Project Description Brief description of the project CORPORATE SOCIAL RESPONSIBILITY 1
Transcript
1. Project Description Brief description of the project
CORPORATE SOCIAL RESPONSIBILITY 1
2. WWW.UNIQUEPLACES.COM CONTENT: - Introduction To CSR -
Mandatory Provisions Of CSR Under Companies Act 2013 - CSR
Initiatives by Different Companies In India - So why CSR? - Cases
Related To CSR - Conclusion 2
3. WWW.UNIQUEPLACES.COM INDIA India is one of the largest
economies of the world, and an increasingly important player in the
emerging global order. But it is still home to the largest number
of people living in absolute poverty (even if the proportion of
poor people has decreased) and the largest number of undernourished
children. What emerges is a picture of uneven distribution of the
benefits of growth which many believe, is the root cause of social
unrest. 3
4. WWW.UNIQUEPLACES.COM INDIAN COMPANIES Companies too have
been the target of those perturbed by this uneven development and
as a result, their contributions to society are under severe
scrutiny. With increasing awareness of this gap between the haves
and the have-nots, this scrutiny will only increase over time and
societal expectations will be on the rise. Many companies have been
quick to sense this development, and have responded proactively
while others have done so only when pushed. 4
5. WWW.UNIQUEPLACES.COM STEPS TAKEN Governments as well as
regulators have responded to this unrest. The National Voluntary
Guidelines for Social, Environmental and Economic Responsibilities
of Business or the NVGs (accompanied by the Business Responsibility
Reports mandated by the SEBI for the top 100 companies) released by
the Ministry of Corporate Affairs. The CSR clause within the
Companies Act, 2013. 5
6. WWW.UNIQUEPLACES.COM CSR & INDIA According to Indian
Institute of Corporate Affairs: A minimum of 6,000 Indian companies
will be required to undertake CSR projects in order to comply with
the provisions of the Companies Act, 2013 with many companies
undertaking these initiatives for the first time. Some estimates
indicate that CSR commitments from companies can amount to as much
as 20,000 crore. 6
7. WWW.UNIQUEPLACES.COM Mandatory Provisions of Corporate
Social Responsibility under Companies Act 2013 7
8. WWW.UNIQUEPLACES.COM MANDATORY PROVISIONS OF CSR UNDER
COMPANIES ACT 2013 o MCA notified section 135 and schedule VII of
Companies Act 2013 for Companies (CSR) rule 2014 came into effect
on April 1st, 2015. o With effect from April 1, 2014, every
company, private limited or public limited, which either has a net
worth of Rs 500 crore or a turnover of Rs 1,000 crore or net profit
of Rs 5 crore, needs to spend at least 2% of its average net profit
for the immediately preceding three financial years on corporate
social responsibility activities. o In determining CSR activities
to be undertaken, preference would need to be given to local areas
and the areas around where the company operates. Source:
http://www.business-standard.com/article/companies/an-overview-of-
csr-rules-under-companies-act-2013-114031000385_1.html 8
9. WWW.UNIQUEPLACES.COM o The activities that can be undertaken
by a company to fulfil its CSR obligations are: Providing food to
hunger, poverty and malnutrition, promoting preventive healthcare,
promoting education and promoting gender equality, setting up homes
for women, orphans and the senior citizens, animal welfare,
protection of national heritage, development and relief and welfare
of SC, ST, OBCs, minorities and women, contributions or funds
provided to technology within academic institutions approved by the
Central Government and rural development projects. 9
10. WWW.UNIQUEPLACES.COM CONSEQUENCES OF CSR & PENALTIES: -
Following activities are not consider as a CSR activities in
Section 135 - o Contribution to political parties. o Opening
schools for children's of employees o Bonus to workers o Providing
technical skills or additional knowledge to workers. o Running
welfare services for employees, etc. - Penalties for default: Rs.
50,000/- fine or 3years imprisonment or both a company owner have
to face for not filing the CSR report to the MCA. 10
11. WWW.UNIQUEPLACES.COM 11 CSR INITIATIVE BY DIFFERENT
COMPANIES IN INDIA
12. WWW.UNIQUEPLACES.COM 12 CSR INITIATIVE: SOLAR LAMPS SOURCE:
https://www.youtube.com/watch?v=gt- ga9hdZ0w
13. WWW.UNIQUEPLACES.COM 13 VASUNDHARA Tree Plantation
Programmes Creating Environmental Awareness Soil and Water
Conservation 1,64,000 trees were planted in 2013-14 SOURCE :
http://www.tatamotors.com /investors/financials/69-ar-
html/csr.html VIDYADHANAM o Scholarship Programmes o Special
Coaching Classes o School Infrastructure Improvement o
Co-Curricular activities o More than 37,000 children were benefited
in 2013-14 AAROGYA Addressing Malnutrition Preventive and Curative
Healthcare Services Creating health awareness More than 2,84,000
persons were benefited in 2013-14 KAUSHALYA o Driver Training
Programme o Training in Automotive and Technical Trades o Training
in Agriculture and allied activities o ITI adoption Programme-
training 137 youth across India o More than 20,000 youth were
benefited in 2013-14
14. WWW.UNIQUEPLACES.COM ORCHID CHEMICALS Orchid chemicals and
pharmaceuticals limited is an Indian company based in Chennai
founded on 1, July, 1992 by kailasam raghavendra rao an alumnus of
IIM Ahmedabad. There was a CSR conflict ,women workers protested
for not having equal rights as men in terms of salary, promotions
and basic facilities.
15. WWW.UNIQUEPLACES.COM CANON CANON is a Japanese
multinational corporation specialized in manufacture of imaging and
optical products. Canon has regional headquarters in japan America
,Asia ,Europe, middle east ,Africa ,etc. The csr conflict, the
workers are not allowed to sit during working hours , then should
work all day long . The main moto only to make profit and increase
efficiency of company.
16. WWW.UNIQUEPLACES.COM RELIANCE Reliance industries limited
is an Indian holding company headquartered in Mumbai .the group is
present in many business sectors across India including
petrochemicals, health care ,retail ,textiles, etc. The csr
conflicts Business with suppliers those using child labor. In may
2014, ONGC moved to Delhi court accusing RIL for disposing high
amount of toxic of its gas producing in Krishna Godavari
basin.
17. WWW.UNIQUEPLACES.COM ASIAN PAINTS Asian paints limited is
an Indian chemical company headquartered in Mumbai. It manufacture
paints for decorative and industrial use. It is India's largest and
Asia's third largest paint company. The CSR conflict The toxic
chemicals which are removed by the Asian paints industries caused
the death of thousand of fishes . Its chemical pollutes surrounding
water more faster than any other company.
18. WWW.UNIQUEPLACES.COM 18 SATISFIED EMPLOYEES Employees want
to feel proud of the organization they work for. An employee with a
positive attitude towards the company, is less likely to look for a
job elsewhere. It is also likely that you will receive more job
applications because people want to work for you. SATISFIED
CUSTOMERS Research shows that a strong record of CSR improves
customers attitude towards the company. If a customer likes the
company, he or she will buy more products or services and will be
less willing to change to another brand.
19. WWW.UNIQUEPLACES.COM 19 POSITIVE PR CSR provides the
opportunity to share positive stories online and through
traditional media. Companies no longer have to waste money on
expensive advertising campaigns. Instead they generate free
publicity and benefit from worth of mouth marketing. LONG TERM
FUTURE FOR YOUR BUSINESS CSR is not something for the short term.
Its all about achieving long term results and business continuity.
Large businesses refer to: shaping a more sustainable society
20. WWW.UNIQUEPLACES.COM 20 Communities provide the license to
operate. Attracting and retaining employees. A companys ability to
attract, retain and motivate employees with their CSR commitments.
Enhancing corporate reputation. Generating goodwill, creating a
positive image. Corporate Social Responsibility attracts more
investors. Customers are attracted towards Socially responsible
companies. Needs of CSR for a Company:
21. WWW.UNIQUEPLACES.COM 21
22. WWW.UNIQUEPLACES.COM CONT 3. Oil India Ltd. Educational,
health and infrastructural development. 4 Aditya Birla Group.
Social causes Health care and family welfare Infrastructure
development
23. WWW.UNIQUEPLACES.COM CONCLUSION CSR is the heart and soul
of modern corporations and is an important stander for corporate
governance. CSR is mandatory for every company according to Indian
Company Act 2013. It creates Goodwill of the company. Helps In
Profit maximization. CSR goes beyond the charity. 23
24. WWW.UNIQUEPLACES.COM SOURCE: Wikipedia Business Dictionary
MCA.gov.in
http://www.tatamotors.com/investors/financials/69-ar-html/csr.html
https://www.youtube.com/watch?v=gt-ga9hdZ0w
http://www.business-standard.com/article/companies/an-overview-of-csr-rules-under-
companies-act-2013-114031000385_1.html Slide Share Casefinder.uk
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25. WWW.UNIQUEPLACES.COM 25 QUESTION ARE WELCOME Created In:
Microsoft Win 8.1: 2013 All Right Reserve THANKS