corporate social responsibility benefits the bottom line [autosaved].pptx
TRANSCRIPT
CONTENTS
SOCIAL RESPONSIBILITYCSRBOTTOM LINECSR BENEFITS BOTTOM LINECSR INITIATIVES AND EXAMPLESCONCLUSION
Social responsibility is an ethical framework which suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large.
Duty of every citizen Maintain balance between the economy and ecosystem
EVERYDAY EXAMPLES OF SOCIAL RESPONSIBILITY
Type of Organisation
Examples of socially responsible activities
1 Movie Theatres / Multiplexes / Malls
-Screening of social message films-Special shows for underprivileged groups-Offering table space for NGOs -Adopting a nearby garden / open space and
maintaining it2 Petrol Pumps -Promoting accident awareness,
pedestrian safety -Checking and offering fuel efficiency tips
3 Shops e.g.: Chemists
-Awareness posters of symptoms of different diseases
-Collecting & donating old medicines to charitable hospitals
-Offering discounted medicines for poor patients
4 Private Hospitals -Creating a Patients’ Information Centre & Library
-Encouraging citizens to help accident victims by taking care of legal aspects of accidents / emergency cases
-Displaying “Patients and Doctors Bill of Rights & Responsibilities”
A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates is CORPORATE SOCIAL RESPONSIBILITY.
THE TRIPLE BOTTOM LINE
WHAT IS BOTTOM LINE ? PEOPLE, PLANET AND PROFIT are known as the triple
bottom line.
PEOPLE PROFITPLANET
PEOPLE People refers to fair labour practices, the community and region where
the business operates. Includes stakeholders, employees, local community
Companies Industry & trade associations
Govt. bodies
NGOsMedia
Researchers, students
Citizens,Investorsshareholders
Space diagram showing different stakeholders
CSR BENEFITS PEOPLE
Promotes medical services Provides good living standard Promotes education Relief in natural calamities Rural development initiative Blood donation and health check-up camp etc.
PLANET
Planet refers to sustainable environmental practices
Afforestation ,social forestry ,check dams ,parks etc. Minimises the carbon footprint Eliminating waste by recycling or innovative actions Animal care Promotes sustainable sources of energy
CSR BENEFITS PLANET
Profit is the economic value created by the organization after deducting the cost of all inputs, including the cost of the capital
CSR INCREASES PROFIT Provides better facilities to stakeholders More people wish to work in that firm Firm will get more talented employees Work ability will increase Thus net profit increases Investing slight part of its net profit in turn increases its overall profit
CSR INITIATIVES AND EXAMPLES
INFOSYS TECHNOLOGIES LIMITEDInfosys promoted, in 1996, the Infosys Foundation as a not-for-profit trust to which it contributes up to 1% PAT every year. Additionally, the Education and Research Department (E&R) at Infosys also works with employee volunteers on community development projects
LARSEN & TOUBRO LIMITEDL&T promotes Construction Vocational Training in India by establishing a Construction Skills Training Institute (CSTI) at Manapakkam, Chennai and many other parts which imparts free of cost basic training in farm work, carpentry, masonry, plumbing and sanitary, etc.
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