{"id":141,"date":"2020-01-28T14:50:00","date_gmt":"2020-01-28T09:20:00","guid":{"rendered":"http:\/\/192.168.1.39\/CyberSWIFT\/blog\/?p=46"},"modified":"2024-08-29T11:11:03","modified_gmt":"2024-08-29T05:41:03","slug":"what-makes-csr-unique","status":"publish","type":"post","link":"https:\/\/www.cyberswift.com\/blog\/what-makes-csr-unique\/","title":{"rendered":"What Makes CSR Unique"},"content":{"rendered":"\n<p>India is the sole country in the world where&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/en.wikipedia.org\/wiki\/Corporate_social_responsibility\">Corporate Social Responsibility<\/a>&nbsp;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&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.cyber-swift.com\/in\/products\/SwiftCSR\">CSR involves the monitoring of impact created<\/a>.&nbsp; <\/p>\n\n\n\n<h2><strong>What is the difference between Philanthropy,&nbsp;CSR and&nbsp;Sustainability<\/strong><\/h2>\n\n\n\n<div style=\"height:54px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img src=\"http:\/\/182.74.36.11\/CyberSWIFT\/blog\/wp-content\/uploads\/2020\/01\/Philanthory.jpg\" alt=\"\" class=\"wp-image-103\"\/><\/figure><\/div>\n\n\n\n<p>Suppose, Ravi lives lavishly in his three-storey apartment with electricity, running water, A.C.&nbsp;etc. His neighbour&nbsp;Raj lives in a rented room struggling to pay for monthly water and electricity bills and sometimes failing to pay bills, even goes without water.<\/p>\n\n\n\n<p><em>Situation A: Sometimes Ravi gives 2 buckets of water to Raj to sustain for the day<\/em><em><\/em><\/p>\n\n\n\n<p><em>Situation B: Ravi trains Raj and helps him find a better job according to his skills to make him able to pay his bills <\/em><em><\/em><\/p>\n\n\n\n<p><em>Situation C: Ravi realizes how important each resource and money is and thus regulates the usage of water and electricity in his own apartment <\/em><em><\/em><\/p>\n\n\n\n<p><em>Situation A is Philanthropy, Situation B is CSR or Social Responsibility, Situation C is Sustainability.<\/em><\/p>\n\n\n\n<h2>CSR <strong>Impact<\/strong> &amp; <strong>Expenditure<\/strong><\/h2>\n\n\n\n<p>Philanthropy is promoting the welfare of others, CSR is the duty of corporates towards the betterment of society. On the other hand sustainability is conducting one\u2019s business in a more environment-friendly way. While Philanthropy can be for all, <a href=\"https:\/\/www.cyberswift.com\/solution\/corporate-social-responsibility-software\">CSR &amp; Sustainability<\/a> mainly focuses on the corporate organizations. Both CSR &amp; Sustainability focus on the impact associated apart from the money spent. A study was conducted by SoulAce on the CSR expenditure for the year 2018-19 of leading 100 companies consisted of a mixture of Public Sector Enterprises (25) and Non-Public Sector Enterprises (75). The total expenditure of these 100 companies was INR 9,463 crores. With so much fund associated, organizations are focusing more and more on the impact created.<\/p>\n\n\n\n<h2><strong>What are the CSR Assessment<\/strong><\/h2>\n\n\n\n<p>With the increasing expenditure and projects, manual <a href=\"https:\/\/www.cyberswift.com\/in\/products\/csr-management-software\">CSR monitoring and management<\/a> has become cumbersome and prone to error. Thus a lot of opportunities are growing in the areas of information technology to automate the process of monitoring CSR and Sustainability. <a href=\"https:\/\/www.cyberswift.com\/in\/services\/gis-service\">Geospatial Information System (GIS)<\/a> &amp; <a href=\"https:\/\/www.cyberswift.com\/in\/products\">Management Information System (MIS)<\/a> technologies are becoming handy for analyzing need, remote monitoring of projects, impact assessment and so on. While GIS helps in visualization of the data, MIS is associated with analyzing and decision support making collection and collation of information easier and faster.<\/p>\n\n\n\n<p>Going beyond the regulatory compliances, an increasing number of organizations are incorporating the concept of CSR into their organizational structure. The key challenge is of identifying problems in core action areas to drive maximum impact, enhance projects and utilize funds. A CSR Software helps to create a bridge between the targeted stakeholders, community and NGOs.&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/marketreportobserver.com\/corporate-social-responsibility-csr-software-market-2020-trends-size-share-growth-insight-competitive-analysis-segments-overview-regional-and-global-industry-forecast-to-2025\/\">Market Research<\/a>&nbsp;reveals advancements in technology have led to modern robust systems. These CSR specialized tools like <a href=\"https:\/\/techniedges.com\/best-email-clients-for-windows-10\/\">Windows 10 email clients<\/a> are built by IT experts with sector-specific knowledge and subject matter expertise to bring solutions to the table that can help address the challenges of corporates and NGOs. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is the sole country in the world where&nbsp;Corporate Social Responsibility&nbsp;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&nbsp;CSR involves the monitoring of impact created.&nbsp; What is the difference between Philanthropy,&nbsp;CSR and&nbsp;Sustainability Suppose, Ravi lives lavishly in his three-storey apartment with electricity, running water, A.C.&nbsp;etc. His neighbour&nbsp;Raj lives in a rented room struggling to pay for monthly water and electricity bills and sometimes failing to pay bills, even goes without water. Situation A: Sometimes Ravi gives 2 buckets of water to Raj to sustain for the day Situation B: Ravi trains Raj and helps him find a better job according to his skills to make him able to pay his bills Situation C: Ravi realizes how important each resource and money is and thus regulates the usage of water and electricity in his own apartment Situation A is Philanthropy, Situation B is CSR or Social Responsibility, Situation C is Sustainability. CSR Impact &amp; Expenditure Philanthropy is promoting the welfare of others, CSR is the duty of corporates towards the betterment of society. On the other hand sustainability is conducting one\u2019s business in a more environment-friendly way. While Philanthropy can be for all, CSR &amp; Sustainability mainly focuses on the corporate organizations. Both CSR &amp; Sustainability focus on the impact associated apart from the money spent. A study was conducted by SoulAce on the CSR expenditure for the year 2018-19 of leading 100 companies consisted of a mixture of Public Sector Enterprises (25) and Non-Public Sector Enterprises (75). The total expenditure of these 100 companies was INR 9,463 crores. With so much fund associated, organizations are focusing more and more on the impact created. What are the CSR Assessment With the increasing expenditure and projects, manual CSR monitoring and management has become cumbersome and prone to error. Thus a lot of opportunities are growing in the areas of information technology to automate the process of monitoring CSR and Sustainability. Geospatial Information System (GIS) &amp; Management Information System (MIS) technologies are becoming handy for analyzing need, remote monitoring of projects, impact assessment and so on. While GIS helps in visualization of the data, MIS is associated with analyzing and decision support making collection and collation of information easier and faster. Going beyond the regulatory compliances, an increasing number of organizations are incorporating the concept of CSR into their organizational structure. The key challenge is of identifying problems in core action areas to drive maximum impact, enhance projects and utilize funds. A CSR Software helps to create a bridge between the targeted stakeholders, community and NGOs.&nbsp;Market Research&nbsp;reveals advancements in technology have led to modern robust systems. These CSR specialized tools like Windows 10 email clients are built by IT experts with sector-specific knowledge and subject matter expertise to bring solutions to the table that can help address the challenges of corporates and NGOs.<\/p>\n","protected":false},"author":3,"featured_media":144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[23,25,26,27,28,29],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What makes CSR Unique | CSR Impact | CyberSWIFT<\/title>\n<meta name=\"description\" content=\"Many organizations are incorporating the concept of CSR. With the use of a proper CSR monitoring software, they are able to create an impact in the society\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cyber-swift.com\/blog\/what-makes-csr-unique\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What makes CSR Unique\" \/>\n<meta property=\"og:description\" content=\"Many organizations are incorporating the concept of CSR. With the use of a proper CSR monitoring software, they are able to create an impact in the society\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cyber-swift.com\/blog\/what-makes-csr-unique\/\" \/>\n<meta property=\"og:site_name\" content=\"CyberSWIFT\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/meetcyberswift\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-28T09:20:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-29T05:41:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cyberswift.com\/blog\/wp-content\/uploads\/2020\/01\/Philanthory-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What makes CSR Unique\" \/>\n<meta name=\"twitter:description\" content=\"Many organizations are incorporating the concept of CSR. 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