Minister for Industries and Commerce, Chander Parkashrecently inaugurated various works under ‘Corporate Social Responsibility’ initiatives being undertaken by United Phosphorous Limited (UPL) at Vijaypur and Ramgarh. The initiatives which were dedicated to the public included, toilet facilities at Govt Higher Secondary Schools Vijaypur and Ramgarh constructed at a cost of Rs. 3.5 lakh.
In order to integrate concrete CSR commitments into corporate compliance programs, a company must establish how each commitment translates into performance requirements for the relevant business units and departments. The nature of these requirements may differ considerably depending on a company’s industry and operating context, and the extent and nature of their CSR commitments.
Globally there is a growing emphasis on employee volunteering. The “Giving in Numbers: 2016 Edition” annual survey on corporate community engagement surveyed 272 multi-billion dollar companies globally (including 62 Fortune 100 companies).
Successful Corporate Social Responsibility programs go beyond one-time donations or galas aimed at raising money for a cause. They involve an institutional commitment that starts in lines of business like operations, HR and marketing, and spread through an organization until CFOs and the board of directors understand the impact they can have on top and …
Despite incurring net losses to the tune of Rs.1,421 crore during 2015-16, Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant, does not want to compromise on its spending on Corporate Social Responsibility. The company spent Rs.8.75 crore on CSR during the last fiscal. During the first half of the current financial year, …
