2. INTRODUCTION ABOUT CSR
The term Corporate Social Responsibility or CSR has been
defined as under, but is not limited to: Projects or programs
with reference to activities that are specified in the
Schedule; or Projects or programs related to activities
undertaken by the Board in pursuance of recommendations
of the CSR Committee according to the declared CSR policy
subject to the condition that such policy covers subjects
explained in the Schedule
3. INTRODUCTION :
A number of studies have manifested the benefits generated by
fulfilling social responsibilities. Positive brand image and reputation
can be created through corporate social activities. It is also an
innovative means for companies to enhance relationship with
customers.
The purpose of this study is to show how CSR has been defined, what
dimensions of CSR has been empirically tested and what outcomes can
be yielded from fulfilling CSR based on the content analysis of existing
CSR literature.
4. OBJECTIVE :
To study the concept of Corporate Social
Responsibility (CSR) & sort out its dimensions.
5. RESEARCH METHODOLOGY
The present study was exploratory research based on literature review
on Corporate Social responsibility. The research papers reviewed by
researchers were taken from different journals available offline and
online
6. WHAT TYPES OF COMPANY INVOLVED?
Corporate Social Responsibility is required for all companies
viz. private limited company, limited company. The
Companies with net worth of Rs.500 crores or greater, or
with a turnover of Rs.1000 crores or greater, or with a net
profit of Rs. 5 crores or greater are necessary to constitute a
CSR committee.
7. CSR COMMITTEE AND POLICY
All qualifying company required to have a CSR committee are
required to spend at least 2% of its average net profit for the
directly preceding 3 financial years on CSR activities.
Additionally, the qualifying company shall be necessitated to
comprise a committee (CSR Committee) of the Board of
Directors (Board) comprising of 3 or more directors. The CSR
Committee will prepare and recommend to the Board, a policy
which will specify the activities to be undertaken (CSR Policy);
advocate the amount of expenditure to be incurred on the
activities referred and monitor the CSR Policy related to the
company.
8. Activities permitted under Corporate Social
Responsibility (CSR)
Eradicating extreme hunger and poverty
Promotion of education
Promoting gender equality and empowering women
Reducing child mortality
Improving maternal health
Combating human immunodeficiency virus, acquired, immune
deficiency syndrome, malaria and other diseases
Ensuring environmental sustainability
Employment enhancing vocational skills, social business
projects
9. DIMENSIONS OF CSR
Environmental
Social
Economic
Stakeholder
Voluntariness
10. CONCLUSION
There are different argument in favour and against of CSR. Some favour
CSR activities whereas others are against as they argued that business aim
is to earn profit only.
All qualifying company required to have a CSR committee are required
to spend at least 2% of its average net profit for the directly preceding 3
financial years on CSR activities.
There are different dimensions of CSR namely social, economical,
stakeholder, environmental and voluntaries.
11. References
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Dahlsrud, A. (2008). How corporate social responsibility is defined: an analysis of 37 definitions. Corporate social responsibility and environmental
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Hopkins, M. (2003). The planetary bargain: corporate social responsibility matters Earthscan Publications Ltd.
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