Corporate Social Responsibility

Structure
• Introduction
• What is CSR?
• CSR-Importance
• Corporate Philosophy behind CSR
• CSR-Users
• CSR- A necessity and not a choice
• CSR-Organizational Procedure
• CSR-Practice
• CSR-Evaluation procedures
• CSR Vis – a – Vis Economic Crisis
• CSR Reporting & Disclosure – International scenario
• CSR-Indian scenario
• CSR-Loopholes
• CSR-Future ahead & implementation
• Conclusion
 Introduction
• CSR- common use from early 1970s
• The other names are corporate citizenship,
corporate responsibility, sustainable responsible
business and corporate social performance.
• the profit motive practice by companies it self is
driving them to adopt CSR practice.
• Social responsibility sponsored by a business
should form part of corporate strategy for smart,
sustainable and inclusive growth.
 What is CSR?
• “Doing well by doing good” & “To be accountable
to the stake- holders beyond financial
obligations”
• CSR is a form of corporate social regulation
integrated into a business model.
• Ideally, CSR policy would function as a built-in,
self-regulating mechanism where by business
would monitor and ensure it’s support to law,
ethical standards and international norms.
 CSR-Importance
• Organizations with high CSR become the
employers of choice (an excellent place to work),
a neighbor of choice (community where it
operates is pleased to have it operating there),
and vender of choice (avoiding bad product
design and safety issues giving full value).
• Companies need to start investing more in CSR
activities to bridge the gap between functional
cost and true cost.
 Corporate Philosophy behind
CSR
• Economic performance of a corporate and
social responsibility can go hand in hand,
when there is a genuine consideration of
our impact on the communities and the
environment in which we love and work.