SlideShare a Scribd company logo
1 of 16
“ Business too owes an obligation to society. I urge
   you to consider what your obligations are today. In
   discovering opportunities to invest in social useful
   projects, in creating new avenues of progress for the
   un-privileged, in investing in the less developed
   regions for the benefit of marginalized sections of
   our society. Corporate social responsibility is not
   philanthropy. It is not charity. It is an investment in
   our collective future”

Dr. Manmohan Singh
(on JRD Tata Birth centenary celebration, 24 August 2004)

The Trend Is Blue – July 2012            Author: Venugopal Tatikunta - Chief Environmental Officer
Corporate Social Responsibility
            “CSR is a concept which suggests that commercial
             corporations must fulfill their duty of providing
                           care to the society”
• Ethical behavior of a company (or business) towards society.
  Promoting activities like engaging directly with local
  communities, identifying their basic needs, and integrating
  their needs with business goals and strategic intent.

• The government perceives CSR as the business contribution
  to the nation’s sustainable development goals.
• Essentially, it is about how business takes into account the
  economic, social and environmental impact of the way in
  which it operates.
The Trend Is Blue – July 2012            Author: Venugopal Tatikunta - Chief Environmental
Officer
International Organisations
                                        say on CSR
• European Commission States:
CSR is a concept which integrates social and environmental
  concerns in their businesses and in their interactions with their
  stakeholders on a voluntary basis.

• World Business Council for Sustainable Development:
Its publication, Corporate Social Responsibility: Making Good
   Business Sense (January 2000), highlighted the importance of
   continued commitment by business to behave ethically and
   contribute to economic development. It also noted the
   importance of improving the quality of life of the workforce
   and their families as well as of the local community and
   society at large.
The Trend Is Blue – July 2012                Author: Venugopal Tatikunta - Chief Environmental Officer
Promotion-Growth-Adoption of
                    CSR Internationally
• 1990s: Gained recognition in the way businesses were
  conducted and adopted for better progress

• 1992: Rio Earth summit served as a key catalyst in developing
  the modern CSR agenda and promoting the concept of
  sustainable development

• 2002: World summit on Sustainable Development confirmed
  CSR as a key item on the international agenda: bringing
  together government, businesses and civil society were
  recognised as key stepping stones to progress on Global
  Sustainable Development.
The Trend Is Blue – July 2012      Author: Venugopal Tatikunta - Chief Environmental Officer
Benefits of CSR




The Trend Is Blue – July 2012            Author: Venugopal Tatikunta - Chief Environmental Officer
Benefits of CSR (Cont’d)
• CSR improves financial performance and reduces operating
  costs.
       – A project undertaken to separate waste in Tata Steel cost the company
         Rs 100 Lakh (£120,000) in the first year. They had invested in 400
         bins, but by selling the waste they earned Rs 20 Crore (£2,500,000).

•     CSR Enhances Brand Image and Reputation
       Below are two examples where Brand Image and Reputation have
         benefited from CSR inspired advertisements:-
       - Lifebuoy’s ‘Little Gandhi’ (an advertisement where a boy upset by
         piles of garbage in his road, starts cleaning it all alone and slowly all
         the neighbours join him)
       - Surf’s ‘save two buckets of water' have benefited tremendously from
         the use of public service communication.



The Trend Is Blue – July 2012                  Author: Venugopal Tatikunta - Chief Environmental Officer
Benefits of CSR (Cont’d)
• CSR increases Customer Loyalty and Sales
   – After unexpected floods hit Mumbai in July 2005 diseases like
     diarrhoea were spreading rapidly. Hindustan Unilever Limited (HUL)
     donated more than 1.50 lakh cakes of Lifebuoy soap through the
     United Nation International Children's Emergency Fund (UNICEF)
     and other NGOs and educated people about the importance of washing
     hands with soap and clean water as a simple means of preventing
     diseases.

• CSR Increases the Ability to Attract and Retain Employees
   – A glaring example among them being the automobile major, Mahindra
     & Mahindra (M&M). The company has introduced Employee Social
     Options (ESOPs) through which a workforce of approximately 25,000
     people employed at M&M could volunteer in any of a wide range of
     CSR projects run by the company.
   The Trend Is Blue – July 2012                Author: Venugopal Tatikunta - Chief
   Environmental Officer
Standards


• Lately, a standard that has gained wide acceptance is the Global
  Reporting Initiative (GRI)

• According to the GRI Web site, the total number of companies
  that have published GRI-based sustainability reports since 1999
  add up to more than 2,800, out of which 39 are Indian.




The Trend Is Blue – July 2012               Author: Venugopal Tatikunta - Chief
Environmental Officer
CSR concept from Indian Mythology

• In Indian Shastras, the ultimate aim of creating wealth is said
  to be giving (donation) and enjoying.

 • Whatever I dig from Earth, may that have quick growth again.
         O Purifier, may we not injure your vitals or your heart.
                                             Atharva Veda XII

• ‘May the Earth bring us closer to her through her middle-
  portion, and the energy which resides throughout her body.
  This land is my mother, I am the son of the Earth. May she
  nourish, protect, and maintain us in an appropriate manner.
  The Father is the sky who sustains us with rain.’ Prithivi
  Sutka Verse 12 2.62
The Trend Is Blue – July 2012        Author: Venugopal Tatikunta - Chief Environmental Officer
Indian Model of CSR

• India has a number of companies with long traditions of
  philanthropic and community programmes.

• It is based on the ‘Gandhian Model’

• Earlier mostly high profile companies like Public (such as
  ONGC, Steel Authority of India Limited (SAIL)) and Private
  companies (Tata, Birla, Godrej, Unilever) took up the
  initiatives of CSR. Whereas the phenomena is changing and
  the initiatives supported and taken up by most businesses

• Most of social work is representation of Entrepreneurship

The Trend Is Blue – July 2012             Author: Venugopal Tatikunta - Chief Environmental Officer
Initiative by Ministry of Corporate
                                Affairs
• In 2009 the Ministry came up the with publication titled
  'Corporate Social responsibility Voluntary Guidelines 2009'

• The publication mentions 6 core elements to be taken into
   consideration while designing CSR policy for any business:
1. Care for all Stakeholders
2. Ethical functioning
3. Respect for Workers' Rights and Welfare
4. Respect for Human Rights
5. Respect for Environment
6. Activities for Social and Inclusive Development

The Trend Is Blue – July 2012       Author: Venugopal Tatikunta - Chief Environmental Officer
CSR focus Action-Areas in India




The Trend Is Blue – July 2012   Author: Venugopal Tatikunta - Chief Environmental Officer
Famous leaders view on CSR
•    In 1972, the Prime Minister of India, Mrs. Indira Gandhi emphasized, at
     the UN Conference on Human Environment at Stockholm, that the removal
     of poverty is an integral part of the goal of an environmental strategy for
     the world

•    “Corporate social responsibility must not be defined by tax planning
     strategies alone. Rather, it should be defined within the framework of a
     corporate philosophy which factors the needs of the community and the
     regions in which a corporate entity functions. This is part of our cultural
     heritage. Mahatma Gandhi called it trusteeship….I invite corporate India to
     be a partner in making ours a more humane and just society… We need a
     new Partnership for Inclusive Growth based on what I describe as a Ten
     Point Social Charter...first, we need to have healthy respect for your
     workers and invest in their welfare…” .
     Dr. Manmohan Singh, Indian Prime Minister, in 2007

The Trend Is Blue – July 2012                 Author: Venugopal Tatikunta - Chief Environmental Officer
Key People about CSR

    • Mrs. Rajashree Birla, Chairperson of The Aditya Birla Centre for
      Community Initiatives and Rural Development17 says:
    “ CSR is an aspect of a company’s policy. The government has so many
      schemes and has also allocated funds for them. If government ropes in
      corporates besides the NGOs, the scheme would be very effective. With
      corporates coming on scene, there would be a discipline and a definite
      manner of working. It would also bring about a greater transparency”

    • Mr. N. R. Naryana Murthy, Chairman and Chief Mentor, Infosys Ltd.
         We must consider ourselves very fortunate to have bestowed this
      extraordinary responsibility of handing over our planet intact to the next
      generation at a very crucial stage when economic equity, economic
      awareness and economic inclusivity is bringing about an unpredented
      transformation is developing countries.

The Trend Is Blue – July 2012                 Author: Venugopal Tatikunta - Chief Environmental Officer
Corporate social responsibility in india

More Related Content

What's hot

Corporate social responsibility ppt
Corporate social responsibility ppt Corporate social responsibility ppt
Corporate social responsibility ppt Babasab Patil
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibilityRashika Goyal
 
Corporate social responsibility in india
Corporate social responsibility in indiaCorporate social responsibility in india
Corporate social responsibility in indiavijay kumar sarabu
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibilityshrinivas kulkarni
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social ResponsibilitySheryl Mehra
 
Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) Aadhil Ahmed
 
Corporate social responsibility PPT | 2015
Corporate social responsibility PPT | 2015Corporate social responsibility PPT | 2015
Corporate social responsibility PPT | 2015Aadhit B
 
csr activities of 4 different companies
csr activities of 4 different companiescsr activities of 4 different companies
csr activities of 4 different companiesvishakha bhardwaj
 
Corporate social responsibility in multi national companies(CSR)
Corporate social responsibility in multi national companies(CSR)Corporate social responsibility in multi national companies(CSR)
Corporate social responsibility in multi national companies(CSR)kdore
 
Corporate social responsibility infosys
Corporate social responsibility infosysCorporate social responsibility infosys
Corporate social responsibility infosysVrajBhavsar6
 
Csr in multinational companies edited
Csr in multinational companies editedCsr in multinational companies edited
Csr in multinational companies editedkdore
 
Corporate Social Responsibilities
Corporate Social ResponsibilitiesCorporate Social Responsibilities
Corporate Social ResponsibilitiesVikas Gupta
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social ResponsibilityShahzad Khan
 

What's hot (20)

Corporate social responsibility ppt
Corporate social responsibility ppt Corporate social responsibility ppt
Corporate social responsibility ppt
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
csr key stakeholders
csr   key stakeholderscsr   key stakeholders
csr key stakeholders
 
Corporate social responsibility in india
Corporate social responsibility in indiaCorporate social responsibility in india
Corporate social responsibility in india
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 
Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)
 
Corporate social responsibility PPT | 2015
Corporate social responsibility PPT | 2015Corporate social responsibility PPT | 2015
Corporate social responsibility PPT | 2015
 
Csr ppt
Csr pptCsr ppt
Csr ppt
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
csr activities of 4 different companies
csr activities of 4 different companiescsr activities of 4 different companies
csr activities of 4 different companies
 
Handbook on Corporate Social Responsibility in india
Handbook on Corporate Social Responsibility in indiaHandbook on Corporate Social Responsibility in india
Handbook on Corporate Social Responsibility in india
 
Corporate social responsibility in multi national companies(CSR)
Corporate social responsibility in multi national companies(CSR)Corporate social responsibility in multi national companies(CSR)
Corporate social responsibility in multi national companies(CSR)
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
Corporate Citizenship
Corporate CitizenshipCorporate Citizenship
Corporate Citizenship
 
Corporate social responsibility infosys
Corporate social responsibility infosysCorporate social responsibility infosys
Corporate social responsibility infosys
 
Csr in multinational companies edited
Csr in multinational companies editedCsr in multinational companies edited
Csr in multinational companies edited
 
Corporate Social Responsibilities
Corporate Social ResponsibilitiesCorporate Social Responsibilities
Corporate Social Responsibilities
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 
Triple bottom line
Triple bottom lineTriple bottom line
Triple bottom line
 

Viewers also liked

CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYCORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYRobbySahoo
 
Csr in india an overview
Csr in india   an overviewCsr in india   an overview
Csr in india an overviewAnjan Kumar Roy
 
Corporate Social Responsibility ppt.
Corporate Social Responsibility ppt.Corporate Social Responsibility ppt.
Corporate Social Responsibility ppt.Saurabh Tiwari
 
Corporate Social Responsibility Indian Perspective
Corporate Social Responsibility   Indian PerspectiveCorporate Social Responsibility   Indian Perspective
Corporate Social Responsibility Indian PerspectiveTICS
 
TATA CSR presentation
TATA CSR presentationTATA CSR presentation
TATA CSR presentationGaurav1019
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social ResponsibilitySteve Raybould
 
CSR in INDIA by Ojas Maheshwari
CSR in INDIA by Ojas MaheshwariCSR in INDIA by Ojas Maheshwari
CSR in INDIA by Ojas MaheshwariOjas Maheshwari
 
Presentation on CSR With new Approved Rules
Presentation on CSR With new Approved RulesPresentation on CSR With new Approved Rules
Presentation on CSR With new Approved RulesACS Shalu Saraf
 
Corporate social responsibility in india
Corporate social responsibility in indiaCorporate social responsibility in india
Corporate social responsibility in indiaNaveen Navlani
 
Companies Act 2013 and Corporate Social Responsibility
Companies Act 2013 and Corporate Social Responsibility Companies Act 2013 and Corporate Social Responsibility
Companies Act 2013 and Corporate Social Responsibility Central University of Jammu
 
Corporate social responsbility
Corporate social responsbilityCorporate social responsbility
Corporate social responsbilitykartik saxena
 
Edulever - Consulting for CSR, Education, Skill Development
Edulever - Consulting for CSR, Education, Skill Development Edulever - Consulting for CSR, Education, Skill Development
Edulever - Consulting for CSR, Education, Skill Development Chetan Kapoor
 
13 mohammad khalil ahmed pp
13 mohammad khalil ahmed pp13 mohammad khalil ahmed pp
13 mohammad khalil ahmed ppPriyanka Sharma
 
A Study on Linkage between Corporate Social Responsibility and Return on Net ...
A Study on Linkage between Corporate Social Responsibility and Return on Net ...A Study on Linkage between Corporate Social Responsibility and Return on Net ...
A Study on Linkage between Corporate Social Responsibility and Return on Net ...iosrjce
 
Corporate social responsibility ppt
Corporate social responsibility pptCorporate social responsibility ppt
Corporate social responsibility pptMohamed Meeran
 
I-Inspire foundation, Official Presentation - www.iinspirefoundation.org
I-Inspire foundation, Official Presentation - www.iinspirefoundation.orgI-Inspire foundation, Official Presentation - www.iinspirefoundation.org
I-Inspire foundation, Official Presentation - www.iinspirefoundation.orgI-INSPIRE-FOUNDATION
 

Viewers also liked (20)

CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITYCORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITY
 
Csr in india an overview
Csr in india   an overviewCsr in india   an overview
Csr in india an overview
 
Corporate Social Responsibility ppt.
Corporate Social Responsibility ppt.Corporate Social Responsibility ppt.
Corporate Social Responsibility ppt.
 
Corporate Social Responsibility Indian Perspective
Corporate Social Responsibility   Indian PerspectiveCorporate Social Responsibility   Indian Perspective
Corporate Social Responsibility Indian Perspective
 
TATA CSR presentation
TATA CSR presentationTATA CSR presentation
TATA CSR presentation
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 
CSR in INDIA by Ojas Maheshwari
CSR in INDIA by Ojas MaheshwariCSR in INDIA by Ojas Maheshwari
CSR in INDIA by Ojas Maheshwari
 
Presentation on CSR With new Approved Rules
Presentation on CSR With new Approved RulesPresentation on CSR With new Approved Rules
Presentation on CSR With new Approved Rules
 
Corporate social responsibility in india
Corporate social responsibility in indiaCorporate social responsibility in india
Corporate social responsibility in india
 
Companies Act 2013 and Corporate Social Responsibility
Companies Act 2013 and Corporate Social Responsibility Companies Act 2013 and Corporate Social Responsibility
Companies Act 2013 and Corporate Social Responsibility
 
Corporate social responsbility
Corporate social responsbilityCorporate social responsbility
Corporate social responsbility
 
CSR Activities by AMUL
CSR Activities by AMULCSR Activities by AMUL
CSR Activities by AMUL
 
Edulever - Consulting for CSR, Education, Skill Development
Edulever - Consulting for CSR, Education, Skill Development Edulever - Consulting for CSR, Education, Skill Development
Edulever - Consulting for CSR, Education, Skill Development
 
13 mohammad khalil ahmed pp
13 mohammad khalil ahmed pp13 mohammad khalil ahmed pp
13 mohammad khalil ahmed pp
 
Jeeni
JeeniJeeni
Jeeni
 
A Study on Linkage between Corporate Social Responsibility and Return on Net ...
A Study on Linkage between Corporate Social Responsibility and Return on Net ...A Study on Linkage between Corporate Social Responsibility and Return on Net ...
A Study on Linkage between Corporate Social Responsibility and Return on Net ...
 
CSR final
CSR finalCSR final
CSR final
 
Corporate social responsibility ppt
Corporate social responsibility pptCorporate social responsibility ppt
Corporate social responsibility ppt
 
Ethics and csr at accenture
Ethics and csr at accentureEthics and csr at accenture
Ethics and csr at accenture
 
I-Inspire foundation, Official Presentation - www.iinspirefoundation.org
I-Inspire foundation, Official Presentation - www.iinspirefoundation.orgI-Inspire foundation, Official Presentation - www.iinspirefoundation.org
I-Inspire foundation, Official Presentation - www.iinspirefoundation.org
 

Similar to Corporate social responsibility in india

Introduction to CSR.pdf
Introduction to CSR.pdfIntroduction to CSR.pdf
Introduction to CSR.pdfShrutika Khole
 
Csr in india ,a case study on hindalco
Csr in india ,a case study on hindalcoCsr in india ,a case study on hindalco
Csr in india ,a case study on hindalcoserampore college
 
Conference on sustainable development in india
Conference on sustainable development in indiaConference on sustainable development in india
Conference on sustainable development in indiaArbaaz khan
 
Corporate social responsibility (2)
Corporate social responsibility  (2)Corporate social responsibility  (2)
Corporate social responsibility (2)madhumeeta dhar
 
An Assessment of Corporate Social Responsibility Case Study of a Sonalika Mot...
An Assessment of Corporate Social Responsibility Case Study of a Sonalika Mot...An Assessment of Corporate Social Responsibility Case Study of a Sonalika Mot...
An Assessment of Corporate Social Responsibility Case Study of a Sonalika Mot...Becky Goins
 
CSR Legislation .pptx
CSR Legislation .pptxCSR Legislation .pptx
CSR Legislation .pptxpeddada4
 
Dnote Xpress, Issue #4, July - 2014
Dnote Xpress, Issue #4, July - 2014Dnote Xpress, Issue #4, July - 2014
Dnote Xpress, Issue #4, July - 2014Fiinovation
 
Corporate Social Responsibility in India
Corporate Social Responsibility in IndiaCorporate Social Responsibility in India
Corporate Social Responsibility in IndiaRahul raj singh
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibilityNiilm-Cms
 
corporate social responsibility
corporate social responsibilitycorporate social responsibility
corporate social responsibilityAmitGupta1672
 
WORLD CSR DAY - Andrew Steel
WORLD CSR DAY - Andrew SteelWORLD CSR DAY - Andrew Steel
WORLD CSR DAY - Andrew SteelTreedom
 
Corporate social responsibility status in india
Corporate social responsibility status in indiaCorporate social responsibility status in india
Corporate social responsibility status in indiaTapasya123
 
Corporate Social Responsibility Status in India
Corporate Social Responsibility Status in IndiaCorporate Social Responsibility Status in India
Corporate Social Responsibility Status in Indiaprofessionalpanorama
 
Corporate social-responsibility
Corporate social-responsibilityCorporate social-responsibility
Corporate social-responsibilitypipaliya hiren
 
Corporate social responsibility ppt by ritu bharti
Corporate social responsibility ppt by ritu bhartiCorporate social responsibility ppt by ritu bharti
Corporate social responsibility ppt by ritu bhartiritu bharti
 
csr activity by reliance and indian oil
csr activity by reliance and indian oilcsr activity by reliance and indian oil
csr activity by reliance and indian oilAffectionate Surajit
 

Similar to Corporate social responsibility in india (20)

Introduction to CSR.pdf
Introduction to CSR.pdfIntroduction to CSR.pdf
Introduction to CSR.pdf
 
Csr in india ,a case study on hindalco
Csr in india ,a case study on hindalcoCsr in india ,a case study on hindalco
Csr in india ,a case study on hindalco
 
CSR
CSRCSR
CSR
 
Conference on sustainable development in india
Conference on sustainable development in indiaConference on sustainable development in india
Conference on sustainable development in india
 
Corporate social responsibility (2)
Corporate social responsibility  (2)Corporate social responsibility  (2)
Corporate social responsibility (2)
 
An Assessment of Corporate Social Responsibility Case Study of a Sonalika Mot...
An Assessment of Corporate Social Responsibility Case Study of a Sonalika Mot...An Assessment of Corporate Social Responsibility Case Study of a Sonalika Mot...
An Assessment of Corporate Social Responsibility Case Study of a Sonalika Mot...
 
CSR Legislation .pptx
CSR Legislation .pptxCSR Legislation .pptx
CSR Legislation .pptx
 
Dnote Xpress, Issue #4, July - 2014
Dnote Xpress, Issue #4, July - 2014Dnote Xpress, Issue #4, July - 2014
Dnote Xpress, Issue #4, July - 2014
 
Policy context in lead up to Rio +20 Summit - UNESCAP
Policy context in lead up to Rio +20 Summit - UNESCAPPolicy context in lead up to Rio +20 Summit - UNESCAP
Policy context in lead up to Rio +20 Summit - UNESCAP
 
Corporate Social Responsibility in India
Corporate Social Responsibility in IndiaCorporate Social Responsibility in India
Corporate Social Responsibility in India
 
Chandigarh final
Chandigarh finalChandigarh final
Chandigarh final
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
corporate social responsibility
corporate social responsibilitycorporate social responsibility
corporate social responsibility
 
WORLD CSR DAY - Andrew Steel
WORLD CSR DAY - Andrew SteelWORLD CSR DAY - Andrew Steel
WORLD CSR DAY - Andrew Steel
 
Corporate social responsibility status in india
Corporate social responsibility status in indiaCorporate social responsibility status in india
Corporate social responsibility status in india
 
Corporate Social Responsibility Status in India
Corporate Social Responsibility Status in IndiaCorporate Social Responsibility Status in India
Corporate Social Responsibility Status in India
 
Corporate social-responsibility
Corporate social-responsibilityCorporate social-responsibility
Corporate social-responsibility
 
Corporate social responsibility ppt by ritu bharti
Corporate social responsibility ppt by ritu bhartiCorporate social responsibility ppt by ritu bharti
Corporate social responsibility ppt by ritu bharti
 
csr activity by reliance and indian oil
csr activity by reliance and indian oilcsr activity by reliance and indian oil
csr activity by reliance and indian oil
 
Social cost benefit analysis
Social cost benefit analysisSocial cost benefit analysis
Social cost benefit analysis
 

Recently uploaded

TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024Adnet Communications
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCRashishs7044
 
PB Project 1: Exploring Your Personal Brand
PB Project 1: Exploring Your Personal BrandPB Project 1: Exploring Your Personal Brand
PB Project 1: Exploring Your Personal BrandSharisaBethune
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxappkodes
 
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditChapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditNhtLNguyn9
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxmbikashkanyari
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Doge Mining Website
 
8447779800, Low rate Call girls in Dwarka mor Delhi NCR
8447779800, Low rate Call girls in Dwarka mor Delhi NCR8447779800, Low rate Call girls in Dwarka mor Delhi NCR
8447779800, Low rate Call girls in Dwarka mor Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 

Recently uploaded (20)

TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
 
PB Project 1: Exploring Your Personal Brand
PB Project 1: Exploring Your Personal BrandPB Project 1: Exploring Your Personal Brand
PB Project 1: Exploring Your Personal Brand
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptx
 
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditChapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal audit
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North GoaCall Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
Unlocking the Future: Explore Web 3.0 Workshop to Start Earning Today!
 
8447779800, Low rate Call girls in Dwarka mor Delhi NCR
8447779800, Low rate Call girls in Dwarka mor Delhi NCR8447779800, Low rate Call girls in Dwarka mor Delhi NCR
8447779800, Low rate Call girls in Dwarka mor Delhi NCR
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 

Corporate social responsibility in india

  • 1.
  • 2. “ Business too owes an obligation to society. I urge you to consider what your obligations are today. In discovering opportunities to invest in social useful projects, in creating new avenues of progress for the un-privileged, in investing in the less developed regions for the benefit of marginalized sections of our society. Corporate social responsibility is not philanthropy. It is not charity. It is an investment in our collective future” Dr. Manmohan Singh (on JRD Tata Birth centenary celebration, 24 August 2004) The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 3. Corporate Social Responsibility “CSR is a concept which suggests that commercial corporations must fulfill their duty of providing care to the society” • Ethical behavior of a company (or business) towards society. Promoting activities like engaging directly with local communities, identifying their basic needs, and integrating their needs with business goals and strategic intent. • The government perceives CSR as the business contribution to the nation’s sustainable development goals. • Essentially, it is about how business takes into account the economic, social and environmental impact of the way in which it operates. The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 4. International Organisations say on CSR • European Commission States: CSR is a concept which integrates social and environmental concerns in their businesses and in their interactions with their stakeholders on a voluntary basis. • World Business Council for Sustainable Development: Its publication, Corporate Social Responsibility: Making Good Business Sense (January 2000), highlighted the importance of continued commitment by business to behave ethically and contribute to economic development. It also noted the importance of improving the quality of life of the workforce and their families as well as of the local community and society at large. The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 5. Promotion-Growth-Adoption of CSR Internationally • 1990s: Gained recognition in the way businesses were conducted and adopted for better progress • 1992: Rio Earth summit served as a key catalyst in developing the modern CSR agenda and promoting the concept of sustainable development • 2002: World summit on Sustainable Development confirmed CSR as a key item on the international agenda: bringing together government, businesses and civil society were recognised as key stepping stones to progress on Global Sustainable Development. The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 6. Benefits of CSR The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 7. Benefits of CSR (Cont’d) • CSR improves financial performance and reduces operating costs. – A project undertaken to separate waste in Tata Steel cost the company Rs 100 Lakh (£120,000) in the first year. They had invested in 400 bins, but by selling the waste they earned Rs 20 Crore (£2,500,000). • CSR Enhances Brand Image and Reputation Below are two examples where Brand Image and Reputation have benefited from CSR inspired advertisements:- - Lifebuoy’s ‘Little Gandhi’ (an advertisement where a boy upset by piles of garbage in his road, starts cleaning it all alone and slowly all the neighbours join him) - Surf’s ‘save two buckets of water' have benefited tremendously from the use of public service communication. The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 8. Benefits of CSR (Cont’d) • CSR increases Customer Loyalty and Sales – After unexpected floods hit Mumbai in July 2005 diseases like diarrhoea were spreading rapidly. Hindustan Unilever Limited (HUL) donated more than 1.50 lakh cakes of Lifebuoy soap through the United Nation International Children's Emergency Fund (UNICEF) and other NGOs and educated people about the importance of washing hands with soap and clean water as a simple means of preventing diseases. • CSR Increases the Ability to Attract and Retain Employees – A glaring example among them being the automobile major, Mahindra & Mahindra (M&M). The company has introduced Employee Social Options (ESOPs) through which a workforce of approximately 25,000 people employed at M&M could volunteer in any of a wide range of CSR projects run by the company. The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 9. Standards • Lately, a standard that has gained wide acceptance is the Global Reporting Initiative (GRI) • According to the GRI Web site, the total number of companies that have published GRI-based sustainability reports since 1999 add up to more than 2,800, out of which 39 are Indian. The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 10. CSR concept from Indian Mythology • In Indian Shastras, the ultimate aim of creating wealth is said to be giving (donation) and enjoying. • Whatever I dig from Earth, may that have quick growth again. O Purifier, may we not injure your vitals or your heart. Atharva Veda XII • ‘May the Earth bring us closer to her through her middle- portion, and the energy which resides throughout her body. This land is my mother, I am the son of the Earth. May she nourish, protect, and maintain us in an appropriate manner. The Father is the sky who sustains us with rain.’ Prithivi Sutka Verse 12 2.62 The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 11. Indian Model of CSR • India has a number of companies with long traditions of philanthropic and community programmes. • It is based on the ‘Gandhian Model’ • Earlier mostly high profile companies like Public (such as ONGC, Steel Authority of India Limited (SAIL)) and Private companies (Tata, Birla, Godrej, Unilever) took up the initiatives of CSR. Whereas the phenomena is changing and the initiatives supported and taken up by most businesses • Most of social work is representation of Entrepreneurship The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 12. Initiative by Ministry of Corporate Affairs • In 2009 the Ministry came up the with publication titled 'Corporate Social responsibility Voluntary Guidelines 2009' • The publication mentions 6 core elements to be taken into consideration while designing CSR policy for any business: 1. Care for all Stakeholders 2. Ethical functioning 3. Respect for Workers' Rights and Welfare 4. Respect for Human Rights 5. Respect for Environment 6. Activities for Social and Inclusive Development The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 13. CSR focus Action-Areas in India The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 14. Famous leaders view on CSR • In 1972, the Prime Minister of India, Mrs. Indira Gandhi emphasized, at the UN Conference on Human Environment at Stockholm, that the removal of poverty is an integral part of the goal of an environmental strategy for the world • “Corporate social responsibility must not be defined by tax planning strategies alone. Rather, it should be defined within the framework of a corporate philosophy which factors the needs of the community and the regions in which a corporate entity functions. This is part of our cultural heritage. Mahatma Gandhi called it trusteeship….I invite corporate India to be a partner in making ours a more humane and just society… We need a new Partnership for Inclusive Growth based on what I describe as a Ten Point Social Charter...first, we need to have healthy respect for your workers and invest in their welfare…” . Dr. Manmohan Singh, Indian Prime Minister, in 2007 The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer
  • 15. Key People about CSR • Mrs. Rajashree Birla, Chairperson of The Aditya Birla Centre for Community Initiatives and Rural Development17 says: “ CSR is an aspect of a company’s policy. The government has so many schemes and has also allocated funds for them. If government ropes in corporates besides the NGOs, the scheme would be very effective. With corporates coming on scene, there would be a discipline and a definite manner of working. It would also bring about a greater transparency” • Mr. N. R. Naryana Murthy, Chairman and Chief Mentor, Infosys Ltd. We must consider ourselves very fortunate to have bestowed this extraordinary responsibility of handing over our planet intact to the next generation at a very crucial stage when economic equity, economic awareness and economic inclusivity is bringing about an unpredented transformation is developing countries. The Trend Is Blue – July 2012 Author: Venugopal Tatikunta - Chief Environmental Officer