2 minute read
CSR Incubator
CSR INCUBATOR Nurturing a new CSR Philosophy
Advertisement
There may not be a single universally accepted definition of CSR. Globally the concept of CSR has evolved and presently encompasses all related concepts like triple bottom line, corporate citizenship, strategic philanthropy, shared values, sustainability and responsibility.
CSR Needs A Scientific Approach
The need of the day is to build scientific research-based CSR, factoring ‘felt needs’ and end to end consulting for industries and business firms to ensure high ROI, risk mitigation and welfare-based development. The very aim of GDP Foundation’s CSR Incubator.
About CSR – INCUBATOR
The GDP Foundation’s CSR-Incubator is a unique, innovative, pioneering platform for curating CSR ideas for industries, corporate, media houses, philanthropists, and NGOs. The CSR–Incubator will help you to create a research-based positive, sustainable impact.
Social Startups ready for CSR Funding / Investment / Adoption
GDP Foundation’s Parivartan Karo Na – contest cum internship, a highly appreciated platform has churned out 25 Hi-Potential startups that are ready for investment and CSR funding.
Corporate Social Responsibility - A Change For The Better
In recent times, the concept of corporate social responsibility (CSR) has garnered a fastidious outlook by all stakeholders whether it is the Government, or private stakeholders, or social enterprises. Inexorably, CSR is here to stay and make its deep-rooted impact on our lives. CSR is no more a concept alien to us. In the generations to come, it will have its own meanderings albeit a posited approach to make a meaningful effect on the lives of many.
Scholars and philosophers have given numerous definitions to CSR, however, its wholeness is achieved in practical terms and not within its strict meaning. CSR is not only a theoretical development but strongly include incorporating social characteristics or features into products and manufacturing processes, adopting progressive human resource management practices, achieving higher levels of environmental performance through recycling and pollution abatement, advancing the goals of community organizations et al.
CSR has been given statutory protection and inevitably there is a growing interest amongst corporates and multi-divisional companies to make their CSR spend and stay within the ambit of the law so as to not attract penalties.
However, one can easily assert and be mindful of the fact that no business norms, no standards, no regulatory frameworks, no stakeholder demand for CSR can vary the very core built within it, which is a larger good, a cause to be fulfilled and a purpose to be achieved. When the latter is in order, rest just falls as brickwork for a perfect foundation.
MR. AMEYA SALATRY
Trustee, GDP Foundation