BUSINESS RESPONSIBILITY Orientation on NVGs and

Transcript:BUSINESS RESPONSIBILITY Orientation on NVGs and:
BUSINESS RESPONSIBILITY Orientation on NVGs and their Operationalisation Chetna Kaura 1 2 Historical and Socio-economic Context Religious background Charity and philanthropy Principle of Trusteeship Social Responsibility - The Western Thought Environmental concerns Concerns related to corporate conduct National issues CSR and Beyond: A Holistic Approach to Business Responsibility 3 Government and Business Responsibility PM’s Ten Point Social Charter- 2007 MCA and CSR Voluntary Guidelines on CSR, 2009 National Voluntary Guidelines on Social, Environmental and Economic Responsibilities 2011 (NVGs) Planning Commission and Task Force on Business Regulation MoEF Draft Paper on Environmental Responsibility 4 Broad Structure of the NVGs Booklet Introduction to the Guidelines Principles and Core Elements Guidance on Implementation Application of Guidelines to MSMEs Business Responsibility Reporting Framework Annexure A: Business Case Matrix Annexure B: Resources Annexure C: List of Relevant Laws & Acts Mapped Annexure D: Endnotes- Explanation of Terms 5 Introduction to the Guidelines Refinement over CSR Voluntary Guidelines 2009 Mandate and Process Applicability Content and Structure – 9 Principles, 48 Core Elements Case studies 6 Nine Principles of the NVGs Principle 1: Businesses should conduct and govern themselves with Ethics, Transparency and Accountability Principle 2: Businesses should provide goods and services that are safe and contribute to sustainability throughout their lifecycle Principle 3: Businesses should promote the wellbeing of all employees 7 Nine Principles of the NVGs Principle 4: Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalised Principle 5: Businesses should respect and promote human rights Principle 6: Businesses should respect, protect and make efforts to restore the environment 8 Nine Principles of the NVGs Principle 7: Businesses when engaged in influencing public and regulatory policy, should do so in a responsible manner Principle 8: Businesses should support inclusive growth and equitable development Principle 9: Businesses should engage with and provide value to their customers and consumers in a responsible manner 9 Guidance on Implementation Leadership Integration Engagement Reporting Determining a Business Case 10 Application of NVGs to MSMEs Supply chain Globalization Multiplicity of prevailing codes is a challenge Multi pronged approach suggested: 1) Facilitating MSMEs to recognise the business case for adopting Responsible Business practices 2)Preference by public agencies and large players in value chains to MSMEs that follow BR practices 3)Handholding MSMEs during the adoption of the NVGs 11 Annual Business Responsibility Report Section A: General Information about the Company Section B: