4 Ways To Make Your Business Environmentally Sustainable

The days when businesses were in the market solely for the profits are long gone. Right now, as CSR practices are being integrated into every establishment’s business plan, maintaining a degree of environmental sustainability is a necessity. Businesses are no longer just about raking in the moolah anymore, in fact, they have an added responsibility to serve the communities and the ecosystem they are a part of. Implementing sustainability measures isn’t just good for the environment either, doing so directly impacts the profit margins of a company. A study published on greenbiz.com suggests that global companies like Johnson & Johnson are now allocating over $40 million a year to reduce the green house gas emmisions. This move by the company has also been lauded by customers and competitors alike, which has increased their goodwill in the market. But, doing this hasn’t been easy for Johnson and Johnson; they have had to build a robust infrastructure to help achieve their CSR goals. This poses the question- how exactly did Johnson & Johnson interlink sustainability to their long-term business plans? And how can a normal business pull this off? Well, that’s what you are going to find out here. Here are a few enlightening lessons every company must learn about making their business environmentally sustainable.

1. Put Forth Mechanisms That Emphasise On Sustainability

Rome wasn’t built in a day. Along the same lines, environmental sustainability measures can’t be conjured up within a narrow timeline. In fact, to make your business more sustainable, you need to come up with operations that focus on sustainability. For starters, you can support those policies that limit things which deteriorate the environment like greenhouse gas emissions and the like. This could ultimately help you contribute to the daunting task of fighting climate change, and can even be considered when you’re making policy decisions.

2. Reduce Your Waste

One of the major hurdles for both business and the protection of the environment is the generation of waste as a result of regular business operations. Disposing off this waste is usually expensive, and hazardous. In a time when generating unnecessary waste is considered a measure of inefficiency, the introduction of an effective system to reduce waste is absolutely necessary. A number of businesses are already working on a zero-waste policy for their operations. Take the case of Shree Cement, one of the largest cement manufacturers in North India, who have been turning thermal waste into energy. Through its Waste Heat Recovery (WHR) project, the cement manufacturer has been using the thermal heat generated during its processes to fuel their operations while selling the excess to the local electricity boards.

3. Switch To Renewable Resources

There is enough evidence on the abundance of renewable resources in India like solar, wind, and thermal energy among others. This can also reduce the reliance on fossil fuels and in turn spur a dramatic reduction in the emission of greenhouse gases and other pollutants. While solar and wind turbine technologies aren’t that popular in India yet, they are increasingly becoming more and more efficient these days. A good example would be Gujarat’s Solar Park which generates over 1,000 MW worth of power while reducing 8 million tonnes of CO2 emissions. Although, the initial costs could be on the higher side, it can certainly help with the sustainability mission and can balance out costs in the long run.

4. Buy Green And Go Green

One of the best ways to become environmentally sustainable would be to buy and encourage the purchase of green products. Make green procurement a priority by identifying green products and purchasing those products and services. The more green products you buy, the more you increase their demand in the market. The uplifting news is that a majority of these ideas have been implemented by a number of businesses all over the country. However, the numbers aren’t enough to impact the environment on a global scale. Perhaps the best thing to do is to start the trend and lead by example. References: http://www.unep.org/resourceefficiency/Portals/24147/scp/business/dialogue/2012/pdf/BCGE_Technical_Background_Paper.pdf http://environmentclearance.nic.in/writereaddata/form-1A/2014_5_27_May_2014_1049555101CementPlant-PFR.pdf http://www.wri.org/blog/2013/04/4-lessons-environmental-sustainability-every-corporation-should-learn Image References: https://pixabay.com/static/uploads/photo/2015/03/18/17/40/environmental-awareness-679668_960_720.jpg https://c1.staticflickr.com/7/6191/6101415124_d8e25360fe.jpg

Participatory Rural Appraisal: All For One, One For All

Participatory Rural Appraisal: All For One, One For All Posted on April 26, 2016 by Megha NGOs – Participatory rural NGOs have been gaining steam over the last few years, especially after the CSR mandate was announced in the Companies Act, 2013. But for an NGO to work well and make a lasting change in the society, it needs to understand the requirements and issues of the people at a grassroot level. One of the many ways NGOs do this is by conducting studies and surveys within villages, also called Participatory Rural Appraisals (PRA). But before we get to how PRAs assist NGOs, here’s how the study works. What is a Participatory Rural Appraisal? A Participatory Rural Appraisal is a tool employed by NGOs and agencies involved in local, national, and international development. It’s used to determine and incorporate the opinions and knowledge of the locals in the planning, management, and running of developmental programmes and projects. PRA manages to enable the local people to provide their opinions, conduct studies, and come up with plans to tackle issues that their community is facing. The project staff of the NGO joins the locals and together they learn all they can about the village. The Evolution of PRA Participatory Rural Appraisal is now considered one of the most popular methods of gathering information about projects in rural areas. But this wasn’t always the case. It was in the 1980s that developmental experts began to feel dissatisfied with the meager number of formal surveys being conducted in rural areas and the biased results that were coming in. It was only in 1983 that Robert Chambers designed the Rapid Rural Appraisal (RRA) where a group of practiced individuals was sent out into the field to gather information and create new, unbiased theories about rural life. The term ‘Participatory Rural Appraisal’ and ‘Participatory Learning and Action’ (PLA) were only coined in the mid 1990s. When To Use PRA PRA involves the community as a whole, and the locals themselves become analysts and investigators in the process. This works in their favour as they are able to determine and prioritize their needs, document and analyse relevant data, and select and train members to work actively for the society’s betterment. This method of analysis works so well because the actions that rise from it tend to focus and serve the local community in a much more streamlined manner. Though volunteers from a particular NGO run the programme, they don’t take an active part in the analysis. The organisers use group discussions and exercises to ensure that the locals share, analyse, and come up with an action plan. They assist the villagers and gradually help them understand the issues plaguing their community without influencing their decisions. PRA works as a tool for transfer of knowledge and also helps improve communication among the villagers and the NGO. Commonly Used Techniques There are a vast number of techniques used in PRA. We’ve picked three of the most common methods and illustrated how they’re conducted. Commonly Used Technique – CSR Participatory Mapping and Modelling This method involves the use of local materials to create a ground or wall map with the participation of the locals. The villagers draw, or in other ways, represent the historical and current situation of the area. The researcher then interviews each villager about what the map represents and document forests, types of soil, residential areas, farms, water sources, health and welfare conditions, and more. NGOs also create social maps to document who is related to whom, classes, and where they live. Matrices A researcher can use matrices as a means to gather information and to facilitate analysis among the villagers. They use grid-like formats to illustrate the link between different activities and factors. For example, a problem-solving matrix is used with columns containing labels like land use, soil types, available resources, and cropping patterns. Then there are rows with labels like constraints, solutions, and initiatives already attempted. Seasonal Calendars Variables such as labour, income, rainfall, debt, expenditure, animal fodder, pests, and harvesting periods are documented to show a month to month variation and seasonal issues. Using this data, the NGO goes ahead with a plan of action. The calendars can be used to identify produce grown, plants, harvest seasons, labour issues, and marketing opportunities. Often an 18-month calendar is used, as it illustrates issues and variations much better than a 12-month calendar. PRA has evolved over the years and is helping the rural population be more empowered and proactive about the different constraints they face in the village. This method clearly illustrates that when NGOs start at the grassroot levels, the society as a whole benefits. References: First Image Source: Wikimedia.org Second Image Source: shutterstock https://en.wikipedia.org/wiki/Participatory_rural_appraisal http://www.agraria.unipd.it/agraria/master/02-03/participatory%20rural%20appraisal.pdf http://www.kstoolkit.org/Participatory+Rural+Appraisal+(PRA) http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTSOCIALDEV/0,,contentMDK:21233809~menuPK:3291499~pagePK:64168445~piPK:64168309~theSitePK:3177395~isCURL:Y~isCURL:Y,00.html http://siteresources.worldbank.org/INTPCENG/1143331-1116505657479/20509228/Toolkit.pdf http://www.fao.org/docrep/w3241e/w3241e09.htm

Giving Back What Was Taken: Businesses And Their Obligation To The Environment

Organisations in this day and age are naturally inclined towards Corporate Social Responsibility (CSR) – giving back to society. Although giving back to society includes several focus areas, let’s talk about being responsible to the environment. This is, after all, the resource that every business draws from, on one level or another. There are various activities that inevitably have a negative impact on the planet. Businesses who have this effect on the environment more often than not, take steps to reduce the effects of their action on Earth. 1.Every Drop Counts More than 70% of the water on earth is non-potable. Worse, with untreated effluents released into our water sources, a lot it is rendered unfit for most purposes. According to a report published in Indian Environmental Portal, as of February 2016, over half of all Indian rivers are polluted, and the government faces a loss of USD 600 million (over INR 4000 crore) a year due to poor water standards. The government is taking measures to curb this issue and a number of like-minded organisations and NGOs have joined in the effort. Big industrial players like Tata Power, JSW, and ACC play their part by re-utilising water in their industrial processes. They also help by setting up Wastewater Treatment Plants (WTP) and Rainwater Harvesting (RWH) in their plants. Government-funded projects like the replenishing of disappearing ponds in Gurgaon and the MukhyaMantri Jal SwavlambanAbhiyan (MJSA), initiated by the Rajasthan government, have seen considerable support from these organisations as part of organisations’ CSR programs. 2.Reduce Your Carbon Footprint Reduce Carbon Footprint Many organisations have sizeable carbon footprints because of the nature of their business and the sheer scale of their operations. Achieving a zero carbon footprint is a protracted process, and both the government and a number of industry leaders are inclined towards this cause. Cisco, a global giant, has set up 3 photovoltaic facilities in Bangalore and Texas. These facilities will yield 2 million kilowatt hours of electricity every year, and save upto 1150 metric tonnes of carbon emissions annually. 3.Switch To Renewable Resources A number of industries are now looking into using greener, more sustainable alternatives for their power needs. Organisations like Cairn India mainly use renewable resources for their energy needs. Cairn India is also in the process of installing a solar-powered lighting system in their main plant in Rajasthan. Tata Power has switched to imported coal varieties that have a lower sulphur and ash content, resulting in reduced carbon emissions. 4. Saplings For The Future Mass deforestation is taking away a normal, worry-free future away from our children and grandchildren. Remember the adage, ‘We have not received Earth from our ancestors, we have borrowed it from future generations.’? As a solution to the widespread and indiscriminate felling of trees, a number of businesses have begun planting trees to try and mitigate the ill-effects of indiscriminate logging. Coal India Limited, Tata Group, ONGC, Bharat Petroleum, Reliance Industries, and Aditya Birla Group are some of the big names that plant trees in their areas of operation. This planting of saplings is an ongoing process and is carried out on a large scale by these companies every year. Most of these initiatives are mandated by a number of environmental laws. However, many businesses have taken measures towards creating a greener and cleaner planet of their own volition in the true spirit of CSR. References: Image Sources:

WASH (Water Sanitation And Hygiene) With CSR

Health and sanitation in India has been a point of concern for quite a long time. According to a report published in the Times of India on 9th September 2015, around 1.2 million children under the age of 5 die every year in the subcontinent. Most of these deaths occur because of preventable waterborne diseases such as diarrhea and are symptomatic of poor waste management. This is compounded by the fact that over 600 million people defecate in the open in India. Government Agendas The government, with its ‘Swachh Bharat Abhiyan’ campaign, aims at achieving 100% cleanliness in India. The vision is one of better sanitation facilities in both rural and urban centres by 2019. In the budget for the financial year 2016-17, the central government allocated INR 9000 crore towards this drive, a major step in the history of India. Through a gazetted notification in 2014, the government has also made the involvement of corporates compulsory in this massive drive through the Companies Act of 2014. This makes it compulsory for industries to contribute towards the improvement of health conditions through the vehicle of Corporate Social Responsibility. Corporations And CSR Even before the call-to-action by the prime minister, a number of big companies had already adopted CSR measures to better the sanitation and hygiene conditions of India. CSR divisions of corporations add value through measures like hand-washing awareness campaigns in local schools, constructing toilets and clean-water facilities, and efficiently managing waste. Case Study: HUL Hindustan Unilever Limited has undertaken a long-term initiative as part of the Unilever Sustainable Living Plan. Its objectives, on a global level are: To help more than a billion people take action to improve their health and wellbeing To halve the environmental footprint of their products To enhance the livelihood of millions of people as the business grows Water Conservation Drive India faces a scarcity of pure, drinkable water. To solve this, HUL aims to create a water supply of 500 billion litres by 2020. They’ve set up the Hindustan Unilever Foundation (HUF) to improve the water conservation capacity in India. Help A Child Reach 5 In 2012, HUL started a program called ‘Help A Child Reach 5’. It involved a massive hand-washing awareness campaign under the banner of their product, Lifebuoy. It aims to bring awareness of the importance of hand washing to at least a billion of people by 2020. In 2015, HUL reached out to would-be and new mothers, teaching them proper sanitation and hygiene during the natal-period of the first 28 days after birth. This period is extremely crucial to the well-being of the child. They began their drive in Kerala, and have moved to Thesgora, a village in Madhya Pradesh that has recorded one of the highest number of diarrhea cases in children under 5. An extremely powerful video, propagating the ‘Help A Child Reach 5’ campaign has gone viral. Water sanitation and hygiene is one of the top issues India needs to focus on collectively. HUL is a titan that has picked up WASH as their focal point for CSR activities. If more businesses come together to aid the government, the poor water sanitation situation can be tackled sooner rather than later. References: http://blogs.economictimes.indiatimes.com/ResponsibleFuture/hul-to-create-water-potential-of-500-billion-litres-by-2020-2/ http://www.unicef.org.uk/Media-centre/Press-releases/Unicef-500-children-die-every-day-from-lack-of-safe-water-sanitation-in-sub-Saharan-Africa-/ http://www.triplepundit.com/2015/06/business-case-corporate-investments-water-hygiene/ http://blogs.economictimes.indiatimes.com/ResponsibleFuture/tackling-the-water-sanitation-and-hygiene-wash-challenge-via-csr/ http://pmindia.gov.in/en/government_tr_rec/swachh-bharat-abhiyan-2/ http://unicef.in/Story/1125/Water–Environment-and-Sanitation http://www.lifebuoy.com/socialmission/help-childreach5/helpchild https://swachhbharat.mygov.in/ https://www.youtube.com/watch?v=VsnP_6kdtDY&feature=youtu.be Image References: https://en.wikipedia.org/wiki/Stunted_growth

People And Planet – 2 Ps To Build Your Brand On

Every organisation strives to create a business strategy that enables their offering to stand out from the competition. One compelling approach to building a great brand image is investing in Corporate Social Responsibility (CSR). CSR has been around in India for a while and has been implemented both by small businesses and big companies like Tata and Mittal Steel to achieve sustainable growth while also giving back to society. There has been even more good news for CSR in recent times; the Companies Act of 2013 has made it compulsory for corporate establishments beyond a certain profit-threshold to invest 2% of their profits into CSR efforts. It has moved beyond simply being an enforced obligation. Businesses actively use it to build a loyal consumer base by improving public image and brand perception. How exactly, then, do you use CSR for the benefit of your business? 1.Carving Out A Niche 75% of the population donates towards one cause or another, and so identify with brands that are affiliated with the doctrine of giving. Tap into this by creating a niche for your organisation. Aligning your company with a social cause that plays to its strengths will go a long way towards helping the planet while improving how the brand is perceived. Since its establishment, Tata has worked for the benefit of its employees, their families, and the environment. By creating a healthy work environment, Tata has developed a devoted workforce, which enables it to contribute to the society it functions in. For this brand, giving back is a time-honoured tradition. tata csr The result – a brand that is embedded in the hearts and minds of people as well as entrenched in India’s economic landscape. 2. Slow And Steady For Reliance Industries Limited, sustainability is the key to their growth in the market. Over the years, this company has grown from a textile manufacturer to a versatile conglomerate. reliance csr CSR has played a key role in its expansion. RIL has associated itself with NGOS, corporates, and trusts to promote sustainability. This has helped it turn into a brand that dominates not only the textile market but also other verticals like energy, petrochemicals, telecommunications, natural resources, and retail. A lot of the credit goes to RIL’s impact on society, with its healthy attitude towards nurturing the environment. 3.Loop People In On Your CSR Activity For an organisation to fully benefit from its CSR program, it is essential that its efforts are noticed by consumers. This image of a business that has the best interests of people and the planet at heart is one that is carefully cultivated over time through consistent action. For example, Procter & Gamble contribute INR 1 from every product they sell towards the education of unprivileged children. Since customers are made aware of this, they are enthusiastic about being involved in giving back in this manner. p&g csr By identifying with the brand and its CSR activities, consumers contribute towards its success in the market. Being a philanthropist is great, but being a well-known philanthropist puts you in the good books of prospective clientele. The bottom line is that CSR, when carried out strategically, casts a favourable light on your brand image. References: http://www.stephenzoeller.com/corporate-social-responsibility-and-brand/ http://www.forbes.com/sites/csr/2012/02/21/six-reasons-companies-should-embrace-csr/#3e0939294c03 http://www.huffingtonpost.com/entry/why-corporate-social-resp_b_9282246.html?section=india http://articles.economictimes.indiatimes.com/2014-03-31/news/48735569_1_csr-work-csr-projects-new-companies-act http://www.triplepundit.com/2013/03/brand-reputation-management/ https://en.wikipedia.org/wiki/Reliance_Industries http://listz.in/top-10-textile-companies-in-india.html http://www.ril.com/OurCompany/CSR.aspx Image References: http://www.flickr.com/photos/vintagefindings/9548058833/

4 Tips For Planning And Executing An Effective CSR Strategy

Corporate Social Responsibility has moved past being a mere obligation for most companies. With the increased integration of social media and Internet into our everyday lives, the actions of big multinationals have never been more closely scrutinised. This gives businesses additional incentive to be as creative and impactful with their CSR strategies as possible. The moral commitment to creating a better future for Earth and its citizens drives companies to come up with CSR strategies that create an actual impact. Looking for tips to create CSR strategies that not only elevate your social standing, but also alleviate society’s problems? Here are 4 that will enable you to improve your CSR game. 1.A Little Planning Goes A Long Way Unfortunately, the world today is plagued with a multitude of problems that seem to be growing in both number and seriousness over time. So, before setting out to do some good, you need to take a step back and indulge in extensive planning and research. csr areas The first step to this end would be identifying a cause or issue that resonates with the core values of your company. For instance, a business specializing in food supply should target the food scarcity faced by some parts of the world. Once you know which issue you want to focus on, create a comprehensive strategy that puts your available resources to the best possible use. This is also the part where you set a budget for your CSR activities. 2.Work With The Best After establishing your CSR objectives and plan, find advisers who specialize in the particular field you’re targeting. With their expertise and guidance, you’ll find it easier to implement your plans and strategies on a larger scale. Partner with NGOs and other not-for-profit organisations to take your CSR efforts to the next level. 3.Continued Focus Is Key corporate conscience csr Starting something and dropping it midway due to lack of interest and slow progress isn’t an advisable strategy for obvious reasons. The same applies to your CSR initiatives. Once you invest considerable effort and resources into a particular plan, stick with it and see it through. All you need is a little motivation and perseverance to make a substantial impact in the lives of the people you’re targeting. 4. Create A Synergy Between Work And Philanthropy While completely different things on their own, the company’s goals and their CSR efforts need to come together to work successfully. Businesses should ideally have a separate department focusing on CSR, but this doesn’t mean that regular employees should be left out of the fun. Make an effort to actively engage your employees and you’ll find that it’s much easier to make the world a better place. Follow these 4 tips and you’ll be well on your way towards a thriving CSR initiative. References: http://www.forbes.com/sites/csr/2011/04/26/the-five-elements-of-the-best-csr-programs/ http://www.csrwire.com/pdf/JustGoodBusinessCSRwireExcerpt.pdf Image References: http://www.bajajauto.com/our_csr_areas.asp http://www.assignmenthelpsite.com/corporate-social-responsibility/

All You Need to Know About LFA (Log Frame Analysis)

The ‘third party sector’, as it is commonly known, has evolved and found itself a stronger foothold in the society today. Over the years, NPOs have taken over important roles and been instrumental in forming a distinctive sector within civil society. They are engaged in almost all sectors of social life such as relief, rehabilitation, health, education, peace, human rights, environmental issues, etc. With the increase in the number of Non Profits in India, the competition is bound to be intense. Gone are the days when the approach of the NPOs was a relaxed one – in stark contrast to the meticulousness of the business houses. In the recent past, significant change has been witnessed throughout sectors thanks to India being one of the global players. The stress is on the third party as well- to evolve from the old methods of practice and find newer innovative approaches within the system. One of those constant asks has been to ensure the implementation of a sound monitoring & evaluation approach that will act as a guide to appraise a project at regular intervals. If all the NPOs adopt one such technique, the predicted outcome will be much closer to the final one. If not reflected correctly on paper, the substantial work carried forth by the NPOs impairs them instead of being of benefit. It prevents them from monetizing their effort for future projects, having accurate data pertaining to their previous work or sharing knowledge with other organizations in similar fields. Implementing a mechanism for M&E will reduce the complexity of a project management cycle. Though many NPOs tailor their own approaches, we can also consider a tool that has been widely and successfully used across countries for years now. ‘Logical Framework Approach’, a tool developed by US Agency of International Development (USAID) in the late 1960s, was designed to improve project planning & the evaluation system and also to address some of the following concerns: To reduce the vagueness of planning by defining a quantifiable objective to help monitor & evaluate the success of the project To have a clear definition of what needs to be achieved after the project completion How can LFA be useful? It is very crucial that the desired future situation is described in such a way that it helps to evaluate the project at regular intervals to ensure the success rate in relation to its objectives and the target groups. Therefore, Logical Framework Approach (LFA) can be termed as an aid to critical thinking because it helps produce a blueprint of the project as desired and states clearly the following: Structured project design: LFA provides a logical sequence, interlinking the individual steps in the design process. Objectively verifiable indicators: Indicators describe objectives in measurable “empirically observable” terms and provide the basis for performance measurement and project monitoring and evaluation. Transparency: It clearly states the reason for implementation of a certain project. Moreover, it answers questions like- what is the project expected to achieve and how. Risks: The LFA provides tools to clearly link causes and effects. It also assesses risk factors that are involved to ensure the success of the project. Flexibility: LFA can be edited and adapted to the changing conditions in relevance to the project. What it entails? Vardaan Log Frame Analysis LFA Though this is a matrix that helps to systemize a program, it is important to define and describe the program & activities in length before incorporating a logframe. This in turn will help to clearly fill the required rows & columns with higher efficiency. Moreover, one of the important features is that the tool is flexible as per the project needs. Therefore, logical framework is a way of thinking about development projects that enable us to summarize a project with the key components in a single page thereby establishing a methodical tool for M&E.

Where Philanthropy In India Stands Today

Philanthropy is nothing new in India; in fact, you could say that it’s been deeply ingrained in Indian culture since ancient times. Once upon a time in Kerala, the last question that every feudal landlord would ask before closing the main gate was, “Is there anyone left without supper?”. Although such incidents are quite uncommon in our present times, there are still many who constantly strive to give back to society.

Philanthropy – india

According to the India Giving Report published in November, 2012, as many as 836 million Indians—nearly 84% of the population—donate to charitable causes at least once a year. The same report found that philanthropy in India had the potential to soar in the next few decades. The 2013 CSR mandate has increased corporate contribution in the arena of social development, and today, a truly astonishing number of Indian companies are actively engaged in promoting causes. In light of all these facts, you might be keen to know more about the present state of Indian philanthropy. Let’s dig right in.

Young Entrepreneurs Slowly Take Centre Stage

In India, corporate philanthropy has traditionally been the forte of super-rich business families. The Tatas, for instance, established the JN Tata Endowment Scheme in 1892, which even today remains the foundation for the family’s philanthropic activities. But in recent years, an increasing number of entrepreneurs have taken up the reins and are today steadily promoting a variety of social causes. Naveen Tewari, the founder of InMobi, had a brilliant plan about 10 years ago; with the help of 100 alumni from his alma mater, the Harvard Business School, he raised about ₹32 lakhs in funding for a village near Mathura, Uttar Pradesh. A decade later, the village now has 3 schools, electricity and improved accessibility. Another formidable example is Atul Satija, a colleague of Mr. Tiwari who quit InMobi to launch a nonprofit organisation called Nudge Foundation. He set up this organisation by using ₹1.27 crore of his own money because he passionately believed in a cause. Nudge Foundation works with unprivileged Indians to helps them find employment. Mr. Satija intends to nudge people out of the cycle of unemployment by imparting useful life skills that can get them jobs.

High-Profile Philanthropists Try To Bridge The Economic Gap

The 2014 CSFB Global Wealth Databook states that 10% of Indians control nearly 75% of the country’s economy. In the midst of this staggering economic disparity, a few wealthy individuals have made incredibly large contributions that have raised eyebrows all over the world. Azim Premji, the Wipro Chairman, was recently listed as the ‘most charitable man in India’ by the Hurun Research Institute for the second year in a row. This stalwart has taken a giant leap of faith by transferring 12.5% of his holding in Wipro—worth $2.2 billion—to his nonprofit, the Azim Premji Foundation. This organisation is dedicated towards raising the quality and equity of education in India. Amit Chandra, the Managing Director of Bain Capital, understands the importance of tackling capacity challenges in the nonprofit sector. Today, all his donations are designated for this particular cause. He recently developed an array of viability support strategies for a skills-training centre that he’d sponsored. Anand Mahindra of the Mahindra Group also believes that poverty can’t be solved by simply giving away money; that’s why his philanthropic capital is set aside exclusively to help social enterprises scale up. Ratan Tata, Chairman Emeritus of the Tata group, is known for his philanthropic efforts. His approach is go straight to the root cause of India’s development issues. The Tatas have a number of nonprofit trusts that are constantly engaged in social welfare programs.

Increased Foreign Contribution

Philanthropy – Sharing good But it’s not just Indians who are proactively involved in national social reform. Many foreign organisations have made their contribution as well, chief amongst them being the Bill and Melinda Gates Foundation. This organisation began its work more than a decade ago in India with an initiative to battle the spread of HIV. Since then, the Gates Foundation has expanded its scope to deal with maternal and child health, sanitation and agricultural development. Other foreign business powerhouses like HP have created innovative CSR programs such as the one that promotes e-learning solutions in rural India. Corporate philanthropy in India has improved by leaps and bounds after the CSR Act in 2013. Even small to medium-sized companies are making their collective efforts to bring about effective change. Although there’s a lot left to be done, India today stands as a shining example to the rest of the world when it comes to philanthropy. References:

CSR And Sustainability: Splitting Hairs

People tend to use Corporate Social Responsibility (CSR) and sustainability interchangeably when talking about business. While there is some overlap between the two, there are differences as well. The overlap becomes apparent when you consider that many people talk about sustainability under the purview of CSR. CSR refers to an organisation’s choice to function ethically and make business choices that have a measurable impact on the lives of people and on the planet. A sustainable business, on the other hand, is one that is aimed at preserving resources and prioritising the company’s long-term plans.

Sustainability: In Perspective

Sustainability, as per the Brundtland Report, published in 1987 by the United Nations World Commission on Environment and Development, is ”development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” A sustainable approach not only has an impact on an organisation’s future, it also influences the company’s suppliers, its customers, and the world’s resources at large.

CSR and Sustainability

Sustainability influences the whole value chain that the company is involved in and chalks out a plan for the future by assessing and defining factors like waste generation and recycling, supply chain health, consolidating existing markets, and sustainably expanding into new markets. Unsustainable business practices lead to a weaker economy and have, in the past, resulted in the loss of livelihood for hundreds of thousands of people. In the long run, it doesn’t work for anyone involved and entire companies have simply fallen apart because of an unsustainable approach to business.

The CSR Theory

CSR is usually driven by an organisation’s push to improve their brand image in certain markets. It is also required by law in India when a company’s net worth touches INR 500 crore, it generates a turnover of INR 1000 crore, or accrues a net profit of INR 5 Crore. So, compliance is a huge driving force behind CSR initiatives. While CSR policies differ for each country. They primarily touch upon human rights, corporate governance, working conditions, health and safety, and contribution to economic development. CSR – Economic Development If CSR isn’t undertaken with a sufficiently robust long-term plan in place, it could turn into a liability for the company. Here’s an example. An oil-extraction organisation might provide necessities like schools and hospitals in return for a community’s resources. But these facilities require long-term investments and this might not be feasible for the company to provide. In this way, a plan to uphold the interests of exploited communities can quickly become unsustainable and turn into a liability. Balancing the demands of competing stakeholders is important for CSR programs, but these demands sometimes require utilising capital and resources that should instead be set aside for the future. Unless organisations factor in sustainability when defining the scope of their CSR activities, it could cause more problems than it solves. So, CSR can be viewed as a method to drive corporations towards transforming their practices and embracing sustainable development. Starbucks is a good example of sustainable CSR. The company supplements its coffee resources by assessing the social, environmental, and economic aspects of coffee production. Sustainability aims to make an organisation greener and more energy efficient while also looking out for the company’s long term trading interests. It’s a commitment towards the preservation of the environment and its resources. Organisations that incorporate the best of both CSR and sustainability into their practices stand to benefit from the perks of both, securing their future prospects while also improving brand image. References: Image References:

Swachh Bharat, Corporate Social Responsibility, And Indian Businesses

If you live in India, you’ve no doubt heard of the brainchild of PM Narendra Modi’s government, the ‘Swachh Bharat Abhiyan’ (English: Clean India Mission). Similarly, pretty much everyone in the corporate world has heard of CSR. With the advent of Swachh Bharat and related legislation, corporate establishments in India have embraced the concept of active social responsibility. Let’s take a closer look at Swachh Bharat and CSR in India. What You Should Know About Corporate Social Responsibility CSR is a corporate initiative by which companies assess and take responsibility for their impact on things like the environment and social welfare. It’s more than simple charity, and involves a shift in the company’s operations towards the objectives of social, environmental, and economic improvement. This policy works as a corporate conscience, where self-regulation is incorporated into the business model itself. CSR helps corporate institutions function within the spirit of the law, ethical standards, and international norms.

How CSR Is Connected To Swachh Bharat

The 2015 budget announced a 100% tax exemption for companies donating to the Swachh Bharat Kosh or getting involved in the Clean Ganga campaign. Based on the new Companies Act of 2014, companies with a net profit of INR 5 crore, a turnover of INR 1000 crore, or a net worth of INR 500 crore must invest at least 2% of profits in Corporate Social Responsibility schemes.

Swachh bharat

With the onus on them, corporate institutions have been responding by taking steps to improve conditions in areas like livelihood enhancement, rural development, setting up public libraries, development of traditional arts and crafts, and protection of national heritage. Response To The Swachh Bharat Call-To-Action Various top businesses have risen to the occasion and taken up their own corporate responsibility initiatives. Tata Consultancy Services (TCS) set aside INR 100 crore in 2015 to build a total of 10,000 school toilets for girls as part of the Swachh Vidyalaya Scheme (a part of the Swachh Bharat scheme). This was in response to Narendra Modi’s request on Independence Day, when he said, “I call upon the corporate sector to give priority to the provision of toilets in schools with your expenditure under corporate social responsibility.” Some other companies take up the awareness cause, as a lack of awareness is the major reason 60% of the sizeable Indian population still defecate in the open. The Adani Foundation, the non-profit wing of the Adani group, spreads awareness about the importance of toilets in villages. The company had also spent over INR 15 crore to supply materials for 4000 toilets in the 8 years leading up to 2015. Reliance Industries Limited (RIL) was the highest spender on CSR in 2015, with a whopping INR 760.5 crore spent on CSR activities. This was INR 454 crore above the mandated 2%. Most of this was spent on building hospitals like the Sir H N Reliance Foundation Hospital and the Dhirubhai Ambani Hospital. Coal India, TCS, and Infosys were among the other major CSR spenders in the nation. Most companies tend to invest in CSR activity around their area of operation, and states with a sizeable corporate presence such as Maharashtra, Gujarat, Delhi, Tamil Nadu, Karnataka, and Andhra Pradesh were the biggest beneficiaries. Some companies, like Axis Bank, chose to spread their CSR budget across the country. This spate of activity in the inaugural year of the Swachh Bharat-CSR relationship have shown that corporate India can do a lot to develop cleanliness, education, and other social standards across the nation. Image References: https://flic.kr/p/sdB1vf