Submitted By:Aishwarya Rengan

Anurag ThakurDivyashree Yellamelli

Lokendra Singh RathorePalash BaidSohini Sen

Submitted To:Prof. Harisankar Muralidharan

WHAT IS CSR ?

A form of corporate self-regulation integrated into a business model.

Aim : To increase long-term profits and shareholder trust through positive public relations and high ethical standards to reduce business and legal risk by taking responsibility for corporate actions.

It is titled to aid an organization's mission as well as serve as a guide to what the company represents for its consumers

DEFINITION

A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates.

Companies express this citizenship through their waste and pollution reduction processes, by contributing educational and social programs and by earning adequate returns on the employed resources.

DEVELOPMENT IN INDIA

The evolution of corporate social responsibility in India refers to changes over time in India of the cultural norms of corporations‘ engagement of corporate social responsibility (CSR),

With CSR referring to way that businesses are managed to bring about an overall positive impact on the communities, cultures, societies and environments in which they operate

THE FOUR PHASES OF CSR DEVELOPMENT IN INDIA

In the first phase charity and philanthropy were the main drivers of CSR. Culture, religion, family values and tradition and industrialization had an influential effect on CSR.

In the second phase, during the independence movement, there was increased stress on Indian Industrialists to demonstrate their dedication towards the progress of the society.

The third phase of CSR (1960–80) had its relation to the element of "mixed economy", emergence of Public Sector Undertakings (PSUs) and laws relating labour and environmental standards.

In the fourth phase (1980 - 2013) Indian companies started abandoning their traditional engagement with CSR and integrated it into a sustainable business strategy.

CURRENT STATE OF CSR IN INDIA - LAW

Under the Companies Act, 2013, any company having a net worth of rupees 500 crore or more or a turnover of rupees 1,0000 crore or more or a net profit of rupees 5 crore or more has to spend at least 2% of last 3 years average net profits on CSR activities as specified in

Schedule VII of the Companies Act, 2013 and as amended from time to time.

The rules came into effect from 1 April 2014

SEBI has mandated the inclusion of Business Responsibility Reports as part of the annual reports of the Top 100 listed entities based on market capitalization at BSE and NSE

It is mandatory to make these reports available on the website of the company.

INDIAN IT SECTOR AND CSR

Total revenue rose 8.3% to 143 bn $ in fiscal year ending March 31, 2016.

contributes to 9.3% of Indian economic output.

At the national level, increasing IT access to rural areas, proper legislation to facilitate this, developing appropriate governance paradigms and evolving common principles of CSR instruments suited to socio-cultural contexts, as initiatives. At the industry level, enhancing the levels of corporate governance, labour standards, workplace culture and community involvement, and forums to facilitate industry wide sharing of experiences and best practices. At the firm level, adopting a stakeholder approach in implementing CSR initiatives, evolving new methods of valuing a company`s performance and integrating CSR initiatives into the firm`s strategic planning.

The need for corporations to rethink their responsibility, particularly the relationship between value creation and resource consumption.

Business needs to create solutions which are rooted in the needs of the user community and not just those of their employees.

Companies must change their `cheque-book philanthropy` mindset, integrate their initiatives into their strategic planning and be valuated according to their larger impact.

The IT industry can contribute significantly to the process of dematerialisation. ( systematic leveraging of waste and by-products, minimising the loss caused by dispersion, dematerialising the economy and reduced reliance on fossil hydrocarbons.)

INDIAN IT SECTOR AND CSR

HOW IS IT INDUSTRY DOING IN TERMS OF CSR?

Indian IT companies have created value at the first three levels of inexpensive labour or wage arbitrage, better processes and better technology, it is by moving to the fourth level of innovation and generating high end value that Indian companies can be truly creative and go forward.

`Bangalore` or `IT` model of corporate citizenship and social responsiveness, where founders of companies wanted to be seen as good citizens and role models. These companies saw organisational sustainability as primary and a visible CSR awareness as its subset.

Can effective use be made of IT technologies in bringing practical and cost-effective benefits to the lives of people?

While technology can help bring transparency, what is the track record of the IT industry in terms of corporate governance, labour standards, workplace culture, human rights, community involvement, social benefit and environmental impact?

Infosys Limited has been an early adopter of Corporate Social Responsibility initiatives.

Infosys Foundation was established in 1996, headed by Mrs. Sudha Murthy.

INFOSYS & CSR

Supporting

Primary Educatio

n

Removing

Malnutrition

Improving

Healthcare

Infrastructure

Removing Hunger

& Poverty

OBJECTIVE Strive for economic development that positively impacts the society at large with minimal resource

footprint.

Embrace responsibility for the Company’s actions and encourage a positive impact through its activities on hunger, poverty, malnutrition, environment, communities, stakeholders and the society.

COMPOSITION OF CSR COMMITTEE The CSR Committee consist of the following directors: R. Seshasayee, Chairperson Kiran Mazumdar-Shaw Dr. Vishal Sikka

CSR FOR 2015-2016

As per Company Act 2013 Infosys was required to

spend Rs. 256 Crore towards CSR activities for 2015-2016.

Rs. 10 Cr Chennai

Flood relief &

rehabilitation.

Rs. 202 Cr on

Schedule VII of

Company Act 2013.

Rs. 76 Cr Multiple

CSR initiatives including Environm

ental sustainab

ility & Conserva

tion of Natural

Resources.

https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/infosys-AR-16.pdf

www.mca.gov.in/Ministry/pdf/CompaniesActNotification3_2014.pdf

https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/infosys-AR-16.pdf

CSR FOR 2015-2016

CSR FOR 2015-2016: INFOSYS FOUNDATION INITIATIVES

https://www.infosys.com/infosys-foundation/initiatives/

TCS – CSR ACTIVITIES

TCS Maitree, the volunteering arm of TCS -initiatives for the socially underprivileged.

Udaan – trained Kashmiri youth on soft skills and BPO processes. Of the 97 candidates trained last year, 67 joined TCS.

Partnered with 'Sanctuary Asia'(NGO) - wildlife preservation and support of nature.

Development of websites for NGOs, creation of database for ChildLine which supports children in distress in 54 centres in India.

“Assisting youth to become employable is TCS’s impact through empowerment,” says Dr Joy Deshmukh, global head, corporate social responsibility.

An ALP class being held in Hyderabad

GoIT summer camp in North America

TCS IT Wiz

TCS Employability program

Women Empowerment in Panvel

Mkrishi – Mobile based agro-

advisory serviceDeployed in 14

Places

REPORTS ON TCS CSR

While some Tata companies spend more than 2% of their profits on CSR, others like Tata Consultancy Services (TCS) are yet to meet the requirement. In fiscal 2014, the outsourcing giant's CSR expenditure was Rs.93 crore, which was 0.48% of its profits. At TCS' annual general meeting last month, TATA chairman Cyrus Mistry informed shareholders on TCS' intent to do more on CSR. – TOI

In 2015, Tata Consultancy Services Ltd (TCS) spent Rs.294 crore and emerged as the biggest spender. TCS spent 82% of it’s prescribed spending. TCS, in its annual report, said that some of its large programmes in the areas of healthcare, education and promoting employability are multi-year projects – Live Mint

Reporting of CSR activities on environment and governance issues is not being taken as seriously as it should be, a study backed by the country’s largest software exporter TCS said today. – Business Line

27 candidates who took the aptitude and technical tests were trained for 100 hours over 15 days by representatives from TCS. - The Hindu

SUGGESTIONS

Should promote health in rural areas

Should promote welfare of differently abled and old people

Can adopt a school/village and cater to all round development

CSR FOR 2015-2016

The committee comprises of following independent directors:

1. Dr. Ashok S Ganguly – Chairman2. Mr. N Vaghul – Member 3. Mr. William Arthur Owens – Member

Average Net Profit of the Company for the last three financial years: 78,002 Million

2% of the average PBT for the financial years 2013-14, 2014-15 and 2015-16 amounts to ` 1,560 Million; against this, the CSR spending for 2015-16 was 1,598.22 Million.

• WIPRO SEF is focused on contributing to improving Science and Math education in schools that serve disadvantaged communities in US cities

• WIPRO’s Commitment to these programs is about 7.8 million USD over a period of 5 yearsScience Education in the

U.S.A.:

• The projects cover disadvantaged children of migrant labourers, from tribal communities, urban slums or street children

• The program reached out to more than 65000 children in seven states. The number of projects in this area increased from 11 to 16.

Education for the Proximate Disadvantaged

• They have supported and closely partnered with over 70 organizations in different areas of systemic improvements in school education

• Wipro’s work spans 113 educational projects with organizations, involving over 18,600 schools and 34,500 educators across 17 states reaching out to about 4.4 million students

Systemic reforms in school education

Sustainability Education

• The Wipro Academy of Software Excellence (WASE) program helps Science graduates to study for a Master’s degree in Software Engineering (M. Tech).Technology Education

• Through Wipro-earthian they try and bring together two of our key concerns: Education and Sustainability.

EDUCATION

ECOLOGY & ENVIRONMENT The Challenges of Urban Water: The “Participative Ground Water Program”, tries to address this problem in the

Sarjapur area in Bangalore which is completely dependent on groundwater

Urban Biodiversity: The urban biodiversity program addresses the twin goals of creating biodiversity in our urban campuses.

Urban Waste Management: The program provides a comprehensive skills upgradation, maintain the highest standards of waste management – more than 95% of their solid waste, including e-Waste, is processed or disposed safely.

The Wipro Cares trust is built on a model of employee contribution that is matched by Wipro.

7500 employees from across 21 chapters collectively spent more than 13600 hours in voluntary engagement on a wide range of social initiatives.

THE POWER OF ENGAGED EMPLOYEE

WORKING WITH COMMUNITIES EVERYWHERE

Wipro choose to work with underprivileged communities. This is organized through Wipro Cares, a unique trust that is based on the operating model of employee contributions matched by Wipro Ltd.

Primary Health Care: Wipro Cares works with partners who oversee the delivery of good quality primary health care services to underserved communities covering more than 30000 people in 59 villages across Nagaland and Maharashtra

Disaster Rehabilitation: In 2015-16, initiated the rehabilitation project ’Unnati’. The program seeks to strengthen local livelihoods of communities in 22 villages in the Uttarkashi district through improved farming practices in organic agriculture.

Figures’ in Rs Million

SUGGESTIONS

Should promote women empowerment

Training to promote rural sports, nationally recognized sports, Paralympics’ sports and Olympic sports.

Helping armed forces veterans, war widows and their dependents financially or by any other way.

Company Spent on CSR (in crores) Unspent on CSR (in crores)

Infosys 256 53.7

TCS 294 66

Wipro 156 159.8

SUMMARY OF CSR SPENDING IN 2015

THANK YU