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Though CSR as a concept is appreciated by Corporates and the Civic World,
there is no universally accepted definition of CSR
There have been researches conducted by Professional and Academic
Institutions on this wonderful question of Why CSR?
Often, these researches look at CSR from the perspective of Why Corporates
Have or do not have CSR Initiatives.
According to Business for Social Responsibility, USA, CSR is "operating in
a manner that meets or exceeds the ethical, legal, commercial and public
expectations that society has of business".
Chris Marsden, formerly head of Community Affairs, British Petroleum and
Warwick University UK's Corporate Citizenship Unit, in the foreword to
The Hitachi Foundation's publication "Global Corporate Citizenship -
Rationale and Strategies" described it as "meeting, within reason, the
expectations of all its societal stakeholders to maximize the company's
positive impact and minimize the negative impact on its social and physical
environment, while providing a competitive return to its financial stakeholders".
The common thread that runs through these descriptions is that CSR is about
operating in a manner that positively impacts all its stakeholders and exceeds legal
requirements. It is not just about what a company does with its profits but also how
the profits are made,Many global frameworks and standards for CSR have been
developed that are meant to help companies conform to principles and practices
that go beyond compliance with the law. These include standards like ISO 14000,
SA 8000, AA 100 as well as codes formulated by OECD, U N Global Compact,
Global Reporting Initiative.
Socially Responsible Investing has come to stay with the creation of many funds
that invest only on companies that exhibit socially responsible behaviour and
preliminary evidence suggests that such funds are providing excellent returns to
their customers. FTSE has recently set up a new stocks index called the FTSE For
Good which lists the top 100 companies based on their socially responsible
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behaviour and, more importantly, periodically reviews this list and deletes and
adds companies based on their performance along select criteria.
Should Corporates invest in Community for any benefits? Is it not their basic
responsibility as citizens?
Does CSR make business sense? What is the business case for CSR?
This section covers answers to some of these questions
Increased sales and Customer loyalty: Research in India by IndianNGOs.com
indicates that: given all other parameters equal, customers would like to stick to a
brand which invests in Society
Creating New Business Opportunities: There have been enough instances where
CSR has added new Customers to Companies. Typical example would be health
awareness programmes which generate need for related products.
CSR Premium from Customers : Research in India by IndianNGOs.com indicates
that customers are willing to pay a premium on CSR Better Products - edge in
Sales pitch: Workforce orientation towards products change from Physical Entities
to Service to Customers. The quality of products therefore is bound to improve
Business Process orientation in CSR saves costs. This reduces the Cost Per Unit,
either giving better margins or added edge in pricing Savings in cost of energy,
water... reduction is wastage of material....reduction is transport and logistical
costs...
Customer Goodwill: Customers always like to be associated with ethical,
socially responsible companies.
Enhanced Reputation and Brand Value: CSR not only adds to the Reputation of the
Brand but also gives confidence to the Customers that they are dealing with
responsible, long term institutions and not short term operators.
Increased ability to attract and retain quality employees
Time and thus cost savings in dealing with issues like Sexual Harassment,
HIV / AIDS...
E.g. Employees in Corporates with Policy on Sexual Harassment know that the
decisions in cases of Sexual Harassment will not be taken based on the position of
the concerned individual in the hierarchy.
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curricular. In its very first year, the School has made remarkable strides in the
academic field as well as other activities devised to benefit students in a
comprehensive manner. The Inaugural Sports Festival in January 2004 became a
grand celebration of partnership amongst students, teachers, and well wishers of
the school.
Some of the other notable events during the academic year 2003-2004 include:
visit of eminent personalities like - Doug Allen, Sunjoy Monga, Ustad Amjad Ali
Khan and representatives from various International Universities to the School,
students' participation in Students League of Nations in Geneva and Model United
Nations in the Hague, students' visits to national parks, science centers, orphanages
and old age homes. Regular parent-teacher meetings to review each student's
progress and achievements and celebration of every major festival have become a
hallmark of vibrant interactions at the DAIS. A Seminar on 'Educational
Challenges in an Emerging India' was held at the School on March 16, 2004 in
cooperation with the International Baccalaureate Organization. It marked the
School's participation in collective efforts to address major challenges in the field
of education. Thus,in a short span of one year, the Dhirubhai Ambani International
School has become a pride of the city of Mumbai.
The Dhirubhai Ambani Foundation for the 8th year in 2003 presented SSC
Merit Rewards and Undergraduate Scholarships to 554 district level meritorious
students, 65 of them physically challenged, at SSC and HSC examination. They
represent each of the total of 62 districts of Maharashtra, Gujarat, Goa and the
Union Territories of Daman, Diu, and Dadra Nagar Haveli.
'Reliance Kargil Scholarship Scheme' launched with the generous contribution of
Reliance employees, continued to support for the third year, the education of 383
children from 103 families of martyrs of the Kargil war as well as disabled
soldiers.
The relevance and importance of education had always been uppermost in the
mind of Shri Dhirubhai Ambani with due emphasis on students from rural area. He
firmly believed that given proper encouragement the human resource potential of
India could be developed. Dhirubhai Ambani Scholars Scheme was therefore
announced in 2003 to commemorate silver jubilee of listing of the Company on the
Bombay Stock Exchange. Under the scheme 936 meritorious children of Reliance
shareholders, spread all over India, have been selected for the scholarship. More
than 50 per cent of them have joined engineering colleges while 11 per cent are
pursuing degree courses in medicine. The rest of the Scholars are pursuing degree
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Reliance runs its own schools at its manufacturing complexes. These schools
provide high quality education to the children of the employees and also to the
children of the neighbouring communities. All these schools are equipped with
modern amenities like well-stocked libraries, computers, laboratories, and
playgrounds and sports facilities. Transportation services are also provided to
students î for example, a fleet of 25 buses at Patalganga enables over 1,000
students from nearby villages to attend school everyday. Apart from running its
own schools, Reliance provides support to the schools in nearby areas in the form
of - school building construction, providing computers, printers and playing
equipment, and felicitation of meritorious students. Hazira Complex has also
provided computing infrastructure to the Panchayats of adjoining Mora, Damka
and Kawas villages to update revenue records benefiting over 22,000 villagers.
To inculcate a competitive spirit among children and thereby building a strong
base for meeting challenges in the future, Reliance also provides necessary
infrastructure, help and support to organise various inter-school /inter-village
competitions for essay writing, singing, elocution, and sports such as volleyball,
tennis, cricket, athletics etc.
During the year, a state level table tennis tournament was organised at J H Ambani
School in Patalganga Complex Township. In this tournament, more than 900
students from 30 schools from all over Maharashtra participated. Reliance's
Jamnagar complex, in its unique bid to extend a helping hand to surrounding
communities when in crisis, supplied nearly 8 million gallons of drinking water to
Jam Khambhalia during the summer of 2003. Reliance also constructed a drinking
water storage sump of 20-lakh litre capacity near Jam Khambhalia railway station
in a record time to augment the storage facility for the town so that water could be
arranged through rail tankers when required. Reliance continued to supply drinking
water to the waterscarce village of Moti Khavdi in the vicinity of Reliance
refinery. The supply of five water tankers per day continued for about seven
months during the year. Reliance also sponsored laying of a water supply line for
Moti Khavdi. Assistance to village Sikka near Marine Tank Farm area was
provided to mobilise drinking water supply. Assistance to Padana village was
provided to repair the village's submersible pump during the year.
Similarly, Hazira complex supplied over 4 million gallon of drinking water
to the adjoining Mora village benefiting over 12,000 people. Reliance continued to
supply fodder for cows in seven villages surrounding the refinery during the year.
Moti Khavadi, Nani Khavadi, Padana, Meghpaar, Sikka, Gagva and Pipali are the
villages where fodder is supplied to the cow-sheds regularly.
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