This website uses cookies to ensure you have the best experience. Learn more

Csr In India Essay

4702 words - 19 pages

. |

CHAPTER I
1.1 INTRODUCTION

Our today is marked by a scenario where companies, the most ingenious invention of human mind, are equivalent in wealth to countries. These companies, apart from calling the shots own and control much of earth’s resources. This new understanding also brings to light the ever pervasive nature of corporations today, and their aggregated impact on global economies and global environment. This also proves beyond reasonable doubt that social and environment stability and sustainability are two primary requisites for overcoming the looming environmental crisis, which threatens the very existence of humanity on earth. For environmental spoilage extends beyond ...view middle of the document...

Nike plans to be carbon neutral by 2011. The U.S. Climate Action Partnership-which includes Alcoa, BP and GE - even lobbies for government regulation of greenhouse gas emissions.
CHAPTER II

2.1 CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENT ETHICS

“Organizations have to take “social responsibility.”There is no one else around in the society of organizations to take care of society itself. Yet they must do so responsibly, within the limits of their competence, and without endangering their performance capacity.”
Peter Drucker

Corporates are traditionally known as engines for driving the economic performance of an entity, its success being measured in terms of high returns on equity at individual plane and its contribution to the nation’s economic growth on a collective plane. Do they have any social or environmental responsibility? This paper begins with an attempt to define the concept of Corporate Social Responsibility (CSR) with relation to the newer concept of environmental ethics and extending to the boundaries of corporates involving themselves in the international carbon trading market. The paper would give reasons as to how exactly Carbon trading is an excellent answer to the prevailing disrespect shown by the Corporates against the Environment. The sustenance of these expanding environmental operations doesn’t hold a future promise without adherence to the OECD principles, UN millennium development goals and the concept of CSR, which repeatedly are laying stress on realisation of the losses caused to the environment and the responsibility of corporates towards these losses. The generally accepted principle is that if a company has caused some damage to the environment, be it in the form of air or water pollution, it owes a debt to the society to make up for it. The issue is as to whether the march towards becoming environment conscious and socially responsible is how to chalk out a peaceful way of harmonizing the corporate world with ecology and environment.
The World Business Council for sustainable development states, “Corporates’ social responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.” Thus, Corporate Social Responsibility (CSR) or ‘sustainability’ is not just obeying the law. It is not philanthropy. It is much beyond that. It implies serious business where organisations have to be seen as partners in their communities and not just as profit centres, promoting the interest of their shareholders but as businesses having obligation towards various stakeholders.
CSR and corporate sustainability represent the way companies achieve enhanced ethical standards and a balance of economic, environmental and social...

Other Papers Like Csr in India

Corporate Social Responsibility Essay

938 words - 4 pages profits as there can be no social responsibility without profits. Though this concept has gained importance worldwide in the recent years, it is not new to our country which has seen corporate like Aditya Group, Tata Group and the Indian Oil Corporation which have been contributing to the society right from their inception. Today CSR is more than philanthropy; it has achieved the status of a corporate strategy. Organizations have dedicated teams

Corporate Social Responsibility Essay

2424 words - 10 pages -situation for organizations and the environment? Or is the assumption correct, that this obvious contrast could only satisfy one party? If so, wouldn’t be the use of CSR be more a marketing instrument than a way of improving the world? 2. Explaining CSR Corporate Social Responsibility is basically one aspect of the appropriate and needed role companies play in todays` society. The European Commission for Corporate Social Responsibility

Report On Corporate Social Responsibility

2190 words - 9 pages will be less consumers for the company's products and services, in turn leading to less profit. CSR SHOULD CONCENTRATE ON INEQUALITIES IIT& IIM graduates earn nearly a crore annually whereas in rural india students of standard 5 are not able to read or write properly. Ø Indian supreme court is appreciated world wide but the local courts are back logged and ineffective and local police is often a miasma of corruption and brutality. Ø Delhi s

Jain Iririgation Systems Csr

3008 words - 13 pages , Jain Irrigation Systems Limited Corporate Social Responsibility Report and Analysis Corporate Social Responsibility Division C, MBA Core, Trimester-I ChaitanyaBh K K (C009) Rahul Gupta (C018) SameeraMunipalli (C030) PratheekMuriki (C032) Sunil Ramavarapu (C041) RabindraVerma (C060) Table of Contents Agriculture Sector 2 Agriculture Sector in India 2 Jain Irrigation Systems 3 CSR Activities of JISL 4 Work Place

Diagnostic Paper

755 words - 4 pages Large Tax Payers And Providing Incentives Therefor,” Senate Bill 1239, still finds no space of getting across the Higher House. The different fate these two bills have had parallels to their dissimilar directives. In the House Bill 4575, CSR is highly encouraged among all business enterprise, big and small alike. In the said bill, recognitions will be awarded to businesses that have outstandingly advanced CSR initiatives. Assuming a heavier

Csr - Corportate Social Responsibilty

989 words - 4 pages companies, which make CSR even more important. Carroll’s four-part model of corporate social responsibility is the modern way defining CSR as discussed in 10th week of BUGEN class. Also known as the pyramid of corporate social responsibility, it has four types of responsibilities, namely 1. Economic Responsibility – to be profitable. 2. Legal Responsibility – To obey laws. 3. Ethical Responsibility – To do what is right. 4

Corporate Social Responsiblity

1527 words - 7 pages THE LAST WORD PRASAD KAIPA NAVI RADJOU | CEO ADVISOR AND COACH | FELLOW | JUDGE BUSINESS SCHOOL, UNIVERSITY OF CAMBRIDGE “Companies mustshut down theirCSR departments” They should instead focus on re-engineering value chains to bring sustainability in their business models, Kaipa and Radjou tell Rohit Nautiyal DALIP KUMAR away with the CSR department by rolling sustainability in the firm’s business model. New KPIs (key

Csr - Samsung

4603 words - 19 pages improve, Samsung would need to expand their CSR engagement in order to make a ‘game changing’ move that other corporations had not yet considered. An example of a corporation that has achieved that stage is Unilever who in 1999 developed Annapurna iodized salt that addressed dietary inefficiencies in Africa and India (Unilever, 2013). Annapurna was priced so it affordable even to the poorest families. In the development of the product, Unilever

Strategic Marketing

3826 words - 16 pages today that the Coca-Cola system is donating more than US$2.5 million in cash and in-kind contributions to support disaster relief and recovery efforts in the Philippines following the devastation from Typhoon Haiyan (Yolanda). The effect of corporate social responsibility: There are still a lot of question marks around costs incurred by a CSR strategy, and that’s mainly because traditionally we look at it as “support a charity/organization

History of Sugar Industry in Fiji

1223 words - 5 pages India, but the majority chose to stay in Fiji. Today, most of this country's cane growers are descendants of those early indentured laborers. Fiji's first sugarcane was grown on the plantation system. Many small mills - 34 at the industry's early peak -were erected on the larger islands in high rainfall areas. These small mills were unprofitable because sugar content of cane was low and manpower for the plantations was scarce. Only the four CSR

Corporate Social Responsibility

1548 words - 7 pages Importance of Corporate Social Responsibility and Ethics in an Organisation. Ethic: Ethic is said to be the main basis of good business behaviour. It applies to either the operational area of the organisation or the boardroom. On the other hand, ethics is doing what is right    Corporate Social Responsibility. (CSR). There has been no definite definition of CSR, so, the theory, development and measurement has been difficult. CSR is

Related Essays

A Study Of Corporate Social Responsibility In Indian Organization: An Introspection

3965 words - 16 pages A Study of Corporate Social Responsibility in Indian Organization: An-Introspection Hoshang Bhesania India is a developing economy, here Corporate Social Responsibility (CSR) play important role in organizations. In Indian industry one can easily notice a paradigm shift from corporate philanthropist to being socially responsible. The importance of CSR is increasing in Indian corporate scenario because organization have realize that

Csr In Icici Bank Essay

1785 words - 8 pages , protection of intellectual property, encouraging investment etc to make the Firm Strategy, Structure, and Rivalry favorable for the firm. Finally, CSR could also improve the situation of Related and Supporting Industries concerns by building the capacity of supporting industries. Some guidelines as plan of action are proposed by the Reserve Bank of India in this aspect act. The financial institutions have to see the environmental and

Csr Issues And Challenges Essay

2181 words - 9 pages planning for such initiatives, thereby reducing the efficacy and efficiency of CSR initiatives. However, over the last few years, the concept of CSR has been changing. There has been an apparent transition from giving as an obligation or charity to giving as a strategy or responsibility. Review of the case studies and work done on CSR by companies in India suggests that the CSR is slowly moving away from charity and dependence and starting to build on

Esops Project Report

1742 words - 7 pages which comes to around Rs.325 crore. The Bill seeks to consolidate and amend the law relating to the companies and intends to improve corporate governance as well as strengthen regulations for participation of corporates in social welfare. According to the corporate affairs ministry, India will be the first country to include provisions on CSR in its company law. CSR can be understood as a management concept and a process that integrates