scholarly journals Corporate Social Responsibility: Is the CSR Law Serving the Purpose it Should Be?

2022 ◽  
pp. 56-66
Author(s):  
GARIMA AGARWAL
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Raw Material ◽  
Environmental Resources ◽  
Corporate Sector ◽  
Employment Generation ◽  
The Government ◽  
Corporate Social ◽  
The Impact

Corporate Social Responsibility (hereinafter “CSR”) had emerged as a means to hold companies and organisations accountable for the impact of their actions and operations on society. The idea behind CSR is that Business Organisations generate profits by utilising the community and environmental resources by way of labour and raw material, and so must return at least some part to society by way of quality products, employment generation, and so on. CSR has come a long way from being merely a concept of philanthropy to a mandatory law in India. The paper is an analysis of whether the CSR law has been able to serve the purpose for which it was enacted. It seeks to look into whether or not CSR should have been made mandatory at all. This paper questions the need for a CSR law in India or if it instead works as a mechanism agenda for the government to shift its responsibilities (towards the community) to the corporate sector.

Mandatory corporate social responsibility in India: reporting reality, issues and way forward

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Pawan Taneja ◽  
Ameeta Jain ◽  
Mahesh Joshi ◽  
Monika Kansal
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Mandatory Reporting ◽  
Content Type ◽  
Csr Reporting ◽  
Reporting Requirements ◽  
Expectation Gap ◽  
The Government ◽  
Corporate Social ◽  
The Impact

Purpose Since 2013, the Indian Companies Act Section 135 has mandated corporate social responsibility (CSR) reporting by Indian central public sector enterprises (CPSEs). CSR reporting is regulated by multiple Government of India ministerial agencies, each requiring different formats and often different data. This study aims to understand the impact of these multiple regulatory bodies on CSR reporting by Indian CPSEs; evaluate the expectation gap between regulators and the regulated; and investigate the compliance burden on CPSEs. Design/methodology/approach An interview-based approach was adopted to evaluate the perspectives of both regulators and regulated CPSEs on the impact of the new regulations on CSR reporting quality. The authors use the lens of institutional theory to analyse the findings. Findings Driven by coercive institutional pressures, CPSEs are overburdened with myriad reporting requirements, which significantly negatively impact CPSEs’ financial and human resources and the quality of CSR activity and reports. It is difficult for CPSEs to assess the actual impact of their CSR activities due to overlapping with activities of the government/other institutions. The perceptions of regulators and the regulated are divergent: the regulators expect CPSEs to select more impactful CSR projects to comply with mandatory reporting requirements. Originality/value The findings of this study emphasise the need for meaningful dialogue between regulators and the regulated to reduce the expectation gap and establish a single regulatory authority that will ensure that the letter and spirit of the law are followed in practice and not just according to a tick-box approach.

scholarly journals Faktor-Faktor Pendukung & Penghambat Implementasi Program Corporate Social Responsibility dalam Membantu Kehidupan Masyarakat Sekitar Perkebunan

PERSPEKTIF ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 171-179
Author(s):  
Rizka Rahmah Hidayati ◽  
Badaruddin Badaruddin ◽  
R. Hamdani Harahap
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Community Empowerment ◽  
Corporate Management ◽  
Private Company ◽  
The Government ◽  
Operational Activities ◽  
Infrastructure Maintenance ◽  
Corporate Social ◽  
The Impact

This research aims to analyze the supporting & barrier factors of the implementation of corporate social responsibility program of PT. PP London Sumatra Indonesia, Tbk in helping the lives of the people around Bagerpang Plantation, Deli Serdang Regency - North Sumatra Province. Research methods are carried out with a qualitative approach using data collection techniques through interviews and field observations. The informants in this study consisted of CSR program recipients, corporate management who handle CSR departments and local village government apparatus. The research site covers Bagerpang estate which consists of 7 divisions / villages in 3 sub-districts namely Galang, Bangun Purba and STM Hilir. The results showed that PT. PP London Sumatra Indonesia, Tbk as a private company in the field of agro industry participated in assisting the government in development through the implementation of CSR programs as a form of social responsibility to the community and the environment for the impact sparked by its operational activities. PT. PT. PP London Sumatra Indonesia, Tbk has implemented CSR practices in several areas of work, namely education, health, infrastructure maintenance, social and religious and populist economic efforts. Researcher also introduced several supporting and barrier factors of the success and effectiveness of CSR implementation. The conclusion of this research is that the company is still focusing its CSR implementation goals and objectives on improving the quality of life of employees and their families not yet on the level of community empowerment._________________________________________________________________________

Corporate Social Responsibility in Emerging Economies

2020 ◽  
pp. 263-273
Author(s):  
Ayesha Khatun ◽  
Sajad Nabi Dar
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Rural Areas ◽  
Policy Making ◽  
Corporate Sector ◽  
Low Literacy ◽  
Medical Facilities ◽  
The World ◽  
The Government ◽  
Corporate Social

India, a developing and the second largest populated country in the world after China, is characterized by many burning issues like unemployment, low literacy, lack of modern medical facilities mainly in rural areas, lack of connectivity of the rural areas with the mainland cities, and the like. Although government has been working on all these issues and has been very much successful, it is not possible for the government alone to solve all the issues in such a vast populated country in a desired period of time. Amidst such situation, it is the corporate sector that can play a bigger role in the development of the society through its CSR initiatives. This chapter attempts to study corporate social responsibility, its role and issues in a developing country with special reference to India. The findings show that lack of understanding, inadequately trained personnel, lack of proper policy making, lack of participation of the local people, and so on affects the reach and effectiveness of CSR programs in India.

scholarly journals Monitoring and evaluation of corporate social responsibility programmes in South Africa

2015 ◽  
Vol 5 (4) ◽  
pp. 314-318
Author(s):  
Renitha Rampersad
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
South African ◽  
Sustainability Reporting ◽  
Monitoring And Evaluation ◽  
Fiduciary Duty ◽  
The South ◽  
Corporate Sector ◽  
Corporate Social ◽  
The Impact

The South African corporate sector invests millions to support community development and social programs. One of the more fundamental issues about sustainability in a business context is the fact that directors have a fiduciary duty to take into account interests of those stakeholders other than investors/shareholders. This therefore places major importance on sustainability reporting through reports on governance, economic, social and environmental performance and is increasingly being regarded as a key form of stakeholder engagement, and the most accepted formal way of communicating measured outcomes to all stakeholders. A number of methodologies may exist for the development of Corporate Social Responsibility (CSR) strategies or “how-to guides” for community engagement and investment, however, it lacks development in the field of CSR Programme Evaluation. Integrated approaches to the measurement thereof are still in expanding stages of development and statistical data and/or empirical evidence is lacking at this point. Trust and relationships take time to build but are valuable assets, therefore a company must show it has listened and acted in response to stakeholder concerns, this means that ongoing communication and reporting back to stakeholders is a very important component in any engagement strategy. It is therefore important for the corporate sector to not only evaluate the effectiveness of their CSR Programmes, but also to measure the impact on both their beneficiary communities and their business and subsequently on the Return on Investment (ROI). This paper will highlight a case of the South African corporate sectors attempts to evaluate its effectiveness and impact on beneficiary communities and how they quantify the impact of the investment through successful CSR interventions

scholarly journals Competitiveness Analysis of Indonesian Banking Industry Based on Corporate Social Responsibility Impacts

2021 ◽  
Vol 07 (08) ◽  
Author(s):  
Lindiawati . ◽  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Government Regulation ◽  
Word Of Mouth ◽  
Banking Industry ◽  
Business Impact ◽  
The Government ◽  
Corporate Social ◽  
The Impact

Corporate Social Responsibility (CSR) has been becoming more attention for both companies and consumers. People are more aware of giving consideration on what companies have been doing for public as the representative of their responsibilities, and they use this to make buying decision and producing word-of-mouth. Corporate Social Responsibility has also been involved in banking industry since bank is an industry that is considered fragile or very easy to be affected by publis psychology leading bank customers then rush during a negative issue impacting the bank industry. By the government regulation pushing the banks to implement CSR, the kinds of CSR activities must reflect what banks wanth to achieve. Based on some studies on CSR impacts, it has been identified that the impact of CSR activities can be classified into four categories namely: phylanthophy, promotion, business impact, and mindset change. By knowing the map of the banks’ CSR activities based on those four categories, it can be concluded the competitiveness of the bank especially from the perspective of their social exposures. The result shows There are four banks that have well implemented CSR in term of that they have many CSR activities and whose impact levels are high. Three of of the four banks, have completed CSR whose impacst are complete, namely philanthropy, promotion, Business Impact, and Mindset Change.

scholarly journals CORPORATE SOCIAL RESPONSIBILITY IN HEALTH SECTOR: A CASE STUDY IN THE GOVERNMENT HOSPITALS IN MEDAN, INDONESIA

2018 ◽  
Vol 19 (0) ◽  
pp. 25-36 ◽  
Author(s):  
Arlina Nurbaity Lubis
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Health Sector ◽  
Patient Loyalty ◽  
Government Hospitals ◽  
The Government ◽  
Private Corporations ◽  
Corporate Social ◽  
The Impact

Contemporary society demands that every organization operate with a sense of social responsibility. Many organizations now include corporate social responsibility (CSR) activities in their work programs. In the health sector, however, the role of CSR has not been studied as intensively as in private corporations because the services provided by the health sector are already valued as directly serving humanity. This research aims to evaluate the impact of CSR on the health sector, specifically on government hospitals. This model was developed by analyzing the influence of CSR on hospital reputation, customer loyalty, and hospital values. By answering questionnaires, a total of 200 hospital patients from four government hospitals participated in the study. The proposed model was evaluated using path analysis with AMOS tools. The results of this study provide empirical evidence that overall, CSR positively affects the reputation of the hospital, patient loyalty, and hospital value. Although there is a direct negative effect of CSR on hospital value, the larger influence of indirect effect that occurs through the mediating role of reputation and patient loyalty variables shows that CSR is able to increase the hospital value. Practically, these results imply that CSR should be applied as a strategic tool in improving the value of the hospital.

scholarly journals Relationship between Corporate Social Responsibility Performance and Systematic Risk—A Case Study of A-share Listed Chinese Companies

2021 ◽  
pp. 66-76
Author(s):  
Chih-Yi Hsiao ◽  
Xue Lin ◽  
Ke-Ke Cen ◽  
Wan-Ping Zheng
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Systematic Risk ◽  
Ordinary Least Squares ◽  
Global Reporting Initiative ◽  
Systematic Risks ◽  
The Government ◽  
Corporate Social ◽  
The Impact ◽  
A Share

Taking the A-share listed companies in the 2018-2019 Environment, Social and Governance (ESG) rating by the China Alliance of Social Value Investment (CASVI) as samples, we analyze the impact of Corporate Social Responsibility (CSR) performance on the current systematic risk and its deferred effect. By using quantile regression and the ordinary least squares (OLS) for cross-comparison, we find that 1) for high-risk companies, the current performance of CSR can help reduce systematic risks, and 2) for low-risk companies, the more progress they make in CSR performance but do not disclose social responsibility information according to the global reporting initiative (GRI) guideline, the more systematic risks they will encounter; if they proactively disclose such reports, however, they may reduce systematic risks. Based on our findings, we propose the following measures: 1) the government should properly guide economic development; 2) companies should actively disclose CSR reports so as to achieve a win-win result for both the companies and their stakeholders; 3) investors should consult social responsibility information to make rigorous investment plans, before making investment decisions.

scholarly journals Expanding the Scope of Corporate Social Responsibility (CSR): Strategizing Skill Development in the Indian Scenario

2018 ◽  
Vol 17 (2) ◽  
pp. 21-38 ◽  
Author(s):  
Anupama Sadasivan
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Skill Training ◽  
Large Population ◽  
Corporate Sector ◽  
Public And Private ◽  
The Government ◽  
Proactive Measures ◽  
Public And Private Sector ◽  
Corporate Social

India is transitioning demographically with a large population of youngsters. To harness this population trend into a „demographic dividend,‟ it is essential to enhance the skill level of our youth. The Government of India (GoI) has taken many proactive measures in this regard. „Skill India Campaign‟ is one such measure. Though India‟s corporate sector has also been contributing to skill training through its Corporate Social Responsibility (CSR) initiative, the efforts have been few and far between. The first part of this paper explores the Skill scenario of India, and the role played by both Public and Private sector to address the current skill gap. The second part of the paper suggests a possible solution to address the „skill gap‟ through a proactive Public-private partnership (PPP) by implementing a remodelled CSR strategy. Government and corporate sector can work together in the skill training arena through CSR and make it a mutually beneficial, sustainable activity to develop India into a “skill capital” of the World. The potential advantages of such a partnership for each player involved are also explored in detail in this part.

scholarly journals Is Institutional Environment the Only Force Behind Corporate Social Responsibility Disclosure? An Insight into Indian Companies

2020 ◽  
Vol 13 (1) ◽  
pp. 34-62
Author(s):  
Aparna Bhatia ◽  
Megha Mahendru
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Institutional Environment ◽  
Future Research ◽  
Specific Reference ◽  
Corporate Sector ◽  
Factors Affecting ◽  
Csr Disclosure ◽  
Corporate Social ◽  
The Impact

Purpose: Companies Act, 2013, has brought a revolution in the regime of corporate social responsibility (CSR) disclosure in India, making it a mandatory practice for the corporate sector. The purpose of this article is to examine the impact of statutory provisions on the extent of CSR disclosure in India. Design/methodology/approach: This article considers an effective sample of 144 companies selected on the basis of average market capitalisation. The study relates to the year 2015–2016, which represents the time period when companies started reporting CSR issues mandatorily. CSR disclosure scores are calculated by using content analysis. Both univariate and multiple regression models are applied to check the effect of statutory provisions on CSR disclosure. Findings: The results indicate that variables namely NETWORTH, TURNOVER and DOMESTIC dummy have positive and statistically significant impact on CSR disclosure scores. However, TOBINSQ, representing profitability of companies, has negative and statistically significant impact on CSR disclosure scores, thus leading to anxious results. Research limitations/implications: Factors affecting CSR disclosure score have been selected on the basis of new statutory provisions introduced by the Ministry of Corporate Affairs. Certain other vital attributes, especially related to corporate governance variables, too can be controlled for so that results have strong implications for companies. Practical implications: The empirical findings of this article implicate that institutional setup of a country has a strong bearing on the disclosure practices of the corporate sector. Thus, the authors strongly recommend to the statutory bodies that it is not sufficient just to make statutes but their implementation too should be ensured. Originality/value: With specific reference to India, mandating CSR disclosure is a recent law; so, the current study being first of its kind, would definitely add to the available literature and open gateways for future research.

scholarly journals THE CORPORATE SOCIAL RESPONSIBILITY (CSR) MODEL OF PT INDANA IN JODIPAN TOURISM VILLAGE ‘’KAMPUNG WARNA WARNI’’

2021 ◽  
Vol 9 (1) ◽  
pp. 26-35
Author(s):  
Tiara Estu Amanda ◽  
Tomi Agfianto
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Positive Influence ◽  
Successful Implementation ◽  
Tourist Attractions ◽  
Implementation Model ◽  
Implementation Stages ◽  
The Government ◽  
Corporate Social ◽  
The Impact

The implementation of Corporate Social Responsibility (CSR) in Indonesia has not been fully implemented properly. It can see from the company's concern for the community and the environment affected by their business activities which are still considered exceptionally low. Meanwhile, the activities carried out are still philanthropic activities and do not pay attention to and fulfill the existing sustainability values. Therefore, it is essential to discuss the need for successful implementation models (best practices) in a company. One company that has succeeded in implementing CSR is PT INDANA in Kampung Warna-Warni (KWW) Jodipan Malang. GuysPro assisted this company in carrying out CSR in painting in a slum village, namely Jodipan. The impact of CSR implementation makes the village become a tourist attraction that tourist most visited when going to Malang City. This study discusses the CSR implementation model carried out by PT Indana and GuysPro in implementing this activity in Kampung Warna Warni (KWW) Jodipan, Malang. A descriptive-qualitative analysis is applied in interpreting the existing data. Meanwhile, data were obtained from field observations, in-depth interviews, and literature studies to support the research. The results obtained show that there are four stages in CSR activities carried out by PT INDANA. The four stages include the planning and implementation stages, the evaluation stage, and the reporting stage. The impact felt by the community from the CSR activities carried out is the emergence of the development of tourist attractions as a form of unexpected consequences, and the positive influence of the stakeholders involved can be felt. These stakeholders include PT INDANA, the GuysPro Group, the community, and the government as the regulator.

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