Fiinovation CSR - Top 5 Corporate Social Responsibility 2020

 

In 2019, Corporate social responsibility trends are too different as compared to CSR trends 2020. CSR trends in 2019 are better dialogue, more learning, more disaster prevention, greater equity and the growing importance of Generation Z-ers. These CSR concepts easily held media attention and the trends that were ideally impactful. We all know that CSR trends should be strategic because more strategic the more impactful. In 2020, Corporations or organization's provide big financial donations for social work. Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a global consulting company operating in multiple disciplines of the social development sector with emphasis on CSR and Sustainability. According to fiinovation, in this year lots of fiinovation CSR activities are performed by corporations and organizations such as Sandvik Asia, SMS India pvt, Admitad India who provided relief funds to the affected areas with fiinovation. They were present with fiinovation to provide a relief fund. The 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.

Here are top 5 Corporate social responsibility trends,

1. Sustainable Development Goals
2. Synergistic Approach
3. Measurement
4. Corporate Activism
5. Employee Volunteer Programs

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. The primary focus of fiinovation practice areas is health, education, livelihood skills, and environment. Fiinovation believes that mentioned CSR trends are more impactful for 2020. 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 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.

Sustainable Development Goals: Sustainable development goals include ending poverty and hunger,providing global access to quality education, promoting health and well-being, taking climate action, reducing inequalities, building public-private partnerships to reach these goals. The main focus of leaders in related to SDGs is in order to achieve goals is “action and delivery for sustainable development and pledged to mobilize financing, enhance national implementation and strengthen institutions”.

Synergistic Approach: In 2020, companies are always focusing on CSR strategies that are helpful in their business perspective with solving relevant social problems at scale. Companies are always looking for opportunities to contribute to society. Synergistic approach is helpful to boost both social impact and stock market performance.

Measurement: According to the Michelle DiSabato, Impact Advisory Services at Blackbaud, “As I look ahead to the next few years, I see companies’ adoption of impact measurement and the SDGs as becoming more and more critical.Those companies that ignore this call to action and continue to not integrate their CSR activities as a core function of their business will see themselves left behind.”

Corporate Activism: Corporate activism always increases the hiring activism, employee loyalty, and long-term sales.

Employee Volunteer Programs: Company-organized employee volunteer opportunities continue to be an under-tapped opportunity and, thus, we will see this 2019 CSR trend continue into 2020 as more businesses adopt this practice. Not only can employee volunteer programs make a massive, positive impact on a company’s corporate social responsibility programs, brand image, and recruitment/retention, but companies are treating these initiatives also as team-building activities. In addition to improving morale and culture, there is an opportunity to encourage cross-departmental collaboration and relationships by placing employees from different teams together on these volunteer days.

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