CSR DEFINITION "A concept whereby companies decide voluntarily to contribute to

a better society and a cleaner environment“Group’s view: It is the positive attitude of the corporate towards the society in

which it functions by rendering services and facilities It minimises the negative environmental and social impacts of

business and maximises their positive environmental and social impacts

Company profile Godrej was established in 1897 Ardeshir Godrej was the founder of Godrej The vision statement includes striving for

excellence by nourishing, developing and empowering our employees and suppliers

The mission statements are Accelerate the growth of the Indian household

insecticides market Strengthen our leadership position in India and Rapidly globalize our business

BNHS green governance award:2005 for the category conservation and reservation of habitat

CSR rating: 3/5

CSR activities of Godrej Provides quality care and education (Udayachal Schools) strives to strike the right balance (Godrej

Memorial Hospital) Long term employment for the visually Disabled The Green Business Centre, Hyderabad Managing affluence and waste water Conserves for a brighter tomorrow Environment protection and corporate

responsibility

CURRENT BUSINESS SCENARIO IN INDIA

Joining of MNCs in indian market Indian business has got foreign technology and

finance Market growth has slowed down world wide and

more so in india Stock market has been giving shocks with

fluctuations and scams Terrorists have further down swept the market Job market has slowed down It industry has had a setback Lot of firms are busy in downsizing their

operations

IS CSR RELEVANT

INCREASING AFFLUENCE

CHANGING SOCIAL EXPECTATIONS

GLOBALISATION AND FREE FLOW OF

INFORMATION

ECOLOGICAL SUSTAINABILITY

CSR IN THE TIME OF RECESSION

WHY COMPANIES SHOULD ENTER CSR ACTIVITIES

Change in public expectations Business is a part of Society Avoiding intervention by government Balance of responsibility and power Impact of Internal activities of the

organization on the external environment

CONT…. New avenues to create profits Favorable public image Endeavor to find New Solutions Best use of Resources of a Business Prevention is Better than Cure Protecting shareholder interests

Arguments against social responsibility of business

Opposes the principle of profit

maximization

Excessive costs

Weakened international balance of

payments

Increase in firm’s power and influence

Lack of consensus on social

involvement

Conclusion Social Responsibility

Interaction with external

environment

Doing good is good business

No business is worthwhile unless it

serves the need of its country and

its people

Thank you