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Five Mistakes when implementing
Corporate Social Responsibility
____________________________________________________
Your Essential Guide Series
.
CSR
• CSR has evolved into one of the top
priorities for a business if it wants to
grow, be profitable and to ensure longevity
• Customers and Employees want to
associate with Responsible Corporates
• Regulators, world over, are insisting
on adopting sustainable practises
.
CSR – Learnings & Findings
• CSR initiatives have had mixed results
• Results have been positive
• Results have created impact
• Herein we look at the five common
and most often committed mistakes
by businesses in implementing
CSR initiatives.
.
Mistake - 1
• Not having a CSR strategy
– The CSR initiative must integrates
with your business
– The CSR program must add value
to your business
– The CSR program must give you a
ROI (social or financial or both)
.
Mistake - 2
• Doing too many things
– Focus, Focus, Focus
– Don’t follow world-wide approach.
Do what is best locally
– Don’t do legacy programs. Adapt
to changing needs
.
Mistake - 3
• Not talking about CSR programs & initiatives
– Tell your story
– Communicate to all stakeholders
– Inform both good and bad news
.
Mistake - 4
• Non participative approach
– CSR Buy in required from all –
Stakeholders, Top management,
Employees, Partners.
– Partnership & Collaborative approach
during planning, implementation,
monitoring & review.
– Don’t treat this as a donation or charity.
.
Mistake - 5
• Focussing too much on photo opportunities
and media releases
– Have a report that can be used
individually in parts by different stakeholders
– Don’t talk about inputs & programs -
talk about causes and outcomes
Thank you
VARDAN ADVISORS PVT.LTD.,
REGD.OFF: 110/8, KRISHNAPPA LAYOUT
LALBAGH ROAD CROSS, BANGALORE – 560 027
www.vardaan.co
Email: info@vardaan.co

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Top 5 mistakes committed when implementing CSR

  • 1. Five Mistakes when implementing Corporate Social Responsibility ____________________________________________________ Your Essential Guide Series
  • 2. . CSR • CSR has evolved into one of the top priorities for a business if it wants to grow, be profitable and to ensure longevity • Customers and Employees want to associate with Responsible Corporates • Regulators, world over, are insisting on adopting sustainable practises
  • 3. . CSR – Learnings & Findings • CSR initiatives have had mixed results • Results have been positive • Results have created impact • Herein we look at the five common and most often committed mistakes by businesses in implementing CSR initiatives.
  • 4. . Mistake - 1 • Not having a CSR strategy – The CSR initiative must integrates with your business – The CSR program must add value to your business – The CSR program must give you a ROI (social or financial or both)
  • 5. . Mistake - 2 • Doing too many things – Focus, Focus, Focus – Don’t follow world-wide approach. Do what is best locally – Don’t do legacy programs. Adapt to changing needs
  • 6. . Mistake - 3 • Not talking about CSR programs & initiatives – Tell your story – Communicate to all stakeholders – Inform both good and bad news
  • 7. . Mistake - 4 • Non participative approach – CSR Buy in required from all – Stakeholders, Top management, Employees, Partners. – Partnership & Collaborative approach during planning, implementation, monitoring & review. – Don’t treat this as a donation or charity.
  • 8. . Mistake - 5 • Focussing too much on photo opportunities and media releases – Have a report that can be used individually in parts by different stakeholders – Don’t talk about inputs & programs - talk about causes and outcomes
  • 9. Thank you VARDAN ADVISORS PVT.LTD., REGD.OFF: 110/8, KRISHNAPPA LAYOUT LALBAGH ROAD CROSS, BANGALORE – 560 027 www.vardaan.co Email: info@vardaan.co