Corporate Social Responsibility (CSR) is a managerial principle in which companies incorporate social and environmental considerations into their business activities and engagements with stakeholders. CSR is commonly viewed as the method by which a company harmonizes economic, environmental, and social objectives using this Triple-Bottom-Line approach, all while meeting the expectations of shareholders and stakeholders. This approach aims to measure and optimize a company's performance not only in terms of financial profit (economic) but also its impact on the planet (environmental) and its contributions to social well-being (social).
Job Booster’s Corporate Social Responsibility (CSR) Advisory Services, works towards assisting and guiding Corporates, Institutions and Businesses to integrate the mandatory CSR activities into their business models, to build sustainable corporate self-regulation. CSR in India has evolved from just the philanthropic space, to Institution Building and Community Development, through projects with local and global influences.
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The drivers of Corporate Social Responsibility (CSR) are the motivations that lead companies to adopt socially responsible practices. Key drivers include good corporate governance, ethical considerations, the desire to enhance reputation and brand image, meeting stakeholder expectations, legal compliance, risk management, seeking a competitive advantage, engaging and retaining employees, fostering innovation, and pursuing long-term financial success.
At Job Booster, we offer a comprehensive suite of CSR services, including:
Corporate Social Responsibility (CSR) involves the integration of ethical practices and social considerations into a company's operations. It encompasses corporate governance, which is the system by which organizations are directed and controlled. Internal stakeholders, such as employees and management, play a crucial role in shaping and implementing CSR initiatives. External stakeholders, including customers, communities, and investors, also influence and are influenced by a company's CSR practices. Job Booster ensures the effective integration of CSR with corporate governance to ensure that the interests of both internal and external stakeholders are considered, contributing to sustainable and responsible business conduct.
Through our expertise, Job Booster assists clients to build a moral & ethically responsible brand image. Our clients stand to benefit from that social identity, as such activities help their brand to become more empathetic. From financial improvements to enhanced operational efficiency, we empower our clients to fulfil both corporate governance and societal obligations. This not only enhances your brand's reputation but also fosters trust among your stakeholders.
Sustainable Development Goals (SDGs) are a set of 17 global goals established by the United Nations in
2015 to address various social, economic, and environmental challenges across the world. The UN SDGs aim
to promote sustainable development and improve the well-being of people worldwide by 2030.
CSR and SDGs are currently being implemented independently within the business world. The SDGs are
formulated to address present and future requirements, aligning with short-and long-term CSR visions.
The SDGs fulfil all four CSR objectives outlined by the UN, emphasizing well-being, harm prevention, and
voluntary actions to aid others in a multidimensional and comprehensive fashion. Through the formulation
of an integrated framework, Job Booster can help your organization merge CSR and SDGs to
(1)
assist in safeguarding the environment, society, and economy, and
(2) enhance profitability and organizational development.
Partner with Job Booster and align your CSR strategies with global benchmarks based on the UN SDGs.
The intersection of SDGs and CSR involves leveraging business activities to achieve both financial
success and positive social impact. As a CSR foundation, Job Booster play a vital role in addressing
global challenges outlined in the Sustainable Development Goals (SDGs), by helping companies align their
missions with efforts towards:
Addressing Social Issues
Job Booster’s CSR Advisory team, together, have over 100 years’ worth of combined CSR Experience. They have worked on project levels, from local to international, and assisted in transforming Corporate CSR projects, of many large companies, like Adani, Tech Mahindra, HDFC, PSA, Wells Fargo, etc.
In accordance with Section 135 of the Companies Act, 2013, corporations are obligated to fulfill specific CSR requirements. These regulatory mandates entail the establishment of a Board-level CSR committee, the meticulous planning and approval of annual CSR activities, and the diligent oversight of their implementation. The Act places a significant onus on the Board of Directors, outlining explicit and mandatory governance requirements for CSR initiatives. While some companies may perceive CSR as a regulatory burden, treating it merely as a checkbox exercise could expose organizations to a spectrum of fraud risks. These risks, arising from inadequate due diligence and monitoring, underscore the importance of a proactive and comprehensive approach to CSR compliance.
These apply to companies meeting any one or more of the following criteria:
There are several pre-conditions for Corporate Social Responsibility (CSR) activities, including:
At Job Booster, we specialize in helping businesses navigate the CSR legal landscape outlined in the Companies Act, 2013, ensuring seamless adherence to CSR regulations. While CSR and Corporate Sustainability activities are generally viewed as a difficult task imposed by Government regulation, approaching CSR without due process, may expose any organization to the risk of fraud & loss, arising from ineffective due diligence and poor monitoring. Reach out to us to know where your exposure to this risk may lie, how best we can assist in mitigating those risks, & facilitate you in developing a robust roadmap to effectively deliver a CSR implementation plan.
