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Business Ethics & Philanthropy

implementing agencies

How to identify CSR implementation agencies

More structured CSR budgets have been put in place now, and many organisations are seeking the support of “external implementing agencies”. Companies in India appear spoilt for choice when it comes to choosing implementation partners for their mandated CSR activities. The ratio of NGOs to people currently outnumbers the ratio of policemen to citizens! However...

Saudi Arabia: The impact of CSR on businesses

To date, there is no unified worldwide definition for corporate social responsibility (CSR). But most definitions agree that CSR for businesses means the way they run their operations responsibly by safeguarding the well-being of workers and their families, ensuring economic prosperity, improving the life of the local community and protecting the environment. Most successful businesses...
drought

Use CSR funds for drought relief: MNS to corporates

The Maharashtra Navnirman Sena (MNS) has warned the Maharashtra government of resorting to violence if no concrete steps are taken till February 1 to tackle drought in the state. At a Press conference, Anil Shidore, the MNS spokesperson, said, “The government has a recalcitrant attitude towards the drought-affected areas. If concrete measures to tackle...
Atlantic Canada

CSR important for Atlantic Canadian businesses, employees and society

Corporate Social Responsibility (CSR) is a deciding factor in where consumers buy, and job candidates apply. Simply put, CSR is the way in which businesses take responsibility for their social and environmental impact. According to researchers in Atlantic Canada, companies that have CSR practices embedded in the core of their business are more profitable...
Social Justice

It’s time for CSR to invest in justice

We received good news recently that India had climbed 23 points to the 77th rank (out of 185 countries ranked) in the Ease of Doing Business index. The World Bank ranking, however, only looks at issues related to corporate experience with government regulations—such as ease or difficulty in starting a business, obtaining a construction permit, getting...

Aligning Corporate Strategy and Corporate Social Responsibility

The evolution of theoretical thought on CSR can be viewed through three stages: philanthropy, evolution from philanthropy to value creation and shared value. The latest view of creating shared value can be regarded as the integration of CSR into corporate strategy. By conceptualizing CSR as a source of competitive advantage, Michael E. Porter and...

7 Fashion Brands that take CSR Seriously

The fashion industry is the second largest polluter of the environment. At a time when the condition of natural resources is critical, the industry players need to take up their responsibility and instil sustainability in their business practices and CSR campaigns. Fashion brands that take CSR seriously by doing their bit to protect the environment. 1....

Companies in India motivating working mothers

A handful of companies in India are doing their bit in retaining and motivating the female workforce during an important phase in the life of a woman: motherhood. It may be the Vahini program, Employee Assistance Programme, Parents at work Programme of Accenture or Stock Parking, Daycare Support Program at Flipkart, Mums at Work...
fashion brands

CSR: Fashion Industry And Environment

The fashion industry is the second largest polluter of the environment in the world. With reducing price of clothes, fashion shopping has become quite frequent and is often categorised as an addiction. It is not rare for some shopper to name their latest fashion purchase as an impulse buy. While it is easy to get caught...
bangladesh accord

Safety Accord for Fashion Workers

Bangladesh is the world’s second-largest garment producer after China. The country’s $30 billion industry employs an estimated four million people, of which 80 per cent of them are women. These workers are among the worst-paid in the world, according to a compensation report released by the Fair Labour Association (FLA). The minimum wage was hiked...
Children in Pakistan

Pakistan: OICCI members invested over 20 billion rupees in 2018

Foreign investors who are members of the Overseas Investors Chamber of Commerce and Industry (OICCI) have invested in excess of Rs20 billion during the past 12 months in the socio economic development activities in Pakistan. Giving details, OICCI President Irfan Wahab Khan informed that “the OICCI CSR Report 2018 has been issued highlighting extensive financial...

Report: Several companies barely allocated funds towards CSR activities

Since 2014, as many as 18,398 companies did not spend a single penny on allocating mandatory Corporate Social Responsibility (CSR) funds while as many as 13,987 companies spent less than the prescribed CSR amount during the same period. However, the Registrar of Companies (RoC), working under the Ministry of Corporate Affairs (MCA), has...

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