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CSR OBSERVATION OF PHARMACEUTICAL SECTOR
METHOD-
For the purposeof this study, 10 companies from pharmaceutical sectorwas
selected, according to corporateoffice present in Delhi and NCR area. From the
publicly available information (Accessible through websites, Business
Responsibility Reports, Annual Reports)over the last 3 financial years was
analyzed to map CSR initiatives supported by companies.
Step 1- Phone calls was made to corporate offices in order to get Email id of
concern person.
Step 2- Mail was sent to gate appointment.
Step 3- Went physically to corporateoffices.
RESULT-
No reply of mails forwarded to different companies.Companies didnt allowed to
meet their C.S.R team, they are least concern to discuss about C.S.R throughout
the project.Only one company out of 10 allowed to meet with H.R head .
OBSERVATION-
The 2% investment of net profit rule could lead to forced philanthropy, tokenism
or even corruption, and masking of data to avoid such type of activity.
We don'tas yet know what kind of government monitoring is there to monitor how
well this money is used.
Spending 2% on CSR is a lot, especially for companies that are trying to scale up
in these difficult times. Companies will try to manipulate the data.
Few companies are implementing there CSR activities on its own, through its non-
profit foundation or through independently registered non-profit organizations that
have a record of at least three years in similar activities. The CSR activity of the
companies is designed to do indirect marketing.
While the larger companies typically have CSR teams to carry out evaluations and
monitor the spends.
2
The small and medium size companies without a specialist team assigned for this
find it difficult to plan and monitor the spends. Pooling of resources by SMEs
could help to streamline the CSR investments.
Choosing the right from large number of NGOs present in India is not easy. Some
organizations such as Samhita Social Ventures and HelpYournNGO are trying to
facilitate this process bysetting up online portals to assist.
SUGGESTION-
1. Should wait till government is forming any monitoring bodyfor C.S.R activities.
2. Can improve presence through the web site.
3. Can advertise the presence to different SMEs, who are going to achieve C.S.R
requirement, according to Indian government norms.
4. Can target small companies who want to form C.S.R team and can work as a
consultant to guide them.
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C.s.r observaion of pharmaceutical sector. (1)

  • 1. 1 CSR OBSERVATION OF PHARMACEUTICAL SECTOR METHOD- For the purposeof this study, 10 companies from pharmaceutical sectorwas selected, according to corporateoffice present in Delhi and NCR area. From the publicly available information (Accessible through websites, Business Responsibility Reports, Annual Reports)over the last 3 financial years was analyzed to map CSR initiatives supported by companies. Step 1- Phone calls was made to corporate offices in order to get Email id of concern person. Step 2- Mail was sent to gate appointment. Step 3- Went physically to corporateoffices. RESULT- No reply of mails forwarded to different companies.Companies didnt allowed to meet their C.S.R team, they are least concern to discuss about C.S.R throughout the project.Only one company out of 10 allowed to meet with H.R head . OBSERVATION- The 2% investment of net profit rule could lead to forced philanthropy, tokenism or even corruption, and masking of data to avoid such type of activity. We don'tas yet know what kind of government monitoring is there to monitor how well this money is used. Spending 2% on CSR is a lot, especially for companies that are trying to scale up in these difficult times. Companies will try to manipulate the data. Few companies are implementing there CSR activities on its own, through its non- profit foundation or through independently registered non-profit organizations that have a record of at least three years in similar activities. The CSR activity of the companies is designed to do indirect marketing. While the larger companies typically have CSR teams to carry out evaluations and monitor the spends.
  • 2. 2 The small and medium size companies without a specialist team assigned for this find it difficult to plan and monitor the spends. Pooling of resources by SMEs could help to streamline the CSR investments. Choosing the right from large number of NGOs present in India is not easy. Some organizations such as Samhita Social Ventures and HelpYournNGO are trying to facilitate this process bysetting up online portals to assist. SUGGESTION- 1. Should wait till government is forming any monitoring bodyfor C.S.R activities. 2. Can improve presence through the web site. 3. Can advertise the presence to different SMEs, who are going to achieve C.S.R requirement, according to Indian government norms. 4. Can target small companies who want to form C.S.R team and can work as a consultant to guide them.