Under existing tough competitive environment, Corporate Social Responsibility (CSR) review and reporting has become a must do tool for any Industry/ Organization which wants to demonstrate itself as a responsible corporate citizen. Corporate world is now being pushed to show responsible management by improving their positive contribution in non-financial areas as well, such as human rights, business ethics, environmental protection, social development, labour laws, community development, corporate governance, and local workplace.

CSR helps in streamlining the entire business operation process leading to enhanced profitability and better corporate governance, both strengthening the stakeholders’ trust in the company. It focuses on the social, environmental, and financial success of a company - the triple bottom line - with the overall objective of achieving sustainable development.

CSR has become the tool not only to overcome competition but also to ensure sustainable growth of the business. CSR is being more and more supported by the stakeholders and civil society.

Benefits of CSR

• Improved financial performance

• Reduced costs

• Enhanced brand image and reputation

• Increased sales and customer loyalty

• Customer satisfaction

• Increased productivity and quality

• Increased ability to attract and retain employees

• Increased market presence

• Edge over competitors

• Stakeholder’s satisfaction and confidence

• Sustainable development

To achieve results for reviewing and reporting under CSR, SEC provides adequate support through tools such as Life Cycle Assessment (LCA) and Social Accountability System (SA-8000). These systems enable organizations to implement CSR activities in a methodical and responsible manner. We provide guidance in undertaking CSR review as per Global Compact and Global Reporting Initiative (GRI) guidelines.