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    Corporate Social Responsibility

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    Nitika Jain
    Corporate social responsibility (CSR) refers to voluntary actions that companies take to operate in an economically, socially, and environmentally sustainable manner. CSR involves companies managing their impact on society through responsible practices in areas such as environmental protection, community involvement, human rights, and ethical sourcing. Engaging in CSR can improve a company's financial performance, enhance its reputation and brand image, increase customer loyalty, and boost competitive advantage by opening up the company's activities to greater transparency.

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    Corporate Social Responsibility

    Uploaded by

    Nitika Jain
    22 views7 pages
    Corporate social responsibility (CSR) refers to voluntary actions that companies take to operate in an economically, socially, and environmentally sustainable manner. CSR involves companies managing their impact on society through responsible practices in areas such as environmental protection, community involvement, human rights, and ethical sourcing. Engaging in CSR can improve a company's financial performance, enhance its reputation and brand image, increase customer loyalty, and boost competitive advantage by opening up the company's activities to greater transparency.

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    Corporate social responsibility (CSR) refers to voluntary actions that companies take to operate in an economically, socially, and environmentally sustainable manner. CSR involves companies managing their impact on society through responsible practices in areas such as environmental protection, community involvement, human rights, and ethical sourcing. Engaging in CSR can improve a company's financial performance, enhance its reputation and brand image, increase customer loyalty, and boost competitive advantage by opening up the company's activities to greater transparency.

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    22 views7 pages

    Corporate Social Responsibility

    Uploaded by

    Nitika Jain
    Corporate social responsibility (CSR) refers to voluntary actions that companies take to operate in an economically, socially, and environmentally sustainable manner. CSR involves companies managing their impact on society through responsible practices in areas such as environmental protection, community involvement, human rights, and ethical sourcing. Engaging in CSR can improve a company's financial performance, enhance its reputation and brand image, increase customer loyalty, and boost competitive advantage by opening up the company's activities to greater transparency.

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    CORPORATE SOCIAL RESPONSIBILITY

    PRESENTED BY: NITIKA JAIN(07612303911) MOHIT YADAV(09512303911)

    INTRODUCTION TO CSR

    Corporate Social Responsibility (CSR) is also known as corporate citizenship, responsible business, sustainable business and corporate social performance which is in the form of corporate self regulation integrated into a business model.

    DEFINITION OF CSR

    CSR acts as a voluntary action that business can take over and above compliance with minimum legal requirement to address both its own competitive interest and of the wider society. CSR means company conducts their business in a way which is ethical, means taking account of their impact:

    Socially: Close to Nokias factory at Gwalior, the company is working on a project targeting women's empowerment and female infanticide. The ' Gurikha Project' The projects key focus is on various aspects of women's inequality, female infanticide and rights of the girl child.

    DEFINITION OF CSR (Contd.)


    Environmentally:The packaging of all the Nokia phones are made from recycled paper. Clear instructions are also provided for correct disposal of used batteries with every handset. Ecologically in terms of human rights: Sony signed an agreement with the World Wide Fund for Nature (WWF) global environmental NGO, to join its "Climate Savers Programme". Under the program, Sony has agreed to partner with the WWF to reduce greenhouse gas emissions at Sony's sites around the world, reduce CO2 emissions from product use.

    WHY CSR?

    It improves financial performance. Enhances brand image and reputation. Increases customer loyalty and brand differentiation. Open view of companys activities Helps in risk management Increases competitive advantage, profit.

    SCOPE OF CSR

    Environment Community Suppliers Health and safety Work force Human rights Standards of business conduct

    ACTIVITIES UNDER CSR

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