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NMIMS Global Access School for Continuing Education (NGA-SCE)
Course: Corporate Social Responsibility
Internal Assignment Applicable for June 2018 Examination
1.
Sustainability is the current focus of business community globally and
businesses worldwide are including sustainability considerations in their
strategic business decisions as well as long term plans. Choose any one current
and live company, Indian or Multinational and explain how it is implementing
any three sustainability actions to reduce their negative environmental
footprints and why (refer to the sustainability report of the chosen company)
Answer: Sustainability
is very much important for business. Businesses responding to demands for
clearly visible sustainability practices are also more attractive to the new
class of ethical investors, and regain the costs of managing sustainability
through government grants and increased
2.
With the introduction of Companies Act 2013 for the first time CSR has been
legally acknowledged. Study the section 135, CSR rules as well as Schedule VII
of Companies Act 2013. According to you explain 10 logical reasons why in the
Companies Act 2013 CSR spend has been made selectively applicable for
businesses in our country.
Answer: We
know that, external stakeholders of an organization are too manyand varied and
many of them represent different sections or social groups. Thisimplies that
organizations should be socially responsible; that is, in addition tothe
interests of the shareholders, businesses or companies
3.
“Society is one of the critical stakeholders of business”.
a.
How does business impact local community positively as well as negatively?
b.
With the help of a live example from any company, Indian or Multinational,
elaborate how businesses are finding innovative ways to bring benefits to
themselves as well as to the local communities in which they operate.
Answer: a) In
an ever-changing global environment, the complexity of business hasmultiplied
at a fast pace. In this scenario, it becomes important to devisestrategies for
the direction taken by the business so as to enhance theperformance of the
organization. Every business has to evolve its
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