BUSINESS ENVIRONMENT

Assignment No. ----3
TOPIC-------------Corporate Responsibility [CIPLA] Governance & Social

MADE BY---------Haziq Mushtaq.

SECTION----------318.

ROLL NO.---------B-60.

SUBMITTED TO--Mr. Pankaj Jain.

LOVELY PROFESSIONAL UNIVERSITY LOVELY SCHOOL OF BUSINESS

CORPORATE SOCIAL RESPONSIBILITY

or in how it treats and develops its workforce. unhindered except by fulfilling their duty to pay taxes. it is financial analysts who are predominantly focused . good or bad. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large" The same report gave some evidence of the different perceptions of what this should mean from a number of different societies across the world. Most look to the outer circle . the community and the government" from Ghana.on quality of management as an indicator of likely future performance.both in terms of people and processes (the inner circle). Outside stakeholders are taking an increasing interest in the activity of the company. in terms of its products and services. and quantity of their impact on society in the various areas.which if managed properly should enhance the competitiveness of business and maximise the value of wealth creation to society. It respects cultural differences and finds the business opportunities in building the skills of employees. complemented by investment in communities for solid business case reasons. The quality of their management .what the company has actually done. . Traditionally in the United States. 2. Out of the various stakeholders. CSR has been defined much more in terms of a philanthropic model.Companies need to answer to two aspects of their operations. used the following definition. The nature of. in terms of its impact on the environment and on local communities. It is seen as tainting the act for the company to receive any benefit from the giving. 1. OTHER DEFINITIONS The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts. through to "CSR is about business giving back to society" from the Phillipines.as well as past financial performance . Companies make profits. I believe this model is more sustainable because: Social responsibility becomes an integral part of the wealth creation process . Definitions as different as "CSR is about capacity building for sustainable livelihoods. Then they donate a certain share of the profits to charitable causes. The European model is much more focused on operating the core business in a socially responsible way. Personally.

CORPORATE SOCIAL RESPONSIBILITY ---------CIPLA .

friendly practices at all units.Government of India. As a part of its "Social Responsibility" CIPLA also runs a palliative care home (among their many other programmes). Cipla has been working with Drugs For Neglected Diseases Initiative (DNDi). Cipla's Kurkumbh unit was awarded the Sword of Honour for the second time.In 200203. COMMUNITY CARE Over the years. Cipla has provided affordable medicines for HIV/AIDS. which helped treat over 1 million older people. a Geneva-based research organisation and Medecins Sans Frontieres (MSF).This programme covers more than 45. as per data collected by World Health Organisation (WHO) and the Clinton Foundation. UK In addition. Cipla has initiated several programmes to fulfil its corporate social responsibility (CSR).to develop new drugs for malaria and leishmaniasis (kala azar). well-designed effluent treatment plants at its factories.malaria. The Company has modern. benefiting 4 lakh elderly persons.The Company has provided subsidised drugs. As always. safety and environment awareness programmes were organised for neighbouring villages. an independent humanitarian medical aid agency. the Company maintained high standards of occupational health. Patalganga. During the year. The Company's anti-AIDS drugs are sold in more than 102 countries. 38 lakh worth of medicines to support the then existing 20 MMUs. SAFETY AND ENVIRONMENT CARE Various health.The zero discharge treated water is used for maintaining its green belt. HelpAge's MMU programme requires immense financial support and free medication. they donated Rs. In consultation with regulatory authorities. second-line TB and other diseases. Cipla has also partnered with Schistosomiasis Control Initiative (a public health programme by the Imperial College of London) for the control of the second most prevalent tropical disease in Africa after malaria. which is the most vital aspect of the project. on the outskirts of Pune. safety and environment.One of HelpAge India 's most consistent supporters over the years has been pharma giant CIPLA. 1 crore worth of medicines from CIPLA.000 infected children. One out of every three HIV patients in the world receiving treatment is on an anti-AIDS drug manufactured by Cipla. In 2000-2001. estimated . by the British Safety Council. It was due to this philanthropic support that the number of beneficiaries increased by 40%. HelpAge received nearly Rs. CIPLA has been providing this munificent support for many years. In keeping with the Company's continuous endeavour towards the treatment of neglected diseases (usually diseases of the Third World). HelpAge is grateful to CIPLA for supporting the cause of the disadvantaged elderly. the Inspectorate of Factories &Boilers. school children and police personnel at Baddi. Kurkumbh and Bangalore. Cipla has also joined hands with the Clinton Foundation to support its worldwide paediatric HIV/AIDS initiative. has awarded Cipla's Goa unit^a certificate for achieving the longest accident-free year since certification. Cipla has one of the largest portfolios of anti-malarial drugs and supplies more than 20 million anti-malarial treatments worldwide. its Kurkumbh and Bangalore plants have been certified for compliance with ISO 14001 and OHSAS 18001 standards/The new Patalganga plant has been developed in accordance with OHSAS 18001 guidelines.

com/whatsnew/newsarchive2007.cipla.moneycontrol.BIBLIOGAPHY http://www.php?sc_did=C http://www.com/ .moneycontrol.com/homepage/companyprofile.htm http://www.cipla.com/stocks/company_info/directors_report .cipla.htm http://www.htm http://www.com/whatsnew/newsarchive2004.

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