CSR CONCEPT & VALUE APPROACH : CSR CONCEPT & VALUE APPROACH INDEX: INDEX INTRODUCTION UNDERSTANDING CSR 3P’S IN CSR IMPORTANCE / BENEFITS KEY DRIVERS INITIATIVES VALUE APROACH BASE CHART EXAMPLES OF CSR DONATIONS & CHARITIES AGENCIES CONCLUSION Slide 3: INTRODUCTION & MEANING OF CSR Do Green Practices : Do Green Practices LEAD FREE PRODUCTS : LEAD FREE PRODUCTS Slide 8: What We Are Doing? Leather Products Manufacturing : Leather Products Manufacturing Slide 10: Eco Friendly Products Corporate Social Responsibility: Corporate Social Responsibility Today’s success mantra – triple bottom line “People, Planet & Profit” 3P’s 11 People’s Car: People’s Car 1 St P 12 Slide 13: 13 2 nd P Planet Ecology Energy Existence Slide 14: 3 rd P 14 Profit IMPORTANCE /BENEFITS OF CSR : IMPORTANCE /BENEFITS OF CSR • Stronger performance and profitability • Improved relations with the investment community and access to capital • Enhanced employee relations and company culture • Risk management and access to social opportunities • Stronger relationships with communities and legal regulators POTENTIAL BUSINESS BENEFITS: POTENTIAL BUSINESS BENEFITS Human resources Risk management Brand Differentiation License to operate Social awareness and education Slide 17: Enlightened self-interest - creating a synergy of ethics, a cohesive society and a sustainable global economy where markets, labour and communities are able to function well together. Social investment - contributing to physical infrastructure and social capital is increasingly seen as a necessary part of doing business. Transparency and trust - business has low ratings of trust in public perception. There is increasing expectation that companies will be more open , more accountable and be prepared to report publicly on their performance in social and environmental arenas . Increased public expectations of business - globally companies are expected to do more than merely provide jobs and contribute to the economy through taxes and employment. KEY DRIVERS OF CSR INITIATIVES: I NITIATIVES Awareness raising, awards and ethical initiatives Exchange of knowledge: best practices, networks, pilot projects Standardisation and certification Innovative partnerships, NGOs - public/private Reporting (external) and communication Ethical trade initiatives (fair trade) Financial sector involvement and financial incentives VALUE APPROACH BASE : VALUE APPROACH BASE ETHICAL RESPONSIBILITES SOCIAL RESPONSIBILITIES LEAGAL RESPONSIBILITIES ECONOMIC RESPONSIBILITY Slide 20: VALUE APPROACH OF CSR EXAMPLES OF CSR: DONE RIGHT: EXAMPLES OF CSR: DONE RIGHT Molson Coors & responsible drinking Tyson Foods & hunger relief Haagen-Dazs & honeybee preservation Greenopolis & recycling Donations & Charities: Donations & Charities 22 Amir Khan donated a whole village after making the movie ‘ Lagaan ’ to the Gujarat people of Kunariya in Kutchh …..HAVE DONATED $100k OR MORE THAN IN A YEAR: …..HAVE DONATED $100k OR MORE THAN IN A YEAR 23 AGENCIES OF CSR VALUE APROACHES: AGENCIES OF CSR VALUE APROACHES Institute of Business Ethics (IBE) The Council for Industry in Higher Education (CIHE) The Chartered Institute of Personnel and Development (CIPD) Environment Agency Price water house Coopers (PwC) Slide 27: What can we do?