Saturday, 6 December 2014

Corporate Social Responsibility Currently Trending in the Indian Industry


Business Originates and Flourishes from within the Community thus making it Eminent to Give Back with Interest & Gratitude to the Community. 

                                                Manjul Thapliyal
                                                                     
                        


The Most Turnaround Trend in Indian Industrial CSR was the Paradigm Shift from Philanthropy towards Stakeholders active participation in shouldering Community Responsibility and Social Upgradtion.

 CSR in India has undergone a sea change today and moved ahead simply from Charity and Donations. It is drawing nearer to community development in a more structured manner. Transversely in Vast Business Structures across the country,  companies have realized that transparent dialogue and trustworthy involvement can help in promoting business standards and thus organizations need reliable pointers to promote CSR. The journey has started yet more miles to go in order to have mutual benefits all at Three levels- Company, Community & Environment.

Having a inside view of CSR perspective at pre and post Independent India, Mahatma Gandhi addressed the accomplished Business houses as Pillars of Trust holding the Wealth of the People .This was referred this time and again by him  to remind them that they have to serve a larger social purpose through their industrial wealth in independent India having seen them playing some prominent part on discourse of economic issues during pre independence. Jawaharlal Nehru’s post independence socialist era saw loads of encouragement to the private sector, along with mammoth gains for strengthening the public sector for serving the social sectors. Whereas Indira Gandhi’s regime saw more radical policies of License Raj influencing nationalization and influenced by embracing state regulations. To avoid the state influenced regulations in economic affairs policies, private industrialist resorted to implementing wide scale corporate beneficial initiatives to reflect the role of private monetary strengths in alleviating the backward social sector and contributions towards socio developments of the nation. The license Raj was dismantled by Rajiv Gandhi and Narshimha Rao due to impending crisis looking for liberalized economic reforms. These led to prevailing of free economy in the nation and increase in multinationals entering India and emergence of large global business entities. This also led to fundamental changes in the social role and responsibility of the Corporate’s in nation building efforts at the ground level, leading to a paradigm shift in their attitude towards embracing CSR in global context. Up till 1990’s the concept of shouldering social responsibilities was limited to charity or philanthropy. The entire social initiates were projected as forms of charity to reflect the virtues of the organization. large Business Houses like Modi’s, Tata’s,  Birla’s & Singhania’s  setup Trust’s to grant financial & economic benefits in recognition to worthy causes and outstanding efforts. Hordes of Hospitals, Industrial Townships, Schools & Academic Institutions were setup showcasing their Philanthropic efforts.

There was fundamental paradigm shift post liberalization from the philanthropy model being followed to the new stakeholder shouldering responsibility model in their CSR initiatives. These organizations social involvement underwent a sea change from charity and reliance towards fostering partnerships and empowerment. The spotlight in the stakeholder model focusing on employees, customers and shareholders here was on community based upliftment efforts. Organizations are  recognizing the human rights, environmental regulations, business values & ethics, corporate inputs& governance and community growth issues and are being  accountable and subjected to be measured against its Triple Bottom line (Financial, Social and Environmental Performance) against their earlier Financial capacities. This shift has resulted due to some strategic business thinking on the part of organizations who started recognizing the value of  reputation capital in context to community and market place for retaining sustainable markets. Also it became a necessity to adhere to eco social stability in order to uphold the free market economy. Corporate governance became the new mantra in the era of globalization in which transparency, accountability and social and environmental initiatives became the key aspects. Also there were multiple benefits of adhering to this model and strengthening CSR as in enhanced customer loyalty & sales, productivity, brand image & value, retention of employees, investors and support from local communities. All this led to improved financial performances which reflected in better social implications& environmental awareness also. When large transnational organizations started entering here, the initiation towards comprehensive CSR policies also started taking shape; their success showcased a rub off effect on the Indian companies as well. So competing with the global markets also made it mandatory for them to comply with entry level certification norms for responsible corporate practices like  SA 8000, AA 100 and ISO 14000 and other compliance norms for CSR formulated by OECD and UN GLOBAL COMPACT AGENCIES.











Working norms at ground level have also undergone a radical change with this industrial shift towards stakeholder centric view and the government is also taking an active part in its grooming and implementation. In respect to CSR measures in the last decade, we have seen a marked increase in organizations commitment towards effectiveness, accountability and efficiency as a whole.The focus has been on people centric initiatives and community & environmental development projects and their products and services have had a marked difference towards the targeted audiences. Perceptible changes can be seen in hosting innovative social schemes in the area of environment protection, rural, health and educational development. Also notable is support generated for protection of cultural, artistic heritage and disaster, relief management initiatives. Expertise of Manpower, Products and services apart from financial backing is needed for these Projects & Initiatives to be successfully implemented and so professionals are being sought to undertake these CSR Project in both Urban and Rural areas. Sustainable development schemes can be seen initiated like Fodder Preservation, Water Recycling, Child & Adult Literacy, Selling of High Value Cocktail of Drugs to Reduce Cost, First-Aid Vans, Mobile Hospitals, Computer Training labs, Cyclone & Earthquake Resistant Houses, Water Treatment,  Organic Farming, Afforestation  etc. Though lots of work is being done to integrate CSR initiatives into organizations core practices, there is yet loads to be achieved and innovation and technology has to play a major role. For main stream projects stricter accountable & sustainable norms have to be formulated by the government agencies with proper bench marking which is a necessity and here cross sectoral programs can also play a crucial role.. So the right way to go ahead is, short listing some relevant projects among the projected after the needed verifications. Then the planning, coordination, implementation and reporting part begins with proper supervision from all ends to ensure the success of the initiatives.

Apart from the private sector the public sector having huge corporations also plays a crucial role in the societal obligations, like aviation, petroleum, steel, mining, iron, gas, shipping, power, Transport, banks and other heavy industries. They also have a long tradition in promoting CSR initiatives and some of them for example National Thermal Power Corporation (NTPC), Gas Authority of India Limited (GAIL), Steel Authority of India Limited (SAIL) and Oil and Natural Gas Commission (ONGC) have made notable contributions. Due to liberalization policies encouraged by the government many public sector enterprises have switched from monopolistic approach to free market one in the era of intensive private competition. Some segments opposing the privatization of public sector industries argue that considering the extremely vital role played in the social context by these sectors, the changeover can be a step of gross gravity. There still  needs to be extensive research by experts on the basis of facts and empirical data’s which need to be cross examined to go ahead with such decisions. Till now their journey of dismantling quota and monopolistic regimes and transformation towards privatization cautiously has been commendable and praiseworthy.

Thus post liberalization stage has marked a new economic beginning of radical transformation in the industrial and commercial sectors in terms of CSR and its sustainability in the country. There is a dual implicated change being seen, one that has transformed the conceptual definition of CSR and secondly innovations, creativeness and transparency in its implementation levels. The concept has truly changed from charity based leanings to joint stakeholder development approach where the whole community’s well being now plays a integral role in the success of the organization, society and the country. But the real revolution has started with the implementation being taken with utmost seriousness by the companies and government by providing expertise manpower to its social efforts in addition to the financial backups for the projects. These host of services are being made flexible to accommodate most of the needs of the target communities. Today, we see a much larger and wider participative formal approach from people to enhance the society in contrast to the earlier laidback informal attitude. The standards and parameters set by the government are higher and the resolve to achieve them seems to be growing in proportion. Accountability standards have improved with CSR ratings, certifications, compliances, bench markings and regulations. While the private sector in comparison to the public sector has a edge right now but the crucial role played till now by the public sector and its vitality to the future CSR initiatives is mandatory.

 Conscious efforts should be made by the Country as a whole to participate in CSR activities voluntarily as done globally and not under pressure from the stakeholder groups. This should be in built and not pressure driven or taken as a obligation. The law and its enforcements will only provide temporary relief but inner belief and self consciousness will have the much needed far reaching effect. The resolve seems to be making progress with formalization of the CSR structures. As per data, the government apart from state level schemes is playing its part and spending around Rs 99,000 crore on 33 welfare schemes through around 15 ministries. They are setting a preset example of their resolve for the private sector as well and the private sector is responding with all guns blazing and is contributing to three pillars of CSR namely economic social and ecological viabilities with all sincerity. So the priority among them is imperatively following the sustainable CSR projects which cohesively mix their economic, ethical, philanthropic and legal doctrine. Still the gap is there between advocating and actually participating and there is a plethora of companies not meeting the said requirements. Lot is being done and further efforts towards CSR Sustainability needs more and more strengthening for a improved and vibrant Nation.


Indian values on social upliftment are well rooted and grounded. Ancient societies use to also pay social duty or charity though it was not directed as CSR but its motive was to uplift the needy and help society to grow. Social, wealth, health and environment issues have cavernous structure in the business history. Since 80’s the revolutionary approach towards industrial welfare and openness for growth and development raised the mutual understanding of India’s by 1990’s. Many organizations jointed hands with academic institutions in building collaborative consensus for building goodwill of the organizations are thus trying to produce social development. After Independence government tried to incorporate business organizations by providing subsidies and raising the rural development but all these efforts very less to document. With the emerging chance and groomed societies, organizations that were working on human resource and development were liked and appreciated by societies and they also have deep affection and trust for them, all these motivated the noble organizations to work more efficiently towards CSR. The big name that came in lime in India after Independence towards CSR was J R D Tata, who proliferate the partnership of industry and business enterprise to work together in bringing harmony and employability for society. ‘Tata Iron and Steel Company’ took the first prime initiative by discharging the role of human welfare and well being by making people aware of the power of SOCIAL RESPONSIBILITY through undertaking community development initiatives and soon other corporate’s followed suit.


CSR is becoming an integral part of Businesses today as organizations have understood that without considering the community welfare none of the organizations can grow. India Inc. is now connected to villages and GO LOCAL concepts are coming up with more synergic attitude and organizations have understood on the holistic development. With the Current Prime Minister of Rising India Mr. Narendra Modi Undertaking and Launching the “Make In India” National Program the Indian Industrial Sector is foresighted to achieve Stupendous  Ethical Growth towards Globalization.


Manjul Thapliyal

Principal Consultant

Visions Ahead
www.visionsahead.com

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