If a company fails to spend csr amount for fy 201920 as on 31 st march 2020. Corporate social responsibility policy introduction. Wipro csr activities csr activities of wipro company. This lesson illustrate the case study of cocacola, describing its corporate social responsibility. Then open an account unspent corporate social responsibility ac and transfer the unspent amount of csr. The company reported that almost half of its csr budget was allocated to hunger, healthcare and poverty alleviation projects. Wipro technologies is a provider of information technology solutions in india. Usbased schnitzer steel industries inc is the other company. Social report is now essential for business introduction the corporate social responsibility csr reports are used in annual report of the company. Interventions directed towards making current livelihood sources primarily agriculture and allied activities. The way we see wipro s role in social change is to bring in a combination of our core values and a sense of responsible citizenship. Wipro western india products founded by azim premjis father in 1947 at amalner, maharashtra started as vegetable oil trading company. The factors driving companies to pursue a csr agenda are fairly consistent across the corporate world.
Csr still there is question of to what extent this has been implemented. Annexure to this policy provides more details on our csr initiatives. In accordance with the notification issued by the ministry of corporate affairs dated 27th february 2014 under section 5 of the companies act 20, the company s corporate social responsibility csr. Corporate social responsibility is the way that our company. The csr activities shall be undertaken by the company, as per its csr policy, excluding activities undertaken in pursuance of its normal course of business. At infosys, the distribution of wealth is as important as its legal and ethical creation. The projects undertaken under education initiatives includes. The company is always dedicated towards csr activities and has spent more than the prescribed csr budget in last three financial years. In this article, we will talk about wipro csr activities in india. Wipro with over two decades of experience, 1900 employees and 275 business partners serving over 40,000 customers, wipro has stamped its presence on the indian market and leads the indian it industry. Working on the beat with salesman as per beat plan, giving inputs solving their problems in areas of sales coverage. Scribd is the worlds largest social reading and publishing site. Wipro cares is wipro s community initiative focused on certain key developmental issues faced by underserved and underprivileged communities, primarily health and education. Corporate social responsibility csr as per companies act.
A study on corporate social responsibility initiatives of. Services include consulting, business solutions, system integration, infrastructure and application management and total outsourcing services. When companies choose to do what is right not only for their bottom line but also both socially and. Responsible for conducting sales promotion activities and preparing reports. Corporate social responsibility wipro consumer care. Csr initiatives of corporate corporate citizenship. It is a trust formed in the year 2003 that seeks to work with communities proximate to wipro. Title a study on corporate social responsibility initiatives of wipro ltd. The bod may decide to undertake its csr activities approved by the csr committee, through. The unutilized csr budget from the 2 per cent of the average net profit will be put back into csr activities of the succeeding year. Wipro applying thought in schoolswhich focuses on longterm societal development through school.
Csr leadership remains limited, piecemeal and anecdotal, as found in the shrm study noted earlier. Essay on corporate social responsibility activities at. To categorize those activities to check that csr activities are followed as per the schedule vii of companies act, 20. The central tenets of our approach have been the emphasis on strong, meaningful work on systemic social issues. Objectives of the study to examine the csr activities carried out by the selected companies. Corporate social responsibilty csr and ethical issues in. Second phase the company appoints staff specialists to look into the issue and find measures to tackle it third phase implementation of the strategy derived by the specialists iv. Policy on corporate social responsibilitypdf wipro.
Corporate social responsibility of indian it companies a. Infosys limited, an digital services and consulting conglomerate has spent rs. Corporate social responsibility csr, tata consultancy. Snapshot of activities infosys public services extends support to boy scouts of america infosys public services sponsored and participated in the northern new jersey council boy scouts of america. My name is francesco bimbo, and im a researcher with the business economic group at wageningen university. This paper focuses on the fundamentals of csr and specifically emphasizes about the csr activities being carried out by wipro company. The surplus arising, if any, out of the csr projects or programs or activities shall not form part of the business profit of a company. Recognises that its activities have a wider impact on the society in which it operates, and that developments in society in. Wipro company history business standard news page 1. It is clear that the company spent 52 % of the total budgeted csr funds to the healthcare sector. Corporate social responsibility of wipro corporate. Handbook on corporate social responsibility in india. Ntpc also takes up most of the csr activities primarily in the. Wipros charter on corporate social responsibility csr.
Corporate social responsibility programmes dharwad 1945 2009 1966 2014 1950s 2010 1994 2011 tata motors established shift in tata motors approach to csr 1. This handbook attempts to bring together good practices of companies and grantmaking foundations so as to assist companies pursue their csr activities. In this article, we will talk about wipro csr activities. Corporate social responsibility csr is a prominent 21st century business ideology that heightens. In 2008 wipro start clean energy business with wipro eco energy.
Wipro, the indian it giant, is one of the most respected names in csr today and commands enormous market goodwill due to its various social initiatives. Corporate social responsibility in india an effort to. Csr spends as a % of average profit after taxes for three immediately preceding fys. The core objective of itcs csr initiatives is to secure the livelihoods of these marginalised communities not just for today but also for the future. According to the amendment in the companies act 20, companies that have a net worth of inr 500 crores and more, or net profit of inr 5 crores and more, or an annual turnover. This has helped us significantly strengthen our talent pipeline including creating a strong pool of highpotential women fully equipped to steer our business. Corporate social responsibility csr allows businesses large and small to enact positive change. One of the most significant corporate trends of the last decade is the rapid growth in activities. Project report on corporate social responsibility of it. Csr can be described as an approach by which a company does the following. The relevance of corporate social responsibility csr.
Then the company shall transfer on or before 30 th september 2020 to the funds as mentioned in schedule vii if a company is holding the unspent amount for ongoing project for fy 201920 as on 31 st march 2020. Corporate social responsibility activities are as follows company profile company. Welcome to this module about corporate social responsibility in the agrofood sector. The umbrella of wipro cares csr activities includes projects like education for underprivileged children and children with disabilities, healthcare. Azim premji is the chairman and md of wipro technologies. A strong sense of social responsibility is therefore an integral part of our value system. The company provides comprehensive it solutions and services including systems.
Wipro is a leading global information technology, consulting and business process services company. Wipro, our corporate program has greater focus on water recycling and. Role of reliance industries limited towards corporate. Tata consultancy services, can use our core business to create a positive impact in our community. Infosys public services corporate social responsibility. The data is found to be more skewed towards the yes option with 86 percent respondents revealing that profitability is the main driving force to undertake corporate social responsibility activities. Tata steel, wipro in worlds most ethical companies list. Role of corporate social responsibility in organization.
Corporate social responsibility, details of csr of 501 companies 2008, karmayog csr ratings 2008, karmayog csr ratings 2007 csr 2009 details of wipro ltd. The company hosts farmers market at its menlo park headquarters each week providing fresh produce to. Wipro is one of the two information technology companies named in the list, the other being xerox corporation. Wipro ltd is a leading india based provider of it services including business process outsourcing bpo services globally.