Corporate Social Responsibility and Industrialisation
Corporate social responsibility (CSR) is a concept whereby organizations voluntarily
take steps to improve the quality of life of employees and their families as well as of the local community and the society at large .An essential component of CSR is to see to the welfare of the community .The corporate giants endeavor to make a positive contribution to the underprivileged communities, by supporting a wide range of socio-economic, educational and health initiatives .CSR can be defined as , the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. CSR at its simplest is treating its stakeholders in a socially responsible way.This means the activities of the corporates should not in anyway have a deterring effect on life and environment,since live and let live is the motto every human should believe in.However if we assess the present day situation, in most of the urbanised areas pollution isan ever increasing menace to mankind.Polluion is the direct result of industrialisaion and urbanisation.Health hazards arerelated to pollution.Thus close monitoring of each and every activity of the corporates is essential,so that industrialisation does not further endanger life and environment.The importance of corporate social responsibility cannot be over emphasized.Pracical application of csr is still a farcry in most of the countries, since the monitoring authoities are callous and careless.Punitive measures are to be such for polluting that corporates would be exremely careful in implementing their plans.TSRDS of Tata Steel has done a commendable task so far in their csr policiy implementation.
Corporate Social Responsibility and Industrialisation