Life is a gift, and it offers us the privilege, opportunity, and responsibility to give something back by becoming more. ~ Tony Robbins
SIDF tends to create a alcove for itself through its extensive work in the corporate social responsibility arena. It has been helping corporations as well as civil society organization (CSOs) engage in value based CSR initiatives by aligning the objectives of corporations with their social objectives.
CSR Project Partner (NGO)
This era is characterized by exceptional challenges and opportunities, arising from globalization, the desire for inclusive development and the imperative of climate change. Indian business, which is today viewed globally as a responsible component of the pre-eminence of India, is poised now to take on a leadership role in the challenges of our times.
The approach also reaffirms the view that businesses are an primary part of society, and have a critical and active role to play in the sustenance and improvement of healthy ecosystems, in fostering social richness and equity, and in upholding the essentials of ethical practices and good governance. This also makes business sense as companies with effective CSR, have image of socially responsible companies, achieve sustainable growth in their operations in the long run and their products and services are preferred by the customers.
SIDF being people-centric, have experience and expertise and have a planned approach to developmental activities with a specific focus on the welfare and rights of the vulnerable groups in society.
As said by Peter Drucker “The 21st century will be the century of the social sector organization. The more economy, money, and information become global, the more community will matter.”
At SIDF we call this as our CSR initiative
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We wish to seek “safe” and non-controversial issues including the delivery of government programmes.
Thus, it’s very important to monitor and assess the impact of the CSR initiatives to make it sustainable. A transparent Monitoring Committee can be formed for any CSR initiative being taken that ensures that implementation of the project is flawless and if there is any flaw, it is reported instantly. Routine reviews are undertaken by the CSR Monitoring Committee. It also collates feedback from the community and pay surprise Visits to ensure that the Implementation is sound and is going in the right direction.
CSR Impact Assessment is one of the most crucial aspects of any Project being implemented. It should be planned thoroughly and carried out robustly. All the Stakeholders must also be consulted to take their feedback. All the Departments involved in the initiative must be coordinated with and should be documented impeccably so that the Implementation Team is aware if what they are doing is suitable for the user or not. The assessment must be concurrent so that the required changes can be brought in periodically.
Companies should look into conducting 3rd party CSR Impact Assessment and evaluation of their CSR initiatives focusing on impact creation through Companies’ initiatives. This is not the same as audit, where only it is checked that the money has been spent rightfully. In fact, being an Independent body, being unbiased, it keeps a check not only on the Company’s expenditure but also the Implementation Team for their Actions on ground to provide them with the Impact Report and appropriate feedback to improvise.
Focus has to be Impact Creation as that is going to make a Difference. In fact, Companies should be evaluated and ranked on the basis of the Impact they create rather than the size of funds they are investing into CSR.