Corporate social responsibility (CSR)
Our Strength is a national organization working to end childhood hunger in the India. Share Our Strength holds culinary events, solicits individual donations, and uses social media to raise funds, which are then used to fund long-term solutions to the hunger problem. Through corporate sponsorships, funds that Share Our Strength raises are then significantly magnified.
1. Responsibility towards Society
- Carrying on business with moral & ethical standards.
- Prevention of environmental pollution.
- Minimizing ecological imbalance.
- Contributing towards the development of social health, education
- Making use of appropriate technology.
- Overall development of locality.
2. Responsibility towards Government
- Obey rules & regulations.
- Regular payment of taxes.
- Cooperating with the Govt to promote social values.
- Not to take advantage of loop holes in business laws.
- Cooperating with the Govt for economic growth & development.
3. Responsibility towards Shareholders
- To ensure a reasonable rate of return over time.
- To work for the survival & the growth of the concern.
- To build reputation & good will of the company.
- To remain transparent &accountable.
4. Responsibility towards Employee
- To provide a healthy working environment.
- To grant regular & fair wages.
- To provide welfare services.
- To provide training & promotion facilities.
- To provide reasonable working standard &norms
- To provide efficient mechanism to redress worker’s grievances.
- Proper recognition of efficiency & hard work.
5. Responsibility towards consumers
- Supplying socially harmless products
- Supplying the quality, standards, as promised.
- Adopt fair pricing.
- Provide after sales services.
- Resisting black-marketing &profiteering.
- Maintaining consumer’s grievances cell.
- Fair competition.
6. Nature of social responsibility
- CSR is normative in nature.
- CSR is a relative concept
- CSR may be started as a proactive or reactive.
- All firms do not follow the same patterns of CSR.
- Legal & socially responsible.
- Legal but socially irresponsible.
- Illegal but socially responsible.
- Illegal & socially irresponsible.
7. CSR Principles & Strategies.
- Respect for human rights.
- Respect for the differences of views.
- Diversity & non-discrimination should be the guiding principle.
- Make some social contribution.
- Enter into e dialogue
- Self-realization & creativity.
- Fair dealings & collaboration.
- Feedback from the community.
- Positive value - added
- Long term economic & social development.