Companies, nowadays, accept their responsibility for the negative environmental impact of their business activities so they try to change the way of doing business in order to mitigate the damage. Corporate social responsibility (CSR) can refer to a wide range of actions that businesses may make - from donating to charity to ethical trading. # P. leelakrishnan, Environmental Law in India 2012, p. 237 # The Companies Act, 2013 requires every company to put out its CSR policy in the public domain. Since the 1950s, corporate responsibility has been the means by which the public can hold companies accountable for their actions. This binds companies and organisations that sell goods and services. The entrepreneurs should determine fair prices for commodities and … Reducing greenhouse gas emissions, preserving biodiversity and natural resources, and designing our products to minimize waste. In the various circumstance, governments help the Businessman also and also enacts various laws to having control over their activities. Due to the pressures of overconsumption, population growth and technology, the biophysical environment is being degraded, … For Further Details Contact: The act is mainly focused on barring businesses from taking advantage of contracts they have with customers and benefiting unreasonably from them. (2) Long Term Interest of the Business 1. Businesses can also commit to environmental sustainability through the supply chain. Towards Consumers – To provide goods and services at a reasonable price. “It’s an important question,” he wrote, “but one that implies business should do the socially responsible thing out of a sense of duty. Its objectives are to conserve natural resources and the existing natural environment and, where possible, to repair damage and reverse trends. It is a unified effort. Each company must take steps to make sustainable use of resources, establish a healthy and safe working environment, maintain ecological balance, take proactive steps to minimise waste generation and preserve environment. 3. A. Buchlolz, Business Environment and Public Policy, 1992 p. 21 # Jatana Renu and Crowther David, “Corporate Social Responsibility- Theory and Practice with Case Studies”, 2007 p. 223 # Id at 294 # Corporate Social Responsibility in India has traditionally been seen as a philanthropic activity, and in keeping with the Indian tradition, it was an activity that was performed but not deliberated. Irrespective of whether a company is polluting or non polluting, protection of environment should be the concern of every socially responsible organisation. (vii) Contribution to social … 2. Environmental CSR aims to reduce any damaging effects on the environment from your business' processes. A 2017 study on corporate social responsibility reveals customers' responses when a company supports social or environmental issues. Economist Milton Friedman held that humans act in self-interest, to maximize profit, and social issues were the government’s issue. The government must form rules and regulations and the citizens must abide by them. Corporate social responsibility (CSR) became popular during the 1980’s and has continued to remain a pillar of corporate structure. Determination of Fair Prices. If increasing no. (i) Self interest. 2. The moral idea behind this is that the businesses use resources of the society so they must … Background. By ensuring all or a majority of products used by your business are friendly to the environment, you can take another step forward in your environmental sustainability commitment. social responsibility is against this objective. Cloudflare Ray ID: 5fe8d2aa0b0cec86 Corporate social responsibility is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with the stakeholders on a voluntary basis. Submit your Article by using our online form Social responsibility toward consumers is in state legislation that controls the commercial relationship between businesses and the public. CSR is the abbreviation of Corporate Social Responsibility. The conduct of the business towards social, environmental, ethical and health and safety issues is recognised to have an impact on our reputation and therefore the implementation and improvement of policies and systems is ongoing. It affects your bottom line and the long-term success of your business. Social responsibility as an ethical principle was first drawn from the business philosophy of Andrew Carnegie, the 19th century steel magnate who believed in charity and social stewardship. These important actions are factored into every aspect of our business. 191-192 Also see s. 41- B of The Factories Act 1948. We know the main motive of business is to earn the money, corporations should take initiative for the welfare of the society and should perform their activities within the framework of … Corporate Social Responsibility means the obligations to take those decisions and perform such actions which are desirable in terms of the objectives and values of society. (ii) Better environment for business. Social Responsibilities. Environmental protection is not the responsibility of just one entity. 2. According to Peter F Druker, “Social responsibility requires managers to consider whether their actions are likely to promote the public good, to advance the basic belief of society, to contribute to its stability strength and harmony.”Social responsibility refers to the voluntary efforts on the part of the business to contribute to the social well being. and Article 51 A –(g): it shall be the duty of every citizen of India, (g) … to protect and improve the natural environment including forests, lakes, rivers and wildlife and to have compassion for the living creatures. # AIR 1980 SC 1622 # Indian Penal Code 1860, S. 188 # AIR 2004 SC 1 # Id at p. 12 # Corporate Governance Framework , The Institute of Company Secretaries of India, 2009, 109 # Corporate Governance Framework , The Institute of Company Secretaries of India, 2009,. Business owes the world everything and nothing, according to Andrew Winston, author and consultant on environmental and social challenges. The responsibility towards consumers that Corporate Social Responsibilityincludes is as follows: 1. The environmental aspect of CSR has been debated over the past few decades, as stakeholders increasingly require organizations to become more environmentally aware and socially responsible. (iii) Public image. (v) Social power. Note* we only accept Original Articles, we will not accept Every business wants long term profits and gains. Many businesses have realised that acting in a socially and environmentally responsible way is more than just a legal duty. [email protected]. A responsible approach to our wider community is important to the business. Magdum Mohiuddin, “Empowering the Poor, Role of Corporate Social Responsibility ”, Orient Journal of Law and social sciences, Vol VI issue 8 july 2012 pp. Activities may focus on: And businesses also play a huge part in environmental protection as it is also their social responsibility. To charge fair prices 3. CSR is the responsibility of corporations to contribute to a better society and cleaner environment. Responsibility means the accountability between the two. The consumer is the king of … As a result, there is limited documentation on specific activities related to this concept. Of stakeholders are not giving their best, there may be the withdrawal of cooperation of society. The Social responsibilities of corporate companies are known as Corporate Social Responsibility. Under the Environmental Responsibility of the Corporates, it is expected to operate in a manner that protects the environment. CSR helps in the light of the environment protection.The main intention of CSR is to improve. # Protection of life an d personal liberty:- no person shall be deprived of his life and personal liberty except according to procedure established by law. At Cisco, we believe environmental sustainability is critical for economies and for all global citizens. Gulf Coast Environmental Systems serves as an integral part of many organizations with pollution control as a component of their CSR policy. Introduction: Corporate social responsibility is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with the stakeholders on a voluntary basis. The attitude here is that companies, especially large, public corporations, should humanize their existences: an attempt should be made to see the corporation, in a certain sense, as an individual person. Now corporate companies have realized that business activity in an environmentally responsible way is not only a legal duty but also a responsibility. Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director. Environmental protection is the practice of protecting the natural environment by individuals, organizations and governments. # http:// www.indiacsr.in/en/?P=113 visited on 1st` July 2015 # Kumar Ayush, “Mandatory Corporate Social Responsibility :An Expansive Vision? # Vikram jaswal & Shweta Thakur, “Corporate Justice ”,Civil and Military Law Journal, Vol 1 No.3 July 2004, p. 19 # S. C Shastri “Corporate Social Responsibility vis-a –vis Protection of Environment In India: A Legal perspective,” Journal of Faculty of Law Mody University of Science and Technology 2014, p 1 # Section 135 (1). (ii) Burden on consumers: It is argued that social responsibilities like pollution control and environmental protection are … To provide goods of standard quality 2. Social Responsibility towards Consumers? Introduction : - Ultimate goals of business must be satisfaction of consumer's wants. When we discuss the earth's environment, we are talking about the health of the atmosphere, forests, plants, animals, water, and each ecosystem. (vi) Resources used for moral justification. 102-104 # Patricia Birne and A.E. • • The third posture an organization may adopt toward environmental protection falls under the heading of corporate social responsibility. Click here 21 # V. Balu, “Social responsibility and Corporate Business Ethics” Corporate Social Responsibility edited by Renu Jatana & David Crowther 2007 p.343 # Model Statement Policies and practices, The Institute of Company Secretaries of India, vol 5,p. Shareholders or investors. Owners: Business is accountable towards owners as well as managing business profitably, ensuring … A: There is an increasing literature suggesting, or even trying to prove, that business voluntarism (Corporate Social Responsibility)—spending money on the environment—adds to profitability IN MOST CASES! Social responsibility of business implies the obligations of the management of a business enterprise to protect the interests of the society. An example is the Unfair Terms Act in the United Kingdom. Boyle, International Law and The Environment 2004, p. 282 # P. Leelakrishnan, Environmental Law in India, 2012, p.255 # P. Leedlakrishnan, Environmental Law in India,2012, p 259 # AIR 1987 SC 1086 # (2004) 6 SCC 402 # AIR 1996 SC 1446 # Indian Council for Enviro Legal Action v union of India, AIR 1996 SC 1446, p. 1468 # Vellore Citizens Welfare Forum v Union of India, AIR 1996 SC 2715, p 2721 # AIR 1987 AP 171 # AIR 2006 U’chal 18 pp 21,22 # AIR 1985 SC 652 # (1980) 2 SCC 162 # Article 47: Duty of the state to raise the level of nutrition and the standard of living and to improve public health- The state shall regard the raising of the level of nutrition and the standard of living of its people and the improvement of public health as among its primary duties and, in particular the state shall endeavour to bring about prohibition of consumption, except for medical purposes of intoxicating drinks and drugs which are injurious to health # Supra note 10 at pp. It can be noted that the p… Following Are the Opinions in Favour of Social Responsibilities: (1) Justification for Existence and Growth 1. Performance & security by Cloudflare, Please complete the security check to access. A businessman must perform social responsibilities because of the following reason. ”, Company Law Journal, 1 (3) March 2013,pp 113-114 # Rogene. # S.C. Shastri, Environmental Law, 2012, p.8 # Article 48 A: the State shall endeavour to protect and improve the environment and safeguard forests and wild life of the country. One primary focus of CSR is the environment. (iv) Avoidance of government interference. 83 # Mohd. When the business organisation keeps on providing good quality products, it’s actually a fulfillment of social responsibility. The government regulates and controls the business, with the objectives of the systematic economic developmentof the country and safeguarding the interests of the more common man. In fact, business can best fulfill its social responsibility if it maximises profits through increased efficiency and reduced costs. In short, the following are the responsibility of an entrepreneur towards government: If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. This guide outlines your main environmental responsibilities, including your obligations to recycle the waste your business produces. Your IP: 23.254.250.184 What is environmental CSR? Articles Already Published in other websites. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. To ensure good quality … We decided to look at the literature of business, of economics, and of law to see if there really was support for this. It is a duty of the corporate body to protect the interest of the society as well as the environment. Corporate citizenship is also called as corporate responsibility.CSR encourages giving a positive Impact in various field so that may have benefit on Communities, Employees, Environment and Others. The guidance provided in the Act and the draft rules on what constitutes a CSR policy are that it should: exclude normal business activities of the company contain a list of the CSR projects or programmes which the company plans to undertake during the implementation year. To provide prompt and courteous after sal… Social responsibility of business towards its shareholders or investors is … If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Going beyond business activities and taking care of the environment can bring business benefits. Good quality products help in expansion of the business. 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