CSR Partnership

Corporate Social Responsibility

Partnership for a Better Future

Corporate Social Responsibility (CSR) is a strategy undertaken by companies to not just grow profits, but also to take an active and positive social role in the world around them. To achieve such goals, companies and non-governmental organizations (NGOs) are joining forces.

Measurable results can be achieved through business-NGO partnerships, as long as they are designed and executed properly. Partnering with an NGO can help a company address issues that it may not have the expertise or resources to manage on its own.

CSR Partnership Scope

Scope of Work

There are many areas and communities in society unreached by any type of welfare. IDA Foundation will identify people and areas of society that need most attention and will be directly benefited by CSR activity through corporate partnership. IDA Foundation will provide necessary skills, expertise, reach and personnel to implement corporate initiatives by fulfilling CSR responsibilities.

CSR Time-Line

One year partnership including activity steps to conduct activities and projects such as team building, management training for staff, safety training, motivational and inspirational seminars, beautification of property, campus plantation, workshops, Swachhata Abhiyan project and many more activities month-wise, completing or executing 10 activities or projects in a year.

Evaluation of Needs of Society
Evaluation of Needs of Society
  1. 1 Partnership Proposal & Project Approval
  2. 2 Budget Approval
  3. 3 Contract
  4. 4 Project Execution
  5. 5 Project Report Submission
  6. 6 CSR Funds Payment as per Schedule
Beneficiaries Welfare
CSR Concepts
Philanthropic Responsibilities
Ethical Responsibilities
Legal Responsibilities
Economic Responsibilities
Areas of CSR
01
Corporate Governance
02
Human Rights
03
Labour Practices
04
Environment
05
Fair Operating Practices
06
Consumer Issues
08
Development of Local Communities
Responsibilities of Corporations

Environmental Responsibilities

  • Convention on biodiversity, ex situ and in situ conservation, and use of genetic material and technology transfer.
  • Use and handling of genetically modified organisms.
  • Greenhouse gas emissions and global warming.
  • Soil and water contamination.
  • Treatment and reduction of waste water.
  • Eco-efficiency.
  • Recycling and reuse of materials, and protection of forest resources.

Social Responsibilities

  • Labour rights including non-discrimination, equal opportunities, minimum wages, health and safety.
  • Right to work and protection against unjustified dismissals.
  • Right to hold opinions and freedom of expression, thought, conscience and religion.
  • Right to privacy including protection from surveillance and misuse of personal information.
  • Cultural rights, political participation and right to family life.

Economic Responsibilities

  • Financial profit, economic growth and asset creation.
  • Economic impact through business processes such as outsourcing and local investment.
  • Monetary support for political parties.
  • Stock exchange activities including insider trading.
  • Economic regulation and tax incentives.
  • Intellectual property rights, patents and trademarks.
  • Antitrust, competition, state contracts and subsidies.
Current CSR Activities Under Act 2013
Section 135 | Schedule VII

The Companies Act, 2013 recognizes CSR activities that address national development priorities and community welfare. IDA Foundation can support corporate partners in planning and implementing eligible activities across the following focus areas.

Health, Hunger and Sanitation

Eradicating hunger, poverty and malnutrition, promoting preventive healthcare, sanitation, safe drinking water and public health awareness.

Education and Skills

Promoting education, special education, vocational skills, livelihood enhancement and learning opportunities for children, women, elderly people and persons with disabilities.

Equality and Social Care

Promoting gender equality, women empowerment, care homes, hostels, senior citizen support, day care centres and measures for reducing inequalities.

Environment and Sustainability

Ensuring environmental sustainability, ecological balance, animal welfare, conservation of natural resources and protection of soil, air and water quality.

Heritage, Sports and Communities

Protecting national heritage, art and culture, supporting traditional arts and libraries, training for sports, rural development and slum area development.

Relief, Research and Welfare Funds

Supporting disaster management, relief and rehabilitation, armed forces welfare, recognized public welfare funds, incubators and eligible research projects.

Benefits of CSR

Attracts Talent

CSR can make organizations look more attractive to applicants and prospective employees.

Builds Company Culture

CSR initiatives help employees connect their own future and success with the company's success.

Enhances Relationships

CSR strengthens relationships with stakeholders and differentiates the organization from competitors.

Wins New Businesses

Socially responsible organizations can enhance brand equity, sales, profits and goodwill.

Increases Media Coverage

Purposeful CSR work improves public visibility and highlights responsible corporate action.

Employee Retention

CSR initiatives increase employee intentions to stay and open the door to improve skills and leadership potential.

Partnership for a Better Future

Inclination towards social responsibility & contribution to sustainable development is fast becoming the mark of distinction for global brands.

Mallen Baker-writer, speaker and CSR expert-defines Corporate Social Responsibility as a strategic act, "a way companies manage the business processes to produce an overall positive impact on society." Integrating social, environmental and ethical responsibilities into the governance of businesses ensures their long term success, competitiveness and sustainability.

India has become the first country to mandate CSR; the ministry of corporate affairs has notified Section 135 and schedule VII of the Companies Act 2013, which includes the provisions of the Corporate Social Responsibility Policy to come into effect from April 2014. By the effect of which every company which either has a net worth of Rs 500 crore or a turnover of Rs 100 crore or net profit of Rs 5 crore, needs to spend at least 2% of its average net profit of preceding three years on social responsibility activities.

CSR- Fulfill the CSR goals with IDA Foundation by supporting high-impact programmes and activities in education, environment, sanitation, hygiene, health, healthcare, skilling, counseling (career and psychological and motivational), women empowerment and many more.

Why Join IDA As A Partner?

BENEFITS OF CORPORATE

  • Inclination towards social responsibility is fast becoming the mark of distinction for global brands. CSR shows a company's dedication to sustainability, philanthropy, and community engagement. Customers like to do business with socially responsible organizations and enhance brand equity by boosting sales, profits, and goodwill.
  • Companies can achieve the CSR goals with IDA Foundation by supporting high-impact programmes and activities in education, environment, sanitation, hygiene, health, healthcare, skilling, counseling (career and psychological and motivational), women empowerment and many more.
  • CSR can make organizations look more attractive to applicants and prospective employees. Employees often prefer to work for companies that demonstrate a commitment to social responsibility.

BENEFITS OF EMPLOYEES

  • Organization's CSR initiative increases employee's intentions to stay with the company and they see their own future and success tied to company's success.
  • CSR Activities opens the door to improve skills and even realize untapped leadership potential of employees.

BENEFITS OF SOCIETY

Economic Development

CSR initiatives often focus on creating employment opportunities, promoting local entrepreneurship, & investing in infrastructure development. These actions contribute to the economic growth & stability of local communities thus reducing poverty levels.

Social Welfare

CSR programs can directly address social issues such as education & healthcare. By supporting education initiatives, companies enable access to quality education, empowering individuals and improving their prospects for a better future. Similarly, healthcare initiatives provide vital medical assistance, improving the overall well-being of communities.

Environmental Sustainability

Many CSR initiatives prioritize sustainable practices & environmental conservation. By reducing their carbon footprint, companies contribute to protecting natural resources, & preserving the environment for present & future generations.

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