1. Rationale for Woodland’s decision for Proplanet ecolabel?
2. Explain the concept of Society-Firm relationship
a. Social rights
b. Civil rights
c. Political rights
a. Social rights
- Rights that provide individuals freedom to participate in society
b. Civil rights
- Rights that provide individuals freedom from third party abuses
and interference
c. Political rights
- Rights for individual's active participation in political decisions
Roles expected from firms
- Provider
- Enabler
- Channelizer
3. Stakeholder mgmt. framework. Explain Nestle’s to presence
of lead in Maggi response
As stakeholder power (like FSSAI) will always be high, interest will
be low KEEP SATISFIED is suggested strategy
4. Archie Carroll's CSR conceptualization/ 2 dominant
conceptualizations?
Archie Carroll's conceptualization (1979)
- Economic, legal, ethical and discretionary
Revised conceptualization
- Socially required - Economic, legal
- Socially expected - Ethical
- Socially desired - Discretionary
Discretionary (Philanthropic) Responsibility: This is the
voluntary, "extra" responsibility businesses take on, which is not
expected by society but contributes positively to the community. It
includes activities such as charitable donations, community
service, supporting environmental sustainability, and other forms of
corporate philanthropy.
5. Lantos' ethical classification of CSR? (SAE). Lantos CSR
classification
a. Ethical
- Mandatory fulfillment of firm's economic, legal, ethical
responsibilities
b. Altruistic
- Fulfilment of firms philanthropic responsibilities
c. Strategic (Project Shakti Unilever)
- Fulfilment of firm's philanthropic responsibilities that benefit
bottom line
6. CSR - Organisational learning model? Stages which
businesses go through for CSR implementation
Stages which businesses go through for CSR implementation
- Denial - Refuse to accept social and environmental impact of
business
- Compliance - Focus on complying with legal rules
- Managerial - Understanding CSR/ CER beyond legal stuff,
integrated with managerial work
- Civil - Genuine concern
7. Who deos CSR apply to?
- Applicable to all companies incorporated in India having either of
the following in FY
- Net worth > 500 cr or more OR
- Turnover of > 1000 cr or more OR
- Net profit of 5 cr or more
8. Core elements of recommended Climate related financial
disclosures?
Governance + Strategy + Risk Management + Metrics and Target
- Governance - Around climate related risks and opportunities
- Strategy - Actual and potential impacts of climate related risks and opportunities
on businesses, strategy, financial planning
- Risk mgmt. - Used by organisation to identify, assess and manage climate related
risks
- Metrics and Targets - To assess and manage climate risks and opportunities
•Governance: Focuses on the structures and processes overseeing climate-
related risks and opportunities, including the roles of the board and management in
decision-making and accountability.
•Strategy: Involves integrating climate-related risks and opportunities into the
organization’s long-term business plan, aligning with global climate goals and
addressing both mitigation and adaptation efforts.
•Risk Management: Refers to identifying, assessing, and managing climate-
related risks (physical and transition), with strategies to mitigate impacts and
enhance resilience.
9. Framework for Climate related risks opportunities and
financial impact
10. How many BRSR principles? Brief description
[Link] and sustainable products + Employee well being +
Stakeholder engagement + Integrity and transparency + Human
rights + Environmental protection + Policy advocacy + Inclusive
growth + Community engagement
(E & G) Safe and Sustainable Products: Provide safe, sustainable
products and services
[Link] Well-being: Ensure fair treatment, safety, and growth
opportunities for employees
[Link] Engagement: Engage fairly and transparently with all
stakeholders
4.(G) Integrity and Transparency: Govern with ethics, transparency,
and accountability
[Link] Rights: Uphold and promote human rights in business
operations
[Link] Protection: Adopt sustainable practices and protect
the environment
[Link] Advocacy: Engage responsibly in influencing public policy
[Link] Growth: Promote equitable development and support
marginalized communities
[Link] Engagement: Contribute to the social and economic
development of communities
