CORPORATE SOCIAL RESPONSIBILITY

GROUP NO- 8
ROLL NO
36- Om Jogi
37- Harita Joshi
38- Janvi Kachariya
39- Riddhi Kadam
40- Nandini Kanji
“A shift from ‘profit maximization’
to ‘profit optimization’ and from
‘shareholders’ to ‘stakeholders’

What is CSR?

Perspective ?

Importance?

History and
Evolution of
Indian CSR
CSR V/S BUSINESS ETHICS
DIMENSIONS OF CSR
CORPORATE RESPONSIBILITY (CSR) TYPES
1.Philanthropic Responsibility:
 Philanthropic responsibility means serving humanity. This criterion pays
attention to the well-being of the unprivileged or needy people who badly
require our support to sustain themselves on this planet. Companies fulfill
their philanthropic responsibility by donating their time, money, or resources
to charities and organizations at national or international levels.
 CSR TYPES
2.Ethical Responsibility:
 Ethical responsibility is about looking after the
welfare of the employees by ensuring fair labor
practices for the employees and also the employees
of their suppliers. Ethical labour practices for
suppliers mean that the companies will ensure the
use of products that have been certified as meeting
fair trade standards.
3.Economic Responsibility:
 A corporation has to meet its economic
responsibilities in terms of reasonable return to
investors, fair compensation to employees, goods at
fair prices to customers, etc
 CSR TYPES
4.Environmental Responsibility:
• Companies are bound to fulfill their economic
responsibility because awareness of
environmental issues is growing largely among
the consumers and today they want businesses to
take necessary steps to save our planet and
preserve all the lives in it.
5. Legal Responsibility:
 The legal responsibility of business corporations
demands that businesses abide by the law of land
and play by the rule of the game. Laws are the
codification of do’s and don’ts do’s in the society.
 ELEMENTS OF CSR

CSR Strategy Community

Workplace
CSR Management system
Market
CSR Reporting
Environment
Stakeholder Engagement &
Communication
 ELEMENTS OF CSR
Growth Direct Communicat
Focus
Transparency

Measurement- people planet profit

Accountability

Consistency

Dedication to excellence
Teamwork Global reach
 CSR LAWS IN INDIA

Section 135 of the Companies Act,

2013

The Companies (Corporate Social

Responsibility Policy) Amendment
Rules, 2021 (“Rules”)
BENEFITS OF CSR

Brand recognition
Sales and customer loyalty
Ability to attract talent and
retain staff
Positive business reputation
Better financial performance
Easier access to capital
Organisational growth
Identify new business
opportunities
Reduce regulatory burden
 LIMITATIONS

Costs
Clashing of business objectives
Interests of the shareholders
Competitive Disadvantage
Additional bureaucracy along with rising costs for
observance
Limitations of Social Reporting and Social
Auditing
Lack of concrete clarity on the CSR concept
Firms manipulating society and stakeholders for
their own benefit
COMPANIES INCORPORATING CSR EFFECTIVELY
With the introduction of Section 135 in the
Companies Act 2013, India became the first
country to have statutorily mandated CSR for
specified companies.
The pandemic has affected company
profitability, which in turn has impacted
overall CSR giving .CSR expenditure on
education reduced from Rs5,718 crore in
FY19 to Rs5,244 in FY20. similarly csr
expenditure for rural development was
reduced from 2309cr in FY19 to 1885cr in
FY20 . And similarly there was also a
reduction in CSR expenditure on environment
sustainability.
 Top 10 Companies incorporating CSR effectively
Infosys
Mahindra & Mahindra Ltd
Tata Chemicals Ltd
ITC Ltd
Vedanta Ltd
Hindustan Unilever Ltd
Wipro Ltd
Godrej Consumer Products Ltd
Grasim Industries Ltd
Bharat Petroleum Corporation Ltd
 THANK YOU