INTRODUCTION

CORPORATE SOCIAL RESPONSIBILITY

& SUSTAINABILITY
 Corporate Social Responsibility & Sustainability

Section 3(1)(i) of the Companies Act, 1956

Corporate
“A company formed and registered under this Act or an
existing Company”

A organization or individual, has an obligation to act for the

Social
Responsibility benefit of society at large
Needed to achieve a balance between Economy and
Ecosystem

Sustainability Process or state can be maintained at a certain level for as long

as is wanted
 Corporate Social Responsibility & Sustainability
On the basis of size, number of members: Private, Public
Corporate On the basis of control: Holding companies, Subsidiary
Associate companies

Philanthropic Efforts
Social Environmental Conservation
Responsibility Company Diversity and Labour Practices
Supporting Volunteer Efforts

Three Pillars: Economic Environmental Social.

Sustainability
Informally referred to as Profits, Planet and People
 Corporate Social Responsibility - Definition

“The responsibility of enterprises

European Union
for their impacts on society”

“The continuing commitment by business to

contribute to economic development while
World Council improving the quality of life of the
for Sustainable
Development workforce and their families as well as of
the community and society at large.”
 Corporate Social Responsibility – Focus Areas

Companies need to maintain strong economic interests so they can stay

Economic Aspect in business. Being profitable and providing value to shareholders is part
of a company being socially responsible. E.g Failure of Banks

A company must follow the law and have a legal obligation to do so E.g
Legal Aspect Emission Norms

Acting ethically means going above and beyond the legal requirements
Ethical Aspect and meeting the expectations of society E.g. Whislteblower at Infosys

Expectation that companies should give back to society in the form of

Philanthropic Aspect charitable donations of time, money, and goods E.g Azim Premji (The
Giving Pledge Campaign)
Individual Social Responsibility – Focus Areas
 CSR & ISR – A continuous journey

“CSR policies need to be considered as a core

and inseparable component of the overall
service or product offering.”