H.

K INSTITUTE OF MANAGEMENT STUDIES AND

RESEARCH

CORPORATE SOCIAL RESPONSIBILITIES

ASSIGNMENT

UNDER THE GUIDANCE OF:

PROF. SHADAB KHAN

SUBMITTED BY:
SANA SHAIKH (A-38)
 Table of content

1. What is Corporate Social Responsibility

2. Types of Corporate Social Responsibility
3. Benefits of Corporate Social Responsibility

4. Scope & Importance of Corporate Social Responsibility

5. Company Profile

6. Company Mission

7. Company History
8. Corporate Social Responsibility Activities

9. Corporate Social Responsibility Budget & Expenditure

 10. Conclusion

Godrej & Boyce

What is Corporate Social Responsibility
Corporate social responsibility (CSR) is a self-regulating business model
that helps a company be socially accountable to itself, its stakeholders,
and the public. By practicing corporate social responsibility, also called
corporate citizenship, companies can be conscious of the kind of impact
they are having on all aspects of society, including economic, social, and
environmental.
To engage in CSR means that, in the ordinary course of business, a
company is operating in ways that enhance society and the environment
instead of contributing negatively to them.
Corporate social responsibility is a business model by which companies
make a concerted effort to operate in ways that enhance rather than
degrade society and the environment.
CSR helps both improve various aspects of society as well as promote a
positive brand image of companies.
Corporate responsibility programs are also a great way to raise morale in
the workplace.
CSRs are often broken into four categories: environmental impacts,
ethical responsibility, philanthropic endeavors, and financial
responsibilities.
Corporate social responsibility is a broad concept that can take many
forms depending on the company and industry. Through CSR programs,
philanthropy, and volunteer efforts, businesses can benefit society while
boosting their brands.
For a company to be socially responsible, it first needs to be accountable
to itself and its shareholders. Companies that adopt CSR programs have
often grown their business to the point where they can give back to
society. Thus, CSR is typically a strategy that's implemented by large
corporations. After all, the more visible and successful a corporation is,
the more responsibility it has to set standards of ethical behavior for its
peers, competition, and industry.

Types of Corporate Social Responsibility

In general, there are four main types of corporate social responsibility. A
company may choose to engage in any of these separately, and lack of
involvement in one area does not necessarily exclude a company from
being socially responsible.

Environmental Responsibility
Environmental responsibility is the pillar of corporate social
responsibility rooted in preserving mother nature. Through optimal
operations and support of related causes, a company can ensure it leaves
natural resources better than before its operations. Companies often
pursue environmental stewardship through:
Reducing pollution, waste, natural resource consumption, and emissions
through its manufacturing process.
Recycling goods and materials throughout its processes including
promoting re-use practices with its customers.
Offsetting negative impacts by replenishing natural resources or
supporting causes that can help neutralize the company's impact. For
example, a manufacturer that deforests trees may commit to planting the
same amount or more.
Distributing goods consciously by choosing methods that have the least
impact on emissions and pollution.
Creating product lines that enhance these values. For example, a
company that offers a gas lawnmower may design an electric
lawnmower.

Ethical Responsibility
Ethical responsibility is the pillar of corporate social responsibility
rooted in acting in a fair, ethical manner. Companies often set their own
standards, though external forces or demands by clients may shape
ethical goals. Instances of ethical responsibility include:
Fair treatment across all types of customers regardless of age, race,
culture, or sexual orientation.
Positive treatment of all employees including favorable pay and benefits
in excess of mandated minimums. This includes fair employment
consideration for all individuals regardless of personal differences.
Expansion of vendor use to utilize different suppliers of different races,
genders, Veteran statuses, or economic statuses.
Honest disclosure of operating concerns to investors in a timely and
respectful manner. Though not always mandated, a company may
choose to manage its relationship with external stakeholders beyond
what is legally required.
Philanthropic Responsibility
Philanthropic responsibility is the pillar of corporate social responsibility
that challenges how a company acts and how it contributes to society. In
its simplest form, philanthropic responsibility refers to how a company
spends its resources to make the world a better place. This includes:

Whether a company donates profit to charities or causes it believes it.

Whether a company only enters into transactions with suppliers or
vendors that align with the company philanthropically.
Whether a company supports employee philanthropic endeavors through
time off or matching contributions.
Whether a company sponsors fundraising events or has a presence in the
community for related events.

Financial Responsibility
Financial responsibility is the pillar of corporate social responsibility
that ties together the three areas above. A company make plans to be
more environmentally, ethically, and philanthropically focused;
however, the company must back these plans through financial
investments of programs, donations, or product research. This includes
spending on:
Research and development for new products that encourage
sustainability.
Recruiting different types of talent to ensure a diverse workforce.
Initiatives that train employees on DEI, social awareness, or
environmental concerns.
Processes that might be more expensive but yield greater CSR results.
Ensuring transparent and timely financial reporting including external
audits.

Benefits of Corporate Social Responsibility

As important as CSR is for the community, it is equally valuable for a
company. CSR activities can help forge a stronger bond between
employees and corporations, boost morale, and aid both employees and
employers in feeling more connected to the world around them. Aside
from the positive impacts to the planet, here are some additional reasons
businesses pursue corporate social responsibility.

Brand Recognition
According to a study published in the Journal of Consumer Psychology,
consumers are more likely to act favorably towards a company that has
acted to benefit its customers as opposed to companies that have
demonstrated an ability to delivery quality products.
Customers are increasingly becoming more aware of the impacts
companies can have on their community, and many now base purchasing
decisions on the CSR aspect of a business. As a company engages more
in CSR, they are more likely to receive favorable brand recognition.

Investor Relations
In a study by Boston Consulting Group, companies that are considered
leaders in environmental, social, or governance matters had an 11%
valuation premium over their competitors.
For companies looking to get an edge and outperform the market,
enacting CSR strategies tends to positively impact how investors feel
about an organization and how they view the worth of the company

Employee Engagement
In yet another study by professionals from Texas A&M, Temple, and the
University of Minnesota, it would found that CSR-related values that
align firms and employees serve as non-financial job benefits that
strengthen employee retention.
Works are more likely to stick around a company that they believe in.
This in turn reduces employee turnover, disgruntled workers, and the
total cost of a new employee.

Risk Mitigation
Consider adverse activities such as discrimination against employee
groups, disregard for natural resources, or unethical use of company
funds. This type of activity is more likely to lead to lawsuits, litigation,
or legal proceeds where the company may be negatively impacted
financially and be captured in headline news. By adhering to CSR
practices, companies can mitigate risk by avoiding troubling situations
and complying with favorable activities.

ISO 26000
In 2010, the International Organization for Standardization (ISO)
released ISO 26000, a set of voluntary standards meant to help
companies implement corporate social responsibility. Unlike other ISO
standards, ISO 26000 provides guidance rather than requirements
because the nature of CSR is more qualitative than quantitative, and its
standards cannot be certified.
ISO 26000 clarifies what social responsibility is and helps organizations
translate CSR principles into practical actions. The standard is aimed at
all types of organizations, regardless of their activity, size, or location.
And because many key stakeholders from around the world contributed
to developing ISO 26000, this standard represents an international
consensus.

Scope & Importance of Corporate Social Responsibility

The movement toward CSR has had an impact in several domains. For
example, many companies have taken steps to improve the
environmental sustainability of their operations, through measures such
as installing renewable energy sources or purchasing carbon offsets. In
managing supply chains, efforts have also been taken to eliminate
reliance on unethical labor practices, such as child labor and slavery.
Although CSR programs have generally been most common among
large corporations, small businesses also participate in CSR through
smaller-scale programs, such as donating to local charities and
sponsoring local events.

COMPANY PROFILE

Industry FMCG/ Real Estate/ Engineering &

Construction/ Consumer Electronics &
Appliances
India Employee count 10k-50k
Headquarters Mumbai, Maharashtra, India
Type of Company Indian MNC
Key People Jamshyd Godrej, Navroze Godrej,
Vijay Chrishna, Nyrika Holker, Anil
Verma
Ownership Private
Founded in 1897 (125 years old)
Global Employee Count 10k-50k
Office Location Mumbai, Maharashtra, India
Nature of Business B2C
Registered Name Godrej & Boyce Manufacturing
Company Limited
Website godrejandboyce.com

COMPANY MISSION
In 1897 a young man named Ardeshir Godrej gave up law and turned to
lock-making. Ardeshir went on to make safes and security equipment of
the highest order, and then stunned the world by creating toilet soap
from vegetable oil. His brother Pirojsha Godrej carried Ardeshir's dream
forward, leading Godrej towards becoming a vibrant, multi-business
enterprise. Pirojsha laid the foundation for the sprawling industrial
garden township now called Pirojshanagar in the suburbs of Mumbai,
where the Godrej Group has its headquarters.
Godrej & Boyce Mfg. Co. Ltd., a Godrej Group Company, started its
journey with the manufacture of high quality locks in 1897. Today, we
have 15 diverse business divisions offering consumer, office, and
industrial products and services of the highest quality to every corner of
India and across the globe.

Mission: Godrej in Every Home and Workplace

Vision: Enriching Quality of Life, Everyday Everywhere

COMPANY HISTORY
Engineering excellence and a strong pioneering spirit continues to
underscore the operating philosophy of Godrej & Boyce Mfg. Co. Ltd.
(G&B), the flagship company of the Godrej Group. Since 1897, G&B
has played a pivotal role in India’s economic growth and created
sustainable value for all its stakeholders through its products and
services across ten industries.
With revenues of INR 12,520 crore (FY 2021-22) and over 14,000
committed employees, G&B’s diverse presence across 10 industries –
from building complex bespoke engineering solutions to making
branded consumer goods like appliances, furniture, locks and security
solutions. G&B positively impacts the lives of one-third of India’s
population. Through international subsidiaries and joint ventures, the
company’s products have also established a strong global footprint
across 5 continents.
G&B’s B2B businesses have been built through strategic investments in
high-end engineering capabilities and manufacturing scale. The
company is a key partner for India’s space missions and numerous
satellite launches as well as a key supplier for complex engineered
solutions for renewable energy, power transmission and other critical
industrial infrastructure globally. G&B’s security solutions have given
the company a key role in securing national borders, cities, bank vaults,
institutions and homes across India.
An intrinsic understanding of customers for over 125 years has helped
G&B’s businesses to constantly innovate and build products and
solutions with clarity of purpose. These are manufactured in G&B’s
quality-driven and technology-led facilities and distributed through a
national and international network of partners.
The company engages with millions of consumers and businesses across
the world by building effective and efficient household appliances,
providing solutions for security, storage as well as interiors with an
attention to detail and service that are eponymous with trust and quality.
The company is present in every corner of India, fulfilling aspirations of
customers and helping them lead secure and fulfilled lives.
As a values-driven company known for its trust, integrity and social
conscience, G&B has built a compassionate corporate culture designed
to empower individuals, teams, and communities in order to cater to the
requirements of customers and community. For this, G&B has been
consistently recognised as one of India’s most respected companies. Its
robust sustainability practices aptly demonstrated by its Good & Green
initiatives have helped preserve the environment and underscores
G&B’s business operations.
Facing the future with excitement and resolve, the DNA of G&B
remains rooted in the vision of the founders, Ardeshir and Pirojsha
Godrej. Ardeshir eschewed a legal career to embark on an
entrepreneurial journey in the late 19th century driven by his
inventiveness and passion for people’s needs. Pirojsha’s strong business
acumen and Ardeshir’s inventive mind made them a strong team. They
patented the world’s first springless lock, built the first indigenously
manufactured fire and burglar resistant safe, and later created another
global milestone by inventing a process to make soap from vegetable oil.
G&B has filed over 209 patents and has been granted 77 patents.
These values were carried forward by Pirojsha’s son Naval Godrej who
laid the foundation for the urban township of Pirojshanagar in Vikhroli,
Mumbai. It is now home to over 10,000 families who live and work at
G&B and it is where the company’s global headquarters and key
operations continue to be located.
To capture new opportunities emerging in a Digital-first, Industry 4.0
world, G&B is reimagining and reengineering its portfolio by investing
in digital technologies and processes, building new skill sets among
employees and engaging with customers across social and online
platforms.

COMPANY CSR ACTIVITIES

- CSR and skill development: Specific initiatives to skill, train and

empower women
In 2011, the company under its CSR strategy called `Good and Green’
had launched Godrej Disha to ensure employability for one million
youth by 2020 with an objective of enhancing their earning potential.
Godrej Disha is the flagship skill training program for the underserved
rural and urban youth. Recently, Godrej Material Handling business unit
organized a series of training programs to train women to operate
forklifts. The course started as a gender equality initiative with the
vision to encourage more women in manufacturing sector. Women
forklift drivers seem to be non-existent in India and this may be one of
the very first times such training has been conducted by any company.
This training is opening a new career option for these women.Godrej has
also trained women in other manufacturing trades such as welding, fitter,
CNC machining.
Godrej & Boyce strongly believes in gender equality, and thus there are
a number of initiatives for their capacity building in the company.
Godrej Appliances has trained and employed women under sales and
service who have been doing extremely well in achieving business
targets. In the Godrej Appliances factory at Shirwal (near Pune,
Maharashtra),the energy efficient air conditioner is currently being
assembled by women.
We are also working towards empowering women in the communities
around our area of operations. In Khalapur, we have built capacity and
done institutional building through SHG formation and other health and
water projects for community sustainability by keeping women in the
centre. In some communities in Maharashtra the engagement of women
in the community has been minimal. For instance, in a Sarpanch’s office
you will only find male representatives. Hence, we have realized we
need to empower women. We have taken a very creative approach along
with our partner WOTR (Water Organization Trust Resource) who are
doing remarkable work in this area that is delivering results.
As we move along, we will take care that institutionally women are
strong, and working together then we will initiate some projects around
livelihood, making them entrepreneur by setting up small enterprise
where they can have regular income. It is critical that we lay the
foundation by building their capacity so that they successfully build
strong and resilient institutions that are capable to take ownership for
long range community sustainability.

- Outcomes of CSR skilling projects and challenges in skilling

women
Under our flagship Godrej Disha project, the company has already
trained more than 90,000 candidates pan India in over 25 trades in four
sectors along with our skill training partners. Some of the trades in
which we have given training are welding, fitting CNC, carpentry,
forklift, electrician etc. After completing more than 5 years in this
initiative, we conducted an impact study and found out our initiative had
resulted in an increase of Rs. 100 per day in the income of these youth
and an overall economic value addition to the community is 30 times
more. This program has helped not only the individual and spurred
economic development of the community but has contributed to our
country’s GDP. Beneficiaries have achieved greater financial security
and hence the training by Disha made the required impact on rural and
urban youth.
While our group company Godrej Consumer Products Limited has been
able to train mostly women in Beauty and Wellness trade, one of the
biggest challenge for Godrej and its skilling partners has been to
mobilize women for training in manufacturing sector. But we have not
given up hope and continue to mobilize and train women in small
numbers and use some of the success stories in outreach and
communication so that we can attract more women in manufacturing.

- Alignment of business and social impact

One of the very important pillars of our Good and Green initiative is
‘Innovating for good & green products’. This pillar defines our business
goals’ alignment to our CSR strategy. We at Godrej believe in
innovating good product/service that addresses a critical issue for people
living below the poverty line and the issue could be related to health,
hygiene, water, sanitation, housing, education or livelihoods. We are
taking a number of initiatives in this direction. A green product/service
is that which reduces energy, water or material consumption by 20%,
GHG emissions by 20%, eliminates toxic materials or uses 100%
recyclable, renewable and / or natural material. Thus, making
environment one of the biggest factor to be kept in mind while taking
business decisions.
Our Goal is to have a third of our portfolio revenues comprising good
and/or green products and services – defined as products that are
environmentally superior or address a critical social issue (e.g. health,
sanitation, disease prevention) for consumers at the bottom of the
income pyramid.

- Good & Green

By 2020, we aspire to create a more employable Indian workforce, build
a greener India, and
innovate for ‘good’ and ‘green’ products. The Godrej group’s Good &
Green goals for 2020 are:
- Employability
Train 1 million rural and urban youth in skills that enhance their earning
potential through
employability projects
India has 600 million people below the age of 25 out of which only 80
million (13%) are
employable. Recognising the seriousness of this problem, we have
undertaken projects that
focus on capacity and skill building of diverse target groups from rural
youth to low-income
women to make them employable and improve their earning potential
and livelihoods.
- Greener India
Achieve zero waste to landfill, carbon neutrality, a positive water
balance, 30% reduction in
specific energy consumption and increase utilization of renewable
energy sources through the
Greener India projects.
Our endeavor is to prevent the further deterioration of the environment
and preserve it for the
future generations. The Greener India initiative aims to do this through
innovative projects that
contribute to achieving the Godrej Group’s goals (as in Section 5.2)
linked to ensuring
environmental sustainability.
- Brighter Giving
We encourage our team members to be a part of our CSR projects.
Through Brighter Giving,
our structured volunteering programme, we provide volunteering
opportunities to our team
members to engage in skill-based, longer-term volunteering projects.
Our Good & Green CSR policy contributes to the Group-wide goals by
adopting projects in the
areas of intervention defined in Schedule VII of the Companies Act,
2013. Over and above the
Good & Green goals, from time to time we undertake additional CSR
activities such as:
• Education: Inclusive and equitable quality education for different age
groups and promote life-long learning opportunities for all
• Environmental sustainability: Water conservation, clean and renewable
energy, reduction of waste to landfill, environmental sustainability,
ecological balance, conservation of natural resources and reduction of
pollution
• Relief funds: Contribute to government relief funds or any other fund
for disaster relief and rehabilitation
• Rural development: Integrated rural development to improve
education, health, livelihoods, and environmental conditions in rural and
marginalised geographies.
Poverty & hunger: Support poverty and malnutrition projects, promote
preventive healthcare and sanitation, safe drinking water
• Research & technology: Support to research institutions and
technology
incubators in Central Government approved academic and research
institutions
• Gender issues: Support empowerment programmes for girl children,
adolescent girls, and women, through education, health and livelihood
projects, etc.
• National heritage: Protection of national heritage, art and culture
• Sports: Promote sports in all forms, geographies and for all groups
including (but not limited to) sports for persons with disabilities
• Armed forces welfare: support armed forces veterans, war widows and
their dependents.

CSR BUDGET AND EXPENDITURE

Year 2014- 2015- 2016- 2017- 2018- 2019- 2020-
15 16 17 18 19 20 21

Actual CSR 16.08 14.57 16.52 18.88 21.91 19.49 34.09

cr cr cr cr cr cr cr

Prescribed 12.41 14.22 16.38 18.83 21.87 25.34 28.05

CSR cr cr cr cr cr cr cr

CONCLUSION
- The activities by the chairman and other family members even
before the word CSR was known has made the Godrej group one
of the most trusted business house in India.
- The CSR activities continue from generation to generation.
- The CSR activities of Godrej are spread across all fields.
- They believe in actions, than words.
- Equal participation from Employees and Management.