business/ Responsible Business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, selfregulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders. The term "corporate social responsibility" came into common use in the late 1960s and early 1970s after many multinational corporations formed the term stakeholder, meaning those on whom an organization's activities have an impact. It was used to describe corporate owners beyond shareholders as a result of an influential book by R. Edward Freeman, Strategic management: a stakeholder approach in [2] 1984. Proponents argue that corporations make more long term profits by operating with a perspective, while critics argue that CSR distracts from the economic role of businesses. Others argue CSR is merely window-dressing, or an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations. CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. Development business ethics is one of the forms of applied ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. ISO 26000 is the recognized international standard for CSR. Public sector organizations (the United Nations for example) adhere to the triple bottom line (TBL). It is widely accepted that CSR adheres to similar principles but with no formal act of legislation. The UN has developed the Principles for Responsible Investment as guidelines for investing entities.
Abstract
This paper aims to provide a working definition of corporate social responsibility (CSR). It begins by describing how the lack of a widely agreed definition contributed to misunderstandings and cynicism towards the concept itself and argued that hence the need for a working definition. The paper then goes on to divide current literature on CSR, and current business practices, into two main categories depending on the way CSR is perceivedas an ethical position or as a business strategy. A brief overview on how CSR is practised in the real business world is also presented. The paper describes how practitioners seem to be practising CSR despite the lack of a universally agreed definition. Subsequently, based on the ongoing academic debates on CSR and on examples of what is happening in the real business world, the paper concludes with a proposed definition that reconciles ongoing academic debates with practice.
Tata Group Tata Group in India has a range of CSR projects, most of which are community improvement programs. For example, it is a leading provider of maternal and child health services, family planning, and has provided 98 percent immunization in Jamshedpur. The company also endorses sports as a way of life. It has established a football academy, archery academy, and promotes sports among employees. It offers healthcare services all over the country with programs like rural health development. Tata Group also has an organized relief program in case of natural disasters, including long-term treatment and rebuilding efforts. It did laudable work during the Gujarat earthquakes and Orissa floods. It also supports education, with over 500 schools, and also is a benefactor of the arts and culture. It has done abundant work in improving the environment and local populations around its industries.
Corporate Social Responsibilities (CSR) Our guiding philosophy has been that we should actively undertake activities that benefit the society. In the midst of the din of hectic trading activities, Tata Power Trading encourages its officers to do their small bit for the society and it is heartening to note that efforts are regularly being made to organize Health Camps, Self defence trainings and providing medicines/medical aid to the needy. Such efforts have been appreciated by the beneficiaries of these initiatives. Some of the events we have undertaken over the last few years: 2008- Self defence and positive attitude technique training given to Orthopedically challenged boys and girls of Paraplegic foundation, Mumbai . 2009- Imparted techniques in Self defence, motivation and positive attitude for Nurses of BSES Hospital in Mumbai . Also trained working women and home makers in the housing societiesMumbai 2010 - Motivation and self defence technique given to NCC cadets at the camp located near JNPT port. Invitation received from Colonel Pol, Commanding officer, 3 Maharashtra Battalion NCC Mumbai. 2011- On the occasion of Gandhi Jayanti TPTCL had conducted women empowerment workshop for fifty social workers. The workshop was held at All India Institute of Local Self Govt., Bandra, Mumbai. Issues related to women's rights were discussed and imparted basic self defence techniques. 2012- Self defence technique and motivation training was given to the working women of TCRC an Inspection &Testing Co. and also in housing societies in Mumbai. Over 25000 people which includes police personnel, working women, college girls, housing societies, school, Hospitals, NGOs etc. have been trained in self defence techniques by TPTCL