Corporate Social Responsibility And Corporate...

Corporate 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 hundreds of years in the form of philanthropy by the big Indian companies through donations into temples and opening schools, colleges and hospitals .In spite of this, there is a lot of confusion between the various terminologies related CSR. Some say it as corporate conscience, corporate citizenship or responsible business[1]. CSR signify different idea in different scenario, regions and time to different people. This paper provides an overview of the CSR concept and two major definitions which are so interlinked and used interchangeably over the time called as Corporate Social Responsibility and Corporate Sustai nability .These are two concepts prevalent in Indian Industry which are confounding to managers. Hence, some companies produce only CSR report or a Sustainability report while both of them are supposed to be made separately for the societal benefit. After analyzing the case of Aditya Birla Group, it can be concluded that both are different from each other and CSR is a way toShow MoreRelatedCorporate Social Responsibility And Sustainability1423 Words   |  6 Pagesis study of Corporate Social Responsibility (CSR) and sustainability. It mainly speaks about the origin and the operations of CSR programs in the United States of America from the 1980’s. One of the most dominating concepts of business reporting is Corporate Social Responsibility. It has become mandatory for every business to include a policy with regards to CSR and produce a detailed report with regards to its activities. CSR can be defined as the relationship between a corporate company andRead MoreSustainability And Corporate Social Responsibility852 Words   |  4 PagesSustainability and corporate social responsibility indicate the desire of an organization as a responsible citizen to give back to the society through initiatives that seek to better the lives of the people and generally, leaving the world a better place to live. As a global leader in the coffee restaurant business, the size of Starbucks and its activities mean that it wields a lot of power in its areas of operation and its activities can affect societies directly and indirectly. The company’s missionRead MoreMcdonald s Corporate Social Responsibility And Sustainability886 Words   |  4 PagesMcDonald’s Corporate Social Responsibility and Sustainability: Raising the Standards Higher I. Introduction, background, situation, problem and method Corporate social responsibility (CSR) and sustainability are the emerging bottom lines in corporate governance today (Fontaine 2013). There is actually a triple bottom line: people, planet and profit (Fontaine 2013). It is no longer possible for corporations and businesses to ignore that as they pursue business objectives, they affect society andRead MoreCorporate Social Responsibility ( Csr ) : The Importance Of Meeting Economic, Social And Sustainability Needs1175 Words   |  5 Pageseconomic, social sustainability needs) Author: Supervisor: Sazzad Hossan Royal James Heath 18571849 12th December,2015 Corporate social responsibility (CSR), otherwise called maintainable capable business, or corporate social execution, is a type of corporate self-regulationRead MoreThe Triple Bottom Line Is A Global Authority On Corporate Social Responsibility And Sustainability1005 Words   |  5 PagesIf we were to ask 5 different people the definition of sustainability, we would receive 5 different answers. However, the triple bottom line is a typical concept used often when talking about the subject of sustainability within a business. John Elkinston, a global authority on corporate social responsibility and sustainability coined the phrase for the first time in his book ‘Cannibals with Forks: The Triple Bottom Line of 21st Century Business’, in 1997. His argument was that the methods by whichRead MoreCorporate Social Responsibility, Sustainability, And Approaches For Managing Culture And Diversity Of Employment Practices Essay1576 Words   |  7 Pagesfollowing business report wi ll examine some critical concepts which apply to all businesses small or large more specifically to the company of Tata. This report will provide an in depth analysis and evaluation of the areas of corporate social responsibility, sustainability and approaches to managing culture and diversity of employment practices of the company. The methods used to analyse these key areas comprise of the textbook, a wide variety of articles, a quote and a youtube clip. Tata has beenRead MoreCorporate Social Responsibility And Sustainability Essay1563 Words   |  7 Pages Contents †¢ Summery †¢ Vision or Mission statement †¢ Values of the organisation †¢ Corporate Social Responsibility/Sustainability †¢ SMART analysis †¢ Conclusions †¢ Reference list Summery This assessment is about analysing the management of two different companies Macquarie group of services and David Jones. Both got many similarities and differences between their organisational structure and management. They also work with a vision in market from many years. ThereRead MoreSustainability and Corporate Social Responsibility at IKEA928 Words   |  4 Pagesinfluenced by the demands of customers and stakeholders. The business approach and corporate philosophy of an organization is easily altered due to economic pressures, technological improvement and stakeholder needs and demands. Going green or being eco-friendly is one such demand. IKEA is among the top sustainability leaders in the Scandinavian region. The company is able to confidently respond to questions of responsibility raised by consumers, employees, and investors regarding eco-friendly productsRead MoreSustainability as Part of Corporate Social Responsibility2888 Words   |  12 Pagesindirectly obliged to t ake initiatives and responsibility for their operational actions that have an impact on the natural environment and society. The natural environment that creates our basic standard for living is becoming more threatened by the human use. Not only the natural resources are being consumed to its limits, but also the procedures behind extracting those resources have a damaging effect on the environment. Thus, for many companies sustainability has become an important part of theirRead MoreSustainability Is More Than Corporate Social Responsibility1874 Words   |  8 Pages 1. Sustainability a) Business Challenges related to Sustainability: Sustainability is more than corporate social responsibility. It is a challenge to companies, how they grow and make more profit without harming the environment, society and efficiencies of the employees. When it comes to sustainability issues then Stakeholders are centre of discussion. Businesses face challenges in terms of political environment, ethical, cultural, economic issues. Companies have to design their long term business