Corporate Social Responsibility Of India Essay - 1669 Words

CORPORATE SOCIAL RESPONSIBILITY IN INDIA â€Å"Crossing the Bridge from Knowing to doing† Jasleen Kaur Luthra* â€Å"Successful people have a social responsibility to make the world a better place and not just take from it.† Carie Underwood Abstract The 21st century is characterized by unprecedented challenges and opportunities, arising from globalization, the desire for inclusive development and the imperatives of climate change. Indian business, which is today viewed globally as a responsible component of the ascendancy of India, is poised now to take on the leadership role in the challenges of our times. It is recognized, world over that integrating social, environmental and ethical responsibilities into the governance of businesses ensures long tern success, competitiveness and sustainability. This approach also reaffirms the view that businesses are an integral part of society, and have a critical and active role to play in the sustenance and improvement of healthy ecosystems, in fostering social inclusiveness and equity, and in upholding the essentials of ethical practices and good governance. This also improves business sense as companies with effective CSR, have image of socially responsible companies and their products and services are preferred by the customers. 1. Introduction: One of humankind’s greatest challenges in this countryShow MoreRelatedCorporate Social Responsibility Of India Essay1888 Words   |  8 PagesCorporate Social Responsibility in India - An Effort to Bridge the Welfare Gap Dr.Mahendra Singh Associate Professor and Head department of sociology Madhav University, Pindwara, Sirohi Email Id- mahendrasinghparmar123@gmail.com Abstract Drawing on existing hypothetical and exact writing on the basis behind Corporate Social Obligation (CSR), this paper examinations the potential ramifications of commanded CSR under the as of late sanctioned Companies Act, 2013 in India on firm motivationsRead MoreSocial Accounting Practices in India as a Corporate Social Responsibility†2281 Words   |  10 Pagesâ€Å"Social Accounting Practices in India as a Corporate Social Responsibility† soniuttranchal@gmail.com Concept: The concept of Social Accounting originated in different forms by Adam Smith in 1776, Later on, Karl Marks and Engel also expressed their views about social costs in 1844. Pigou in 1920 also elaborated the divergence of Social and Private Costs. The concept of social accounting was clearly introduced in the 1970’s and later this concept received serious consideration fromRead MoreCoca Cola Social Responsibility And Sustainability1742 Words   |  7 PagesCoca-Cola Corporate Social Responsibility and sustainability Berlandie Benoit Professor Altamirano Monroe College: King Graduate School Abstract Large companies like Coca-Cola, have always engaged in corporate social responsibilities. The objective of this paper is to determine whether or not Coca-Cola fulfilled their social responsibilities in India. Coca-Cola had launched their sustainability framework as well as adopting the international Corporate Social Responsibility the Ruggie’s frameworkRead MoreCorporate Social Responsibility : A Comparative Study Of Sbi And Icici Essay1611 Words   |  7 PagesCorporate Social Responsibility: A Comparative Study of SBI and ICICI in India Ms. AnkitaPatel1 1Research scholar, Business Studies Dept., Sardar Patel University AdhyapakSahayak, Anand Law College, Anand-388001, Gujarat, India. Email – 2007ankitapatel@gmail.com Abstract: At present Banking sector plays a significant role in the development of the nation, not only as a pillar of the financial system of the nation but also by contributing toward the society. Corporate Social Responsibility (CSR)Read MoreThe Second Phase Indian Csr ( 1914-1960 )1363 Words   |  6 Pageswhich was consolidation and amplification of social development. During the whole period of struggle for freedom, Indian businesses proactively engaged in the process of reformation. Not only did firms see the country’s economic development as a protest against colonial rule, they also participated in its institutional and social development (India Partnership Forum 2002, 11). The vision of a free and modern India stimulated the involvement of corporate sector. Gandhi introduced the notion of trusteeshipRead MoreSocial Responsibility And Its Impact On Society1579 Words   |  7 Pagesconsidered to be the social responsibility for each and every human being on this planet, therefore sustainability, accountability and transparency of resources became the basic ingredients for social responsibility. Only in 1953, Bowen raised a question â€Å"What responsibility to the Society can business people be reasonably expected to assure† that evaluated the term Corporate Social Responsibility abbreviated as CSR. The CSR in 1966 was then defined as:â€Å"Social responsibility, therefore, refers toRead MoreHow Businesses Can Incorporate Csr Into Their Business Model1619 Words   |  7 Pagesways businesses can incorporate CSR into their business model. Introduction: Many large corporations are taking corporate social responsibility into account and making it a part of their everyday schedule. Over the past decades, there have been increasing concerns for general society that many businesses have little concern for the consumer and they care nothing about the deteriorating social order. But these days’ companies are encouraging employees to volunteer and make a difference in surroundingRead MoreThe Code Of Corporate Social Obligation Essay1557 Words   |  7 PagesIntroduction Corporate social obligation is an administration idea whereby organizations incorporate social and natural concerns in their business operations and collaborations with their stakeholders. CSR is by and large seen as being the path through which an organization attains to a parity of financial, natural and social goals while in the meantime tending to the desires of shareholders and stakeholders. The Indian Companies Act, 2013, which fuses CSR The Ministry of Corporate Affairs has advisedRead MoreCorporate Social Responsibility And Corporate Sustainability Essay1658 Words   |  7 PagesCorporate Social Responsibility Vs Corporate Sustainability in India: A case study on Aditya Birla Group Supriya Agarwal Abstract: Corporate Social Responsibility (CSR) is now a burning topic in India, which became prominent and most amplified in 2013 when companies were obligated to spend two percent of profit after tax in CSR activities set by the Ministry of Corporate Affairs, Government of India. Although, the concept of CSR is not new in India and has evolved and developed very well from hundredsRead MoreComprehensive Health Data Breach Response Plan906 Words   |  4 PagesName Course Title Date Definition Corporate social responsibility (CSR) is the ethical behaviour of a company towards society it operates in. It is a commitment to the concern to the society’s sustainability development. â€Å"Corporate social responsibility (CSR) is concerned with the ways in which an organisation exceeds its minimum obligations to stakeholders specified through regulation.† (Johnson et al 2010) CRS in the eyes of some corporates may vary but the underlying principle remains