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What are The Challenges and Resolutions in CSR Initiatives?
Corporate social responsibility (CSR) is a concept that has gained increasing popularity in recent years. It refers to the idea that businesses have a responsibility to contribute to the well-being of society and the environment, beyond simply maximizing profits for their shareholders. What are the Challenges Faced in CSR Implementation? While many companies have embraced CSR and have made significant strides in this area, there are still a number of challenges that need to be addressed. In this blog post, we will explore some of these challenges and offer some potential solutions. One of the biggest challenges businesses face when it comes to CSR is the lack of a clear…
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Changing Role of Corporate Social Responsibility (CSR) in Society
The concept of corporate social responsibility (CSR) has evolved over the years, and its role in society has also changed. In the past, CSR was seen as a way for companies to give back to the community and improve their reputation, but today, it is viewed as a critical part of a company’s operations and a key driver of long-term success and they are taking the help of CSR software(s) to achieve the goal immaculately. To understand, analyze and monitor the CSR activities in the organization. CSR Helping in Strategic Business Planning: One way that the role of CSR has changed is that it is now seen as a strategic business…
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What is Environmental, Social & Governance (ESG)- Brief Masterclass
Environmental, social, and governance (ESG) refer to the three key factors that investors consider when evaluating the sustainability and societal impact of an investment. ESG has become increasingly important in recent years, as investors and companies alike recognize the need to integrate sustainability into decision-making and take into account the long-term consequences of their actions. Environmental Factors: Environmental factors refer to the impact of an investment on the natural environment. This includes issues such as greenhouse gas emissions, resource use, waste generation, and ecosystem degradation. Investors may consider whether an investment is consistent with a transition to a low-carbon economy and whether it is aligned with environmental protection goals. Social…
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Corporate Social Responsibility (CSR): Challenges and Resolutions
Corporate social responsibility (CSR) is a concept that has gained increasing popularity in recent years. It refers to the idea that businesses have a responsibility to contribute to the well-being of society and the environment, beyond simply maximizing profits for their shareholders. While many companies have embraced CSR and have made significant strides in this area, there are still a number of challenges that need to be addressed. In this article, we will explore some of these challenges and offer some potential solutions. What are the Challenges Faced in CSR Implementation? One of the biggest challenges businesses face when it comes to CSR is the lack of a clear framework…
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8 Common Misconceptions about Land Management
If you’re a working professional in the land domain, you know the time and effort it takes to manage the information. Many are inclined to opt for automated tools to manage but get discouraged considering common myths believed in the industry. Check below to see if your judgment has been clouded by any of the following: 1. High Cost It is a common misconception that managing properties requires a lot of expenses. That is not the case. Currently, there are many players in the market providing high-end tools and services in exchange of a rather small fee. The cost of these services will save you a lot of additional expenses…
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Land Acquisition Process Made Easy – What Do You Need to Know?
The old Land Acquisition Act, 1894 was revised to Land Acquisition, Rehabilitation and Resettlement Bill in 2011. The bill was aimed to usher in more transparency in land acquisition procedures and provide fair compensation, and rehabilitation to the project-affected people. It mandated for organizations to rearrange benefits like land for employment, land and housing but one-time cash payments to people whose land was acquired. The entire process of land acquisition starts off with land title verification. The owner of the property and therefore the area is verified by tallying the survey number of the land. In States, where digitized land records are available the method, becomes easier. A central portal can store plot-wise ownership data captured from Records of Right (RoR)…
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What is Land Acquisition
Land acquisition in the process of acquiring land for industrialization, development of infrastructural facilities or urbanization of the private land by Government or private organizations. The Land Acquisition Act, 1894 (“1894 Act”) was replaced in 2013 by The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (“2013 Act”). The amendment bill – Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill was passed in 2015 (“2015 Law”). What is Rehabilitation & Resettlement Land acquisition and displacement alter the social, economic, cultural and environmental status of the affected population. The Rehabilitation and Resettlement Bill, 2007 provides for benefits and compensation to people displaced by land acquisition purchases or any other involuntary…
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What makes CSR Unique
India is the sole country in the world where Corporate Social Responsibility or CSR is mandated by the law from as early as 2013. While few organizations had been involved in CSR from very early on, it has been only recently when most of the others have started dedicating themselves to do their bit in giving back to society. But what makes CSR unique from Social work or Philanthropy is the fact that CSR involves the monitoring of impact created. What is the difference between Philanthropy, CSR and Sustainability Suppose, Ravi lives lavishly in his three-storey apartment with electricity, running water, A.C. etc. His neighbour Raj lives in a rented room struggling to pay for monthly water…
