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Corporate Social Responsibility (CSR) refers to positively changing business practices to better respect and support citizen’s rights. To achieve this change, we collaborate with companies, government, civil society, and young people. At SIDF we have a dedicated unit that works with relevant stakeholders to realise our vision of the private sector as a driver of positive change.
CSR is one of the fastest growing issues across the business world, as companies increasingly recognize that real and sustained value can be generated through well managed strategic CSR and sustainability programs. Society has an increasing impact on business. Businesses are turning to CSR to become more ethical, environmentally-conscious and respectful to their people and communities. Corporate Social Responsibility is an opportunity to make an impact on society. It can become the backbone of your business. The essence of a strong CSR program is to manage these relationships in a way that delivers enhanced value for your company.
We believe that Private-sector initiatives and partnerships—collectively labelled corporate social responsibility (CSR) initiatives—will be able to positively impact social status, earning potential, and access to services and resources for socially- marginalized society.
We wish to reduce social exclusion among them and contribute our CSR initiatives which can increase economic and social capabilities.
Our CSR initiatives would be targeting socially-excluded groups as CSR has potential for positive and lasting impact especifically on socially-excluded populations.
The impact could be assessed by additional monitoring, critical evaluation and assessment studies on our contribution.
To improve the health and welfare of this section of population depends largely on meeting their health, nutrition, and educational needs which could be achieved by their economic empowerment. Here we NGOs have a major role to play.
– Theory in the field of CSR emphasises the necessity to involve NGOs in embedding social issues in the strategies and day‐to‐day operations of Organisations.
ISR-Individual Social Responsibility
Going beyond the realm of corporate social responsibility (CSR), companies are now looking at the concept of ‘Individual Social Responsibility’ (ISR) wherein employees invest their skills towards community service ,where employees can volunteer for a cause and get rewarded during performance appraisals.
The ISR program creates the corporate structure that makes it possible for employees to join in a cause, come up with an innovative idea for a social issue, get an effective platform to deliver it and often get the time to deliver within their working hours,
employees are imparting computer literacy skills to underprivileged youngsters.
employees work with NGOs and old-age homes to make a difference into the lives of those deprived.
they started nurturing the spirit of volunteering among the employees through various initiatives.
If you are a good citizen, you will also be a good employee and if you are a good employee, you should also be a good citizen,
Employees feel happy when they find that the company’s HR is recognising the volunteering efforts by favouring them in annual performance appraisals.
“The ISR policy provides an opportunity to employees across the cities to extend themselves beyond their own personal goals, commitments and pressures and helped them align with the larger social realities that exist outside their individual spheres,”