scoring companies in terms of CSR percentages, stakeholder engagement, disclosure, and governance were private sector corporations. Specifically, of the top 5, 7 of the top 10, and 11 of the top 15 scoring companies were private sector businesses. Therefore, the analysis concluded that private sector companies in India generally demonstrate more comprehensive and committed CSR initiatives compared to public sector companies.
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.
Corporate social responsibility emerged in the 1960s as companies faced increasing pressure to address harmful impacts of their operations. CSR involves voluntary commitments by companies beyond legal and economic obligations. It can be defined as accommodating corporate behavior to societal values and expectations. There are various approaches to CSR, including Milton Friedman's view that a company's only responsibility is to increase profits legally, and Archie Carroll's view that companies have economic, legal, ethical, and discretionary responsibilities. Arguments for and against CSR center around profit maximization, resource fit, and lack of accountability.
- CSR emerged in the 1960s as companies faced increasing pressure to address harmful impacts of operations traditionally handled by governments.
- CSR can be defined as accommodating corporate behavior to societal values and expectations beyond legal and economic requirements.
- There are arguments both for and against CSR, relating to profit maximization, resource fit with social issues, and lack of corporate accountability. However, CSR can also improve corporate image, attract employees, and minimize government intervention.
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.
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.
Corporate Social Responsibility Activities of Tata GroupManjit Singh
The document discusses corporate social responsibility (CSR) activities of the Tata Group in India. It provides an overview of the history and evolution of CSR, outlines Tata Group's CSR initiatives such as education, healthcare, rural development programs, and environmental sustainability projects. The summary analyzes how Tata Group's CSR activities benefit the business through improved human resources, brand differentiation, risk management, and fulfilling their social responsibilities.
Corporate Social Responsibility And A CompanyAshley Thomas
Here are the key points I gathered from the document:
- Corporate social responsibility (CSR) refers to a company's obligation to consider the interests of society and take responsibility for its impact on stakeholders such as customers, employees, investors, communities, and the environment.
- CSR goes beyond legal compliance and involves voluntary activities that improve societal well-being. It is about how a company manages its economic, social, and environmental effects as well as its relationships with stakeholders.
- While CSR can help build goodwill and a positive brand image over time, some companies see it as too costly or slow to generate benefits. Implementing CSR activities also requires time and resources which could impact short-term profits.
- The
This document defines and discusses the concept of corporate social responsibility (CSR). It provides several definitions of CSR from different sources that generally portray CSR as operating a business in a socially and environmentally responsible manner that meets ethical standards and stakeholder expectations. The document traces the origins and development of CSR from the 1950s to the present. It also outlines some of the main arguments for why CSR is important for businesses, such as risk management, human resources, and brand differentiation.
Provisions for Corporate Social Responsibility in Companies Act, 2013RHIMRJ Journal
CSR as a concept has attracted worldwide attention and acquired a new resonance in the global economy Heightened
interest in CSR in recent years has stemmed from the advent of globalisation and international trade, which has reflected in
increased business complexity and new demands for enhanced transparency and corporate citizenship. Moreover, while
Governments have traditionally assumed the sole responsibility for the improvement of the living conditions of the population,
society’s needs have exceeded the capabilities of Governments to fulfill them. In this context, the spotlight is increasingly
turning to focus on the role of business in society and progressive companies are seeking to differentiate themselves through
engagement in what is referred to as CSR. The Companies Act, 2013 has taken one step ahead and introduced mandatory
provisions in the field of CSR. Though many believe that concerns on the new company law are manifold and it is a bold yet
not beautiful step. For instance, India Inc is concerned that the cost of board performance evaluation may outweigh the
benefits for many small companies in this regard. Also, it has concerns about the prospect of an over regulated regime and the
attendant scourge of corruption. Given the advantages and concerns on the new regulations introduced by the new Companies
Act, we all need to wait and watch once the companies start implementing the new provisions and therefore, the practical
aspects and implications will be evaluated thereafter.
Corporate social responsibility (CSR) refers to a company's obligation to consider the interests of customers, employees, shareholders, communities, and the environment in its business decisions and activities. CSR involves voluntary actions that businesses take to support social and environmental goals. It goes beyond legal compliance to promote the public interest through community development, ethical practices, and environmental stewardship. CSR has become a global concept where companies consider the impact of their activities on various stakeholders. Firms recognize that acting responsibly can create value for their business and employees feel proud to work for a socially committed company.
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.
Corporate social responsibility (CSR) refers to companies operating in a manner that is ethical, legal, and beneficial to society. While companies' main responsibility was traditionally maximizing profits, CSR recognizes that companies impact communities and the environment and have broader obligations. CSR includes practices like respecting human rights, protecting the environment, contributing to local communities, and ensuring ethical business practices. Companies benefit from CSR by improving relationships with stakeholders, managing risks and reputation, and attracting skilled employees and consumer loyalty.
Corporate social responsibility 4 generations of csrritiruchi
The document discusses the three generations of corporate social responsibility (CSR). The first generation focused on corporate philanthropy. The second generation sees CSR as an integral part of long-term business strategy. A third generation is needed where whole markets and public policies support sustainability and addressing social issues. However, questions remain around the appropriate roles and responsibilities of businesses versus governments and civil society.
This document is a final examination paper for a DBA course on advanced good governance and corporate social responsibility. It discusses good governance in education and defines it as a set of responsibilities and procedures exercised by institutions to provide strategic direction and ensure educational objectives are achieved through effective resource use, accountability, and participatory decision-making. The paper also discusses the principles of corporate social responsibility for maritime training centers in the Philippines and the need to consider social and environmental impacts alongside economic and business interests. It addresses the "triple bottom line" of corporate social responsibility encompassing economic, environmental and social factors.
The document defines corporate social responsibility (CSR) as a company integrating social and environmental concerns into its business operations and interactions with stakeholders. It discusses the history and evolving definitions of CSR. CSR refers to businesses operating in a manner that meets ethical, legal, and public expectations by establishing values, transparency, and accountability. It involves businesses balancing economic, social, and environmental interests of shareholders and stakeholders.
This document discusses the concept of corporate social responsibility (CSR). It begins by explaining how businesses are increasingly expected to address social issues involving stakeholders, society, the environment, and government. It then provides examples of CSR initiatives undertaken by various large Indian companies to benefit local communities. The document defines CSR as a self-regulating business model that considers the public interest and impacts on people, planet and profits. It acknowledges debates around CSR and whether it distracts from economic roles or is just public relations. Overall, the document outlines the concept and increasing importance of CSR.
The document summarizes key aspects of corporate social responsibility (CSR) including:
- The meaning and definitions of CSR, how it has evolved from voluntary to mandatory practices.
- The objectives of CSR which include embracing responsibility, maximizing societal impact, and giving back to communities.
- Benefits of CSR for businesses such as increased employee engagement, improved brand perception, and enabling better customer engagement.
- New amendments to CSR rules in India including clarifying eligible CSR activities and treatment of unspent/excess CSR funds which must be transferred to specified funds.
Social responsibilityof business - social marketingArise Roby
The document discusses the concept of corporate social responsibility, which refers to businesses taking responsibility for how their activities impact customers, suppliers, employees, communities, and the environment. It provides several models for understanding social responsibility, including Carroll's pyramid model that places economic, legal, ethical, and discretionary responsibilities in order of importance. The document also discusses factors that influence businesses' approach to social responsibility and arguments for and against greater business involvement in social issues.
Strategic marketing management involves making decisions around product, price, promotion, and distribution to achieve business goals. This includes segmenting customers, identifying target segments, and positioning products to create value for customers, companies, and collaborators. Managing elements of the marketing mix at the strategic level also requires considering factors like new product development, branding, pricing approaches, promotional strategies, and distribution channel design. The overall aim is developing marketing strategies and plans that lead to gaining market share, defending market position, and achieving profitable growth.
Public relations involves communicating the right messages to the right audiences at the right time through various tools and technologies. It helps organizations adapt to their various stakeholders. The key objectives of public relations include building brand awareness, managing reputation, and achieving marketing goals. PR theories provide frameworks for understanding how to build effective relationships between organizations and their publics. Situational theory examines how problems, constraints, and level of involvement influence whether audiences will seek information. Diffusion theory outlines the process of idea adoption from awareness to final acceptance. Social exchange theory uses a cost-benefit approach to predict behaviors. Systems theory views organizations as open systems that adapt to their changing environments.
This document discusses integrated marketing communication (IMC), including its meaning, features, evolution, and planning process. IMC blends various promotional tools and techniques to maximize profit in a customer-centric way. The document outlines several response hierarchy models that describe the stages consumers progress through, from initial awareness to final purchase action. These include the AIDA, hierarchy-of-effects, and innovation-adoption models. It also discusses objectives for IMC programs, including sales versus communication goals, and introduces the DAGMAR model for defining advertising goals and measuring results.
This document discusses integrated marketing communication (IMC) and its evaluation. It outlines the IMC evaluation process including message evaluation, advertising tracking research, copy testing and behavioral evaluations. It also discusses ethics in marketing communication such as stereotyping and targeting vulnerable groups. Current IMC trends include using the internet for advertising, public relations and direct marketing.
This document discusses various components of integrated marketing communication including direct marketing, public relations, and personal selling. Direct marketing involves communicating directly with customers through various media channels to promote products and services. Public relations plays an important role in IMC by building credibility and image through tools like media relations, publicity, and event sponsorship. Personal selling is another key component where salespeople meet face-to-face with customers to provide information and encourage purchases.
The document discusses advertising and sales promotion as tools of integrated marketing communications. It defines advertising as paid, non-personal, mass communication with an identifiable sponsor. It notes the advantages of advertising such as helping to build goodwill and introduce new products. It also discusses different media used for advertising like mail, newspapers, magazines. The document then discusses sales promotion, its role in IMC, types of sales promotion and objectives of consumer and trade promotion. It emphasizes the importance of evaluating sales promotion campaigns through pre-testing, concurrent testing and post-testing.
The document discusses various aspects of media planning and management. It covers topics like media mix, factors affecting media choices, different types of media like print, television, radio, out of home, and emerging digital media. It also discusses media strategy formulation including defining the target group, market prioritization, determining media weights and scheduling.
This document provides an overview of media planning and management. It discusses key topics such as the meaning of media and media planning, the media planning process, factors that influence media decisions, and challenges in media planning. It also covers media research sources, the role of media planners, and the regulatory framework around media planning including industry codes and laws.
This document discusses key concepts in brand management including:
- The meaning of brands, branding, and brand management and their importance to consumers and firms.
- The difference between products and brands and how brands add value.
- The strategic brand management process and customer-based brand equity (CBBE) model.
- Sources of brand equity like brand awareness, loyalty, perceived quality, and associations.
- The importance and basis of brand positioning in differentiating a brand and creating demand.
Unit 2 focuses on key CRM concepts like cross-selling, up-selling, customer retention, personalization, and data management. It discusses CRM applications in marketing, customer service, and data analysis. Customer relationship management aims to understand customer needs and provide personalized experiences through tools like collaborative filtering, clickstream analysis, and different types of data collection and analysis.
This document discusses various aspects of corporate communication and public relations, including media relations, employee communication, and crisis communication. It provides details on building effective media relations through researching media needs and crafting compelling stories. It also outlines the importance of media relations for credibility and lower costs compared to advertising. Regarding employee communication, it describes communicating effectively within an organization through both formal and informal channels, and the benefits this provides such as clarity of purpose, motivation, and improved productivity. Crisis communication guidelines include the role of communication during crises and how to handle crises through trust building.
This document discusses the role of technology in corporate communication and public relations. It begins by explaining how technology brings business efficiency, ensures computational accuracy, allows companies to stay relevant to their industries, and improves security. It then covers various communication technologies like web conferencing, RSS feeds, and how information technology impacts areas like media relations, internal communication, branding and reputation. The document also discusses corporate blogging, defining it, outlining blog types, and characteristics of an effective business blog.
This document discusses various aspects of corporate communication including its scope, relevance, and key concepts. It provides definitions and explanations of corporate identity, image, and reputation. It discusses the importance of ethics and various media laws related to corporate communication. Specifically, it notes that corporate communication involves developing and maintaining a corporate identity or brand image. It also highlights managing reputation, creating communication models, and building brands as key aspects of corporate communication.
Customer relationship management (CRM) refers to the principles, practices and guidelines that an organization follows when interacting with its customers. CRM involves compiling customer data, analyzing customer behavior, and developing customized communications to retain and attract customers. The goal of CRM is to improve customer service, increase customer retention and loyalty, and maximize profits.
The document discusses sustaining change in organizations. It presents the objectives of researching whether an internal or external change agent is more beneficial and the role of transformational leadership in managing change. Ratan Tata is used as an example of an internal change agent who transformed the Tata group through innovation, investing in young talent, and introducing affordable products. Sustaining change long-term requires continuous improvement, monitoring, and defining a common purpose under transformational leadership.
1. Stress is caused by a gap between expectations and reality and affects students through low self-esteem, academic pressure, fear, parental pressure, and poor time management.
2. Some amount of stress can be positive and lead to accomplishing goals, but too much stress becomes negative and unhealthy due to a poor attitude, lack of prioritization, and poor time management.
3. Managing stress involves practices like yoga, meditation, healthy eating, sufficient sleep, prioritizing tasks, dancing, spending time with friends, laughing, outdoor games, and listening to soft music.
This document discusses ethics in marketing. It covers several unethical practices in marketing like stereotyping, subliminal messaging, exploiting social paradigms, targeting vulnerable audiences, and post-purchase dissonance. It also discusses ethical issues in different aspects of the marketing mix like products, pricing, distribution, and promotions. Specific issues mentioned are consumer safety, deceptive advertising, bid rigging, predatory pricing, and pressuring vendors. Finally, it briefly discusses ethics in finance and mentions insider trading as an ethical violation.
This document provides an overview of ethics, including business ethics. It defines ethics as a system of moral principles concerning what is good or bad. Ethics is distinguished from laws in that ethics provides guidelines rather than enforceable rules. The document outlines the importance, scope, and objectives of ethics in both personal and professional/managerial contexts. It discusses the three levels of moral development and three types of ethics: transactional, participatory, and recognition. Business ethics aims to benefit society and stakeholders through compliance, contribution, and consideration of consequences. The government plays a role in legislating and supervising business ethics.
Communication is a process of passing information between people. It requires a sender, receiver, message, channel, feedback, and can be impacted by noise. Effective communication in business requires proper channels, objectives like providing information or getting action, and overcoming barriers. Barriers include physical obstacles, psychological biases, technical issues, differences within organizations, and semantic misunderstandings. Proper listening skills and use of silence are also important for clear communication.
1. The document discusses various aspects of starting and developing a new business venture including the steps involved, sources of funding and support available to entrepreneurs, and challenges that may be faced.
2. It describes several government institutions that provide funding, guidance and other support to entrepreneurs such as SIDBI, NABARD, and EXIM Bank of India.
3. The document also discusses the types of capital required for a new business including fixed capital for long-term assets and working capital for short-term operational needs, as well as sources of financing for each.
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2. Topics to be Discussed
Meaning of CSR,
Evolution of CSR,
Types of Social Responsibility
Aspects of CSR- Responsibility, Accountability, Sustainability and Social Contract
Need for CSR
CSR Principles and Strategies
Issues in CSR
Social Accounting
Tata Group’s CSR Rating Framework
Sachar Committee Report on CSR
Ethical Issues in International Business Practices
Recent Guidelines in CSR
Society’s Changing Expectations of Business With Respect to Globalization
Future of CSR
3. What is CSR?
The term generally applies to efforts that go beyond what may be required by regulators or
environmental protection groups.
CSR may also be referred to as "corporate citizenship" and can involve incurring short-
term costs that do not provide an immediate financial benefit to the company, but instead
promote positive social and environmental change.
4. History and Evolution of CSR
CSR in India has evolved through different phases,like community engagement,socially
responsible production and socially responsible employee relations.
5. Phase 1
In the first phase charity and philanthropy were the main drivers of CSR. Culture, religion, family values
and tradition and industrialization had an influential effect on CSR.
In the pre-industrialization period, which lasted till 1850, wealthy merchants shared a part of their
wealth with the wider society by way of setting up temples for a religious cause. Moreover, these
merchants helped the society in getting over phases of famine and epidemics by providing food from
their godowns and money and thus securing an integral position in the society.
With the arrival of colonial rule in India from the 1850s onwards, the approach towards CSR changed.
The industrial families of the 19th century such as Tata, Godrej, Bajaj, Modi, Birla, Singhania were
strongly inclined towards economic as well as social considerations. However it has been observed that
their efforts towards social as well as industrial development were not only driven by selfless and
religious motives but also influenced by caste groups and political objectives
6. Phase 2
In the second phase, during the independence movement, there was increased stress on Indian
Industrialists to demonstrate their dedication towards the progress of the society. This was
when Mahatma Gandhi introduced the notion of "trusteeship", according to which the industry
leaders had to manage their wealth so as to benefit the common man.
According to Gandhi, Indian companies were supposed to be the "temples of modern India".
Under his influence businesses established trusts for schools and colleges and also helped in
setting up training and scientific institutions. The operations of the trusts were largely in line with
Gandhi's reforms which sought to abolish untouchability, encourage empowerment of women
and rural development.
7. Phase 3
The third phase of CSR (1960–80) had its relation to the element of "mixed economy", emergence
of Public Sector Undertakings (PSUs) and laws relating labour and environmental standards.
During this period the private sector was forced to take a backseat.
The public sector was seen as the prime mover of development. Because of the stringent legal rules
and regulations surrounding the activities of the private sector, the period was described as an "era of
command and control".
The policy of industrial licensing, high taxes and restrictions on the private sector led to corporate
malpractices.
This led to enactment of legislation regarding corporate governance, labour and environmental issues.
PSUs were set up by the state to ensure suitable distribution of resources (wealth, food etc.) to the
needy.
8. Phase 4
In the fourth phase (1980 - 2013) Indian companies started abandoning their traditional
engagement with CSR and integrated it into a sustainable business strategy.
In the 1990s the first initiation towards globalization and economic liberalization were
undertaken.
Controls and licensing system were partly done away with which gave a boost to the economy
the signs of which are very evident today.
Increased growth momentum of the economy helped Indian companies grow rapidly and this
made them more willing{Gajare, R.S. (2014).
9. Types of Social Responsibilities
Legal Responsibilities:A company's legal responsibilities are the requirements that are placed on it by the law. Next to
ensuring that company is profitable, ensuring that it obeys all laws is the most important responsibility, according to
the theory of corporate social responsibility. Legal responsibilities can range from securities regulations to labor law,
environmental law and even criminal law.
Ethical Responsibilities. Ethical responsibilities are responsibilities that a company puts on itself because its owners
believe it's the right thing to do -- not because they have an obligation to do so. Ethical responsibilities could include
being environmentally friendly, paying fair wages or refusing to do business with oppressive countries, for example.
Philanthropic Responsibilities.:Philanthropic responsibilities are responsibilities that go above and beyond what is
simply required or what the company believes is right. They involve making an effort to benefit society -- for
example, by donating services to community organizations, engaging in projects to aid the environment or donating
money to charitable causes.
Economic Responsibilities:A company's first responsibility is its economic responsibility -- that is to say, a company
needs to be primarily concerned with turning a profit. This is for the simple fact that if a company does not make
money, it won't last, employees will lose jobs and the company won't even be able to think about taking care of its
social responsibilities. Before a company thinks about being a good corporate citizen, it first needs to make sure that
it can be profitable
11. Corporate Responsibility
Responsibility towards Stakeholders
Responsibility towards employees
Responsibility towards Customers
Responsibility towards Society
Responsibility towards Government
Responsibility towards Financial Institutions
Responsibility towards Competitors
12. Social Accounting
Corporate accountability can be defined as the ability of those affected by a corporation to hold
corporations to account for their operations.
This concept demands fundamental changes to the legal framework in which companies
operate. These include placing environmental and social duties on directors to complement
existing duties on financial matters, and legal rights for local communities to seek compensation
when they have suffered as a result of directors failing to uphold those duties
Instead of urging companies to voluntarily give an account of their activities and impacts to
improve their social and environmental performance, the corporate accountability ‘movement’
believes corporations must be ‘held to account’ – implying enforceability. This is a more radical
position than that of CSR
13. Corporate Sustainability
Sustainability is most often defined as meeting the needs of the present without compromising
the ability of future generations to meet theirs.
It has three main pillars: economic, environmental and social
14. Social Contract
The social contract approach to business refers to the strategy a company chooses when it
accepts informal expectations from the public and makes social and environmental responsibility
important to its business operations.
Social contract approach argues that since the corporation depends on society for its existence
and continued growth, there is an obligation for the corporation to meet the demands of that
society rather than just the demand of targeted group of customers
15. Need for CSR
The term corporate social responsibility gives a chance to all the employees of an organization to
contribute towards the society, environment, country and so on.
Corporate social responsibility goes a long way in creating a positive word of mouth for the
organization on the whole.
Corporate social responsibility also gives employees a feeling of unparalleled happiness. Believe
me, employees take pride in educating poor people or children who cannot afford to go to
regular schools and receive formal education.
16. Issues in CSR
Lack of Community Participation in CSR Activities: This is largely attributable to the fact that there exists little or no
knowledge about CSR within the local communities as no serious efforts have been made to spread awareness
about CSR and instill confidence in the local communities about such initiatives.
Need to Build Local Capacities: NGO as a tool is rarely considered due to reasons like their inefficiency,
incompetency, lack of resources and support for their development. Hence, there is a need for capacity building of
the local nongovernmental organizations as there is serious dearth of trained and efficient organizations that can
effectivelycontribute to the ongoing CSR activities initiated by companies.
Issues of Transparency: Lack of transparency is one of the key issues brought forth by the survey.There is an
expression by the companies that there exists lack of transparency on the part of the localimplementing agencies as
they do not make adequate efforts to disclose information on their programs,audit issues, impact assessment and
utilization of funds
Narrow Perception towards CSR Initiatives: Nongovernmental organizations and Governmentagencies usually
possess a narrow outlook towards the CSR initiatives of companies, often definingCSR initiatives more donor-driven
than local in approach.
Lack of Consensus on Implementing CSR Issues: There is a lack of consensus amongst localagencies regarding CSR
projects. This lack of consensus often results in duplication of activities bycorporate houses in areas of their
intervention. This results in a competitive spirit between localimplementing agencies rather than building
collaborative approaches on issues.
17. Social Accounting
Social accounting is concerned with the study and analysis of accounting practice of those
activities of an organization.
The concept of socialistic pattern of society, civil rights movements, environmental protection
and ecological conservation groups, increasing awareness of society towards corporate social
contribution, etc. Have contributed towards the growing importance of Social accounting.
18. Importance of Social Accounting
o A firm fulfills its social obligations and informs its members, the government and the general public to enables
everybody to form correct opinion.
o It counters the adverse publicity or criticism leveled by hostile media and voluntary social organizations.
o It assists management in formulating appropriate policies and program
o Through social accounting the firm proves that it is not socially unethical in view of moral cultures and
environmental degradation.
o It acts as an evidence of social commitment.
o It improves employee motivation.
o Social accounting is necessary from the view point of public interest groups, social organisations investors and
government.
o It improves the image of the firm.
o Through social accounting, the management gets feedback on its policies aimed at the welfare of the society.
o It helps in marketing through greater customer support.
o It improves the confidence of shareholders of the firm.
20. Strategies of CSR
Ethical CSR: type of CSR in which organisations pursue a clearly defined sense of social conscience in
managing their financial responsibilities to shareholders and stakeholders
Alturistic CSR : Altruistic corporate social responsibility is a form of corporate social responsibility (CSR)
that goes beyond ethical behavior to voluntarily donate time and/or money towards certain groups of
stakeholders, even if the time or money commitment sacrifices part of the business
profitability.Altruistic CSR can be viewed as unethical from a business standpoint because it
encourages Utilitarianism, a form of philanthropy in which "ethical actions result in the greatest good
for the greatest number,as well as going against the theory of Deontology.
Strategic CSR: Strategic CSR is a carefully planned act of CSR that has a direct and expected impact on
the business. This type of CSR is implemented primarily for the affect it will have on the business. The
types of act involved could be quite varied, depending on the outcome desired, and may be initiated
as a direct result of an external issue
21. Ethical Issues in International Business Practices
Employment: Wages and the working environment in overseas locations are often inferior to those in
the United States, even when you fulfill all local legal requirements. If you hire workers there, you face
the issue of what pay levels and working conditions are acceptable. Applying U.S. standards is usually
not realistic and often simply disrupts the established market.
Corruption: Companies making payments to secure business that they would not otherwise obtain are
guilty of illegal actions under the U.S. Foreign Corrupt Practices Act. The payments, even if they seem
to be customary, are usually illegal under local laws as well.
Human Rights: The country into which you are expanding may not respect basic human rights. The
ethical issue facing your company is whether your presence supports the current abusive regime or
whether your presence can serve as a catalyst for human rights improvements.
Pollution:Not all foreign countries have environmental legislation that makes it illegal to pollute.
Companies may discharge harmful materials into the environment and avoid costly anti-pollution
measures. An ethical approach to your expansion into such markets is to limit your environmental
footprint beyond what is required by local laws
22. TATA groups CSR rating framework
The Tata index for Sustainable Human Development is a trendsetting attempt to map and
measure the social development endeavors of Tata group companies.
The Tata index is a matrix through which Tata companies can implement,direct and measure the
social development endeavors they are involved in.
This business model will drive social responsibility efforts in the group.
The index will help structure their efforts and quantify their effect on the communities and people
they are aimed at
23. Features of Tata Sustainability Index Framework
The index is an improvement of the two guidelines that preceded it,and it has been built around
the TATA BUSINESS EXCELLENCE MODEL,an open ended framework that drives Business
Excellence in companies.
The Tata index is constructed around the core beliefs of Tata group in matter of CSR.
The index prescribes an ‘assurance’ process to ensure that community development projects are
measured and reviewed so that they perform in a manner that matches the objectives behind
them.
The Tata index for Sustainable Human Development analyse the impact of entity’s
vision,strategies and system and processes on all stakeholders.
Tata group has designed Taxanomy to set business reporting and information management.it is
specially designed for the pioneers,investors,government and regulators to make informed
choices and decision that will sustain their stakeholders
24. Sachar Committee for CSR
The Sachar committee was a high powered committee appointed in 1978 to look into many
issues concerning to the Indian companies .
The committee made many observations and suggestions on the issue of CSR:
a) the company must behave and function as a responsible member of society
b) the company must accept its obligation to be socially responsible and work for large
benefit of community
c) the committee suggested that it is not only the profit which should give a social image of
the company but it will have to pass many tests for proving that it is socially responsible
company
d) openness in Corporate Affairs and Behaviour.
25. Recommendations of Sachar Committee for CSR
Social
accountability
Firms in rural
areas
Employment
policy
Submit social
reports
Social welfare of
employees
26. Recent Trends in CSR
Demands for
disclosure
Creation of new
resources
Global
acting locally
Investing in
employees
27. Globalization and Society’s changing expectations of business
The term globalization is perhaps one of the most widely used and least precisely defined
concepts in contemporary business. According to Schwartz and Gibb (1999) the term
'globalization' does not refer to a single process but "serves as shorthand for several related
processes", namely:
• an increasingly shared awareness across many publics
• a new international financial web
• new open space into which dominating cultures can move
• progress from 'inter-national' to 'global' institutions
• declining importance of geography
• dangerous new linkages possible
• greater speed of events
• trend away from nation-states
28. whereby …… "shared awareness across publics" highlights the remarkable growth of the contemporary NGO
community: non-governmental organizations (NGOs) currently represent millions of citizens around the globe, while
the new international media can mobilize those millions overnight if it chooses;
the "new international financial web" implies that … 'transparency, probity and rule of law are nowadays more
important to more people than ever'; “
open space for dominating cultures" indicates more and deeper debate over international values;
the creation of "global" as opposed to "inter-national" institutions refers to the entrance of new unfamiliar players, the
'stateless corporations', in the business terrain; “
declining importance of geography" suggests that the traditional link between production and place, between
economy and the nation state is now breaking down, while more and more people all over the world consider
themselves stakeholders in decisions made by businesses anywhere;
"dangerous new linkages" relates to any number of emerging networks whose impacts the public (rightly) feels unsure
of; the
"greater speed" at which the world now operates emphasizes that companies that become insulated from their
markets or communities can be blindsided by changing attitudes more quickly than ever;
finally, the shift of power away from nation-states means that the public in general requires more accountability from
other powerful actors, such as business, and expects them to respond directly to the demands of public opinion rather
than waiting for that opinion to be mediated by government legislation or regulation
29. Future of CSR
Identify areas of spending as CSR activities.swachh bharat,hunger,sanitation,employment,education,health care
services are considered as valid for CSR activities
Balancing urban rural development, biodiversity and management of land and forest resources
Regular auditing
Avoiding duplication of projects
Educate our people to be environmentally friendly and socially responsible through CSR
Government CSR cell
Focus on transparency and accountability
CSR measurement impact
Ability to establish efficient regulation
Develop effective CSR strategies to help businesses adopt ways to represent themselves as more responsible
Its necessary to have a paradigm shift in how our economy operates: how we produce and how we consume