csr in india by ojas maheshwari

Submitted to:Submitted to:Submitted by:Submitted by:Ojas MaheshwariOjas Maheshwari

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OutlineOutline……

• Triple bottom line

• What is CSR ?

• Evolution

• Clause 135 Company Act• Areas where CSR Budget can be spent • CSR activities in India

• Key Players of India

• Top companies with best csr policies• Indian companies CSR• Reference

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What is CSR ?

According to UNIDO,” Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders..”

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Evolution of CSR

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Triple Bottom Line

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Types of Social Responsibility1. Responsibility towards Shareholders

• To ensure a reasonable rate of return over time.• To work for the survival & the growth of the

concern.• To build reputation & goodwill of the company.• To remain transparent & accountable.

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2.Responsibility towards Employee

• To provide a healthy working environment.• To grant regular & fair wages.• To provide welfare services.• To provide training & promotion facilities.• To provide reasonable working standard & norms.• To provide efficient mechanism to redress

worker’s grievances.• Proper recognition of efficiency & hard work.

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3.Responsibility towards consumers

• Supplying socially harmless products.• Supplying the quality, standards, as promised.• Adopt fair pricing.• Provide after sales services.• Maintaining consumer’s grievances cell.

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Clause 135, Companies Act, 2013

• The CSR provisions within the Act is applicable to companies with an annual turnover of 1,000 crore INR and more, or a net worth of 500 crore INR and more, or a net profit of 5 crore INR and more..

• It also require companies to set-up a CSR committee consisting of their board members, including at least one independent director.

• The Act encourages companies to spend atleast 2% of their average net profit in the previous three years on CSR activities.

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1. Eradicating Hunger, Poverty and Malnutrition, 2. Promoting Education3. Promoting Gender Equality4. Ensuring Environmental Sustainability5. Protection of National Heritage, Art and Culture 6. Measures For The Benefit of Armed Forces 7. Training to Promote Rural Sports8. Contribution To The Prime Minister’s National Relief Fund 9. Contributions or Funds Provided By Technology Incubators 10. Rural Development Projects

Areas Where The CSR Budget Can Be Spent :

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CSR ACTIVITIES IN INDIA

(Source - Study conducted by Ernst & Young and PHD Chamber, published in Global CSR Summit - 2013) MBA D Group 57

CSR ACTIVITIES IN INDIA

EDUCATIONThe study indicates that providing infrastructure support is the most common activity in the education domain, undertaken by approximately 88% or 44 out of a total of 50 companies.

Source - Study conducted by Ernst & YoungMBA D Group 57

CSR ACTIVITIES IN INDIA

HEALTHCAREIn the healthcare domain, organising health camps to offer curative services and raising awareness on health issues are the most common activities implemented by nearly 74% of the companies.

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CSR ACTIVITIES IN INDIA

ENVIRONMENTCSR initiatives aimed towards the betterment of the environment include green initiatives such as tree plantationdrives to promote afforestation, as well as efforts to conserve water, and to manage and dispose of waste responsibly. Green initiatives garner the highest attention with 76% of all companies undertaking specific initiatives to improve the environment and approximately 64% taking measures to conserve water.

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CSR ACTIVITIES IN INDIA

RURAL DEVELOPMENTIn rural development, 68% of companies have been working towards betterment of rural areas by providing infrastructure support.

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Key Players of India

Source-economic times

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“We generate wealth for the people. What comes from the people must, to the extent possible, therefore get back to the people.” - J R D Tata

• Aadhit B(2015). Corporate social responsibility PPT [.ppt]. Retrieved from https://goo.gl/wbj5Tc• Gaurav. TATA CSR presentation[.ppt]. Retrieved from http://tinyurl.com/ho4d2yu• Jana Urban Foundation[.pdf]. Retrived from http://tinyurl.com/zs3q7pg• Corporate Social Responsibility in India – EY[.pdf]. Retrieved from http://tinyurl.com/hkoaoyr• handbook-on-corporate-social-responsibility-in-india (CII)[.pdf]. Retrieved from http://tinyurl.com/hoksgms• Csr world[.html]. Retrieved from http://tinyurl.com/zt6gayb• Image source. Retrieved from www.google.com

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