Download or read book Empirical study on Impact of Corporate Social Responsibility Initiatives on Environment and Sustainability with due emphasis on Indian Origin Conglomerates written by Vinodhini Yallagandala and published by GRIN Verlag. This book was released on 2024-09-30 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2024 in the subject Environmental Sciences - Sustainability, grade: 15, Osmania University (Amjad Ali Khan College of Business administration), course: MBA, language: English, abstract: Corporate Social Responsibility (CSR) has emerged as a pivotal strategy for businesses aiming to enhance their environmental and sustainability performance. This study explores the multifaceted impact of CSR on environmental sustainability, highlighting how CSR initiatives can drive green innovation, reduce greenhouse gas emissions, and promote sustainable business practices. By analyzing data from specific Indian origin Conglomerates, the research demonstrates that CSR initiatives not only fulfill regulatory requirements but also meet stakeholder expectations, leading to improved environmental outcomes. The findings suggest that these conglomerates engaging in the above programmes are better positioned to attain Sustainability Development Goals, thereby contributing to the planet Earth. CSR has also emerged as a pivotal strategy for businesses aiming to balance economic growth with environmental stewardship and social equity. It also explores the impact of CSR initiatives on environmental sustainability, examining how these businesses can integrate sustainable practices to mitigate their ecological footprint through. The research adopted an empirical study as well as conceptual analysis through a rigorous literature review with a sample of 25 conglomerates of India. The findings of the analysis have been presented and concluded the results accordingly.

Download or read book Sustainable Development and Corporate Social Responsibility written by Dongyong Zhang and published by Routledge. This book was released on 2017-11-06 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Social Responsibility (CSR) has become an important concept in the last few decades. Although it originated in the developed countries of the West, the concept has been embraced and adapted by corporations and policy-making agencies in many developing countries. Not surprisingly, given the importance of growth and development as policy objectives in these countries, CSR has had a significant impact on sustainable development. Sustainable Development and Corporate Social Responsibility explores the evolution of CSR across the developed and developing world, with a particular focus on China and sustainable development. Through an extensive review of the literature and relevant case studies, the book examines whether CSR can make a contribution to sustainable development, how the patterns of CSR in developed Western economies compare to that in the rapidly growing economy of China, what trade-offs take place between CSR and economic growth as well as the future of CSR and its possible impact on the global sustainable development agenda. This book is a valuable resource for academics and upper-level undergraduate and postgraduate students in the fields of human/social geography, economics, business studies, sustainable development, development studies and environmental studies.

Download or read book The Impact of Corporate Social Responsibility written by Robert Kudłak and published by Taylor & Francis. This book was released on 2022-08-26 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Impact of Corporate Social Responsibility: Corporate Activities, the Environment and Society adds to the current debate on the societal-level impacts of corporate social responsibility (CSR). This edited volume offers conceptual and empirical contributions highlighting various dimensions of CSR impacts. What differentiates the book from others is that we examine the impact of CSR at the societal level, rather than focussing only on those at occur at the level of the firm. The book’s contributions present novel perspectives that comprise, among others, empirical analyses of CSR activities, accounts of impacts in various geographic locations, and state-of-the-art reviews of extant literature on the topic. The practical examples and theory-building presented here help us to better capture the societal impacts of contemporary CSR practice. This book will appeal to scholars and students as well as practitioners and policy makers interested in practical and theoretical aspects of CSR impacts at the societal-level. Chapter 3 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives CC-BY 4.0 license.

Download or read book Essential Alignment written by Dr. E. Manohar and published by . This book was released on 2020 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impacts of Corporate Social Responsibility activities takes place in different forms. There is now a growing concern over the fate of the displaced people due to expansion of the companies. This has given rise to the need to understand beforehand the implications of adverse project impacts so that mitigation plans could be put in place in advance. The tremendous changes in the last decade of the twentieth century, the companies have witnessed a shift in focus from charity and traditional philanthropy toward more direct involvement of organisations in development of the needy and poorest of the society. In India, there is a growing need for alignment of Social Impact Assessment with Corporate Social Responsibility as the organisations cannot succeed in isolation but social progress is necessary for sustainable growth in the competitive world. The alignment of Social Impact Assessment (SIA) and Corporate Social Responsibility (CSR) programmes of companies need to focus on community initiatives at the local level which leads to sustainable development of the community and brings good image to the company. The present paper focuses on the essential alignment of Social Impact Assessment and Corporate Social Responsibility by the case studies of two public sector undertakings at Karimnagar region in Telangana State, India.

Download or read book Corporate Social Responsibility in India written by Nayan Mitra and published by Springer. This book was released on 2016-09-28 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive overview of Corporate Social Responsibility (CSR) in Indian corporations following the 2013 legal mandate on corporate spending of profits for CSR. Bringing together authors hailing from diverse walks of life, the book pursues a 'hands-on' approach, with real-world case studies and examples that help the reader feel the dynamic pulse of India immediately after the ratification of the CSR mandate in the Companies Act, 2013. The Act is expected to affect over 16,300 companies with an estimated flow of approximately 200 billion Indian rupees into the economy every year, thus shaking the foundations of business and society and impacting the country at multiple stakeholder levels. As a result, India is likely to become the birthplace of social, economic, and environmental transformation through financial investments in CSR! In order to insightfully reflect on this transition, this book has been divided into three parts. The first part presents the CSR mandate and its implications, while the second focuses on its implementation and the third part provides a view on the way forward. The book helps to reveal the various layers of CSR in an emerging economy like India and is expected to spark debate, discussion and research among policy-makers, consultants, academics, practitioners and other stakeholders the world over, which will further expand its contribution to CSR literature and open up new vistas in CSR research. "This is indeed a first of its kind book and marks a watershed in the journey of CSR. It is an extremely important contribution to the body of knowledge in the area of CSR and Corporate Governance in emerging economies that is driven by a completely different set of challenges, opportunities and requirements from that of developed economies." Dr. Bhaskar Chatterjee, Director General & CEO, Indian Institute of Corporate Affairs

Download or read book Corporate Social Responsibility in India written by S. Siva Raju and published by Springer. This book was released on 2017-10-25 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the authors’ recent field experiences of corporate social responsibility (CSR) activities in different regions of India. It also demonstrates how social auditing and stakeholder mapping help analyze the impact that particular individuals or groups may have on the functioning of any company in an area. CSR is a rapidly growing area of research and activity, especially in developing countries like India. An increasing number of companies are realizing their own social responsibility, given that they work within societal networks. As a result, any initiation or expansion activity they carry out in society impacts the communities around them. Given the newness of the field, the work on CSR in India is still in the initial stages. Most importantly, there is a need to highlight issues concerning CSR activities using sound methodologies and scientific data. A database comprising qualitative and quantitative approaches collected by tracking CSR activities is invaluable. Further the scientific data is vital to fully understand CSR, and in turn helps in designing appropriate and effective interventions for improving community members’ quality of life. Accordingly, the stakeholders associated with CSR need to have a sound knowledge of how to conduct studies related to baseline data generation, community needs assessments, community profiling, stakeholder mapping, social impact assessments, monitoring and evaluation, as well as the social auditing of CSR projects and other related issues. This book aptly covers these issues and offers supporting empirical evidences from the field.

Download or read book Empirical Investigation of Current Status of Corporate Social Responsibility in Indian Organizations written by Madhu Bala and published by . This book was released on 2020 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: - This paper aims to investigate current status of corporate social responsibility in Indian organisations. Its purpose is to understand, document, analyze and review the corporate social responsibility perceptions of relatively selected companies in India after its legislation. Design/methodology/approach: - This empirical study is based on a survey of 97 respondents of Indian organisations among top 500 fortune companies from various sectors. Out of the top 1000 companies in India, 125 companies were selected randomly from various sectors both from the public and private sectors also covered from manufacturing and service industries. The data was collected by using a structured questionnaire blended with suitable open-ended questions. The analysis has been carried out with the help of percentages and mean values using SPSS software. Findings: - CSR has become progressively projected in the Indian corporate setting because organizations have recognized that besides growing their businesses, it is also important to shape responsible and supportable relationships with the community at large including almost all groups of people like rural community, nearby community, tribal community, customers, employees etc. CSR initiatives in India increasingly include lobbying for legally enforceable corporate standards that apply to all firms. Further the significant engagement of top management in setting up of CSR policies, deciding CSR activities, integrating CSR as a business strategy into their policies and practices and discharging CSR activities effectively in India will really take CSR to new heights. There is positive impact of CSR on the financial performance of company. But India is lacking in providing CST training; which need to be given more thrust for a big success of CSR. Research/limitations/implications: - This paper is of value to the researcher and practitioners of corporate social responsibility. The study, I hope, would help other small and medium sized companies, to actualize their CSR interventions by identifying appropriate target group of people to discharge CSR activities. This study can further be utilized to identify CSR training needs for their companies.

Download or read book Business Responsibility and Sustainability in India written by Bimal Arora and published by Springer. This book was released on 2019-05-28 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: On the backdrop of the institutionalisation of corporate social responsibility (CSR) and sustainability, and the emergence of multi-stakeholder-driven voluntary regulation, this timely collection places special emphasis on India and explores its international voluntary sustainability standards. The authors analyse the adoption and implementation of voluntary governance initiatives across a range of industries, offering insightful sectoral discussion and evaluation of voluntary sustainability standards as forms of transnational private regulation. This book will be of interest to anyone researching CSR, sustainability and supply chain management in emerging markets.

Download or read book Corporate Social Responsibility Awareness and Consumer Purchasing Decision Making of Sachet Water written by Eugene Agyei and published by GRIN Verlag. This book was released on 2017-07-10 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2017 in the subject Business economics - Business Ethics, Corporate Ethics, grade: A, , course: Sociology, language: English, abstract: The purpose of this study was to empirically investigate Corporate Social Responsibility (CSR) awareness and consumer purchasing decision-making of sachet water among University of Ghana students. The study sought to find answers to the following questions: What is the awareness level of CSR activities of sachet water producers in Ghana among consumers? What are consumer perceptions about CSR activities of sachet water producers? How do CSR initiatives of sachet water producers influence purchasing behavior of customers? A sample size of one hundred (100) consumers of sachet water was selected from University of Ghana for the study using the purposive random and convenience sampling method. The data obtained were analysed using Statistical Package for Social Sciences (SPSS 20.0) software. From the study, the researcher found out that, relatively fewer consumers of sachet water are aware of CSR activities of sachet water companies. The study also discovered that more consumers highly perceived environmental friendly activities as corporate socially responsible. The study also revealed that, other factors such as product quality, brand, advertisements and price influence the purchasing decisions of sachet water buyers, even to a greater extent than CSR. It was found that consumers are particularly concerned about quality when buying sachet water. However, CSR activities performed by sachet water companies were rated as a lesser factor that influence consumers stay and repurchase of sachet water. The researcher recommends, among other things, that regulatory bodies be firm in enforcing laws in corporate organizations. Again, CSR should be viewed as part of the code of ethics of any corporate organization, including sachet water companies. Also, the government should design national policies to set parameters for CSR in Ghana to reflect national needs.

Download or read book Mandated Corporate Social Responsibility written by Nayan Mitra and published by Springer Nature. This book was released on 2019-08-28 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the Indian mandate for Corporate Social Responsibility (CSR) and its implementations in various individual organizations. Although the mandate is applicable only to certain large and stable companies, many believe that India is poised to become the birthplace of social, economic and environmental transformation, given the immense size of the Indian population and its challenging socio-economic index. The book explores the various facets of CSR investigation and places special emphasis on the Schedule VII of the Indian Companies Act of 2013, which defines specific areas of intervention for these companies. In addition, it provides a wealth of first-hand case studies that exemplify the ongoing developments and the fundamental challenges and opportunities of mandated CSR.

Download or read book Relationship Between Corporate Social Responsibility Environmental Management and Profitability written by Daisy Valentin and published by Dissertation.com. This book was released on with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. hospitality industry's profitability has been shifting to environmental management and corporate social responsibility (CSR) practices. Hospitality industries accounted for 5% of the global market in 2015 and are expected to increase by 130% in 2035. Grounded in stakeholder theory, this correlation study examined the relationship between corporate sustainability officer (CSO) CSR, CSO environmental management, and hospitality business profitability. Secondary data were collected from 97 hotel websites of the Minneapolis-St. Paul, Minnesota from 2014 to 2016. The multiple linear regression combinations of CSR and environmental management (EM) measured significantly related to the profitability index, F(3, 93) = 4.67, p < .001, adj. R2 = .13. The sample multiple correlation coefficients were .36, indicating approximately 13% of the variance of the profitability index. The multiple linear regression combinations of CSR measures significantly related to the profitability index, F(2,94) = 6.05, p < .001, adjusted R2 = .11. The sample multiple correlation coefficients were .34, indicating approximately 11% of the variance of the profitability index. The linear combination of EM measures were not significantly related to the profitability index, F(2,94) = 2.91, p < .001, adjusted R2 = .06. The sample multiple correlation coefficients were .24, indicating approximately 6% of the variance of the profitability index. The implications for positive social change include the potential to identify hospitality industry leaders involved in environmental management who have a CSR to promote social change in their communities.

Download or read book Demonstrating Responsible Business written by Vineeta Dutta Roy and published by Bloomsbury Publishing. This book was released on 2019-07-10 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The attitude of sharing global problems and being part of its solution in one's own capacity and competence is, in essence, Social Responsibility today. Businesses are no exceptions, in fact, they are, more than any other time in history, expected to take larger responsibilities of their actions and impacts along their own supply chains and contribute their bit to alleviating some of the worst challenges the planet and its people are facing. The emphasis is on demonstrable differences they make. In India, the revisions done to the Companies Act, especially pertaining to the CSR done by Indian companies echo this sentiment. While stipulating definitive themes of developmental and social areas where companies can do CSR related work, a great emphasis is laid on concrete plans and tangible results, making CSR in the country a significant tool in national development and a strategy to contribute to global goals. The book, in its writing, has attempted to bring these renewed perspectives to the reader with real-world insights into related company practices.

Download or read book The India Way written by Peter Cappelli and published by Harvard Business Press. This book was released on 2010 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploding growth. Soaring investment. Incoming talent waves. India's top companies are scoring remarkable successes on these fronts - and more. How? Instead of adopting management practices that dominate Western businesses, they're applying fresh practices of their ownin strategy, leadership, talent, and organizational culture. In The India Way, the Wharton School India Team unveils these companies' secrets. Drawing on interviews with leaders of India's largest firms - including Mukesh Ambani of Reliance Industries, Narayana Murthy of Infosys Technologies, and Vineet Nayar of HCL Technologies - the authors identify what Indian managers do differently, including: Looking beyond stockholders' interests to public mission and national purpose Drawing on improvisation, adaptation, and resilience to overcome endless hurdles Identifying products and services of compelling value to customers Investing in talent and building a stirring culture The authors explain how these innovations work within Indian companies, identifying those likely to remain indigenous and those that can be adapted to the Western context. With its in-depth analysis and research, The India Way offers valuable insights for all managers seeking to strengthen their organization's performance.

Download or read book Empirical Study of the Components of CSR Practices in India written by Madhu Bala and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: - The purpose of this paper is to identify the CSR practices, analyze their underlined components and study them for such component's similarities/differences across Private Indian Companies (PC), Multinational Companies (MNC) and Public Sector Companies (PSCS).Design/methodology/approach: - The study is based on primary data. The sample consisted of 145 companies including 65 Private Indian Companies (PICs), 51 Multinational Companies (MNCs) and 29 Public Sector Companies (PSCs) working in India of various sector. The data thus generated was analyzed with the help of factor analysis.Findings: - The study finds that there is no major difference in components of CSR practices of PICs, MNCs and PSCs. The identified CSR factors emerged from PICs are Employee Welfare, Environmental and Natural Resources Protection, Community Development and Community Affairs. The identified CSR factors emerged from MNCs are Community Welfare, Employee Development & Safety, Environmental and Natural Resources Protection, Working under law and compliance, Employment Generation and Community Support and that of PSCs are Employee Welfare and Social Support, Sustainable Development, Community Development and Heath & Scholarship Program. The difference lies only in priority/preference to follow CSR practices. Research/limitations/implications: - The present study provides a starting-point for further research in Corporate Social Responsibility Initiatives. This paper is of value to the researcher and practitioners of corporate social responsibility. The study would help others companies who yet to start CSR and to actualize their CSR interventions.

Download or read book A Casebook of Strategic Corporate Social Responsibility written by Ananda Das Gupta and published by Springer Nature. This book was released on 2021-12-04 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This casebook argues that corporate sustainability agendas should look beyond stakeholder demands and desires, towards strategic opportunities to achieve social and commercial benefits simultaneously. It encourages shifting focus from a strategic approach to a sustainable business practice. As the cases in the book highlight, it is in every company’s best interest to identify a manageable number of sustainability initiatives whose shared benefits—for society at large and the company—are significant and also substantially help the company strategically position itself in the competitive marketplace. Strategic sustainable business practices can lead to shared value creation, strengthening the company’s competitiveness and establishing a symbiotic relationship. Companies can achieve solid profits by doing good things for the environment; it is a “win-win” for society and for business. This casebook provides examples of multi-stakeholder partnerships that aim to create sustainable enterprises. Ideal for teaching purposes, after a brief introduction to the case method, the cases are presented with no comments or criticisms.

Download or read book Soulful Corporations written by Shashank Shah and published by Springer. This book was released on 2013-11-27 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the light of multiple corporate debacles, financial crises and environmental disasters across the globe, the need for corporate goals to transition from simply maximising shareholder wealth to optimising stakeholder welfare is being echoed in various quarters. This book makes a distinct contribution by looking at Corporate Social Responsibility (CSR) from a values-based perspective with a focus on providinga balance between corporate success and social well-being. The book emphasizes that corporations need to redefine their purposes to co-create long-term, sustainable and win–win solutions for multiple stakeholders through mutually-fulfilling and value-adding collaborative efforts. Through the ideal of ‘A Soulful Corporation’, the book proposes a new story where corporations, as associations of individuals, can identify their ‘collective spirits’ in terms of environmentally-aware, socially-inclusive and financially-rewarding missions. Some of the unique features of the book include: · A detailed study of the evolution of CSR from the ancient to contemporary times · Insights gained through empirical research and personal interviews with over 100 industry captains, CEOs, MDs and heads of the CSR function across companies and industries · Case studies on CSR practices and processes in leading Indian companies including the Tata Group, TVS Motor, HUL, Wipro, L&T, Bharat Petroleum, HDFC Bank, Birla Group, Reliance Industries and others. · Cases on unique social welfare projects in the areas of education, healthcare and drinking water supply · A ‘Society and Local Community Welfare Framework’and a ‘12-point Agenda for Affirmative Action’ that propose policy recommendations and provide corporations with a roadmap for their CSR journey in the light of the mandatory CSR spending introduced by the Government of India. The book has relevance to multiple stakeholders: students, academics, CSR researchers, policy-makers, industry captains, business managers and entrepreneurs.

Download or read book Corporate Governance and Corporate Social Responsibility of Indian Companies written by Saumitra N. Bhaduri and published by Springer. This book was released on 2018-05-27 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explores the theoretical and empirical issues relating to the interaction between corporate governance and corporate social responsibility (CSR) activities undertaken by Indian companies. It presents a highly detailed view on the evolution of CSR and its nexus with corporate governance. This is particularly timely in the context of the recent Indian Companies Act 2013, which mandates corporate social responsibility and revises the best corporate-governance practices for large companies. The findings of this study are unique in drawing from a unified framework of Indian corporate governance structure and corporate engagement in CSR. The book’s scope is both academic and practical; the research methodology developed and utilized is useful for researchers, while the implications and the selection of variables provide useful information for practitioners and stakeholders. Finally, although it focuses on large Indian companies, the findings can also be applied to research on other emerging economies.