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CSR Consultancy

Description

Corporate Social Responsibility 

CSR is defined as “the responsibility of enterprises for their impacts on society”. CSR in India has traditionally been seen as a philanthropic activity, but has moved from institutional building (educational, research & culture) to community development through various projects. The Companies Act, 2013 passed by Indian parliament which comes into effect on 1st April, 2014 has introduced the idea of CSR to the forefront and through its disclose-or-explain mandate, is promoting greater transparency and disclosure.

Since Corporate Social responsibility and sustainability are so closely entwined, it can be said that corporate social responsibility and sustainability is a company’s commitment to its stakeholders to conduct business in an economically, socially and environmentally sustainable manner that is transparent and ethical.

The CSR provisions within the Act are applicable to companies if they have, for any financial year:

  • A net worth of at least 500 crore INR; or
  • A turnover of at least 1000 crore INR; or
  • Net profits of at least 5 crore INR.

The Act encourages companies to spend at least 2% of their average net profit in the previous three years on CSR activities. Also, the act lists out a set of activities eligible under CSR.
 

Our Services:

In addition to the basic services which includes general awareness raising & overview of global and regulatory drivers, key social, ethical and environmental issues and related policies, practices & procedures, we provide following consultancy services in the area of CSR:

  • Design and implementation of CSR policy: facilitate in visioning, strategizing & operational reviews for developing an effective CSR policies.
  • Designing CSR initiative: facilitate in identifying priority needs of stakeholders, engagement with stakeholders that encompasses not only social but also environmental.
  • Need Assessment: Assessing the needs on social or environmental issues facing an organizations industry & competition.
  • Monitoring & Evaluation of CSR programs: Monitoring and evaluation is an essential part of any CSR initiative, which help businesses in enhancing their CSR programs.

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