Corporate social responsibility encompasses how companies make their profits and what they do with them. It has evolved from being a nice-to-have to a must-have for companies. Companies that implement CSR stand to gain a reputation as being worth working for, investing in, and doing business with. A company's CSR policy should have top-level commitment, educate employees, and establish a dedicated CSR team. The document then outlines a company's internal and external CSR policies covering initiatives in production, staff provisions, donations, and a timeline for implementation.
2. 2
• Doing business with
• Buying from
• Working for
• Investing in
Company stands to gain a
reputation for being company
worth:
To avoid continuous
government interventions
To achieve long term
profitability
A CSR policy used
to be a
NICE TO
HAVE
Today , without a
doubt it is a
MUST
HAVE
3. • Secure top-level commitment
• Build employees understanding and
commitment to CSR policy
• Establish a dedicated CSR team
MANAGING
REPUTATIONAL RISK
STAGE • Integrating social concerns with
effective business concerns
• Aligning business model with
environmental concerns
STRATEGIC
STAGE
• Encouraging other companies and
stake holders to adopt sustainable
ideas
• Spreading awareness among
customers to pursue sustainable
development
CIVIL STAGE
3
4. 4
INTERNAL
POLICY
• Implementation of CSR initiative in all areas from
production, packaging to marketing etc.
• Initiative will be taken as soon as possible according
to each area
SET THE
OBJECTIVE:
• Compliance with national laws- fair wages,
days off etc.
• Prohibit child labour, harassment & abuse
DEVELOP CODE OF CONDUCT:
IMPLEMENT THE CODE OF CONDUCT:
• . Integrate into functioning of the entire staff
within a month.
• Monitor compliance through regular audits
• Establish efficient reporting systems
• Assigning the duty to the managers at all
levels
REPORT THE PROGRESS:
5. 5
EXTERNAL
POLICY
• At least half of the factory in Gujrat will start
working on solar power (within 6 months )
• Reduce air pollution by using power efficient
electrostatic precipitators (within 5 months)
Switch to better technology:
• Programs to educate the children of lower
management staff.
• Providing crèche for the children of backward
class employees
• No deduction of Salary during maternal period.
Services to Staff
Adopt comprehensive marketing
structure:
• Switching to CNG vehicles for transportation with
immediate effect
• Outsourcing a part of production activities to
small scale handicraft industries in Delhi NCR
with
• Keeping Profits aside, to donate in NGOs which
aim at alleviating poverty and eradicating
hunger.
Donations
6. 6
21% Creche Facilities, Rehabilitation Centers
Healthcare, Clothing to the children of Backward
Employees (societal responsibility)
Providing Facilities
22% Power efficient electrostatic precipitators, CNG in
Transportations Vehicles.
Technology
9% Donations to NGOs to alleviate poverty and
hunger.
Donations
27% Solar Power Plant for the Factory in Gujarat (long
term perspective)
Installation of Solar Power
BUDGET FOR CSR
2% of our PAT (Rs.685 crores 2018-19) amounts to
Rs.13.7 crores which is planned to be utilized in the
following manner :
21% Education Programs for children of backward
class employees .
Provisions for maternity leave salary.
Provisions and Programs
7. 7
Buying directly from
farmers in bulk
(economies of scale).
Besides paying them
money, the organization
can help their children
to get admission in
good schools and help
their wives to work in
rehabilitation centers.
Providing them raw
materials for growing
organic cotton and
preparing vegetable
dyes at a subsidized
rate.
Cost of Organic
Cotton
Government provides
20% subsidies for
installation of solar
power plants in Gujarat
Subsidies of
Solar Panels
The solar plants and
other projects will
involve high investment
but will help in
recovering costs over
time.
Recovering Cost
8. 8
Training and counseling
sessions for technical
assistance.
On-The-Job Sessions
Provision of proper salaries to
employees and wages to workers
with appropriate working hours.
Income Commitment
Development of rehabilitation
centers where the work can be
provided to those women who
are unable to come to the
factories.
Rehabilitation Centres
30% Reservation of jobs for
women and 5% for physically
challenged people.
Reservation
Providing crèche and
other facilities for the
children of backward class
employees
Facilities
Safe and hygienic working
conditions.
Focus on health and safety
issues of the employees
Well-Being of Staff
9. CSR PLAN
T I M E L I N E
At The END of the
YEAR
Installing and Construction
Planning and Organizing
• 90% of the machinery will work on
sustainable mode of energy
• 95% of our waste will be efficiently
disposed off.
• At least 35% of our employees will be
women or people from Socially backward
classes
• The children of 20% of our employees
will be sent to better schools.
• At least 15% of our budget will be
dedicated to poverty alleviation and
hunger eradication programs.
• 3-4 Months – Approve, Install and Run
machineries on Solar Panel
• 2-3 Months – Approve, Install and Run
Electrostatic Precipitators
• 5-6 Months – To build Crèche and
Rehabilitation Center
• Quarterly – Making Provisions for Salaries
and Donating in NGOs
• Within 2 weeks plans and objectives
will be laid down
• CSR team will be formed and
Resources will be allocated to them