Corporate social responsibility in india ppt. CSR 2022-12-27
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Corporate social responsibility (CSR) refers to the voluntary efforts undertaken by businesses to address the social and environmental impacts of their operations. In India, CSR has gained significant importance over the years due to increasing awareness about the role of businesses in promoting sustainability and inclusive development.
One of the major drivers of CSR in India has been the Companies Act of 2013, which makes it mandatory for companies with a net worth of INR 500 crore or more, or a turnover of INR 1,000 crore or more, or a net profit of INR 5 crore or more to spend at least 2% of their average net profit of the previous three years on CSR activities. This has led to an increase in the number and scope of CSR initiatives in the country.
There are several ways in which businesses in India can engage in CSR activities. These include:
Supporting education and skills development: Companies can invest in education and skills development programs to improve the employability of individuals in underprivileged communities.
Promoting health and sanitation: Businesses can support initiatives that promote healthcare and improve sanitation in underprivileged communities.
Supporting environmental conservation: Companies can undertake initiatives to conserve natural resources and reduce their carbon footprint, such as through the adoption of renewable energy sources and the implementation of waste management programs.
Promoting inclusive growth: Businesses can support initiatives that promote inclusive growth and reduce poverty, such as through the support of microfinance initiatives and the development of rural infrastructure.
In conclusion, corporate social responsibility is a vital aspect of business in India, and companies can contribute to the country's development through various initiatives that address social and environmental challenges. By adopting responsible business practices, companies can not only meet their legal obligations, but also enhance their reputation and build long-term relationships with stakeholders.
Corporate social responsibility ppt
Though CSR as a concept has gained immense popularity, there is a lack of agreement on what it really means. The present book is an attempt to provide the emerging trends and best practices in CSR implementation, models of partnership, managerial and organizational challenges and issues in monitoring and evaluation of projects related to CSR in the public and private sector. We should not hope that the walls we build to protect ourselves will be tall enough to protect our children. Undoubtedly businesses are an integral part of society, and play an active role in contributing to healthy ecosystems, improve the manner in which institutions understand and engage their communities, as well as how they explore, view, and challenge barriers, thereby leading to good governance. Corporate Social responsibility CSR is continuing commitment by businesses to integrate social and environmental concerns in their business operations. The late 19th and early 20th century are often viewed as a period of corporate irresponsibility. Fokus penelitian tersebut dianalisa dengan menggunakan teori strukturasi giddens mengenai dualitas agen — struktur dan juga menggunakan relasi tripartid antara negara, masyarakat dan pasar yang terkait dalam peraturan daerah mengenai CSR sebagai strategi alternatif dalam upaya pembangunan.
Your thoughts will set an impeccable example. This paper is subdivided into various sections as per the objectives. Corporate Social Responsibility CSR earlier applied as corporate philanthropy and has been in practice in India since ages. People working - 58% young adults between 20 and 24 years old, 83% - women. Worlds largest beverage system, Coca-Cola has a presence in thousands of communities, across more than 200 countries, worldwide. I thank all paper contributors for their continued support, encouragement, inspiration to complete this task. Hence, payment of wages to temporary or casual or daily wage workers during the lockdown period shallnot count towards CSR expenditure.
CSR Coco-Cola sees its sustainability efforts first and foremost as the right thing to do Populations are growing, natural resources are stressed, communities are forced to do more with less, and our consumers expectations are expanding, we understand that sustainability is core to our business continuity and depends on how we create long-term value. Executives experienced new pressures to serve as a social force for good. Issue- unhealthy work environment debates heated arguments, verbal abuse , 7. The Creation of Supportive Infrastructure. Thats what CSR is about.
Which activities would not qualify as CSR Expenditure? Ministry vide general circular No. Whether contribution made to State Disaster Management Authority shall qualify as CSR expenditure? As part of the annual planning exercise, each sustainability group prepares an annual budget that is then extensively discussed with the Chairman, the members of the Corporate Executive Council and with Finance before approval. Reference Date Description Web links General Circular No. Ignorance and the hesitation on the part of the poor to approach the right specialists with right equipment. Khusus di provinsi Jawa Timur, regulasi mengenai CSR tersebut dijelaskan dalam Peraturan Daerah No 4 Tahun 2011. Finance Act, 2014 also clarifies that expenditure on CSR does not form part of business expenditure.
Corporate Social Responsibility Csr Strategy Ppt PowerPoint Presentation Complete Deck With Slides
Prior to Companies Act 2013, CSR in India has traditionally been seen as a philanthropic activity. Supporting the desire of individuals to lead healthier and more active lifestyle by introducing an ever-widening variety of beverages to meet evolving refreshment, nutrition and hydration needs. Leading corporations realized that healthy employees improved productivity and profits. Issues at NIKENike Inc producer of footwear, clothing, equipment and accessory products for the sports and athletic market. Ada banyak ciri-ciri kerusakan seperti: lahan pertanian, hutan hujan dan berhutan daerah, padang rumput dan sumber air tawar semua berisiko. An increasing acceptance of CSR by large number of corporate, post liberalization can thus be seen in the context of the larger role being consciously carved for the private sector in an economy which was earlier largely controlled and managed by the State. The purpose of this study was to determine the relationship between the application of principles of corporate governance GCG to the implementation of corporate social responsibility CSR and the motives behind CSR practices and disclosures made by the company.
Corporate Social Responsibility: Past, Present, And Future
Partnership with BEE In 2010-2011, the Bureau of Energy Efficiency BEE and HSBC signed a Memorandum of Understanding to work closely on the formers Energy Efficiency Financing Platform EEFP. Increased appeal to investors and financial analysts. Nevertheless, in the endeavour of sustaining a true and vibrant democracy, the country strives very hard to extent the facilities and benefits to all strata of the society due to its constrained resources. As CSR is gaining prominence, there is a growing need for incorporating social responsibility in management curriculum. Definition Achieving commercial success in ways that honour ethical values and respect people, communities, and the natural environment Definitions: Practice WBCSD World Business Council for Sustainable Development The continuing commitment by business tobehave ethically and contribute tosustainable economic development whileimproving the quality of life of the workforceand their families as well as of the localcommunity and society. Larger companies took longer to adapt.
Originally intended as a patent medicine when it was invented in the late 19th century by John Pemberton, Coca-Cola was bought out by businessman Asa Griggs Candler, whose marketing tactics led Coke to its dominance of the world soft-drink market throughout the 20th century. The CSR projects or programs or activities that benefit only the employees of the company and their families shall not be considered as CSR activities in accordance with section 135 of the Act. Whether provisions of CSR are applicable on Section 8 Company, if it fulfills the criteria of section 135 1 of the Act. Corporate Social Responsibility, is applicable from which Financial Year? Sustainability in Education Sustainability is inherently trans-disciplinary where the disciplines of ecology, biology, economics, complexity science, systems theory, behavioural sciences, applied engineering, etc. Or does it really matter as long as the organization is involved in doing some good! Global commitment to support at least one active, living programs in every country In India, they support Under 16 football tournament in partnership with AIFF and national Under-16 cricket tournament with Procam International. Fakta-fakta kerusakan ekologi pada tingkat planet yang jelas. Social distancing requirements have already required companies to innovate and adopt Leading companies will have an opportunity to address this dislocation through education and upskilling, creating value not only for their shareholders but also for society.
WHAT BOARD WILL DO? With the introduction of new Company act 2013 India became the first country in the world to have legislation for compulsory CSR spending. Industrial Revolution and World War The history of corporate social responsibility has its roots in the Industrial Revolution. Paul Austin threatened to move Coke headquarters when Atlanta business elites refused to support a 1964 gala honoring native son Martin Luther King Jr. Whether CSR expenditure of a company can be claimed as a business expenditure? Consensus has emerged that businesses exist to provide value for all stakeholders — customers, employees, suppliers, and the global community, not just shareholders. Launched in 2006 The four basic components of the model include: Partnership with the local Government Development of Innovative-Teaching-Learning Methods and Materials Continuous Monitoring for Evaluation and Tracking of every child and the Creation of Supportive Infrastructure. Culture of openness and sharing of good practice AVON - a partnership with Breakthrough Breast Cancer, and its Breast Cancer Crusade has raised over 10 million pounds since its launch 12 years ago TOIs Lead India campaign, campaign for contribution towards educating the poor Companies in troubleDasani mineral water part of Coca-Cola. As with past eras in the history of corporate social responsibility, , technology will continue to help CSR evolve.
