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Professional Ethics and Social
Responsibility for
Sustainability
PRESENTATION BY:
AKANSHA TYAGI
RIYA JAIN
RUCHIKA CHAUHAN
ANCHAL SAHARAWAT
Professional
Ethical
Codes
A professional code of ethics is a set of
principles designed to help professionals
distinguish right from wrong to govern their
decision-making.
A code of ethics and professional conduct
outlines the ethical principles that govern
decisions and behaviour at a company or
organization. They give general outlines of
how employees should behave, as well as
specific guidance for handling issues like
harassment, safety, and conflicts of interest.
•It can foster an environment of trust, ethical
behavior, integrity, and excellence.
•Every employee play by the same rules and
behaves in a certain way toward one another,
productivity tends to grow as conflicts and
confusions disappear from the workplace.
•Companies that pay strong attention to ethics also
find it easier to establish lasting partnerships both
within and outside their industry.
•The recent so called Weinstein effect, which is
term that is used to describe a worldwide wave of
sexual abuse allegations against film producer
Harvey Weinstein, which eventually gave rise to
#MeToo campaign. After it spent months looking for
a buyer or investor, The Weinstein Company was
eventually forced to file for bankruptcy because
nobody wanted to touch it.
The components of
the code of
professional ethics:
. 1. INTEGRITY AND HONESTY
•Be honest and transparent when you act in ways that
impact other people
•Organizations don’t tolerate malicious, deceitful or
petty conduct.
• An employee’s behaviour should contribute to the
organizational goals.
•Stealing from the company or other people is illegal
2. RESPECT FOR OTHERS
•It’s mandatory to respect everyone you
interact with.
•Be kind, polite and understanding.
•Respect others’ personal space, opinions
and privacy.
•If someone, be it customer, colleague or
stakeholder, is offensive, demeaning or
threatening to a person, the code of ethics
guidelines shall be referred for support.
3.JUSTICE
•Give everyone equal opportunity and speak
up when someone else doesn’t.
•be fair: Don’t show favouritism toward
specific employees and be transparent.
• If you think the company was wrong in a
specific instance, don’t try to cover it up or
accuse the other side. Discuss with the
management to find solutions that can
benefit both sides.
• Align your action with organizational
objectives.
• Occur whenever your interest in a
particular subject leads you to actions,
activities or relationships that undermine
the company.
•E.g. if an employee uses dubious methods to
get competitor and raise their sales record,
their action will have a positive impact on
the company’s revenue, but it put us at a
legal risk.
5. TEAMWORK
• Working well with others is a virtue,
rather than an obligation.
•Employees should also be ready to
collaborate with and help others.
•All members within an organization
should be generous with their
expertise and knowledge.
6. COMPETENCE &
ACCOUNTABILITY
•We all need to put a healthy amount of effort in
our work because we’re all responsible for the
organization’s success. also because slacking off
affects our colleagues.
• Incomplete or slow working might hinder other
people’s work or cause them to shoulder the
burden themselves. This creates conflict with
the respect and integrity principles of self and
others.
•Employees must take responsibility for their
actions. They shall be allowed to take
responsibility and come up with ways to fix
their mistakes wherever possible.
•An employee shall follow all laws which apply to the
organization. For example, accountants and medical
professionals have their own legal restrictions and
they must be fully aware of them.
•When preparing contracts, clauses, disclaimers or
online copy that may be governed by law (such as
consent forms), make sure to verify from the legal
counsel before finalizing anything.
•Organizations have confidentiality and data
protection policy that cover the employees. They must
not expose, disclose or endanger information of
customers, employees, stakeholders or our business,
and always follow the cyber security policy, too.
Whistle blowing
• Whistle blowing basically is done by an
employee where he finds that the ethical
rules are broken knowingly or
unknowingly and an imminent danger for
the company, consumers or the public.
• The whistle blowing needs a relook at the
same work and requires breaking with the
very group that the whistle-blower viewed
as critical to financial success of the group
and the company or very survival of the
company.
• The decision of whistle blowing may
involve destabilizing one’s life and placing
the entire organization under scrutiny.
• The attempt of an employee or former employee of
an organisation to disclose what he or she believes
to be wrong doing in or by the organisation.
• Whistle blowing can be
 internal,
 external,
 personal, and
 impersonal
• Whistle blowing goes against the strong bonds in
Indian companies and culture norms of showing
loyalty.
• The whistle blower may not only lose his or her job
but may also experience negative effect on his
career and personal life. The pressure on the
whistle-blower may range from outright
termination to more subtle pressures.
The conditions in which whistle
blowing is morally justified are:
A product or policy that will
commit serious and
considerable harm to the
public.
When the employee identifies
a serious threat or harm to the
consumers, employees, other
stakeholder, state and things
against his or her moral
concern.
No action is taken in spite of
best efforts of the employees
to remedy the situation of
unethical actions.
The employee must have
documented evidence that is
convincing to a reasonable
level.
Valid reasons to believe that
revealing the wrongdoing to
the public will result in the
changes in the organisation
are necessary to remedy the
situation.
• Under what circumstances and against what type of
activities can an employee below whistle against his
seniors or employer is important. It can be treated
as questionable loyalty. How to treat it depends
upon the way it is presented and the broad minded
attitude of the management.
• An employee will be in a moral dilemma whenever
he finds that his employer is doing immoral act and
will be in confusion of future course of his action. In
Indian conditions there are various examples where
an employee complains for violation of act and
loose the job in the process.
• Due to fear of losing the job many employees avoid
or delay whistle blowing. Most of them do it safely
after changing the job. This sometime could be too
late to alert the authorities concerned.
EXAMPLES
Ratna Ala is the 36-year-old son of a shepherd from Morvi district in
western Gujarat. Ala was blind since birth, but Braille made him an
able. When RTI act came in 2005 and he got to learn about it via
radio, he filled an RTI seeking information about a two-kilometre
stretch of the road that connected his village to the highway.
The road was in shambles, but the reply that he got shocked him. In
reply, he learnt that on paper, the road had been repaired twice in the
last two years. He handed over the reply to media and soon the road
was repaired. Since then, Ala became an RTI activist and unearthed
many scams.
For example, in 2007, he prevented officials who were giving 281
acres of the village grazing land to a clock factory without permissions
from the state government. In 2011, he exposed 154 bogus names in
voting of Sarpanch election in his village whereas, in 2014, he busted
a illegal mining racket, withstanding threats to life and refusing bribes.
• Next is an example of Lalit, a civil engineer by
qualification, blew the lid off widespread corruption
in MGNREGA in Palamu, Jharkhand. He had
become a threat to contractors and corrupt
government officials. He undertook social audit of
NREGA with the help of economist and before he
could unearth the scam he was murdered.
• The Chhatarpur Police found his body at Kandaghati
in Chhatarpur on May 15, 2008. His mutilated body
and a belt around his neck suggested he was
strangled and his face smashed to deform it beyond
recognition. The police buried the body as
unidentified the same day.
This shows how following one’s ethics brought that
person’s life to a horrendous end.
Following instances show how freedom of
speech is misutilised by the whistle blowers:
• In case of disclosing business secrecy, inventions, future
plans and some specific specialised practices which may
be confidential and of exclusive company usage.
• Whenever an employee remarks are irrelevant to the
organisations work and product.
• In case of wrong accusations which cannot be proved
and which are made in vengeance only end up
demoralizing the employees.
• When an employee is complaining against transfer,
demotion or discharge when such action is taken on the
basis of routine performance appraisal.
Precautions before Whistle Blowing:
Be clear about your intensions and likely consequences. Go ahead
only if you are convinced that the situation warrants whistle blowing.
Compile documents to support your case. Do not depend upon
hearsay.
Allegations should be stated appropriately with documents and to be
sent to the right person/ position.
Preferably take the internal route. If this does not work then try
external route.
Whistle blowing can be done openly or anonymously. If identity is
disclosed we should be prepared to face the consequences.
The three main reasons people give for not
reporting are:
• fear of the consequences (legal, financial, reputational)
• the belief that nothing will be done, that it will not make any
difference
• uncertainty about how, where and to whom to report
 Protecting whistleblowers from unfair treatment, including
retaliation, discrimination or disadvantage, can embolden people
to report wrongdoing and increase the likelihood that wrongdoing
is uncovered and penalised.
 Companies, public bodies and non-profit organisations should
introduce mechanisms for internal reporting.
 Employers should organise grievance redressal systems. This will
help employees to come forward with grievances. The committee
will attend the grievance and resolve them with the help of top
management. The external whistle blowing also can be taken up
by the grievance committee.
The following action will
reduce or prevent
external whistle
blowing:
• Create an effective internal grievance system so
that both present and past employees have no
reasons to complain.
• Appreciate employees and even adopt reward
system for solving problems though grievance
redressal system.
• Keep special officers in each unit to study and
evaluate wrong doings by various employees.
• Punish with heavy fines or retrenchment of
employees who indulge in unlawful and corrupt
practices.
CORPORATE
SOCIAL
RESPONSIBILITY
What is corporate social responsibility?
Acting in an ethical manner is the
concern of businesses for the welfare of
society. It consists of obligations beyond
those required by law or union contract.
This definition makes two important
points:
First, CSR is both voluntary and law
abiding.
Second, the obligations of corporate social
responsibility are broad. They extend
beyond investors in the company to
include workers, suppliers, consumers,
communities, and society at large.
2. Responsibility to
Employees
Keeping people employed and
letting them enjoy the fruits
of their labour is the finest
thing business can do for
society.
Beyond this, employers must
provide a clean, safe working
environment free from all
forms of discrimination.
Companies must strive to
provide job security as &
when possible.
ANY SETUP SHOULD UNDERSTAND THE GIVEN
RESPONSIBILITIES AT ATTRIBUTES OF CSR:
3. Responsibility to Customers
To be successful, a company
must satisfy its customers. A
firm must deliver what it
promises. Many consumers,
prefer to do business with
companies and brands that
communicate socially
responsible messages, utilize
sustainable business
processes, and practice
ethical business standards.
1. Responsibility to Society
A business provides a
community with jobs, goods,
and services. It also pays
taxes that support schools,
hospitals, and better roads.
Some companies have taken an
additional step to
demonstrate their commitment
to stakeholders and society
as a whole by becoming
Certified Benefit
Corporations, or B Corps for
short.
6. Environmental Protection
The world’s forests are being destroyed
fast. Plant and animal species are
becoming extinct at the rate of 17
species per hour. Many companies have
become more environmentally
responsible. For example, Toyota now
uses renewable energy sources such as
solar, wind, geothermal, and water
power for electricity to run its
facilities.
5. Corporate Philanthropy
This includes cash contributions,
donations of equipment and products, and
support for the volunteer efforts of
company employees.
The contribution is intended to overcome
the distress of a natural disaster and
provide emergency relief.
American Express is a major supporter of
the Red Cross. The funds provided by
American Express enabled the Red Cross to
deliver humanitarian relief to victims of
disasters around the world.
4. Responsibilities to Investors
Companies’ relationships with
investors also entail social
responsibility. Eg, a social
investment fund might eliminate all
companies that make tobacco products,
liquor, weapons, or have a history of
being environmentally irresponsible.
Some ethical mutual funds will not
invest in government securities
because they help to fund the
military; others freely buy government
securities.
IMPORTANT TRENDS RELATED
TO ETHICS AND CORPORATE
SOCIAL RESPONSIBILITY
1. Changes in Corporate Philanthropy: Historically, corporate
philanthropy has typically involved companies seeking out
charitable groups and giving them money or donating company
products or services. The focus has shifted to strategic giving,
tying philanthropy and corporate social responsibility efforts
closely to goals and targets donations to the communities.
2. A Social Contract between Employer and Employee:
Now, organizations recognize that the social contract between
employer and employee is an important aspect of the workplace
and that both groups have to be committed to working together
in order for the organization to prosper.
The social contract can be defined in terms of four important
aspects: compensation, management, culture, and learning and
development.
4. Sustainability: Sustainability is a concept derived from
environmentalism; it originally referred to the ability of a society or
company to continue to operate without compromising the planet’s
environmental condition in the future. Whether or not true sustainability
will be attainable in the near future, the development and promotion of
sustainability strategies has become an obsession for most large
corporations today. However, if we observe their actions rather than
their words, we may have cause for doubt.
3. The Growth Of Global Ethics And Corporate Social
Responsibility :
When the businesses expand into global markets, they must take
their codes of ethics and policies on corporate social responsibility
with them. These include respecting local practices and customs,
ensuring that there is harmony between the organization’s staff and
the host population, providing management leadership, and
developing a solid group of local managers who will be a credit to
their community. By fulfilling these responsibilities, the company will
foster respect for both local and international laws. Questions
involving child labour, forced labor, minimum wages, and workplace
safety can be particularly difficult in international operations and shall
be dealt with responsibility.
EXAMPLES
1. Godrej Consumer Products Limited: GCPL diverted 63 per cent of its
CSR budget to initiate medium to long-term livelihood recovery
programmes to support over 9000 nano entrepreneurs. GCPL achieved
zero waste-to-landfill and water positivity in the last financial year.It takes
back the post-consumer plastic packaging waste equivalent to the plastic
packaging it sends out.
2. Wipro Limited:During the last 12 months, Wipro has supported more than
1,561 projects covering humanitarian aid, integrated healthcare support, and
livelihoods regeneration, cumulatively reaching over 10 million by its
COVID-19 response.
3. Tata Power Company Limited:The company’s Adhikaar programme is an
interlinked socio-economic and scheme-based CSR initiative that aims to
inform, enable and empower marginalised communities. Teaming up with the
Rockefeller Foundation, the Tata Power Renewable Microgrid Limited
(TPRMG) was set up to enable access to reliable and renewable electricity for
25 million Indians. The program was awarded with gold at 9th ACEF Asian
Leaders Forum and Awards 2020 for ‘Excellence in CSR’.
EXAMPLES
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PFE.pptx

  • 1. Professional Ethics and Social Responsibility for Sustainability PRESENTATION BY: AKANSHA TYAGI RIYA JAIN RUCHIKA CHAUHAN ANCHAL SAHARAWAT
  • 2. Professional Ethical Codes A professional code of ethics is a set of principles designed to help professionals distinguish right from wrong to govern their decision-making. A code of ethics and professional conduct outlines the ethical principles that govern decisions and behaviour at a company or organization. They give general outlines of how employees should behave, as well as specific guidance for handling issues like harassment, safety, and conflicts of interest.
  • 3. •It can foster an environment of trust, ethical behavior, integrity, and excellence. •Every employee play by the same rules and behaves in a certain way toward one another, productivity tends to grow as conflicts and confusions disappear from the workplace. •Companies that pay strong attention to ethics also find it easier to establish lasting partnerships both within and outside their industry. •The recent so called Weinstein effect, which is term that is used to describe a worldwide wave of sexual abuse allegations against film producer Harvey Weinstein, which eventually gave rise to #MeToo campaign. After it spent months looking for a buyer or investor, The Weinstein Company was eventually forced to file for bankruptcy because nobody wanted to touch it.
  • 4. The components of the code of professional ethics: . 1. INTEGRITY AND HONESTY •Be honest and transparent when you act in ways that impact other people •Organizations don’t tolerate malicious, deceitful or petty conduct. • An employee’s behaviour should contribute to the organizational goals. •Stealing from the company or other people is illegal
  • 5. 2. RESPECT FOR OTHERS •It’s mandatory to respect everyone you interact with. •Be kind, polite and understanding. •Respect others’ personal space, opinions and privacy. •If someone, be it customer, colleague or stakeholder, is offensive, demeaning or threatening to a person, the code of ethics guidelines shall be referred for support. 3.JUSTICE •Give everyone equal opportunity and speak up when someone else doesn’t. •be fair: Don’t show favouritism toward specific employees and be transparent. • If you think the company was wrong in a specific instance, don’t try to cover it up or accuse the other side. Discuss with the management to find solutions that can benefit both sides.
  • 6. • Align your action with organizational objectives. • Occur whenever your interest in a particular subject leads you to actions, activities or relationships that undermine the company. •E.g. if an employee uses dubious methods to get competitor and raise their sales record, their action will have a positive impact on the company’s revenue, but it put us at a legal risk.
  • 7. 5. TEAMWORK • Working well with others is a virtue, rather than an obligation. •Employees should also be ready to collaborate with and help others. •All members within an organization should be generous with their expertise and knowledge. 6. COMPETENCE & ACCOUNTABILITY •We all need to put a healthy amount of effort in our work because we’re all responsible for the organization’s success. also because slacking off affects our colleagues. • Incomplete or slow working might hinder other people’s work or cause them to shoulder the burden themselves. This creates conflict with the respect and integrity principles of self and others. •Employees must take responsibility for their actions. They shall be allowed to take responsibility and come up with ways to fix their mistakes wherever possible.
  • 8. •An employee shall follow all laws which apply to the organization. For example, accountants and medical professionals have their own legal restrictions and they must be fully aware of them. •When preparing contracts, clauses, disclaimers or online copy that may be governed by law (such as consent forms), make sure to verify from the legal counsel before finalizing anything. •Organizations have confidentiality and data protection policy that cover the employees. They must not expose, disclose or endanger information of customers, employees, stakeholders or our business, and always follow the cyber security policy, too.
  • 9. Whistle blowing • Whistle blowing basically is done by an employee where he finds that the ethical rules are broken knowingly or unknowingly and an imminent danger for the company, consumers or the public. • The whistle blowing needs a relook at the same work and requires breaking with the very group that the whistle-blower viewed as critical to financial success of the group and the company or very survival of the company. • The decision of whistle blowing may involve destabilizing one’s life and placing the entire organization under scrutiny.
  • 10. • The attempt of an employee or former employee of an organisation to disclose what he or she believes to be wrong doing in or by the organisation. • Whistle blowing can be  internal,  external,  personal, and  impersonal • Whistle blowing goes against the strong bonds in Indian companies and culture norms of showing loyalty. • The whistle blower may not only lose his or her job but may also experience negative effect on his career and personal life. The pressure on the whistle-blower may range from outright termination to more subtle pressures.
  • 11. The conditions in which whistle blowing is morally justified are: A product or policy that will commit serious and considerable harm to the public. When the employee identifies a serious threat or harm to the consumers, employees, other stakeholder, state and things against his or her moral concern. No action is taken in spite of best efforts of the employees to remedy the situation of unethical actions. The employee must have documented evidence that is convincing to a reasonable level. Valid reasons to believe that revealing the wrongdoing to the public will result in the changes in the organisation are necessary to remedy the situation.
  • 12. • Under what circumstances and against what type of activities can an employee below whistle against his seniors or employer is important. It can be treated as questionable loyalty. How to treat it depends upon the way it is presented and the broad minded attitude of the management. • An employee will be in a moral dilemma whenever he finds that his employer is doing immoral act and will be in confusion of future course of his action. In Indian conditions there are various examples where an employee complains for violation of act and loose the job in the process. • Due to fear of losing the job many employees avoid or delay whistle blowing. Most of them do it safely after changing the job. This sometime could be too late to alert the authorities concerned.
  • 13. EXAMPLES Ratna Ala is the 36-year-old son of a shepherd from Morvi district in western Gujarat. Ala was blind since birth, but Braille made him an able. When RTI act came in 2005 and he got to learn about it via radio, he filled an RTI seeking information about a two-kilometre stretch of the road that connected his village to the highway. The road was in shambles, but the reply that he got shocked him. In reply, he learnt that on paper, the road had been repaired twice in the last two years. He handed over the reply to media and soon the road was repaired. Since then, Ala became an RTI activist and unearthed many scams. For example, in 2007, he prevented officials who were giving 281 acres of the village grazing land to a clock factory without permissions from the state government. In 2011, he exposed 154 bogus names in voting of Sarpanch election in his village whereas, in 2014, he busted a illegal mining racket, withstanding threats to life and refusing bribes.
  • 14. • Next is an example of Lalit, a civil engineer by qualification, blew the lid off widespread corruption in MGNREGA in Palamu, Jharkhand. He had become a threat to contractors and corrupt government officials. He undertook social audit of NREGA with the help of economist and before he could unearth the scam he was murdered. • The Chhatarpur Police found his body at Kandaghati in Chhatarpur on May 15, 2008. His mutilated body and a belt around his neck suggested he was strangled and his face smashed to deform it beyond recognition. The police buried the body as unidentified the same day. This shows how following one’s ethics brought that person’s life to a horrendous end.
  • 15. Following instances show how freedom of speech is misutilised by the whistle blowers: • In case of disclosing business secrecy, inventions, future plans and some specific specialised practices which may be confidential and of exclusive company usage. • Whenever an employee remarks are irrelevant to the organisations work and product. • In case of wrong accusations which cannot be proved and which are made in vengeance only end up demoralizing the employees. • When an employee is complaining against transfer, demotion or discharge when such action is taken on the basis of routine performance appraisal.
  • 16. Precautions before Whistle Blowing: Be clear about your intensions and likely consequences. Go ahead only if you are convinced that the situation warrants whistle blowing. Compile documents to support your case. Do not depend upon hearsay. Allegations should be stated appropriately with documents and to be sent to the right person/ position. Preferably take the internal route. If this does not work then try external route. Whistle blowing can be done openly or anonymously. If identity is disclosed we should be prepared to face the consequences.
  • 17. The three main reasons people give for not reporting are: • fear of the consequences (legal, financial, reputational) • the belief that nothing will be done, that it will not make any difference • uncertainty about how, where and to whom to report  Protecting whistleblowers from unfair treatment, including retaliation, discrimination or disadvantage, can embolden people to report wrongdoing and increase the likelihood that wrongdoing is uncovered and penalised.  Companies, public bodies and non-profit organisations should introduce mechanisms for internal reporting.  Employers should organise grievance redressal systems. This will help employees to come forward with grievances. The committee will attend the grievance and resolve them with the help of top management. The external whistle blowing also can be taken up by the grievance committee.
  • 18. The following action will reduce or prevent external whistle blowing: • Create an effective internal grievance system so that both present and past employees have no reasons to complain. • Appreciate employees and even adopt reward system for solving problems though grievance redressal system. • Keep special officers in each unit to study and evaluate wrong doings by various employees. • Punish with heavy fines or retrenchment of employees who indulge in unlawful and corrupt practices.
  • 20. What is corporate social responsibility? Acting in an ethical manner is the concern of businesses for the welfare of society. It consists of obligations beyond those required by law or union contract. This definition makes two important points: First, CSR is both voluntary and law abiding. Second, the obligations of corporate social responsibility are broad. They extend beyond investors in the company to include workers, suppliers, consumers, communities, and society at large.
  • 21. 2. Responsibility to Employees Keeping people employed and letting them enjoy the fruits of their labour is the finest thing business can do for society. Beyond this, employers must provide a clean, safe working environment free from all forms of discrimination. Companies must strive to provide job security as & when possible. ANY SETUP SHOULD UNDERSTAND THE GIVEN RESPONSIBILITIES AT ATTRIBUTES OF CSR: 3. Responsibility to Customers To be successful, a company must satisfy its customers. A firm must deliver what it promises. Many consumers, prefer to do business with companies and brands that communicate socially responsible messages, utilize sustainable business processes, and practice ethical business standards. 1. Responsibility to Society A business provides a community with jobs, goods, and services. It also pays taxes that support schools, hospitals, and better roads. Some companies have taken an additional step to demonstrate their commitment to stakeholders and society as a whole by becoming Certified Benefit Corporations, or B Corps for short.
  • 22. 6. Environmental Protection The world’s forests are being destroyed fast. Plant and animal species are becoming extinct at the rate of 17 species per hour. Many companies have become more environmentally responsible. For example, Toyota now uses renewable energy sources such as solar, wind, geothermal, and water power for electricity to run its facilities. 5. Corporate Philanthropy This includes cash contributions, donations of equipment and products, and support for the volunteer efforts of company employees. The contribution is intended to overcome the distress of a natural disaster and provide emergency relief. American Express is a major supporter of the Red Cross. The funds provided by American Express enabled the Red Cross to deliver humanitarian relief to victims of disasters around the world. 4. Responsibilities to Investors Companies’ relationships with investors also entail social responsibility. Eg, a social investment fund might eliminate all companies that make tobacco products, liquor, weapons, or have a history of being environmentally irresponsible. Some ethical mutual funds will not invest in government securities because they help to fund the military; others freely buy government securities.
  • 23. IMPORTANT TRENDS RELATED TO ETHICS AND CORPORATE SOCIAL RESPONSIBILITY 1. Changes in Corporate Philanthropy: Historically, corporate philanthropy has typically involved companies seeking out charitable groups and giving them money or donating company products or services. The focus has shifted to strategic giving, tying philanthropy and corporate social responsibility efforts closely to goals and targets donations to the communities. 2. A Social Contract between Employer and Employee: Now, organizations recognize that the social contract between employer and employee is an important aspect of the workplace and that both groups have to be committed to working together in order for the organization to prosper. The social contract can be defined in terms of four important aspects: compensation, management, culture, and learning and development.
  • 24. 4. Sustainability: Sustainability is a concept derived from environmentalism; it originally referred to the ability of a society or company to continue to operate without compromising the planet’s environmental condition in the future. Whether or not true sustainability will be attainable in the near future, the development and promotion of sustainability strategies has become an obsession for most large corporations today. However, if we observe their actions rather than their words, we may have cause for doubt. 3. The Growth Of Global Ethics And Corporate Social Responsibility : When the businesses expand into global markets, they must take their codes of ethics and policies on corporate social responsibility with them. These include respecting local practices and customs, ensuring that there is harmony between the organization’s staff and the host population, providing management leadership, and developing a solid group of local managers who will be a credit to their community. By fulfilling these responsibilities, the company will foster respect for both local and international laws. Questions involving child labour, forced labor, minimum wages, and workplace safety can be particularly difficult in international operations and shall be dealt with responsibility.
  • 25. EXAMPLES 1. Godrej Consumer Products Limited: GCPL diverted 63 per cent of its CSR budget to initiate medium to long-term livelihood recovery programmes to support over 9000 nano entrepreneurs. GCPL achieved zero waste-to-landfill and water positivity in the last financial year.It takes back the post-consumer plastic packaging waste equivalent to the plastic packaging it sends out. 2. Wipro Limited:During the last 12 months, Wipro has supported more than 1,561 projects covering humanitarian aid, integrated healthcare support, and livelihoods regeneration, cumulatively reaching over 10 million by its COVID-19 response. 3. Tata Power Company Limited:The company’s Adhikaar programme is an interlinked socio-economic and scheme-based CSR initiative that aims to inform, enable and empower marginalised communities. Teaming up with the Rockefeller Foundation, the Tata Power Renewable Microgrid Limited (TPRMG) was set up to enable access to reliable and renewable electricity for 25 million Indians. The program was awarded with gold at 9th ACEF Asian Leaders Forum and Awards 2020 for ‘Excellence in CSR’.