How to go about on CSR activities

Corporate Social Responsibility is a very old concept and it has undergone changes after the Indian Companies Act 2013. The main function of CSR by a company is to address the social need and contribute to it. There are several NGO for CSR in Noida who address several issues and channelize their funds. They can decide on any cause that is a core area of work or something very different from their focus area. The ways of addressing these social responsibilities have changed over the years. Nowadays, the companies not only allocate funds but also involve their employees and also institutional philanthropy to contribute to the social cause. It is also true that of late, the companies are planning for long term value for the organization and society.

The most basic rule according to the 2013 Companies Act is to allot 2% of their annual revenue for the welfare activities done through CSR. It is essential that they have to integrate their social welfare through CSR activities into their overall business strategy. The four key factors that are responsible for this activity are the Stakeholders, the social cause, the business, and the compliance. Let’s see about their involvement in CSR activities done through NGO for CSR in Noida here.

Ø  First of all, compliance with the social laws, environmental laws are essential and this is also laid down in the Companies Act 2013. Compliance in all forms should be done. Then only your goal will be achievable.

Ø The major objective of the company earning revenues above the specified limit is to make them address the social cause and contribute to society and bring the necessary change.

Ø They have to align any of the social causes and work in compliance with the national and international organisations who work towards it.

Ø Before choosing any cause the company must analyse the implementation partners, impact measure systems, and standardize reporting patterns. The main point is to concentrate on the philanthropic approach rather than on a profit-based approach.

Ø The three main stakeholders who need to be considered are the employees, local community and customers. The employees are made to involve in ongoing social activities.

Ø  Secondly, they focus on the areas that surround the companies and work for their upliftment. Thirdly, it generates business and goodwill for the organization as they make their customers also to contribute to social issues.

Ø  Companies focus on the value generated through the CSR and create value through four channels namely product innovation, skill enhancement, value chain enhancement, and market value.

Thus, the companies use these above-said channels to create products that are essential for social life. NGO for CSR in Noida also provides the local communities with sanitation, healthcare, clean drinking water, education, and financial literacy. 

Why Corporate Social Responsibility Partnerships important for success of CSR programs?

With a corporate understanding of their responsibilities towards society, they come up with various welfare programs to uplift and contribute to society. Handling such complex task alone is a tough task. For them, corporate social responsibility partnerships are a key to make such programs successful and serve society largely. Such programs have helped companies to overcome the stigma of being a distraction. Such responsibilities of such companies definitely strengthen the business. When having a good partner, brands easily build social, human and wealth. A right partnership ensures that values have created that benefit both business and society.

Companies now understand their importance of CSR and find it a tool to strengthen their brand image. An effective partnership helps to easily execute ideas and policies that truly create value for both society and business. Experts have various formulas and answers on what to do and follow a stepwise approach that benefits most. For companies who are struggling with their identity should get a good partner to execute the programs. There are agencies working with the corporate to get the best from the CSR activities. They create new opportunities and execute programs within time, as per the nature of benefits and split the benefit.  

Companies now understand that involving agencies to partner for the executing CSR programs is the best idea to meet the commitment for the society. Corporate social responsibility partnerships lead to long-term handling of the programs. These experts easily engage their workforce to handle the social responsibilities of different corporate partners. These experts have a clear understanding of how to manage, access and introduce potential to the programs. Just ensure that the partner you pick is capable to provide a potential opportunity in the society. Thus, look for the right partner to handle your different responsibilities that are necessary to boost your popularity.