Professional Documents
Culture Documents
Business Ethics
Business Ethics
Business Ethics
Date of
13/03/2021
submission
What is CSR?
Corporate social responsibility (CSR) is a company’s commitment to manage the
social, environmental and economic effects of its operations responsibly and in line
with public expectations.
It is part of a company’s approach to corporate governance and often touches every
part of the business—operations, human resources, manufacturing, supply chain,
health and safety, and more.
CSR activities may include:
Company policies that insist on working with partners who follow ethical
business practices
Reinvesting profits in health and safety or environmental programs
Supporting charitable organizations in the communities where a company
operates
Promoting equal opportunities for men and women at the executive level
The benefits of CSR are many. Companies establish good reputations, attract
positive attention, save money through operational efficiency, minimize
environmental impacts, attract top talent and inspire innovation.
CSR Activities of INFOSYS:
Infosys has been an early adopter of CSR initiatives. The Company works primarily
through the Infosys Foundation, towards supporting projects in the areas of
protection of national heritage, restoration of historical sites, and promotion of art
and culture; destitute care and rehabilitation; environmental sustainability and
ecological balance; promoting education, and enhancing vocational skills;
promoting healthcare including preventive health care, and rural development.
Infosys Foundation primarily works with non-governmental organizations (NGO’s)
as the nodal agency for implementing projects. Highlights of the Foundation’s
interventions in the past include the introduction of Aarohan Social Innovation
Awards, restoration of water bodies in Karnataka, enabling the pursuit of access and
excellence in sports through the GoSports Foundation, and disaster relief efforts in
Tamil Nadu, Karnataka and Kerala.
“CSR can’t be merely a job, it’s a passion,” says Sudha Murthy, Chairperson,
Infosys Foundation, the CSR arm of IT services conglomerate Infosys. The company
spent nearly Rs.360 crore towards various CSR schemes in the year 2020.
COVID-19 relief work dominated the activities, with education and health-related
programmes following after. Among the main CSR initiatives in the financial year
2019-20 were a 100-bed quarantine setup in Bengaluru in partnership with Narayana
Health City, and another one which had 182 beds for COVID-19 patients for
Bowring and Lady Curzon Medical College & Research Institute.
Along with these, Infosys has been a part of many other CSR Activities out of which
we will be learning about two and they will be elaborated further.
1. CHITTADHAMA
Faced with the daunting task of building a whole Home with no funds, Dr.
Swaminath approached Ms. Sudha Murty, Chairperson of the Infosys Foundation.
Ms Murty, a true visionary, recognized the strength and value of the idea of
Chittadhama and magnanimously granted funds to construct the building for the
project. The project was started in earnest in 2009 and completed in July 2010. This
resulted in Chittadhama, the ‘Abode of Consciousness’, the rehabilitation and
residential center for homeless persons with mental illness. Chittadhama is built on
4.5 acres of land bought by the corpus created by the trustees. The 7500sq ft
building is built by Infosys Foundation at a cost of Rs.58 lakhs.
On August 20th 2010, Ms. Sudha Murty handed over the keys of the building to Dr.
Swaminath, Dr. Brunda Amruthraj and Dr. Ravi Shankar Rao – handing the keys to
each one in turn – symbolizing that the responsibility of the enormous task in hand
had to be shared.
Kindly watch the following YouTube Video for more information:
https://youtu.be/afl2f3OxMic