CSR - Corporate Social Responsibility - Training and Advisory
Corporate Social Responsibility has been traditionally viewed as a nice-to-have activity, driven either by the charitable instincts of top management, or by the PR value it generates. This situation is changing and more and more companies are viewing CSR as a vital component of corporate governance and risk management. The Companies Bill (2013) proposes to make CSR mandatory for companies with with average annual revenues exceeding Rs.5000 crore or profits exceeding Rs.2000 crore. For such companies, government has indicated that a CSR spend equating to 2%of the net profits will be mandated.
Further government is also prescribing the kinds of activities that can count as CSR. Further, government has mandated that CSR be conducted under the supervision of the company Board of Directors, with a designated Director responsible for the implementation. Further, SEBI (Securities and Exchange Board) has required the top 100 listed companies to provide annual reporting of their CSR (or Environmental, Social and Governance (ESG) practices), with effect from December 2012. These developments are moving CSR from the space of voluntary corporate action to the domain of regulatory compliance.
RISKPRO now brings its clients strategic advice and training services on CSR. The following are the highlights of our programme:
Training on CSR:
Audience: Top Executives, Mid-Senior level managers
Duration:
2-hour Awareness programme for Top Executives;
1-day awareness and implementation training programmes for mid-senior level managers
Objective:
For top Executives: Awareness about the strategic nature of CSR – including its role in Stakeholder Management, Risk Management and Corporate Governance; Familiarization with the Compliance provisions under SEBI and the Companies Bill (2013). The programme is aimed at preparing Board members to take the right actions with regard to compliance and sustainability strategy. For Mid-Senior Managers: Information about CSR, industry practices and provisions of the Companies Bill. How-to’s in respect of implementation. Tools and processes to be used. Inter-departmental issues.
Contents:
- Sustainability and CSR
- CSR, Risk Management and Governance
- Environmental Issues
- Health and Safety
- Community Initiatives
- Sustainable Supply Chain
- Reputation Management
- Compliance under the Companies Bill
- Organisational Structure
- Examples of Good Practices in CSR
- Sustainability criteria – set up by various industry bodies
- Sustainability and CSR Reporting
At the end of the training programme, the company executives will be able to articulate the drivers and objectives of their CSR programme and outline the nature of initiative that would be appropriate to their company. They will also have the frameworks required to design an appropriate organisational structure and to appreciate the roles of different departments in the implementation of the CSR agenda.
Advisory Services:
RISKPRO offers the following advisory services in CSR:
- Evaluate your company’s risk profile - from an external stakeholder perspective
- Assess your stakeholder engagement needs, in consultation with your executives
- Identify strategic opportunities to deliver CSR while advancing the company’s business goals
- Identify strategies to make existing CSR activities more effective
- Evaluate your company’s compliance status with regard to the provisions of the Companies Bill
- Help you close the gaps in compliance with the Companies Bill Our services are delivered via a senior team of experienced leaders, with strong corporate governance, supply chain and financial backgrounds.
