ICEVBM Project Report On CSR Practices followed in ITC Submitted To: Submitted By: - Section J Ms. Rachna Madaan Akshay Seth(PG20102448) Pankaj Wahi(PG20102500) Introduction “We believe that are corporate strategy which embraces societal development as an integral part of our mission of wealth creation
Premium Sustainability Corporate social responsibility Social
(Spector‚ 2008 cited in Carroll and Shabana‚ 2010: 86)‚ Corporate Social Responsibility (CSR) has been becoming an increasingly influencing factor in corporate governance. KPMG (2008 cited in Du et al.‚ 2010: 13) indicates that the proportion of the 250 hugest enterprises in the world who annually release CSR reports has grown up from 50% in 2005 to 80% in 2008. Porter and Kramer (2006: 80) declare that CSR is more likely to be advantages such as ‘opportunity‚ innovation‚ and competitive advantage’
Premium Corporate social responsibility Social responsibility
THE BODY SHOP The Body Shop was founded in 1976 in Brighton (UK) by Anita Roddick.it now has now more than It changed the image of “Glamour and Beauty”. It brought about use of natural “exotic” products to cleanse and polish the skin & hair. Started new movements by refusing animal testing and being environmentally friendly “The business of business should not just be about money it should be about responsibility. It should be about public good‚ not private greed.” Anita Roddick. Core Values
Premium Animal testing Animal rights British Union for the Abolition of Vivisection
Unlike USA‚ Europe has developed a variety of policies‚ which are very scalable. After the fall of the Berlin Wall and once past the time when the polarity communism / capitalism dominated relations in Europe‚ CSR model of the unified Germany seemed to be mostly represented as the European specificity. Driven by Germany and adopted by many countries of the European Union‚ this approach is characterized by a desire to combine economic efficiency and social justice. German model grants the state and
Premium European Union Europe Germany
AkzoNobel Corporate social responsibility : Corporate social responsibility means that in addition to the pursuit of profit (profit) also takes into account the impact of your activities on the environment (planet) and that you have an eye for human aspects within and outside the company (people). It’s about finding a balance between people‚ planet and profit. More often it appears that this balance leads to better results for both the company and society. The question is does AkzoNobel think
Premium Ecological footprint Sustainability Social responsibility
INDIVIDUAL GUIDED READING Article Title | Freeman‚ R. (1984). Stakeholder management: framework and philosophy. Strategic management: a stakeholder approach. Chapter 3‚ | Article Summary | The article introduced the concept of “stakeholders” – group and individual who affect‚ or are affected by ‚ the achievement of an organization’s mission. The article then discussed how the stakeholder management framework can be used to better understand and manage both internal and external change and how
Premium Strategic management Organization Management
RELEVANCE OF 7ps OF MARKETING IN CSR CSR Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large 7ps of marketing. NEED Corporate social responsibility (CSR) as a company’s willingness to strike the right balance between profits and environmental protection‚ social progress and the
Premium Marketing
affordable nutrition to consumers in all segments of Indian society.” According to Nandu Nandkishore‚ Nestlé’s Executive Vice President (2012). However‚ there are three major arguments against Nestlé as well. The first topic is the unfriendly activities to the environment in term of the production of the company. According to the Greenpeace Blog
Premium Developing country India Sovereign state
Groups can be defined by either informal groups‚ or formal groups. Formal groups A formal group is set by an official authority or leader designed to complete a specific task or purpose and is strictly regulated by the organisations rules and practices. In a formal group responsibility of an outcome of a task is set usually to the leader‚ discipline and reward is mainly handed down to the leader via the organisation. A formal group is coordinated by activities shared between a number of people
Premium Organization Informal organization Formal organization
investors can impact the significance of Corporate Sustainable Responsibility (CSR) in business. Even though many surveys had been conducted to assess and boost businesses to be more sustainable‚ there is still a lack of evidence on the actual actions and effects.The complication of measuring social as well as environmental implication through a single standard has left CSR to be neglected. GRI is an example that encourages CSR but lacks conformity for reported results. This difficulty in measuring social
Premium Corporate social responsibility Social responsibility Corporation