In today’s modern era of doing business with the fulfillment of social
and charity work is very important. Because it will promote the organization
with the society and ultimately the whole nation and mankind. Corporate Social Responsibility,
in short CSR, is the way to show the company’s commitment to managing the
social effects of the operations responsibly, with the alignment of public
expectations.
Know about CSR:
CSR is a concept of management. It involves the companies with the
integration of social and environmental concerns covering their business
operations as well as interactions with their stakeholders.
Actually it is a way through which an organization or establishment is
trying to achieve the balance among the economic, environmental and social
responsibilities. But, at the same time, that company is fully satisfying the
issues and ground expectations of its stakeholders. Therefore there is a very
clear distinction between CSR and charity work.
Key CSR issues:
•
Environmental
management,
•
Eco-efficiency,
•
Responsible
sourcing,
•
Stakeholder
engagement,
•
Labour working
conditions,
•
Employee and
community relations,
•
Social equity,
•
Gender balance,
•
Human rights,
•
Good governance,
•
Anti-corruption
measures.
Benefits of CSR:
It is a proven fact that effective implementation of the CSR concept
will bring a variety of competitive advantages. These are:
•
Direct access to
the market capital,
•
Growing sales with
profit,
•
Saving the
Operational cost,
•
Improved
productivity and quality,
•
Best utilization of
human resource
•
Improved branding,
•
Better customer
loyalty.
Implementation of CSR:
Actually, no can find a set of standard procedure or a set of rules to
implement the CSR. So, its implementation will depend on the commitment
reflected by the management and stakeholders. Also, the company needs to
integrate CSR into all segments of the company to make it ideally the part of
its corporate culture. We may incorporate a few guidelines for its
implementation as follows:
• It must have
compliance with laws and social partnerships with the contractual agreements.
• Society's
expectations must be thoroughly considered.
• It must follow the
guidelines of government as well as corporate associations NGO.
• It must have some
standard set of code of conduct, as predicted by many organizations like:-
1.
United Nation
Global Compact,
2.
United Nations
Guiding Principles for Business and Human Rights,
3.
ISO 26000 on social
responsibility
4.
Global Reporting
Initiative (GRI)
In a broader way, we can say that its implementation should cover
various corporate activities like value-added chains, etc. It also must take
into account the stakeholders' requirements. Also, it is found that
transparency and willingness in the dialogue are the core of CSR, and hence
contributing to the successful implementation of CSR.
In today’s modern era of doing business with the fulfillment of social
and charity work is very important. Because it will promote the organization
with the society and ultimately the whole nation and mankind. Corporate Social Responsibility,
in short CSR, is the way to show the company’s commitment to managing the
social effects of the operations responsibly, with the alignment of public
expectations.
Know about CSR:
CSR is a concept of management. It involves the companies with the
integration of social and environmental concerns covering their business
operations as well as interactions with their stakeholders.
Actually it is a way through which an organization or establishment is
trying to achieve the balance among the economic, environmental and social
responsibilities. But, at the same time, that company is fully satisfying the
issues and ground expectations of its stakeholders. Therefore there is a very
clear distinction between CSR and charity work.
Key CSR issues:
•
Environmental
management,
•
Eco-efficiency,
•
Responsible
sourcing,
•
Stakeholder
engagement,
•
Labour working
conditions,
•
Employee and
community relations,
•
Social equity,
•
Gender balance,
•
Human rights,
•
Good governance,
•
Anti-corruption
measures.
Benefits of CSR:
It is a proven fact that effective implementation of the CSR concept
will bring a variety of competitive advantages. These are:
•
Direct access to
the market capital,
•
Growing sales with
profit,
•
Saving the
Operational cost,
•
Improved
productivity and quality,
•
Best utilization of
human resource
•
Improved branding,
•
Better customer
loyalty.
Implementation of CSR:
Actually, no can find a set of standard procedure or a set of rules to
implement the CSR. So, its implementation will depend on the commitment
reflected by the management and stakeholders. Also, the company needs to
integrate CSR into all segments of the company to make it ideally the part of
its corporate culture. We may incorporate a few guidelines for its
implementation as follows:
• It must have
compliance with laws and social partnerships with the contractual agreements.
• Society's
expectations must be thoroughly considered.
• It must follow the
guidelines of government as well as corporate associations NGO.
• It must have some
standard set of code of conduct, as predicted by many organizations like:-
1.
United Nation
Global Compact,
2.
United Nations
Guiding Principles for Business and Human Rights,
3.
ISO 26000 on social
responsibility
4.
Global Reporting
Initiative (GRI)
In a broader way, we can say that its implementation should cover
various corporate activities like value-added chains, etc. It also must take
into account the stakeholders' requirements. Also, it is found that
transparency and willingness in the dialogue are the core of CSR, and hence
contributing to the successful implementation of CSR.
Ek-Sankalp:
Nowadays there are many organizations which are working towards CSR
partnership. One such emerging organization is the Ek-Sankalp. It is not only
an NGO but also a full-fledged institution in itself. They are having the sole
vision of the real implementation of the right towards
Education.
They are working with a mission through which they are bringing every
marginalized and left out kid within the domain of school education. They are
trying hard with their true motive with social responsibility. Ek-Sankalp is
working in all possible dimensions for the betterment of the kids such as the
provision of the proper platform, facilities of motivational/art/yoga sessions
with the educational trips.
Nowadays there are many organizations which are working towards CSR partnership. One such emerging organization is the Ek-Sankalp. It is not only
an NGO but also a full-fledged institution in itself. They are having the sole
vision of the real implementation of the right towards
Education.
They are working with a mission through which they are bringing every
marginalized and left out kid within the domain of school education. They are
trying hard with their true motive with social responsibility. Ek-Sankalp is
working in all possible dimensions for the betterment of the kids such as the
provision of the proper platform, facilities of motivational/art/yoga sessions
with the educational trips.
