- Corporate Social Responsibility (CSR) is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.
- In Bharat, CSR has traditionally been seen as a voluntary/philanthropic activity and is about
- Institutional building
- Community development
- Sustainability and much more…
- CSR has been made mandatory by Companies Act-2003, with the following financial parameters during a financial year (FY):
- Net worth of Rs.500 crore or more, or
- Turnover of Rs.1000 crore or more,or
- Net profit of Rs.5 crore or more
- The spend towards CSR to be at least 2% of the average net profits every FY.
- Surplus from CSR is to be reinvested into CSR.
- Companies can invest into CSR by
- Spending directly on its own
- Setting-up its own non-profit organization
- Collaborating or pooling resources with other companies
- Independently registered non-profit organizations that have a track record of at least 3 years in such activities
- Submit the proposals to CSR team in your companies
- Arrange a visit volunteers from your company to seva projects
- Interaction with philanthropists
- Interacting with salaried employees – monthly contributions
- Interacting with directors, key personnel in companies
- Highlight key projects like Tapas and GramaVikas in your circles. Get sponsors for these projects.
- Other social contributors to be tapped
Phone : 9900227382
E-mail : [email protected]