C.S.

R
Corporate Social Responsibility
"Be Responsible When You Are Profitable"

" Business should not only be

responsible morally to the stakeholders
but also to the society. "

- Warren Buffett

। Sk Firoj
BBA,
IAER
October 31, 2023
 October 31, 2023

1 What is CSR
Today's
Agenda 2 Needs of CSR

3 CSR Activities

4 CSR Examples
 October 31, 2023

What is CSR

CSR is a way for businesses to be socially accountable to themselves, their stakeholders, and the general public.
Businesses can be aware of their effects on the economy, society, and the environment by taking part in
corporate social responsibility, which is also called corporate citizenship.

CSR means that in the normal course of business, a company does things that help society and the environment
instead of hurting them.

- source:
 October 31, 2023

CSR as per the world

business council

"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".

- source:
 October 31, 2023

Triple bottom line of CSR

 October 31, 2023

Responsibility pyramid of CSR

 October 31, 2023

Prime Factors of CSR

• Climate change
• Transparency in business practices
• Ecological diversity
• Fair trade and procurement
• Corruption prevention
• Labour rights
• Health and safety
• Education
• Income quality and fair wages
• Poverty
 October 31, 2023

Needs of CSR
Needs or benefits of CSR

CSR benefits a firm just as much as it benefits the

community. CSR initiatives can strengthen the
relationship between workers and businesses,
increase morale, and help both parties feel more a
part of the world.

Business
 October 31, 2023

Why CSR?
Argument over CSR
• Companies' freedom to conduct business in
society is not unassailable.
• Those in charge of businesses should understand
their reliance on society.
• Institutions that were developed via social
interaction are essential to business
• There is a social contract between business and
society that outlines shared responsibilities that
both parties acknowledge they have to one
another.
 CSR vs Business October 31, 2023

• CSR should not be at cost of business.

• CSR should not affect Profitability of business.
• CSR should not be a profit center & not cost component.
• CSR should done only when business is prospering.
• CSR should be a meaning full service.
• CSR is not a use as sword of ego.
 October 31, 2023

• Sec. 10 of Income Tax Act

• Sec.80 of Income Tax
• Income Tax Exemption and deduction for activities like
• Reserch and Development
• Staff training
• Education Activity
• Health Activity
• Society welfare
• MAT credits available
• Other benefits

CSR - Tax angle

 October 31, 2023

Top Indian companies in CSR

• TARA Group
• BHEL
• Wipro
• Bajaj auto limited
• Larson & Toubro
• Otis Elevator Company
• ACC
• Asian paints
• SAIL
• Colgate Palmolive
• ITC
• Sahara Group
• Ashoka Leyland

Ranking as per :
 October 31, 2023

CSR Activities
• Starting social trusts
• Anti pollution measures
• Adopting villages
• Family planning clinics
• Training unemployed youth
• Community development activities
• Conducted social audit s on a voluntary basis
• Provide medical
• Recreational facilities
• To develop sports,
• Undertake consumer education campaigns etc.
CSR Example
Social
Corporate
• Tata Group – TIFR, TISS,
Tata Cancer Hospital, Ratan
Tata Institute, JRD Tata
Lecture Series - Awards.
Nationalization of Tata
enterprises.
• Ambuja Cement receives
International Reorganization
for Di- Salianation Project
in Costal Gujarat.
Together
Responsibility
• Reliance conducts most of its
• Wipro - Donation of 1/4th of Personal
Worth's by Owners for Social Cause
• JSW Steel in Dolvi - Pen, Maharashtra
Provides free electricity to nearby
villages through surplus of captive unit
• Indian Automobile industry promotes use
of CNG for Public Transport
• Solar Energy Street Lightning by various
corporate
We make
community outreach programs through
Reliance Foundation, the CSR arm of
the Reliance Group. The main areas of
focus of CSR of Reliance Industries
include Rural Transformation,
Education, Disaster Response, Health,
Sports for Development, and Arts,
Culture and Heritage
The world better
 31 October, 2023

We're done! Sk Firoj

BBA, IAER
।