CSR in Business
CII CSR policy for industry
- Company will strive to follow responsible business practices
- Company will be deeply committed towards its employees, their families and communities around its operations including its supply chains to improve quality of life as a whole
- Company will extend their business processes and have non-financial goals to preserve biodiversity, conserve the environment, work with communities to enrich surroundings
- Company will partner with other stakeholders including government, development agencies, NGOs, the people to contribute positively towards economic and human development of their cities and villages
- Company will also strive to constantly build their organizational capabilities, like any other competency, position suitable people and support well designed programs to strengthen its outreach to its people, particularly the underprivileged
- Company will encourage and recognize their employees for volunteering in the community in the spirit of serving and by sharing expertise / skills and for helping the vulnerable
Social Code for Business
In recent years, the concept of Corporate Social Responsibility has emerged as an increasingly important feature of the business philosophy. No longer is business seen as basing its decisions solely on economic criteria. Businesses are now expected to consider the ethical, moral and social impact of their actions and decisions. A corporate that is sensitive to the surroundings and to the needs and aspirations of the community in which it operates not only creates goodwill and a strong market for Its business, but also helps support a sustainable neighbourhood. We list here a set of principles and standards for good corporate citizenship for voluntary adoption. Concern, understanding and responsibility are the essence of this set of principles.
- The Company affirms the interdependence of its enterprise with the well being and self-reliance of the community. This can be done by adopting an Article of Association on corporate Social Responsibility (CSR) that advocates harmonising of economic progress with social and environmental considerations.
- The Company has a specific written policy statement on CSR (social & environmental) which is in the public domain.
- The Company has an explicit strategy on social and environmental issues that can be seen in the form of an Annual Work Plan mainstreamed with its business process.
- The Company has Included CSR as part of its corporate communications Including news-letters and there is reporting on CSR in the Company's Annual Report
- The Company has a senior executive under the CEO responsible for CSR and managerial level officers tasked specifically with social and environment work. The CEO reviews the CSR programmes twice in a year.
- The Company ensures equal access to employment and promotion opportunities across gender and cultures through policies and programmes.
- The Company has allocated specific resources for CSR activities and has monitoring systems to tack Implementation process and impact.
- The Company demonstrates its CSR by prudent an enabling environment for employees to volunteer that includes recognition and accounting for volunteer time
- The Company is committed to document Its learning experiences in terms of human achievements, contribution to the community, the learning for all stakeholders for sharing with local governments and development agencies.
- The Company is also known for the partnership it builds with various development players in the field to synergise all available opportunities to bring about holistic development of the local community.
- The Companies to expand the scope of learning from each other in their role of being good corporate citizens by way of exchanging data, views, implementation procedures and even exchange of expert personnel whenever necessary.
