Csr of Itc Limited - 1374 Words

* Corporate social responsibility is a form of corporate self-regulation integrated into a business model. * CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. * The goal is embrace responsibility for, and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. * Furthermore, CSR-focused businesses would proactively promote the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of†¦show more content†¦* The carbon credits earned will also be shared with the tribals and farmers, enabling them to participate in an international carbon market mechanism. Integrated Watershed Development * Recognizing the vital role that irrigation and water play in the rural economy, ITC supports the creation of watershed projects in water-stressed areas, providing precious water resources for agriculture, rural communities and livestock. * Based on a participatory approach that involves local communities, the programme facilitates building, reviving and maintain water harvesting structures as well as management of water resources to reverse land degradation, provide critical irrigation and increase agricultural productivity. Providing Supplementary Education * ITC’s supplementary Learning Centres offer additional coaching that backs up school learning, stemming drop-outs and enabling more children to complete school. ITC’s also supports outreach projects, including mobiles libraries that foster the reading habit and a ‘roaming laptop’ programme that promotes computer skills and interactive learning. Economic Empowerment of Women * ITC’s initiatives provide sustainable economic opportunities to poor women in rural areas by assisting them to form micro-credit self-help groups that enable them to buildShow MoreRelatedEssay On Corporate Governance812 Words   |  4 PagesITC Ltd.’s strategy plan for compliance with the current acceptable standards or norms relative to social responsibility today is well thought out, especially for a company that sells potentially dangerous products, and try to meet and listen to all demands and laws in place since the start of their business. Even though in 2014 a new bill was passed for the majority of companies to build accountability and also have the government looking over the private sector (Banerjee, 2013). â€Å"The CSR provisionRead MoreAn Introduction to Itc Ltd.3155 Words   |  13 Pagesintroduction to ITC Ltd. Kolkata,India Type | Public (BSE:ITC) | Founded | 24 August 1910 Radha Bazar Lane, Kolkata, India | Headquarters | Kolkata, India | Key people | Yogesh Chander Deveshwar, Chairman, K. Vaidyanath, Director, Partho Chatterjee, CFO | Industry | Tobacco, foods, hotels, stationery, greeting cards | Products | Cigarettes, packaged food, hotels, apparel | Revenue | ââ€" ² $4.75 billion USD (2006) | Employees | 21,000 (2007) | Website | www.itcportal.com | ITC LimitedRead MoreBallarpur Industries Limited (Bilt) – Case Study1731 Words   |  7 PagesBallarpur Industries Limited (BILT) – Case study ------------------------------------------------- BILT- Organization of hope BILT is a leading paper company in India and a part of Avantha Group, a global corporation with revenues in excess of US $ 4bn. In 2012, BILT completed 10 years (2002 – 2012) of its structured set of activities, projects and programmes as part of its formal Corporate Social Responsibility (CSR) initiative. Bilt published its first Sustainability Report with specific focusRead MoreMilton Friedman once famously said, â€Å"The business of Business is Business†. If the great man have1800 Words   |  8 PagesResponsibility or CSR is no longer a luxury for the corporate world, it’s a necessity which they have to embrace for their own and society’s long term future The term â€Å"Corporate Social Responsibility† was coined in 1960’s and have since then gradually gained so much popularity importance that we now have federal laws to govern it in countries like India. Proponents of this theory believes that corporations make more long term profits by operating with perspective , while its critics argue that CSR distractsRead MoreOutline on the History and Structure of Hindustan Unilever Limited731 Words   |  3 Pages INTRODUCTION- ïÆ' ¼ Hindustan Unilever Limited (HUL) is India’s largest consumer goods company ïÆ' ¼ Based in Mumbai, Maharashtra. ïÆ' ¼ It is owned by the British- Dutch Company Unilever which controls 52% majority stake in HUL. ïÆ' ¼ Its products include foods, beverages, cleaning agents and personal care products. ïÆ' ¼ Employee strengths of over 16,500 ïÆ' ¼ Hindustan Unilever’s distribution covers over 2 million retail outlets across India directly and its products are available in over 6.4 million outlets in theRead MoreThe Fashion Consumer’s Attitude Towards the Fashion/Lifestyle Brands Adopting Csr as a Part of Their Business Strategy9393 Words   |  38 Pagestowards the fashion/lifestyle brands adopting CSR as a part of their business strategy Author: Anjali Saini Fashion Marketing (2009-11) PEARL ACADEMY OF FASHION AIM OF THE PROJECT After all the harm that man has done to the planet Earth, the time has come for mankind to protect himself and the planet from further destruction and to save the planet. To solve this purpose, there is much talk about Corporate Social Responsibility (CSR) today. As Indian apparel/fashion and retailRead MoreItc Ltd. a Full Case Study10991 Words   |  44 PagesCase study-ITC LIMITED INTRODUCTION: ITC Limited  (BSE:  500875)  public  conglomerate  company headquartered in  Kolkata,  India.[1]Its  turnover  is $6 billion and a  market capitalization  of over $30 Billion. The company has its registered office in Kolkata. It started off as the Imperial Tobacco Company, and shares ancestry with  Imperial Tobacco  of the United Kingdom, but it is now fully independent, and was rechristened to Indian Tobacco Company in 1970 and then to I.T.C. Limited in 1974 The companyRead MoreSocial Responsibility of Private Sector in Context to India3316 Words   |  14 Pageslocally-specific themes. However, the term OSR—or even SR—is not currently used outside the ISO process. There is, therefore, a risk that using this term will generate confusion and some resentment among those who are familiar with existing terms such as CSR. Awareness of and engagement with the SR agenda A further definitional and operational challenge is that issues within the SR agenda are not always identified as such. For example, the South African notion of black economic empowerment can beRead MoreRelated Diversification Is a More Successful Strategy for Growth Among Firms Than Unrelated Diversification.3822 Words   |  16 Pagesfrom its link with the corporation or vice versa. Five dimensions of diversification (i) Diversifact: Fact is a situation, a reality, a kind of compulsion because of which company has to diversify. †¢ Negative overtone of compulsory diversification-ITC and Manikchand are examples of negative overtones of compulsory diversification because tobacco business was under pressure,cigarette advertising was banned and both these companies found new revenue streams. ï  ¶ Products of Manikchand: Manikchand panRead MoreEnergy and Environment1095 Words   |  5 Pages | Environnent Management, Environnent Monitoring, ISO-14001 :2008, ISO 9001 :2008, Waste Management, Environnent (PCB), AERB(DoAE) and BEE (MoP) Complaisance. CSR, |Academic Qualifications | †¢ M. Tech (Energy Environment Management) from Kurukshetra University, Kurukshetra, Haryana