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how-and-where-to-start-csr-work

How and where to start your company’s CSR work?

If your company has come under the purview of doing compliance under the CSR provisions of the Companies Act, then you may like to take a look at these 6-step-checklist to understand how and where to start your company’s CSR (Corporate Social Responsibility) work. 1. Lay out a steady administration and Board The Board will characterize, regulate, and survey the CSR/CG arrangement of the organization. The Board likewise has the

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CSR

Environmental Sustainability and CSR

Interviews for the position of Marketing Manager were on in a multinational electronics company. Lot of prospective candidates were bidding their chances of selection. Interviewers were delighted but at the same time confused – whom to hire. The last candidate for that day, Jay appeared before the panel of interviewers. As they say, the fate of the interview is generally decided in the first 3 and a half minute. Same

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children

Why must India’s education system improve

India has produced some of the most talented individuals who have done us proud with their exemplary intellect and qualifications. To name a few… Sathya Nadella – CEO, Microsoft. Indira Nooyi – CEO, Pepsico, Ajay Banga – President & CEO, Mastercards, Harish Manwani – COO, Uniliver, Shantanu Narayen – CEO, Adobe, Rakesh Kapoor – CEO, Reckitt Benckiser, etc. They all have at least four things in common. Can you tell

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csr

The New Companies Bill on CSR

The New Companies Bill was finally passed in Rajya Sabha on 8th August 2013, making it mandatory for profit making companies to spend on activities related to Corporate Social Responsibility (CSR). With the new legislation, India would possibly become the first country to have Corporate Social Responsibility (CSR) spending through a statutory provision. The new Bill mandates that every company having a net worth of Rs 500 crore or more,

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real-estate

CSR in Real Estate Sector

In a free enterprise, the community is not just another stakeholder in business; it is in fact the very purpose of its existence. CSR professionals in the real estate sector have to understand the social and environmental impacts and come out with a detailed Social and Environmental Risk Materiality mapping. Corporate Social Responsibility (CSR) in India came into limelight with the amendment in the Companies Act of 2013 which makes

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hawa mahal jaipur

Why review the (CSR)?

A few Members of Parliament recently wanted CSR funds to be available to maintain historical monuments. There was an intense debate. The positive outcome was that many new areas that were either uncovered to receive CSR funds or low exposure were highlighted.  The Upper House discussed the Companies (Amendment) Bill, 2019, which BJP MP Vinay Sahasrabuddhe introduced on July 12, 2019. He had championed a cause that said the Archaeological

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man-throwing-money

Dealing with corporate fraud in CSR way

“History books and pages of business journals are dotted with cases of companies that perpetrated frauds and have since ceased to exist. Ethics and transparency is important for sustainable business and enters into every aspect of it, such as, quality standards, honest payment terms for both customers and suppliers, staff relationships and tax returns to mention only a few. The scope of operations for which companies are expected to be

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csr-funds

Roadmap for NGOs for accessing CSR funds

Corporate Social Responsibility (CSR) under Companies Act is not an act on extension of charity. It is neither an act on regulating philanthropy nor be treated as guaranteed giveaway for the Non-Government Organizations (NGO). NGOs include Voluntary Organizations, Civil Society and Community Based Organizations. There are set norms and limitations for taking up activities under CSR. The below article is an expression of understanding these two extreme ends thereby creating

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dog-thirsty

7 Steps of effective CSR

One’s social and environmental conscience will leave a lasting impression on the consumers and society at large. A survey in that regard clears the air. A Cone Inc. survey reports that if a company is socially and environmentally responsible, it will be trusted more by people. The survey saw 83% people giving their agreement to this fact. Now not only how many CSR activities, but how effectively any company communicates

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