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Define corporate social responsibility.

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Define corporate social responsibility.

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Practice questions from similar books

Question 1

What do you mean by the principles derived from social values which guide and govern the conduct of businessmen?

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Question 2

Social responsibility is not an area of business. Do you agree? Justify.

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Question 3

CASE STUDY 1

M a r u t i S u z u k i s t r i v e s \to min i m i z e t h e c a r b o n f \infty t p r \int o f i t s m a ν f a c t u r \in g f a c i l i t i e s, \prod u c t s and \supset p l y c h a \in o p e r a t i o n s . T h e C o m p a n y b e l i e v e s t \hat{\in} v e s t \in g \in e n v i r o n m e n t i e n d l y t e c h n o lo g i e s m a k e s b u sin e s s s e n s e a s i t b r \in g s g \infty d r e t u r n s \in t h e m e d i u m \to l o n g t e r m .

The environment policy of the Company promotes energy conservation, 3Rs (Reduce, Reuse and Recycle), green procurement, environment friendly mobility and environment consciousness among its direct stakeholders. Going beyond compliance, the Company works closely with its parent company, Suzuki Motor Corporation, to introduce the latest environment friendly technologies in India, much ahead of statutory requirements. Maruti Suzuki became the first automobile company in India to register a Clean Development Mechanism (CDM) project with the United Nations Framework Convention on Climate Change (UNFCCC). In due course, the Company will earn tradable carbon credits. The Company sends all its hazardous waste to the cement industry for co-processing. All new vehicles are free of hazardous substances and comply with European End of Life vehicle regulations. The Company is working towards continuously improving the fuel efficiency of its cars.

T h e C o m p a n y h a s d e s i g \neq = d and i m p \leq m e n t e d v a r i o u s \in i t i a t i v e s \to a χ e v e z e r o \in j u r y and f a t a l i t y . T h e s e \in c l u d e d a r i g or o u s w or k p e r m i t s y s t e m and a n o n l \in e \in c i d e n t r e p or t \in g s y s t e m c a l \leq d W or k S a f e O n l \in e, t h r o u g h w h i c h \in c i d e n t s \in c l u d \in g \neq = a r - m i s s c a s e s a r e \cap t u r e d and r e p or t e d . T h e S a f e t y and W e l f a r e D e p a r t m e n t e n s u r e s w or k p l a c e s a f e t y, u n d e r t a k e s a w a r e \neq = s s and t r a \in\in g p r o g r a m m e s and e x e c u t e s a s a f e t y a c t i v i t y p l a n t \hat{i} s p l a \cap e d and r o l \leq d o u t e a c h m o n t h . I n a d d i t i o n \to p l a n t \leq v e l s a f e t y c o m m i e e s, d e p a r t m e n t a l s a f e t y c o m m i e e s h a v e b e e n f or m e d . T h e C e n t r a l S a f e t y L e a d e r s h i p C o u n c i l (C S L C) c o m p r i s e s ⊤ m a n a \geq m e n t o m a l l b u sin e s s v e r t i c a l s and r e v i e w s s a f e t y p e r f or m a n c e o f t h e C o m p a n y o n a q u a r t e r l y b a s i s .

All contractors and service providers working within the Company premises are required to observe 'Safety, Health and Environment' conditions. Separate training and awareness sessions are organised to sensitize them on occupational safety.

S o u r c e : h p s \frac{:}{/} w w w . m a r u t i s u z u k i . c o \frac{m}{s} o c i a l - p e r f or m a n c e . a s p x

Q.1 Quoting lines from the above passage, mention social responsibilities that Maruti Suzuki is fulfilling.

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Question 4

Do you think it will affect earning capacity of the company adversely? Justify your answer.

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Question Text

Define corporate social responsibility.

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