Corporate Social Responsibility (CSR, Also Called Corporate Conscience, Corporate Citizenship) Can Be Defined As - The
Corporate Social Responsibility (CSR, Also Called Corporate Conscience, Corporate Citizenship) Can Be Defined As - The
Corporate Social Responsibility (CSR, Also Called Corporate Conscience, Corporate Citizenship) Can Be Defined As - The
Corporate
social
responsibility (CSR,
conscience, corporate
also
called corporate
it
is
form
of corporate self-regulation
integrated
into
in
the
1960s
and
has
remained
term
used
IMPORTANCE OF CSR
Social initiatives taken by the organizations tend to promote
goodwill and corporate trust, and this will contribute to the long
run
success
of
the
business.
Therefore,
by
being
socially
Eligibility Criteria:
Company (includes foreign company with branches or project in
India) having:
Minimum net worth of rupees 500 Crore.
Turnover up to "1000 Crore"
having a net profit of at least '5crore'.
during any financial year, are covered by this provision
Turning the CSR from voluntary activities to the mandated
responsibilities, also governed by the bundle of regulations as
follows:
Composition of CSR Committee
The Company should constitute a Corporate Social Responsibility
Committee as follows:
1. The Committee shall consist of minimum 3 (three) including 1
(one) Independent Director, however in case of Private
Company or the Company, which is not required to appoint
Independent Director on board, or Foreign Company the
committee can be formulated with (2) two directors.
2. The CSR Policy shall be formulated in accordance with
Schedule VII and the CSR Committee will be responsible for
framing the policy, finalizing the amount to be spent on CSR,
monitoring & implementation of the Scheme.
Favouring
to
prime
ministers
national
relief
fund
and
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8} COCA-COLA INDIA.
9} STEEL AUTHORITY OF INDIA.
10} INFOSYS.
1} TATA STEEL:
* TATA STEELS CSR team consists of 550 people and is run like a
professional company
* Tata steel project MANSI UNDERWAY in 167 villages of
SERAIKELA district, has brought down infant mortality rate by
26.5% and neo natal mortality rate by 32.7%.
* It is launching 1000 schools projects in Odisha, aimed at
improving the quality of education in government primary schools.
Sukinda Chromite Mine of the Tata Steel in Odisha won Asian
CSR Leadership Award on 24 September 2014
2} TATA CHEMICALS:
* It joined hands with the wild life trust of India to launch a series
of programs to spread awareness and save the endangered species.
* 30% of the budget of the company is kept for wild life projects and
recently they have conducted a public awareness campaign in
Gujarat on saving the Whale Sharks.
* It has organized women self help groups to encourage traditional
handicrafts skills for a brand called OKHAI in which they are
earning 5000 per month.
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* Their
3} MAHINDRA GROUP:
* They aim to enable people to live healthier by organizing various
workshops on dental care, hygiene and others.
* They have undertaken water conservation program.
4} MARUTI SUZUKI:
* It concentrates on road safety, education and cleanliness.
* In partnership with local community and government, Maruti has
upgraded the infrastructure of government schools apart from
offering scholarships to meritorious students.
5} TATA MOTORS:
* The company has organized medical camps and has trained
community members in first aid.
* The company runs malnutrition treatment centres in partnership
with UNICEF and the state government.
* It has undertaken waste land for development and planted over
10,00,000 trees partnering with government departments and
NGOs.
* Statistics prove that Over 2.84 lakh people are benefited from Tata
Motors healthcare related CSR activities
* They train farmers on scientific techniques in vegetable
cultivation, social and fertilizer management.
6} SIEMENS:
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10} INFOSYS:
* It supports programs and organizations devoted to the cause of
rural poor, mentally challenged and economically disadvantaged
sections of the society.
* It helps to preserve certain cultural forms and arts of India.
* It has donated computers to various institutions across India.
Apart from these companies, recently TCS and Bharti Foundation
have announced to spend 200 crore rupees for Clean India
Campaign.
.
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Being economic
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Corporate
Social
Responsibility
which
impacts
through
CSR
projects
and
adopt
multi-
must
be
more
and
more
Partnerships
between