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Corporate Social Responsibility (CSR)
PART I - Background
Purpose
The purpose of Corporate Social Responsibility (CSR) is to give attention to social and environmental concerns in addition to economic goals, and encourage companies to balance financial profits, economic value addition and social good. CSR is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the work force, their families as well as of the local community and society at large. Business need a stable social environment that provides a predictable climate for investment and trade. Understanding societies expectation is quite simply enlightened self – interest for business in today’s interdependent world.
Sustainable development, like building a successful business, requires taking the long-term view. It also requires the integration of social, environmental and economic considerations to make balanced judgements. Business and society are interdependent and business must take full account of the societal expectations. Business practices must be built around stakeholder analysis and engagement, including understanding stakeholders’ aspirations and needs and then communicating with and interacting with stakeholder groups in a way that reflects the needs and aspirations of society.
Award Categories
The awards are divided into the following categories, based on the annual turnover of the company.
* Medium and Small enterprises - turnover less then Rs. 300 crore per annum.
* Large enterprises - turnover above or equal to Rs. 300 crore per annum.
Application Assessment fee
* Large enterprises and SMEs : Rs. 39,500/-
* NGOs Rs. 20,000/-
The fee should accompany the application, in the form of demand draft/cheque in favour of 'Institute of Directors', payable at New Delhi.
ALL ENTRIES SHOULD BE ADDRESSED TO :
GOLDEN PEACOCK AWARDS SECRETARIAT
IOD House
M-52 (Market), Greater Kailash-II
New Delhi-110048
INDIA
Tel: +91-11-41636294, 41636717
Fax:+91-11-29217475
Mobile: 00-91- 9811135151
E-mail:
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Web: www.goldenpeacockawards.com
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