CSR ,Corporate Philanthropy &

Business Ethics

S.Arul Vignesh (10AB05)

Corporate philanthropy • Charitable contributions to address a variety of

social, economic and other issues as part of their overall corporate citizenship.

Types

• company-sponsored foundations

• Direct giving program.

Cp examples

• The Infosys Foundation – NPT - 1%PAT

• Tata

• SBI – initiatives

• IBM global

• Melinda gates foundation

“A company’s priority should

be to do something that

makes a difference not just

write out cheques “

CSR

• Continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce, their families and the local community and society at large.

CSR Addresses

• firm's behaviour (including its policies and practices) health and safety

• environmental protection, • human rights, • human resource management practices,

corporate governance, • community development, • consumer and labour protection • supplier relations • Business ethics

• It is an attempt by organisations to take responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment.

• Build meaningful relationships between the corporate sector and the rest of society.

CSR

• CSTI – L& T Limited

• Itc – wow & e choupal

• GSK

• Heinz

• GE

• Microsoft

• TATA – Swach ,

CP & CSR Differences

• CP consists of mainly donations and charity

• CSR involves a more involved approach of ongoing community involvement.

• CP is often a component of a corporation’s broader social responsibility and includes cash gifts, product donations and employee volunteerism.

• Corporate Philanthropy is one component of CSR

Business Ethics

• Social responsibility focuses on the impact that business activity has on society

while

• Ethics is concerned with the conduct of people within organisations

Aspects Ethical standards CSR

Perceived impropriety community

Responsibilities to the employer Diversity

Diversity

Conflict of interest Environment

Issues of influence Ethics

Confidential and proprietary information

Financial

Applicable laws , Reciprocity , Supplier relationships

safety

National and international supply Human

Professional competence

Small, disadvantaged and minority-owned

Responsibilities to the profession

Tata Steel Ethics

• Competition (support for open market economy)

• Equal-opportunities employer

• Gifts and donations

• Political non-alignment

• Health, safety, and environment

• Quality of products and services

Functional areas

• Finance

• HRM

• Production

• Marketing and advertising

• Production

• Property

• Legal

Thank U !!!