CSR at TCS
CSR at TCS
On
CSR Activities at TCS
SUBMITTED TO,
PROF. ASITA GHEWARI
BY,
ASHWINI K. DHATRAK
MBA-II (HR)
Roll No.: 11
Table of Content
Sr. No.
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Title
Introduction to CSR
Company Profile of TCS
CSR Activities at TCS
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1. INTRODUCTION
The 21st century is characterized by unprecedented challenges and opportunities,
arising from globalization, the desire for inclusive development and the imperatives of
climate change. Indian business, which is today viewed globally as a responsible
component of the ascendancy of India, is poised now to take on a leadership role in the
challenges of our times. It is recognized the world over that integrating social,
environmental and ethical responsibilities into the governance of businesses ensures their
long term success, competitiveness and sustainability. This approach also reaffirms the
view that businesses are an integral part of society, and have a critical and active role to
play in the sustenance and improvement of healthy ecosystems, in fostering social
inclusiveness and equity, and in upholding the essentials of ethical practices and good
governance. This also makes business sense as companies with effective CSR, have
image of socially responsible companies, achieve sustainable growth in their operations in
the long run and their products and services are preferred by the customers.
Indian entrepreneurs and business enterprises have a long tradition of working
within the values that have defined our nation's character for millennia. India's ancient
wisdom, which is still relevant today, inspires people to work for the larger objective of
the well-being of all stakeholders. These sound and all-encompassing values are even
more relevant in current times, as organizations grapple with the challenges of modernday enterprise, the aspirations of stakeholders and of citizens eager to be active
participants in economic growth and development.
The idea of CSR first came up in 1953 when it became an academic topic in HR
Bowens Social Responsibilities of the Business. Since then, there has been continuous
debate on the concept and its implementation. Although the idea has been around for
more than half a century, there is still no clear consensus over its definition.
One of the most contemporary definitions is from the World Bank Group, stating,
Corporate social responsibility is the commitment of businesses to contribute to
sustainable economic development by working with employees, their families, the local
community and society at large, to improve their lives in ways that are good for business
and for development
Fundamental Principle:
Each business entity should formulate a CSR policy to guide its strategic planning
and provide a roadmap for its CSR initiatives, which should be an integral part of overall
business policy and aligned with its business goals. The policy should be framed with the
participation of various level executives and should be approved by the Board.
Core Elements:
The CSR Policy should normally cover following core elements:
1. Care for all Stakeholders:
The companies should respect the interests of, and be responsive towards all
stakeholders, including shareholders, employees, customers, suppliers, project affected
people, society at large etc. and create value for all of them. They should develop
mechanism to actively engage with all stakeholders, inform them of inherent risks and
mitigate them where they occur.
2. Ethical functioning:
ii.
Promotion of education;
iii.
iv.
v.
vi.
vii.
viii.
ix.
Contribution to the Prime Ministers National Relief Fund or any other fund
set by the Central Government or the State Governments for socio-economic
development and relief and funds for the welfare of the Scheduled Caste, the
Scheduled Tribes, other backward classes, minorities and women.
2. COMPANY PROFILE
Mission of TCS reflects the Tata Group's longstanding commitment to providing
excellence:
To help customers achieve their business objectives by providing innovative, bestin-class consulting, IT solutions and services.
Values: Leading change, Integrity, Respect for the individual, Excellence, Learning and
sharing.
Tata Consultancy Services Limited (TCS) is an IT services, business solutions and
outsourcing organization that delivers real results to global businesses, with a high level
of certainty. TCS offers a consulting-led, complete and integrated portfolio of IT and ITenabled services delivered through its unique Global Network Delivery Model,
recognized as the benchmark of excellence in software development.
Founded in 1968 as part of the Tata group, TCS is headquartered in Mumbai, India
and is a public limited company, listed on the National Stock Exchange (NSE) and
Bombay Stock Exchange (BSE) in India. In FY 2011, TCS reported consolidated
revenues of USD 8.2 billion. TCS has built a global reputation for its ability to help
customers achieve their business objectives- by providing innovative, best-in-class
consulting, IT and IT-enabled solutions and services. TCS core set of values underpin all
activities in the Company and these include leadership with trust, integrity, excellence,
respect for the individual and learning/sharing.
The Company plans to further strengthen and consolidate its position in the global
IT industry as an integrated full services player with a global footprint in terms of
innovation, operations and service delivery.
Large global corporations which make up the customer-base are today looking for
strategic partners who not only excel in technology and possess a full-services delivery
capability but can also understand their business and leverage that domain expertise to
deliver technology-led solutions to their business problems.
The customer-centric, domain-led business unit structure helps TCS constantly
sharpen and grow its competencies in each of the industry verticals it services. Domain
expertise is advanced through investments made in a global network of solution centers
and innovation labs, hiring industry experts and by encouraging associates to get
industry-recognized certifications and training.
TCS has a Global Footprint
They have invested in building a large, global sales network to reach out to clients
across the world.
As of March 31, 2011, TCS had 145 offices across 42 countries, catering to some
1034 active clients.
The Tata group has consistently adhered to the practice of corporate governance
and has initiated the process of the triple bottom line, consisting of benchmarking with
global practices.
Corporate ethics and governance having once been edged into the backseat by
blatant commercial interest are now wending their way back into the boardroom. The Tata
group, has, however consistently adhered to the practice of corporate governance for
many years. The group has initiated the process of the triple bottom line, consisting of
benchmarking with global practices.
The triple bottom line addresses the need for a company to assume responsibility
towards environment and society. The triple bottom line, a three-fold manifesto,
constitutes a company's environmental obligation, its social responsibilities, and its
financial bottom line. Traditionally, companies have followed a stringent reporting system
of its financial position, whereas environmental and social obligations have been pushed
onto the backburner. But the house of Tatas has been practicing the triple bottom line
way before it became a norm with corporate houses worldwide.
In the long run, it is worthwhile for an enterprise to play the game of business
according to rules, even if their competitors do not. In effect, while this benefits society at
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large, it also helps build the community's faith in the company. The Tata group, for one,
can illustrate this from its own business experiences. Bihar is a case in point. The state is
a crucible of social and political unrest. Disruptive forces have made several attempts to
undermine the good work done by other corporate houses, but the efforts of the Tata
group have never been adversely affected.
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Shareholders
A Tata company shall be committed to enhancing shareholder value and
complying with all regulations and laws that govern shareholder rights. The board
of directors of a Tata company shall duly and fairly inform its shareholders about all
relevant aspects of the companys business, and disclose such information in
accordance with relevant regulations and agreements.
Corporate Citizenship
A Tata company shall be committed to good corporate citizenship, not only
in the compliance of all relevant laws and regulations but also by actively assisting
in the improvement of quality of life of the people in the communities in which it
operates. The company shall encourage volunteering by its employees and
collaboration with community groups.
Tata companies are also encouraged to develop systematic processes and
conduct management reviews, as stated in the Tata corporate sustainability
protocol, from time to time so as to set strategic direction for social development
activity.
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The company shall not treat these activities as optional, but should strive
to incorporate them as an integral part of its business plan.
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