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Corporate social responsibility
Corporate social responsibility (CSR) involves businesses delivering economic, social and environmental benefits to all stakeholders. CSR activities typically go beyond legal compliance and include areas like corporate governance, human rights, community development, and working conditions. While many companies view CSR as philanthropy, it is important for businesses to understand stakeholders' perspectives on their CSR initiatives through research. Implementing CSR can benefit companies through improved public image, employee engagement, and attracting investors.
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Corporate social responsibility
- 1. Submitted To: Shikha Nainawat Microsoft JyotiGharwar Rahul Meena Rashika Goyal Shivani Pareek Suhani Gupta R.A.Podar Inst. Of Management, FMS, Jaipur
- 2. Corporate socialresponsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits to all stakeholders. CSR typically involves “beyond law” commitments and activities pertaining to Corporate Governance and Ethics; Health and Safety Environmental Stewardship Human Rights Sustainable Development Conditions of Work (including safety and health, hours of work, wages) Industrial Relations Community Involvement, Development and Investment etc What Is Corporate Social Responsibility ?
- 3. CB Bhattacharya, E.ONchair professor in corporate responsibility at the European School of Management and Technology in Germany, says: “Unfortunately, corporate responsibility is still equated to philanthropy in many organisations and hence, given short shrift when it comes to strategic formulation and implementation. Although the top 100 companies all have well developed websites detailing their corporate responsibility initiatives, how many of them do rigorous research to find out how their key stakeholders view these same initiatives?”
- 4. Improves PublicImage Increases Media Coverage Boosts Employee Engagement Attracts & Retains Investors Benefits of CSR to Organisations
- 5. Positive Workplace Environment Increase in Creativity Encourages Professional & Personal Growth Promotes Individual Philanthropy Benefits of CSR to Employees
- 6. Traditionally seenas a philanthropic activity. The Companies Act, 2013 - introduced the idea of CSR – mandatory disclosure-promoting greater transparency and disclosure. Ministry of Corporate Affairs has recently notified Section 135 and Schedule VII of the Companies Act as well as the provisions of the Companies (Corporate Social Responsibility Policy) Rules, 2014 (CRS Rules) which has come into effect from 1 April 2014. CSR-Companies Act 2013
- 7. Applicability: Section 135(1) ofCompany Act 2013 mandates the CSR expenditure for the following companies– Every company having a) net worth of Rs.500 crore or more; b) turnover of Rs.1000 crore or more; c) or net profit of Rs.5 crore or more. Mandatory Expenditure: Section 135(5) mandates 2 % of the Average net profit during the three immediately preceding financial years.
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- 9. Committeesunder CompaniesAct2013 Corporate Social Responsibility Committee u/s135 Audit Committee u/s 177 Nomination and Remuneration Committee u/s 178 Stakeholders Relationship Committee u/s 178
- 10. CSR Role of theboard Form a CSR commiittee Approve the CSR policy Ensure implementation of the activities under CSR Ensure 2% spend Disclose reasons for not spending the amount (if applicable) CSR committee Three or more directors with at least one independent director Formulate and recommend a CSR policy to the board Recommend activities and the amount of expenditure to be incurred Monitor the CSR policy from time to time
- 11. Type of Company Composition Listed Threeor More Director including at least one Independent Director Unlisted & Private Three or more director , Independent director is mandatory required to be appointed. Private having two Director Two Director Foreign At least two person, one which must be company’s representative in india Composition of CSR Committee
- 12. Microsoft Founded in1975 by Bill Gates & Paul Allen Headquarters -Redmond, Washington, United States Develops, manufactures, licenses, supports and sells computer software, consumer electronics and personal computer & services. Best known software products: Microsoft Windows line of operating systems, Microsoft Office suite and Internet Explorer. As of 2016, World's largest software maker by revenue (US$ 85.32 billion) and one of the world's most valuable companies. No. of employees are 114000.
- 13. Mission of Microsoft Workingto apply the power of technology to ensure corporate responsibility, safeguard human rights, and protect our planet.
- 14. Microsoft’s spending onCSR initiatives in 2016 exceeded $1 billion, which includes cash donations of $119 million and in-kind donations worth $948.6 million. Moreover, charitable activities of Bill & Melinda Gates Foundation founded by Microsoft founder Bill Gates is also associated with Microsoft in the perception of the general public to a certain extent. CSR of Microsoft
- 15. Principles People Planet Earning customer truststarts with principled decision making. To empower every individual and organization. Responsibility extends to safeguarding the future of planet. Key Reporting Areas
- 16. Earning the trustof customers and partners starts with a foundation of principles to guide own operations and impacting the rights of people around the globe. Principles • Partnership with human rights organizations globally in meeting the commitment to ensure that everyone’s rights are respected—from employees, to suppliers’ employees, to the people who live in the communities in which Microsoft operate. Human Rights • Microsoft is committed to delivering technology innovation while maintaining the timeless value of privacy and to preserving the right for users to control their data. Privacy and data security • Working to meet corporate governance and ethical business conduct so as to maintain and grow trust in every aspect of work done. Always seek to conduct business in a respectful and ethnical manner, and in compliance with all legal requirements. Corporate governance and ethics • Strive to be fully accountable and transparent in how to engage in public policy. Leadership role in this area not only enhances the shareholder value, it contributes to maintaining a free and democratic society. Public policy engagement • Microsoft sets high expectations for meeting responsible business practices—for themselves, and for the suppliers who work with them. Responsible sourcing
- 17. As reflected inMicrosoft’s mission, their aim is an inclusive one: To empower everyone from their own employees to millions of users around the world. People • Microsoft strive to create a respectful, rewarding, diverse, and inclusive work environment that enables employees to create products and services that help others to achieve more. Empowering the employees • Passionate about designing products and services that are accessible for over one billion people in the world with disabilities. Through a focus on inclusion in the products, workforce, and culture, Microsoft aims to ensure that technology can empower people of all abilities. Accessibility • Work hard to include and empower people everywhere to have access to technology that can improve their lives. Partnering with non profit groups, innovative companies, and governments, Microsoft offer programs that help to empower youth, entrepreneurs, developers, and others. Empowering communities
- 18. We are committedto environmentally sustainable business practices. We seek to minimize the impact of our business operations on the environment, and work with partners globally to develop and use innovative approaches to build a low-carbon future. Planet • Technology can empower everyone to achieve a more sustainable future for our planet. Microsoft work to hold themselves accountable in their own operations and to help others solve pressing environmental and energy challenges. Our environmenta l commitment • Microsoft has been carbon neutral since June 2012, and is committed to increase energy efficiency and use of wind, hydro, and solar power. Climate and energy report • Microsoft seek to be responsible stewards of water resources, and to minimize the impact of their waste. Water and waste report • Through the products and collaboration with others, Microsoft seek to help the world tackle pressing environmental challenges. Products and partnerships report
- 19. RepTrak® isthe world's largest stakeholder study, designed to understand what it takes to build trust and support with stakeholder groups around the world. Reputation Institute’s Global RepTrak® 100 uncovers the world’s most reputable companies in innovation, governance, citizenship and more. In 2012 and 2013, Microsoft topped the Global CSR RepTrak. In 2014 and 2016, Microsoft captured 2nd position after Google in these rankings. RepTrak Research
- 20. Microsoft’s Corporate Citizenship Thirteenyears ago, Microsoft started a corporate social responsibility program called Corporate Citizenship. Citizenship is a set of corporate activities that add business value and address a range of social issues. Under the leadership of Dan Bross, the Corporate Citizenship program seeks to build these activities into the very structure of Microsoft. Microsoft releases Corporate Citizenship Report annually and it includes the details of CSR programs and initiatives engaged by the company.
- 21. Microsoft has institutednew privacy and data security measures, including expanding their use of encryption across services, providing choice and transparency on data location, and strengthening legal protections for customers. They fought for and won the right to increase their disclosure on the volume of national security orders for customer data that they receive from the US government.
- 22. • In Switzerland,Microsoft chose to address issues around child safety by focusing on protecting children from child predators. They worked with schools and citizen groups to teach parents how to use privacy settings to prevent predators from contacting their children. • In Japan, the focus has been on aging populations. The citizenship strategy helped local teams to identify and develop a citizen plan around the issues that are most relevant for their context. • In Washington, Microsoft has partnered with the state government to provide training to the unemployed and to veterans. They provide vouchers so that people can take short courses on Microsoft Word, for instance, and gain skills that
- 23. • From 2004-2006,Microsoft created two programs: “Partners in Learning” and “Partners in Learning Grants”, both dedicated to providing technology resources and training in schools primarily to those who do not have access to technology and education. The learning grants program also invests $253 million aimed to training students and teachers. With underdeveloped schools who aim to integrate technology and tech skills in the classroom, Microsoft assists through their learning grants program as well.
- 24. • In 2012,Microsoft launched YouthSpark, an organizational initiative designed to assist worldwide youth by providing the tools and opportunities for success; some examples include assisting youth receive employment and providing software to enhance classroom learning, as was the case for Ignacia Pica. The initiative is on track to surpass Microsoft’s goal of creating opportunities for 300 million youth over three years, having created opportunities for 227 million youth to date, including 124 million in FY14.6
- 25. • In 2013,Microsoft began launching software at reduced or no costs to nonprofits. Office 365 and Windows 8 were made available to eligible nonprofit organizations, NGOs, and public libraries in 92 countries around the world, providing $55 million worth of Office 365 subscriptions to nearly 11,500 nonprofits globally. In FY13, Microsoft donated software to over 70,000 nonprofits.
- 26. Educating and empowering workers More than99 percent of Microsoft employees completed annual training on Standards of Business Conduct, which is available globally in 17 languages Labour and human rights 86% of employees surveyed stated that they would recommend Microsoft as a great place to work The proportion of women in the global workforce grew from 24% to 28% during 2014. Representation of women and minorities increased from 22% to 27% during the same period Health and safety The company conducts Voice of the Supplier Surveys in an anonymous manner to monitor the adherence to health and safety and other important CSR-related principles. Environment a) energy consumption b) emissions Microsoft has purchased 3 billion kilowatt hours (kWh) of renewable energy in 2014 All new data centers of Microsoft have an average 1.125 Power Usage Effectiveness (PUE), which is one-third less than the industry average datacenter PUE of 1.7. Company’s carbon offset project portfolio represents more than 600,000 metric tons of carbon dioxide (CO2) In 2014
- 27. Microsoft has beenaccused of anti-trust activities that are detrimental to competitors. In 2008, the European Commission fined Microsoft 899m euros ($1.4 bn), claiming that “Microsoft’s tying of Internet Explorer to the Windows operating system harms competition between web browsers, undermines product innovation and ultimately reduces consumer choice.” Microsoft in News
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