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    55 - Pratik Thakkar 56 - Sakar Thakur 57 - Ganesh Tripathi

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    AnjaliThakkar
    This document defines corporate social responsibility (CSR) and outlines CSR norms and requirements in India. It explains that CSR involves companies working for social causes and contributing part of their profits to community development. In India, companies meeting certain net worth, turnover, or profit thresholds must develop a CSR policy, spend a minimum on CSR activities, and report on these activities. Reasons for companies to engage in CSR include building trust, becoming customers' preferred choice, enhancing brand value and reputation, and ensuring long term sustainability.

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    55 - Pratik Thakkar 56 - Sakar Thakur 57 - Ganesh Tripathi

    Uploaded by

    AnjaliThakkar
    27 views7 pages
    This document defines corporate social responsibility (CSR) and outlines CSR norms and requirements in India. It explains that CSR involves companies working for social causes and contributing part of their profits to community development. In India, companies meeting certain net worth, turnover, or profit thresholds must develop a CSR policy, spend a minimum on CSR activities, and report on these activities. Reasons for companies to engage in CSR include building trust, becoming customers' preferred choice, enhancing brand value and reputation, and ensuring long term sustainability.

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    corporate social responsibility

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    Csr

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    This document defines corporate social responsibility (CSR) and outlines CSR norms and requirements in India. It explains that CSR involves companies working for social causes and contributing part of their profits to community development. In India, companies meeting certain net worth, turnover, or profit thresholds must develop a CSR policy, spend a minimum on CSR activities, and report on these activities. Reasons for companies to engage in CSR include building trust, becoming customers' preferred choice, enhancing brand value and reputation, and ensuring long term sustainability.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    27 views7 pages

    55 - Pratik Thakkar 56 - Sakar Thakur 57 - Ganesh Tripathi

    Uploaded by

    AnjaliThakkar
    This document defines corporate social responsibility (CSR) and outlines CSR norms and requirements in India. It explains that CSR involves companies working for social causes and contributing part of their profits to community development. In India, companies meeting certain net worth, turnover, or profit thresholds must develop a CSR policy, spend a minimum on CSR activities, and report on these activities. Reasons for companies to engage in CSR include building trust, becoming customers' preferred choice, enhancing brand value and reputation, and ensuring long term sustainability.

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    55 Pratik Thakkar

    56 Sakar Thakur
    57 Ganesh Tripathi
    What is CSR?
    Corporate social responsibility (CSR) is a business process
    which signifies that for any business or a firm it is
    important that they work for a social cause. It is essential
    that the business gives a part of what it gets to the
    community for its development.
    A forwarded action which flows companys vision and
    mission as a part of companys everyday actions
    CSR is being aware of and bringing about change to working
    practices to eradicate exploitation and promote fairness
    and safety

    CSR norms in India
    The threshold coverage levels for CSR are low. Companies are
    subject to the CSR requirements if they have, for any financial
    year:
    a net worth of at least Rs. 5 billion (approximately U.S.$80
    million);
    a turnover of at least Rs. 10 billion (approximately
    U.S.$160 million); or
    net profits of at least Rs. 50 million (approximately U.S.
    [$800,000).
    Companies meeting these thresholds are required to develop a
    CSR policy, spend a minimum amount on CSR activities and
    report on these activities, or prepare to explain why they
    didn't.

    CSR typically includes issues
    Business ethics
    Community investment
    Environment
    Governance
    Human rights, etc
    Why should companies get
    involved in CSR?
    To create a trust among the investors
    For becoming preferred choice of their customers
    For enhancing brand value and reputation
    Long term sustainability for organization and society
    Conclusion
    Corporate had moved ahead to a really new level to
    fulfill their social responsibility which not only help the
    society but also to these companies to make a
    reputation in the society.
    The expectations from private sector regarding CSR is
    very high in the future
    In the present scenario companies play an important
    role in the growth and development of the nation. They
    should be encouraged and motivated to contribute
    more.

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