Fiinovation Okhla: Why companies practice Corporate Social Responsibility

 

We all live in a Globalised world where the government sector and private sector intermingle with each other and interdependent too. Every year the global world faces problems in social, economic and environmental issues which are part of the Sustainability sector. Sustainable development goals help to maintain balance in social, economic, and environmental sustainability. There are a total 17 goals that come under the sustainable development goals such as No poverty, zero hunger, good health and well being, quality education, gender equality, clean water and sanitation, affordable and clean energy, decent work and economic growth, industry, innovation and infrastructure, reduced inequality, sustainable cities and communities, responsible consumption and production, climate action, life below water, life on land, peace and justice strong institutions, and partnerships to achieve the goals. Transforming a business completely sustainable may not be feasible for many. However, a mixture of CSR and sustainability can definitely deliver a measurable impact.

Innovative financial Advisors pvt. Ltd. (Fiinovation) provides its services to both civil society organizations (CSOs) and corporations in carrying out fiinovation projects, field research studies, forging alliances, designing CSR policy of corporations. In fiinovation blogs you can see their working strategies to solve social development and sustainability sector problems, such as waste management, water crisis, health, corporate social responsibility, disaster management, sustainability, tourism, livelihood, gender equality, manual scavenging, monitoring and evaluation, hygiene, rain water harvesting, women issues, deadliest diseases. The main fiinovation practice areas are health, education, agriculture, environment and livelihood. Fiinovation CEO and Chairman - Centre for CSR and sustainability excellence Dr. Soumitro Chakraborty said, “What we take from the community, we must give back to it.” Fiinovation is a research-based organization that offers expertise in sectors like Healthcare, Environment, Education, Skill Development and Livelihood with emphasis on Corporate Social Responsibility and Sustainability.

Although definitions of Corporate Social Responsibility (CSR) vary, it is generally understood to be a 

mechanism whereby companies take responsibility for the impacts of their decisions and practices by holding themselves to a set of ethical, social and ecological standards - with the aim of contributing towards the health, welfare and sustainable development of society. Over the past few decades, expectations on corporate behaviour have continued to rise alongside greater public awareness around human rights, environmental protection and other issues. In recent studies have shown that a majority of consumers will choose to spend more money on a product from a ‘sustainable’ brand. Businesses seen as responsible also benefit from greater employee productivity and retention. So savvy companies have sought to protect their corporate image, seeing the direct impact it can have on relationships with investors, employees, and customers. Demands for Corporate social responsibility are Increased Pressure from Consumers, Pressure from Shareholders and Investors, Supply-Chain Pressure, etc and the common approaches for corporate social responsibility are Corporate Philanthropy, Cause-Related Marketing, Sustainability, Social Entrepreneurship and Social Enterprise, Social Marketing, etc. While aiming long-term business growth, integrating sustainability into business processes enables an organization to mitigate future risks and adopt scientific processes. A sustainable strategy enables environmental principles and socially responsible behaviour for all business decisions and is a central theme of a successful business.

Fiinovation holds expertise in the following practices are Initiative Design & Management for Corporations & SME's, Initiative Implementation, Monitoring & Evaluation, CSR-CSO partnership, Impact Assessment, Development Communications, Social Return on Investment. Fiinovation always follows authenticity, confidentiality and quality three main core values that ensures authenticity, reliability, and credibility of the data, facts, and figures that they gather and disseminate through primary and secondary research, excellent quality of the actionable reports which is intended to provide absolute and detailed insight into the markets, products, competition and the overall perspective at an affordable price, confidentiality for all the research projects that we carry out as per the code of conduct.

In Fiinovation reviews, you can see how their clients are happy, that shows the supportive company environment, which is what every client wants. Also their company environment is too friendly, you can see their working employees reviews on Fiinovation Glassdoor. We can contact Fiinovation through their social media sites like Facebook, Twitter, Linkedin as they keep transparency about their work.

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