Fiinovation CSR - Opportunities and threats of corporate social responsibility in India

 

In this modern era, Consumer is the king. Every company is incomplete without consumer, employees, stakeholders, society, suppliers, distributors etc. The company’s success and survival are in the hands of consumers.  If the companies will do well for the society, environment, government, stakeholders, consumers and suppliers, etc. then only it will be able to achieve its goals otherwise it will not survive for long. Nowadays, companies are taking initiatives for the CSR activities and they know their responsibilities and duties and they are also trying to contribute more and more for them. CSR has come a long way in India.  India is the first country to legally mandate corporate social responsibility. CSR is divided into three theories such as utilitarian theory, managerial theory and relational theory. The utilitarian theory explains social cost and idea for functionalism and neo-functionalism, the managerial theory explains political approaches, globalization pressure, and domestic political structures, and the relational theory explains the related environment. Fiinovation aims “To ensure that development is not only sustainable and simplistic, but accessible as well”. Fiinovation practices include health, education, livelihood, and environmental skills.

Corporate social responsibility is the positive activity which is performed by any company, business or organization that affects the employees, society, local authorities, environment and economy positively. Fiinovation CSR is related to making sustainable development, improvement of human society, local community and contribution in the eradication of social evils and by not forgetting the rules and regulations and law. There are many companies who are engaging themselves in this activity at higher levels and contributing to society, utilizing and managing in a better way. CSR programs can be related to education, environment, health care, infrastructure, protection and technology awareness etc. There are three main concepts where companies usually focused on are human resource management, environmental management and social distribution. Human resource management consists of providing a safe and friendly working environment to customers, suppliers and employees, to value corporate culture, to ensure maximum satisfaction to customers, and to provide an authoritative explanation. The social contribution consists of providing welfare of the society, contribution to local communities and authorities, good corporate citizenship, and assisting for reconstruction after a disaster Fiinovation projects. Environmental management consists of providing efforts to achieve low carbon society, recycling of wastes and scrap Bio-conservation activity, make use of efficient energy tools etc.

 The corporate world realized that today’s scenario of globalization needs CSR and without the presence of CSR, company’s can’t compete effectively and efficiently in the market. CSR strategies are helpful for future decisions related to investments,  competing with MNCs, increasing international relationships, enhancing creditworthiness, reputation, recognition and building a brand image, etc. Fiinovation CSR helps to create lots of opportunities for companies or businesses, such as better visibility of the business in all areas, the better impact of the brand image of the business house on the minds of customers, deep understanding of mutual dependency and highest potential of mutual benefits. Sometimes CSR creates the risk such as, we all know India is the first country to legally mandate CSR that makes CSR spending compulsory as a percentage of their annual profit and for these rules and regulations are strict. Some companies still may be using old CSR language, not keeping up with new buzzwords. Business operations can be slowed by the internal bureaucracy created by CSR. Core competencies and less photogenic operations can be ignored.

Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a global consulting company operating in multiple disciplines of the social development sector with an emphasis on CSR and Sustainability. Fiinovation was established in 2008, by Dr. Soumitro Chakraborty. It basically focuses on social problems such as age, gender, equality, livelihood for women,  waste management, rain harvesting, open defecation, disaster management, rural tourism,  impact on health, manual scavenging, affirmative action, antenatal care, agriculture development,  etc. Fiinovation projects have mentioned all their projects based on social problems. Fiinovation’s main specialities are CSR-CSO Partnership, Initiative Design & Management, Monitoring & Evaluation- Need Assessment, Baseline, Mid-line, Endline Study & Impact Assessments, CSR Policy Design, CSR Livelihood, Skill Development, Education, Health,  Environment Projects & Initiatives. Simplicity, transparency, and quality are three morals shown in every Fiinovation project. Fiinovation CEO  Dr. Soumitro Chakraborty and team are honoured by many awards in the field of Health, Education, Environment and Livelihood with a focus on CSR & Sustainability.  Many corporates, organizations and NGOs have appreciated Fiinovation CSR activity projects and are also covered by well-known media channels too.  Corporate social responsibility activities are mentioned in Fiinovation Blogs that explains how solving social problems is their first responsibility. 

We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation Facebook: Using Social media for CSR campaigns

Nowadays people’s spending more time on social media. In the Corporate world, Social media is the best tool to reach out to your Society. For example, the person who wants to search about a particular company, then he/she not only visits the company’s website but also their social media accounts too because they want to see how their office culture, environment, peoples, reviews etc. The corporate world is spending more time on Corporate social responsibility activities, so it can help to gain the trust of their Society. The main question is why Corporate Social responsibility is the focus point of organizations is to attract customers and retain consumers. Consumers who always attract to those organization's who are performing CSR activities, because it builds the trust between Consumer and organization. Corporate Social responsibility is basically a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. The consumer is the part of Society and Society is part of CSR because in society there are various particular parties and the organization's main goal is to satisfy all parties they contract with. The Organization’s main aim is to create economic and social value to their organization, for a shareholder, it might be to increase wealth, or for the government to decrease unemployment and increase Gross Domestic Product by high volume production of an organization.

The corporate world promotes its Corporate social responsibility activities on social media, such as Facebook, Instagram, Twitter, Linkedin, or their own social media platform, etc.

Once their CSR activities reach out to the audience, then the chances might be increased that their audience shares it with others. Today is Corporate social responsibility is really important because it produces an overall positive impact on society. The CSR benefits have received increased attention from researchers, scholars and international organizations bodies such as Civil Society Organisations, technical experts, academics, international organizations, and other stakeholders. Corporations use CSR practices as a strategy to strengthen their relations with employees, investors, suppliers, government and customers. Corporate Social responsibility is a long-term and sustainability business strategy regardless of any economical and financial downturn.

Corporate social responsibility and brand marketing have a strong impact on society and it makes them assess your message and its relevance to the current context. Corporate social responsibility and brand marketing is indeed a great way to give back to your community and highlight important causes that affect your industry, or society as well. If you want to your CSR campaign is getting reach by society and need more impressions, then it's needed some strategies which helps to make a strong impact on social media, such as picking a cause that speaks to your target demographics, suppose your audience is young adults, then speak about the causes that affect in their everyday life, health issues, mental problems, how technology is impactful, etc as well as your audience is not only consumers it also influencers, investors and stakeholders too, so make sure just not only focus on like and shares but also impacting the relevant target audience who can step up and contribute to the cause or at least be more aware of their choices.

Innovative Financial Advisors Pvt. Ltd (Fiinovation) is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. Fiinovation’s main aim is to provide funds to other NGOs and working on their own Corporate Social Responsibility activities and also partnered with many organizations who want to provide CSR activities. Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. Fiinovation talks about many major problems such as waste management, rain harvesting, open defecation, disaster management, rural tourism, how to achieve universal health coverage in India, affirmative action and CSR for promoting livelihood for women, how to redefine CSR sector, gender equality, how CSR makes your startups most impactful, survival on streets, drugs impact on health, manual scavenging, CSR for agriculture development, antenatal care, female participation in agriculture in India. fiinovation has done many successful projects, the following mentioned projects in their fiinovation projects. Fiinovation believes in achieving simplicity in everything to build solutions that are efficient and easy to scale, also believe transparency builds trust and fosters growth and without any compromising in the quality of work because they value their customers. Simplicity, transparency, and quality are three morals shown in every Fiinovation project. This is the reason Fiinovation is positive and more impactful than other firms. Fiinovation work towards bringing dispersal of knowledge among the public in general or to take initiative for the development of the society. Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation’s main aim is to provide social services to the society. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels too. The Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation CEO Dr.Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation Client Login - What CSR looks like in 2020

COVID-19 pandemic has changed the world in many ways. Due to COVID- 19 pandemic, several countries across the world have declared lockdown. People are forced to not to go outside the home, the situation day by day is worsened. Globally there are 14,971,036 confirmed cases till mid-July, and it's increasing continuously. There is no exact confirmed date to world COVID-19 free, because it's based on the situations as well. Many pharma companies are trying to build COVID-19 vaccine. Using this vaccine will help to boost immune power of COVID-19 affected peoples. There are many organization's who are still paying attention to constantly taking part in Contribution, and having the help of countries to solve the issues of the Covid-19 pandemic crisis. We are definitely in a time of need right now and transferring the ideals of CSR to the dislocation caused by COVID-19 can be of great benefit now for all of us, as employees, as consumers and most importantly, as people trying our best to get through an extremely challenging time.

The global COVID-19 crisis changed the definition of Corporate social responsibility. CSR is a self- regulating business model that helps a company be socially accountable- to itself, its stakeholders, and the public. The organization’s started to allow their employees to work from home, in fact, treated their employees well and also helped the society such as providing direct relief funds to the government for COVID-19 pandemic crisis, etc. Many companies such as Apple, Google, Nike, Goldman Sachs, TCS, Mahindra, Uber have responded with financial aid, and in kind-support. Covid-19 pandemic leads to many serious issues such as unemployment, global poverty, food and shelter problems, labour underutilisation, the rapid decline of economy etc. According to a United Nations International labour organization (ILO) report, there are 188 million people unemployed. In addition, 165 million people do not have enough paid work, and 120 million have either given up actively searching for work. In total, more than 470 million people worldwide are affected as well as poverty also has extremely increased. Seeing this situation many organizations declared that they are not going to fire their employees, Some of organization's provide employment in pandemic situations. Many companies are doing research to tackle COVID-19.

In India, according to the Economic Times, to nearly two dozen top corporate employers including TCS, Dabur, Flipkart, Ola, Axis Bank, Bank of Baroda, Vedanta, RPG Group, EY, KPMG, Panasonic, Siemens, Deloitte, Microsoft, Wipro, ITC, AMD, Tata Steel, Schneider India, Dalmia Bharat Group, Accenture, Swiggy, Motilal Oswal Financial Services, RBS India, BigBasket and Welspun Group, and all of them said saving human capital and wellbeing of employees is the most crucial task before their managers and HR leaders. And they have come up with novel ideas – ranging from doctor on call, psychological counselling and online meditation and fitness sessions to virtual team lunches and dedicated ‘work for home' hours to help in household work – to keep their employees motivated and engaged.

Innovative Financial Advisors Pvt. Ltd (Fiinovation) is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. Fiinovation’s main aim is to provide funds to other NGOs and working on their Corporate Social Responsibility activities. Fiinovation always talks about many major problems such as waste management, rain harvesting, open defecation, disaster management, rural tourism, how to achieve universal health coverage in India, affirmative action and CSR for promoting livelihood for women, how to redefine CSR sector, gender equality, how CSR makes your startups most impactful, survival on streets, drugs impact on health, manual scavenging, CSR for agriculture development, antenatal care, female participation in agriculture in India. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for the developing nation India. They mainly focus on social problems. But now Fiinovation mainly focuses on providing direct relief funds to needs who are poor and due to COVID-19 they have no place to live, natural disasters affected peoples who lost their homes, etc. Due to the help of many companies, Fiinovation collects funds and provides to the needs and as well as provides funds to the other NGOs too. Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. Fiinovation visits many affected areas and provides direct relief funds. Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. fiinovation has done many successful projects, the following mentioned projects in their fiinovation projects. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. In February 2017 Fiinovation and Uflex Ltd jointly awarded for Best Environment-Friendly Projects and the title of the project was Natural resource conservation & optimization of ecosystem services’’. The Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation CEO Dr Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India.

Fiinovation Contact - Corporate social responsibility in times of financial crisis

Corporate social responsibility (CSR) is an essential topic that is receiving increasing attention from organizations. Corporate world focusing on Corporate social responsibility because CSR is highly associated with good corporate governance. Organizations have a large, positive or negative, direct or indirect influence on every party in society. Society is part of CSR because in society there are various particular parties and the organization's main goal is to satisfy all parties they contract with. The Organization’s main aim is to create economic and social value to their organization, for a shareholder, it might be to increase wealth, or for the government to decrease unemployment and increase Gross Domestic Product by high volume production of an organization. Thus, the role of organizations in balancing the interacting benefits or expectations of each party is crucial for both society and the business environment. According to Flavia Thomé, Triple Bottom-Line, “CSR role of corporations in the larger social and environmental contract is key in preserving an ideal equilibrium of confidence and responsibility”. Organizations may choose to engage in actions where their products or activities are linked to a wider social or environmental good. For example, Food products manufacturers joined hands with Govt schools, NGOs by supplying Food. On the other hand, responsible actions should be recognized as not just necessary, but a business imperative. It is good business to understand the role that your organization plays in the broader society and to leverage your resources in order to manage and satisfy your stakeholders. Keeping CSR at the periphery of the business model will go some of the ways towards improving stakeholder relations and reestablishing much needed trust. Corporate social responsibility principles are considered important starting points in improving business operation.

Companies that understand and implement the social responsibility strategy into their business core are able to anticipate changes through their CSR practices. The current crisis made shareholders rethink their business strategies and to consider the environment and social responsibilities important practices for the society and economic system. The CSR benefits have received increased attention from researchers, scholars and international organizations bodies such as Civil Society Organisations, technical experts, academics, international organizations, and other stakeholders. Corporations use CSR practices as a strategy to strengthen their relations with employees, investors, suppliers, government and customers. Corporate social responsibility practices as a long–term and sustainable business strategy regardless of any financial and or/economic downturn. The financial crisis has shaken many companies and caused losses and damage. However, in these uncertain situations, the crisis had brought not only threats but opportunities as well. The financial crisis can be a good indicator of socially responsible business activity. It highlights if companies connected their CSR practices to their core business in a responsible way or they fall victim to cost-cutting measures. Corporate social responsibility practices do not positively affect only financial performance but also the company's good reputation and differentiate the company from competitors through their goods and services.

Innovative Financial Advisors Pvt. Ltd (Fiinovation) is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. Fiinovation’s main aim is to provide funds to other NGOs and working on their Corporate Social Responsibility activities. Due to Covid-19 pandemic fiinovation provides many funds to other NGOs and also working on their own projects to go to affected areas and provide help. Fiinovation visits many affected areas and provides direct relief. Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. Fiinovation talks about many major problems such as waste management, rain harvesting, open defecation, disaster management, rural tourism, how to achieve universal health coverage in India, affirmative action and CSR for promoting livelihood for women, how to redefine CSR sector, gender equality, how CSR makes your startups most impactful, survival on streets, drugs impact on health, manual scavenging, CSR for agriculture development, antenatal care, female participation in agriculture in India. fiinovation has done many successful projects, the following mentioned projects in their fiinovation projects. Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation’s main aim is to provide social services to the society. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. In February 2017 Fiinovation and Uflex Ltd jointly awarded for Best Environment-Friendly Projects and the title of the project was Natural resource conservation & optimization of ecosystem services’’. The Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation CEO Dr.Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation client login - CSR in an era of Covid-19

Every organization should take part in Corporate Social responsibility. It helps to improve sustainability growth and sincerity towards social responsibility, and the activities that are conducted by the company which helps to achieve goals. Covid-19 pandemic hugely affects the world and the economic impact of the 2020 coronavirus pandemic in the world has been largely disruptive. COVID-19 pandemic has changed the world in many ways. Due to COVID- 19 pandemic, several countries across the world have declared lockdown. Due to lockdown billions of people who are now sitting at home, and lots of businesses who are shutting down and ceasing almost all economic activity.

Covid-19 pandemic leads to many serious issues such as unemployment, global poverty, food and shelter problems, labour underutilisation, the rapid decline of economy etc. According to a United Nations International labour organization (ILO) report, there are 188 million people unemployed. In addition, 165 million people do not have enough paid work, and 120 million have either given up actively searching for work. In total, more than 470 million people worldwide are affected as well as poverty also has extremely increased. In COVID-19 pandemic period several countries who are facing natural disasters such as flooding, earthquakes, wildfire etc. It makes the situation more difficult for countries.

There are many organization's who are constantly taking part in Contribution, and having the help of countries to solve the issues of the Covid-19 pandemic crisis. We are definitely in a time of need right now and transferring the ideals of CSR to the dislocation caused by COVID-19 can be of great benefit now for all of us, as employees, as consumers and most importantly, as people trying our best to get through an extremely challenging time.

Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for the developing nation India. They mainly focus on social problems. Innovative Financial Advisors Pvt. Ltd (Fiinovation) is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. Fiinovation’s main aim is to provide funds to other NGOs and working on their Corporate Social Responsibility activities. Due to Covid-19 pandemic fiinovation provides many funds to other NGOs and also working on their own projects to go to affected areas and provide help. Fiinovation visits many affected areas and provides direct relief such as recently Fiinovation visits Udaipur, Rajasthan, supported by Sandvik Asia where they had provided technical support for a relief and awareness project and aimed at providing essential supplies to 500 underprivileged families and generating awareness by conducting sensitization campaigns on hygiene for containment of coronavirus and provide direct relief to the families of poor, migrant daily-wage earners, mine workers, construction labourers and others who were unemployed due to COVID-19. Fiinovation and SMS India Pvt. Ltd, Gurugram (SMS group Germany subsidiary) joined hands and designed a community level CSR project for fostering awareness for COVID 19 and aiding the marginalized section of the society in Sakore Nagar and Shivaji Nagar, Pune. The project helped the financially weak section of the targeted areas by providing the essential supplies amidst lock-down and spread awareness on basic hygiene and advisory guidelines to safeguard the vulnerable community from the pandemic. Apart from provisioning food rations, hygiene kits were also distributed among the beneficiaries in order to encourage them to adopt safe hygiene practices. Fiinovation provided technical support for a COVID-19 Relief and Awareness project in Mahesana, Gujarat, supported by Sandvik Asia Pvt. Ltd. The project was implemented in Rajpur village and other surrounding villages near Sandvik’s plant in Gujarat and provided dry ration and hygiene kits to over 500 underprivileged families throughout the lockdown. Innovative Financial Advisors Pvt. Ltd. (Fiinovation) and SMS India Pvt. Ltd, Gurugram, designed a multi-layered CSR project to support the vulnerable section of the community. The project was implemented in the Khordha district of Odisha and benefited around 2500 households of the area. The intervention’s main objective was to foster awareness for COVID 19 and aid the vulnerable and destitute with essential supplies to enable them to cope up with the deadly pandemic and its repercussions. Fiinovation joined hands with Admitad India, a part of Admitad- a global affiliate network. As part of the partnership, a community-level intervention was designed to support the people living in the slum regions around Delhi-NCR, and also the migrant labourers. Ration kits along with essential commodities such as masks, sanitizers and hygiene kits were distributed among the families of the labourers and daily wagers. The project also focused on generating awareness on various precautionary measures to ensure the safety of beneficiaries.

Fiinovation always talks about many major problems such as waste management, rain harvesting, open defecation, disaster management, rural tourism, how to achieve universal health coverage in India, affirmative action and CSR for promoting livelihood for women, how to redefine CSR sector, gender equality, how CSR makes your startups most impactful, survival on streets, drugs impact on health, manual scavenging, CSR for agriculture development, antenatal care, female participation in agriculture in India. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. fiinovation has done many successful projects, the following mentioned projects in their fiinovation projects. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. In February 2017 Fiinovation and Uflex Ltd jointly awarded for Best Environment-Friendly Projects and the title of the project was Natural resource conservation & optimization of ecosystem services’’. The Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation CEO Dr. Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work.We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation CSR | Sustainability in India

“Vasudhaiva Kutumbakam” means “the world is one family”. This phrase captures the spirit of India’s approach to all aspects of life including economic development. India has played a key role in shaping the Sustainable development Goals and ensuring the balance among its three pillars — economic, social and environmental. India has launched many programs to make progress towards these goals. India has played an important role in shaping the Sustainable Development Goals (SDGs). India’s commitment to the national development agenda and SDGs, the Parliament of India has taken exemplary initiatives to propel the SDG agenda forward. Parliament of India has organized several forums, which helped achieve the SDGs.

India’s main issues that lead to destruction are poverty, gender inequality, malnutrition, lack of education, population, extreme hunger, trafficking, climate change, and resource mobilization, etc. Due to this Parliament of India has organized several forums to develop policy and action perspectives on the elimination of poverty, promoting gender equality and addressing climate change. The main goals of India is now to improve the situations that lead the problems of decreasing a sustainability growth, India started conducting several programs in various categories, such as End Poverty in All its Forms Everywhere, End hunger, achieve food security and improved nutrition and promote sustainable agriculture, Ensure healthy lives and promote wellbeing for all at all ages, To Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation, Achieve gender equality and empower all women and girls, Conserve and sustainably use the oceans, seas and marine resources, Revitalize the global partnership for sustainable development, Reducing the Burden of Non-Communicable Diseases, Preventing Communicable Diseases, Agricultural Productivity and Farmers’ Income, Sustainable and Adaptive Agriculture, Promoting Resilience against Disasters, Ensuring Access to Basic Services, Strengthening Social Safety Nets, Overcoming the Digital Divide and Leveraging ICT, Strengthening Capabilities in Science, Technology and Innovation, Increasing access to employment.

India is the first country to legally mandate corporate social responsibility, the reason is that CSR helps India to achieve sustainable development and gaining social responsibility, according to section 135(1) provides that companies having a net worth of Rs. 500 Crore or more or turnover of Rs. 1000 Crore or more or net profit of Rs. 5 Crore during the immediately preceding financial year is required to form a CSR committee of their board of directors. This CSR policy that is formed is required to indicate the activities and the projects that will be undertaken in the areas specified in Schedule VII of the Act along with the recommended amount of expenditure to be incurred in conducting such activities, It helps to improve sustainability growth and sincerity towards social responsibility, and the activities that conducted by the company which helps to achieve goals. The government conducted many programmes that would directly contribute to the advancement of the SDG agenda. Such as, Pradhan Mantri Jan Dhan Yojana (PMJDY) which is the world’s largest financial inclusion programme, there are many sponsored schemes to provide employment, connect villages to cities through roads, build houses for the poor and offer education in the states, digital payments, skill development and the Swachh Bharat Abhiyaan (Clean India Campaign), free education for transgenders, the Mid-Day-Meal Programme is providing nutritious cooked meals to 100 million children in primary schools, sustainable and climate-adaptive agriculture has been boosted by, inter alia, promoting organic farming and issuing of 62 million Soil Health Cards to farmers, free polio campaign, Beti Bachao Beti Padao (Save the Girl Child, Educate the Girl Child) campaign, the Maternity Benefit Programme protects women from wage loss during the first six months after childbirth, ‘Make in India’ campaign, promoting the ‘Blue Revolution’, the Sagarmala programme is improving port connectivity, port-linked industrialization and coastal community development, Goods and Services Tax (GST), Swachh Bharat Cess (Clean India Cess) has also been levied for mobilizing resources for the Clean India Mission, etc.

There are many factors involved in shaping the Sustainable development Goals of India, such as government ( state-level, central), NGOs, Civil Society Organisations, technical experts, academics, international organizations, and other stakeholders.

Fiinovation NGO is also one of them in shaping the SDG’s. Innovative Financial Advisors Pvt. Ltd (Fiinovation) is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. Fiinovation talks about many major problems such as waste management, rain harvesting, open defecation, disaster management, rural tourism, how to achieve universal health coverage in India, affirmative action and CSR for promoting livelihood for women, how to redefine CSR sector, gender equality, how CSR makes your startups most impactful, survival on streets, drugs impact on health, manual scavenging, CSR for agriculture development, antenatal care, female participation in agriculture in India. fiinovation has done many successful projects, the following mentioned projects in their fiinovation projects. Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. In February 2017 Fiinovation and Uflex Ltd jointly awarded for Best Environment-Friendly Projects and the title of the project was Natural resource conservation & optimization of ecosystem services’’. The Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation CEO Dr.Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation CEO : Our commitment to India

Innovative Financial Advisors Pvt. Ltd (Fiinovation), is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. Fiinovation was founded in 2008 by Dr Soumitro Chakraborty, whose main focus is CSR and the sustainability domain.

The main vision of Fiinovation is,“ To ensure that development is not only sustainable and simplistic, but accessible as well”

Fiinovation believes in achieving simplicity in everything to build solutions that are efficient and easy to scale, also believe transparency builds trust and fosters growth and without any compromising in the quality of work because they value their customers. Simplicity, transparency, and quality are three morals shown in every Fiinovation project. This is the reason Fiinovation is positive and more impactful than other firms. Fiinovation work towards bringing dispersal of knowledge among the public in general or to take initiative for the development of the society. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility.

Dr. Soumitro Chakraborty’s main aim is,

“Being responsible in business is not a choice anymore and we’re racing against time. We take pride in the fact that our company is the catalyst in the process.”

Fiinovation mainly working on some fields, I.e analysts, Grant management, programme management, proposal research laboratory, project optimization, Donor management, partnership management. It conducts assessment studies like SROI, needs assessment, impact assessment, mobilizes funds from corporates to facilitate interventions by CSOs. It facilitates holistic programme management from project design to its monitoring and final dissemination of information. The programme team at fiinovation drafts customized proposals to suffice the needs of both donors and CSOs, The media team at fiinovation enables live tracking of project status using a human and digital interface. Fiinovation always tries to raise more funds, through these it can be helpful for NGOs and their CSR projects. Fiinovation has been revamping the entire value chain of social interventions in both quantitatively and qualitatively. Fiinovation has a partnership between businesses and civic bodies. Fiinovation is partnered with RSDC, Apollo Munich, AROHAN, Godrej, RPG, UFLEX, PIPAVAV Railway, IFCI Limited, PI, NEWGEN, DS group, GCL, Bharti Infratel Limited, CESC Limited, MYTRAH inspiring solutions, LAURAS Labs, Flex Foods limited.

They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for the developing nation India. Fiinovation has always tried to assess the on-ground implementation of the project. Fiinovation has done many successful projects, the following mentioned projects in their fiinovation projects: COVID-19 Relief Project in Udaipur, Rajasthan, supported by Sandvik Asia, Fiinovation & SMS India Pvt Ltd partner for COVID-19 relief project in Pune, Maharashtra, A COVID-19 Relief and Awareness Project in Mahesana, Gujarat, supported by Sandvik, SMS India and Fiinovation partner for COVID-19 relief project in Khordha, Odisha, Covid 19 Relief Project in Kolkata with SMS India Pvt. Ltd, Fiinovation joins hands with Admitad India to help daily wage earners, Programme Management of Sustainable Agriculture Project in Rayagada, Odisha, Need Assessment For a Consumer Goods Group Company in Mohali, Punjab, Company in Mohali, Punjab, Socio-Economic Study for India’s Only Independent Power Producer, Programme Management for a Rainwater Harvesting Project, Impact Assessment of Mobile Science Labs for a Leading Pharmaceutical Company, Socio-Economic Study for a Leading Cement Company, Baseline Assessment of Safe Drinking Water Project for a Renowned Renewable Energy Producer, Fiinovation Conducts Skill Gap Analysis for the Natural Rubber Growers, Impact Assessment of Leading Rubber Sector Skill Council’s Up-skilling Training Programmes, Impact Assessment of Renowned Automotive Tyre Manufacturers Three CSR Projects in Rajasthan, Impact Assessment of Digital Discovery Paathshala Project in Delhi, Impact Assessment for Kolkata-based Microfinance Institution for Six CSR Projects, Programme Management for WaSH Programme in Paradip, Odisha, Programme Management for a Community Level Programme in Bilaspur, Programme Management for India’s Largest Multinational Flexible Packaging Corporation, Impact Evaluation for a Multi-diversified Conglomerate’s Dairy based CSR Intervention, Impact Assessment of Mobile Health Van Project for a Multinational Pharmaceutical Company, Multiple Need Assessment Studies for India’s Only Independent Power Producer, Impact Assessment for Leading Telecommunication Equipment Manufacturer’s Mobile Medical Units, Monitoring & Evaluation of Three Projects for a Prominent Telecom Company, Perception Study for Kolkata based Power Utility Company, Impact Assessment for a Railway Corporation’s CSR Initiative, On-site Need Assessment Study for a Skill Development Institute, End-line Assessment of Adult Literacy Centres for Leading Tyre Manufacturer, Mid-term Assessment for Skill Training Institute in Barmer, Rajasthan, Mid-term Evaluation of Safe Drinking Water Project for a Pharmaceutical Company, CSR-CSO Partnership for a Patient Care Assistance Project, Mid-term Evaluation for a Renowned Pharmaceutical Company and many more. Fiinovation values their partners and civic bodies and completed these On-going projects successfully with them. Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. Seeing Fiinovation's positive work many Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times.

Fiinovation CEO Dr. Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. Fiinovation is always ready to contribute to society because their aim is India should be a developed country. Self-reliant India is the dream of Fiinovation. You can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.


Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation Contact - Corporate social responsibility can save India

India is the second-most populated country, according to the latest United Nations population division data India's current population is estimated at 1,380,004,385 which is equivalent to 17.7% of the total world population (the year 2020). According to the United Nations Population Division, India will soon overtake China to become a more populated country in the whole world. India is still coming in the developing countries category. India has been independent for 72 years but is still progressing because there are lots of major issues that India faces every time that makes India a developing country. The United Nations has divided countries into three categories, I.e. Developed countries, developing countries and undeveloped countries. These major categories are classified by various factors, such as Economic status, Gross Domestic Product, Gross national product, per capita income, the standard of living, human development Index, etc. India faces these major problems due to the huge population, poor economic development, unemployment, natural disaster, low industrialization, social evils like discrimination, religion-based politics, corruption, gender inequality, superstition, infant and child mortality, illiteracy, no proper agenda, malnutrition and education, poor infrastructure development. Due to this problem, India is somehow lacking somewhere.

India is the first country to legally mandate corporate social responsibility, the reason is that CSR helps India to achieve sustainable development and gaining social responsibility.

Ashima Obhan and Shubhangi Agarwal simply describe this Amendment act, which is easy to understand. Amendment act related to corporate social responsibility, according to section 135(1) provides that companies having a net worth of Rs. 500 Crore or more or turnover of Rs. 1000 Crore or more or net profit of Rs. 5 Crore during the immediately preceding financial year is required to form a CSR committee of their board of directors. This CSR policy that is formed is required to indicate the activities and the projects that will be undertaken in the areas specified in Schedule VII of the Act along with the recommended amount of expenditure to be incurred in conducting such activities, It helps to improve sustainability growth and sincerity towards social responsibility, and the activities that conducted by the company which helps to achieve goals are mentioned below:

• Eradicating extreme hunger and poverty;
• Promotion of education;
• Promoting gender equality and empowering women;
• Reducing child mortality and improving maternal health;
• Combating human immunodeficiency virus, acquired immune deficiency syndrome, malaria and other diseases;
• Ensuring environmental sustainability;
• Employment enhancing vocational skills;
• Social business projects;
• Contribution to the prime minister's national relief fund or any other fund set up by the central government or the state governments for socio-economic development and relief and funds for the welfare of the scheduled castes, the scheduled tribes, other backward classes, minorities and women; and
• Such other matters as may be prescribed.

Innovative Financial Advisors Pvt. Ltd (Fiinovation) is a leading research and advisory firm that offers expertise in the corporate social responsibility (CSR) and sustainability domain. Fiinovation talks about many major problems such as waste management, rain harvesting, open defecation, disaster management, rural tourism, how to achieve universal health coverage in India, affirmative action and CSR for promoting livelihood for women, how to redefine CSR sector, gender equality, how CSR makes your startups most impactful, survival on streets, drugs impact on health, manual scavenging, CSR for agriculture development, antenatal care, female participation in agriculture in India. Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation provides its services to both corporations and civil society organizations (CSOs) in carrying out field research studies, forging alliances, designing CSR policy of corporations. fiinovation has done many successful projects, the following mentioned projects in their fiinovation projects: COVID-19 Relief Project in Udaipur, Rajasthan, supported by Sandvik Asia, Fiinovation & SMS India Pvt Ltd partner for COVID-19 relief project in Pune, Maharashtra, A COVID-19 Relief and Awareness Project in Mahesana, Gujarat, supported by Sandvik, SMS India and Fiinovation partner for COVID-19 relief project in Khordha, Odisha, COVID 19 Relief Project in Kolkata with SMS India Pvt. Ltd, Fiinovation joins hands with Admitad India to help daily wage earners, Programme Management of Sustainable Agriculture Project in Rayagada, Odisha, Need Assessment For a Consumer Goods Group Company in Mohali, Punjab, Company in Mohali, Punjab, Socio-Economic Study for India’s Only Independent Power Producer, Programme Management for a Rainwater Harvesting Project, Impact Assessment of Mobile Science Labs for a Leading Pharmaceutical Company, Socio-Economic Study for a Leading Cement Company, Baseline Assessment of Safe Drinking Water Project for a Renowned Renewable Energy Producer, Fiinovation Conducts Skill Gap Analysis for the Natural Rubber Growers, Impact Assessment of Leading Rubber Sector Skill Council’s Up-skilling Training Programmes, Impact Assessment of Renowned Automotive Tyre Manufacturers Three CSR Projects in Rajasthan, Impact Assessment of Digital Discovery Paathshala Project in Delhi, and many more.

Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. In February 2017 Fiinovation and Uflex Ltd jointly awarded for Best Environment-Friendly Projects and the title of the project was Natural resource conservation & optimization of ecosystem services’’. The Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation CEO Dr. Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. Some of the Fiinovation projects related to environmental sustainability are Rainwater harvesting, water management projects, developing various strategies for providing safe drinking water, solid waste management etc. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India

Fiinovation CSR - Sustainability of products, people, and planet

In the corporate world the competition became more fierce and widespread and this is the reason as leaders were given less time to deliver results, they had to focus more on corporate strategies and sacrifice their involvement with the workforce but the definition of the corporate world is slowly changing, such as employees are better educated and more aware of their rights, options, and desires, and expect the same to their leaders to be visible, motivated, actively participating, respectful, and most importantly open to suggestions from employees at all levels. Since the last 20 years or so, the concept of corporate social responsibility is gaining more attention around the whole world among business people, media, investors, shareholders, and academics from a wide range of disciplines.

 “Sustainable development implies meeting the needs of the present without compromising the ability of future generations to meet their own needs.”

                                                                    – The Brundtland Commission to the UN, 1987

The corporate world focuses on four aspects of sustainability. 

There are four approaches:

1. Societal influence: as a  measure of the impact that society makes upon the corporation in terms of the social contract and stakeholder influence. 
2. Environmental Impact: Is the effect of the actions of the corporation upon  its geophysical environment.
3. Organization culture: It is the relationship between corporation, stakeholders and  particularly employees.
4. Finance performance: An adequate return for the level of risk undertaken.

Sustainability is a response to the challenges of the modern world which transforms threats and problems into development opportunities for companies from the public and private sectors. The social responsibility and ethical aspects are of great importance in the modern world due to the increasing influence of organizations.

The world faces many environmental crises, and social responsibility helps to improve the environment. How?

Here we go, the world moved towards globalization, and more focus on social responsibility and sustainability or social responsibility and financial performance. Both social responsibility and sustainability or social responsibility and financial performance are the two faces of the same coin. The corporate world focuses more on social responsibilities, such as conducting societal programs that are helpful for the needy. The company’s management encourages employees to participate collectively in social responsibility programs and they try to understand the nature of the relationship between the dimensions of corporate social responsibility concept (cultural, social, economic, ethical, and legal). The concept of corporate social responsibility (CSR) towards society in which it is located, the safety and health,  and contribution to a range of social activities from combating poverty and pollution control and any natural crisis. Definitely, the size of the company matters such as small, medium and large, according to this they establish their strategy of social responsibility through that Companies work to balance their participation in CSR programs. 

Fiinovation  working on the Concentric model as well as Ethical model, it contains four kinds of social responsibilities that constitute total CSR:  economic (products, job, financial stability and growth), ethical (responsibilities to exercise the economic functions with a sensitive awareness of ethical norms), philanthropic (amorphous responsibilities that businesses should get involved with to improve the social environment) and legal (obey the law). fiinovation believes this model provides a wider scope of economic responsibilities, which include: generating wealth to improve the nation’s standard of living, supplying the needs and wants of people for goods and services, selling goods and services at fair prices, providing employment and fair wages and eliminating poverty in a holistic manner and also they  contribute to shaping the public agenda instead of simply reacting to policy choices advocated by others. fiinovation is a most promising corporation because they contribute to the society or the nation, rather than being confined to pure money-making ventures.

Innovative Financial Advisors Pvt Ltd, is a leading research and advisory firm that offers expertise in corporate social responsibility (CSR) and sustainability domain. Fiinovation family bridges the gap between the NGO and the companies and gives proper guidance to invest in the CSR activities which will benefit the society. They primarily focus on practise areas like health, education, livelihood skills and environment. Fiinovation CSR activities are appreciated by many corporates and the Fiinovation news about their latest projects is also covered by well-known media channels like ANI News and economic times. In February 2017 Fiinovation and Uflex Ltd jointly awarded for Best Environment-Friendly Projects and the title of the project was  Natural resource conservation & optimization of ecosystem services’’. The Fiinovation team always focuses on how their Fiinovation CSR activities make impactful for developing nation India. They mainly focus on social problems. Fiinovation believes action speaks louder than words. They have mentioned their work in Fiinovation Blogs that explains how solving social problems is their first responsibility. Fiinovation CEO Dr. Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. Some of the Fiinovation projects related to environmental sustainability are Rainwater harvesting, water management projects, developing various strategies for providing safe drinking water, solid waste management etc. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

Following are the Links:

Fiinovation Facebook

Fiinovation Twitter

Fiinovation Linkedin

Fiinovation Delhi NGO address: 24/30, Ground Floor, Okhla Industrial Estate, Phase III New Delhi – 110020, Delhi, India