Professional Documents
Culture Documents
Corporate Social Responsibility Impact On Environment
Corporate Social Responsibility Impact On Environment
Group 12 Section D Arushi Joshi | 209 Gauri Chodankar | 215 Kirtana Gopikrishnan | 221 Mradul Sharma | 235 Satya Prakash | 247
Agenda
CSR: AN OVERVIEW CSR IN INDIA CSR: AN ASSESSMENT
video
CSR: An Overview
What is CSR ?
Nobody is clear about what it encompasses
1920s1970s 1980s 1990s 21st century
The a process that pursuethe need of obligation It is concept of to meets those to To integrate social,broadened The CSR environmental policies,identified those decisions, or to make stakeholders who various encompass CSP, stakeholder-theory, and follow those lines of into which to ethical concerns operations are relevant to theory, and corporate a firms action business ethics terms process. companys the shareholders are desirable in apart from business of the citizenship and values of our society objectives
KEY DRIVERS
Enlightened self-interest Social investment Increased public expectations of business
Schools of Thought
Social capital
Equity vs. sustainability vs. productivity
CSR in India
Case studies
ITC ONGC PEPSICO
ITC
ITC
Focus
Sustainability Productivity
Positive Impact
Local Community
Environment
Positive Impacts
Environment
Reduction of 34 million tonnes of CO2 CDM project Value ~ Rs.115 lacs per annum. Hybrids as per soil type
Plantations put natural forests under risk in case of poorly defined property rights
Equity: Widening the gap between the rich and the poor
ONGC
Project Saraswati
Joint Initiative
ONGC in collaboration with government agency Water and Power Consultancy Services
Inspiration
Influenced by Libyan project called Great Manmade River by an oil company to turn desert into green habitat
Mission
Aims to solve the fresh water crisis in arid regions of country
Plan
Exploration of deep aquifers assumed to be left by mythical river Saraswati
Result
Saraswati I near Jaisalmer town was drilled upto 500 meters and water reservoir located
Saraswati-I (Jaisalmer)
Positive Impact
Prosperous local community
Environment protection
Sustainable development
PEPSICO
PepsiCo in News
Exploitation of water resources
2006
Positive Impact
Reduction of waste falling under landfill Waste to wealth
PET (Poly Terephthalate) Bottle Recycling Multilayer Film Lamination Wrappers Recycling
Corporate-NGO-Government relationship
CSR: An Assessment
CSR in Policy
The Companies Bill 2011 proposes that
Every Company having
(a) A net worth of Rs.500 crore or more, or turnover of Rs.1000 crore or more (b) a net profit of Rs.5 crore or more during a year
mandatorily has to ensure that every year at least 2% of its average net profits during the three immediately preceding financial years shall be spent on CSR activities
CRITIQUE
Greenwashing: environmentally conscientious acts with a greater, underlying purpose of profit increase The concept is impossibly vague CSR is not socially responsible its an operating tax
CSR takes support of nonprofits out of the realm of good business and into the anti-business
Companies have a fiduciary responsibility to stockholders
Emphasize environmental sustainability in CSR activity at the policy level Promote equity in development of various regions instead of clustered approach of development Collaboration among the various stakeholders involved in CSR
REVIVING A RIVER
BIOFUELS: QUEST FOR A SUSTAINA BLE MODEL SOCIAL CAPITAL AND COLLECTI VE ACTION MUMBAI FLOODS
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