fiinovation112

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The consequence results in unhealthy competitiveness spirit among local implementing agencies, which goes against the necessity to have rather than building collaborative approaches on important issues.

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The CSR activities in India should not be undertaken in the normal course of business and must be with respect to any of the activities mentioned in Schedule VII of the act”. After the enforcement of new Companies

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CSR is often associated with big corporates that have a high growth rate and big budgets to take up CSR initiatives. However, with the growing competition CSR offers a huge platform for startups.

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Apart from doing social good,  CSR can have multiple benefits for startups. It caters to the positive brand image building of the company. In a competitive business environment, it becomes critical for startups to create differentiation for customers. Positive image building through CSR

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They can utilize CSR to minimize risks, creating employment opportunities, improving productivity, optimum utilization of resources and project accountability for the society and environment. By making CSR a part of their business strategy, startups will build a positive

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Fiinovation, believe that corporates, CSOs and governments should pursue out of the box CSR ideas and align their forces around a comprehensive national CSR strategy to bring about real change on ground and set examples of social responsibility for other SMEs to emulate.

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One only has to take a close look at the CSR portfolio of prominent Indian companies prior to the implementation of the Act. They often didn’t have a full-fledged CSR Strategy

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There are immense opportunities in the CSR domain for the corporates. Their timely interventions in the social sector will also go a long way in improving the situation on the ground.

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The primary requirement of a CSR strategy is to adhere to the rules and regulations laid down by the Companies Act – 2013. Compliance ensures that the organization doesn’t contravene the law and that its funding for the social welfare follows statutory regulations including environmental laws

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CSR to make positive impact in the community rather than vying for the publicity. The effects will inevitably permeate and kick start change without any need to convert the goodwill generated into PR.

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The company should undertake CSR to make positive impact in the community rather than vying for the publicity. The effects will inevitably permeate and kick start change without any need to convert the goodwill generated into PR.

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The revolutionary act mandated companies, fulfilling specific criteria, to carry out CSR activities in India.While there are some companies whose CSR initiatives predate the enforcement of this law, however, this act has radically altered the way the social sector is looked at by making CSR

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Data collection is an essential factor in mapping the progress made in achieving short-term and long-term CSR goals of an organization. Data collection revolves around mapping fields relevant to the need assessments and is pivotal in zeroing in on the direct beneficiaries of the CSR strategy.

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The probability of errors and omissions increases significantly when the initiatives are based on desired outcomes. However, the case is entirely different when initiatives are based on well-researched facts and figures. Some of the factors to be taken into account while doing the groundwork for CSR

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The organization proudly houses Asia’s first Proposal and Research Laboratory, wherein research is primarily focused on our practice areas, which include health, education, livelihood, skills and environment. The unique lab facilitates the researchers in conducting both primary

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Innovative Financial Advisors Pvt. Ltd (Fiinovation), is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. It is focused towards enhancing quality across the organizational value chain through innovation.

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The blockchain-based decentralized platform acquires real-time on ground data through mobile applications ensuring greater efficiency and transparency for the stakeholders involved. The system provides traceability