Sunday 19 July 2020

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

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