Fiinovation CEO: Qualities of CEO

“The role of the CEO is to enable people to excel, help them discover their own wisdom, engage themselves entirely in their work, and accept responsibility for making change.”
                                            -Fiinovation CEO and Founder, Dr. Soumitro Chakraborty

A Chief Executive Officer(CEO) is the most noteworthy positioning chief in an organization, whose essential duties incorporate creation of major corporate choices, dealing with the general activities and assets of an organization, going about as the central matter of correspondence between the governing body (the board) and corporate tasks and being the open essence of the organization. A CEO is chosen by the board and its shareholders. There are many other titles for CEOs, such as chief executive, president, and managing director.

Understanding Chief Executive Officers:

A CEO's job shifts starting with one organization then onto the next relying upon the organization's size, culture, and corporate structure. In enormous companies, CEOs commonly manage extremely significant level vital choices and those that direct the organization's general development. In littler organizations, CEOs regularly are more active and engaged with everyday capacities. Presidents can establish the pace, vision, and once in a while the way of life of their associations. On account of their regular dealings with the general population, here and there the CEOs of huge companies become renowned. Mukesh ambani, the CEO of Reliance industries, for example, is a household name today.

Qualities of CEO:

There is no standardised data of the roles and duties of a CEO. The common obligations, duties, and expected set of responsibilities of a CEO include:

• Imparting, for the benefit of the organization, with investors, government substances, and people in general
• Driving the improvement of the organization's short-and long haul methodology
• Making and executing the organization or association's vision and mission
• Assessing crafted by other chief pioneers inside the organization, including chiefs, VPs, and presidents
• Keeping up attention to the serious market scene, extension openings, industry improvements, and so forth.
• Guaranteeing that the organization keeps up high social duty any place it works together
• Evaluating dangers to the organization and guaranteeing they are observed and limited
• Defining vital objectives and ensuring they are quantifiable and describable

Innovative financial Advisors pvt. Ltd. (Fiinovation), the CEO and Chairman - Centre for CSR and sustainability excellence Dr. Soumitro Chakraborty message, “As India shifts gears of development and strives to transform itself from an emerging economy to a developed one, the burden of growing disparity between industrial profits and overall human development index continues to become a hurdle. Yet favorably, with the new Companies Act in place, profit-making corporations now have an opportunity to play an instrumental role to overcome the social development concerns. “What we take from the community, we must give back to it.” Today, Corporate Social Responsibility (CSR) is no longer a matter of mandate, but an affair of commitment that companies behold towards the society at large. It marks the best time for social interventions to take place, and an opportunity for the country to create a sustainable future for our youth. Evidently, India has emerged as the country with the youngest population with 65% below the age of 35. The CSR mandate is a trigger for the private sectors and gives a chance to contribute towards social welfare. The programme implementation under CSR mandate, requires close coordination between the government, civil society organisations (CSOs) and other stakeholders. Seemingly, a corporation's social responsibility cannot be limited to allocating funds or just introducing a project, the focus on Social Impact is equally important with a timely social audit. Since the year 2009, our organization is thoroughly working in the social development sector and has fairly understood the various complexities that exist in the socio-economic paradigm of the world's largest democracy. We are effective in revamping the entire value chain of social interventions by studying the ground-level needs. Owing to our thorough understanding, our organisation is proficient to translate opportunities into intended positive outcomes through enduring partnerships among businesses and civic bodies. At Fiinovation, we realise the approach towards addressing the social challenges with cost-effectiveness and time-orientation. Certainly, there is an immense growth potential in this sector, both quantitatively and qualitatively. What is important is that the commitment, even if they are minuscule, are undertaken and directed towards a positive and realistic impact which is measurable and scalable. ”

Fiinovation is a global consulting company operating in multiple disciplines of the social development sector with emphasis on Corporate Social Responsibility (CSR) and Sustainability. Fiinovation CSR offers end to end consulting services and simplified solutions that have helped various corporations channelize their resources for the upliftment of community on societal, economical and ecological aspects in accordance to their CSR charter. It provides its services to both civil society organizations (CSOs) and corporations in carrying out fiinovation projects, in field research studies, forging alliances, designing CSR policy of corporations. We can get more latest updates on social media accounts, fiinovation linkedin, fiinovation facebook and fiinovation twitter.

Fiinovation contact:

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

Fiinovation okhla: role of csr in education sector

 

Corporate social responsibility (CSR) has gained an increasingly high profile in recent years. CSR can be defined as the ways in which a business seeks to align its values and behaviour with those of its various stakeholders. The stakeholders of the business include the employees, customers, suppliers, government, interest groups (such as environmental groups) and wider societal interests on whom the operations of the business may have an impact. There are various sector, where we can perform CSR activities, such as Health care and sanitation, Education and skill development, rural development, environment and ecology, gender equality, PM’s relief funds, National Heritage, Art, Culture, Sports Development, Eradication of hunger and poverty, women empowerment, Social business projects, Combating HIV/AIDS, Maternal and other diseases, improving maternal health, etc. There are top three sectors which are too popular such as education, healthcare and rural development. These three sectors received 50% of the total CSR and the remaining half is spread over 25 other sectors.

Fiinovation CEO and Chairman - Centre for CSR & Sustainability Excellence, Dr Soumitro Chakraborty firm Innovative Financial Advisors Pvt. Ltd.(Fiinovation) working on Education, Health, Environment, livelihood and skills (Fiinovation practice areas) and provides its corporate social responsibility services to both corporations and civil society organizations (CSOs). According to him, they provide services such as field research studies, forging alliances, designing CSR policy to corporations, there are 60% corporations who perform CSR activities in education sectors and CSOs who are working in the education sector. Every year, fiinovation funding provides funding to the CSOs, and some of them CSOs 60% are working in the education sector. They have performed many fiinovation projects. In their eleven years of span, they did lots of projects related to education sector, such as Impact Assessment of Mobile Science Labs for a Leading Pharmaceutical Company, Impact Assessment of Digital Discovery Paathshala Project in Delhi, Mid-term Assessment for Skill Training Institute in Barmer, Rajasthan, Programme Management for a Community Level Programme in Bilaspur, and many more. We can see their clients happy reviews on fiinovation reviews. We can get more details on fiinovation linkedin, fiinovation twitter, where they always update their innovation.

Education is the most popular choice of sector for Corporate Social responsibility projects, who received 25% of the total CSR and the remaining half is divided into Healthcare and Rural Development (mean you can say, Education Sector- 25%, Healthcare sector- 15% and Rural development sector- 15% ). Education sector is more popular than other sectors because the role of educational institutions to surpass the CSR for creating the best human capital and also explores the significance of CSR for promoting education and various initiatives of companies in the education sector as a corporate responsibility to expand education. According to Ms. Pooja deshmukh, Associate Professor and Research Coordinator, MGM Institute of Management, Aurangabad, India. She described three core models for education sector, which is helpful for putting CSR strategies that are follows:

“The core strategy in all three models involves the following steps:

• Identification of the area of intervention/involvement and the scope of work

• Identification of the beneficiaries[Demographic Profile – location, sex, category, age, type of school supported)

• Identification of the sources of fund to create a sustainable model (internal, external, donor engagement model)

• Designing of an appropriate/dedicated team with the right organizational structure to run the initiative [Finalize organizational structure, Recruit key personnel, Recruit Local people/volunteers]

• Identification of Key Stakeholders for the programs • Formulation of a strategic plan for the initiative [Defining objectives, Resource Mapping, Awareness Programmers, Trainings for internal/external/NGO members]

• Mechanism for Monitoring & Tracking Success [Financial Monitoring, Identification of KPOs, Impact Assessment at regular intervals, Internal Mechanisms to measure/report utilization of funds to the donors, Mechanisms/frequency of reporting to the donors involved, mechanisms for taking feedback from donors, Identification of templates/tools to be used to record report on initiatives]

• Ensuring sustainability and replicability of model”

The role of CSR in education is thus mitigating the skills gap with considerable experimentation, and learning-by-doing along the way. In this process, the affected individuals, companies, and society at large are likely to benefit.

We can contact Fiinovation,



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

Fiinovation client login: Best client support management team for CSR activities

 

Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a top CSR consultants in delhi in multiple disciplines of social development sector with emphasis on CSR and Sustainability sector. For the first time in the social development sector, Fiinovation introduces a client support module(CSM). Fiinovation projects include CSR Portfolio Management (CPM), CSR-CSO Partnership, Initiative Design & Management, Monitoring & Evaluation and Impact Assessment across verticals of health, environment, education and livelihood.Clients convenience being their main focus, they have electronically designed the MIS web-page to cut down on the traditional modes of communication, thus, easing you for the constant calling and the endless paperwork. CSM is the strategy that combines the information, systems, technologies, policies, processes and personnel of the organization with the objective to provide reliable and prompt services to the client. This module will help the client in tracking the progress of their projects at a daily level.

The CSM offers a range of services that will guarantee a valuable experience to your association with Fiinovation. “FIINO CSM” provides excellent services that are, Client support management, Mobile website, Management Information system and Detailed information security.

• Client support management: With the use of an interactive interface, the clients will be able to see the details of their projects and the details of the submissions ensuring healthy funder- implementer interaction for long term relationships.

• Mobile website: A mobile based website facilitates user friendly interaction thereby cutting down on the traditional methods of the communication.

• Management Information system: All information displayed in the CSM web-page is stored in the management information system and is regularly updated with required information keeping the CSOs absolutely secure about their content.

• Detailed information security: Every CSO is provided with a login id password which is only known to them giving them security of their content.

Fiinovation CEO and Founder Dr. Soumitro Chakraborty of Innovative Financial Advisors Pvt. Ltd. (Fiinovation), “What is important is that the commitment, even if they are minuscule, is undertaken and directed towards a positive and realistic impact which is measurable and scalable.”Fiinovation is provides excellent services which fiinovation makes more different than other csr consultants companies, such as credible, dedicated and stable communication network, 24*7 access to online support where you can drop your queries at any time of the day and the response of which would be sent to you between 24 to 36 hours, regular update on your project development, donor submission and funding process, SMS alert on every update, reducing communication gap to make the system transparent, Mobile application that facilitates user friendly and high end services. You can see more details related to CSM on the fiinovation client login section.

In Fiinovation reviews, you can see how their clients are happy, that shows the supportive company environment, which is what every client wants. You can see employee reviews on Fiinovation glassdoor that shows the friendly company environment as well as experienced and hardworking employees work. The motive of Fiinovation has been to create awareness, inspire innovative thinking and action with sustainable development at its core. Fiinovation csr is known for enhancing quality across the corporational value chain through its in-house "Proposal Design & Research Laboratory" for development and designing programmes using scientific and rational tools for implementation and research, which are more effective and result oriented. Fiinovation has successfully bridged the gap between communities and businesses.

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

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

Fiinovation Blogs: How to improve financial performance Measures for 2020

 

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. According to Fiinovation, financial performance is very important because understanding essential financial performance is the first step that leads you to where you are. Fiinovation family working on many solutions are Analytics, grant management, programme management, proposal research laboratory, and project optimization. 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. For this, key performance indicators are also important to reach the particular target but not all KPI’s are suitable for the firm, there are some few KPIs used for business. It depends on firm strategies on how to make use of KPIs. To determine this, you should consider where your business currently stands and its future strategy (i.e. have you created products yet? Are you expanding? Downsizing? etc.). Then, you’ll want to make sure that you have both leading and lagging indicators to measure performance. Fiinovation CEO Dr. Soumitro Chakraborty and his team are working for new upcoming projects and are also honoured with many awards for their work. You can see reviews on Fiinovation glassdoor. 

Financial performance is defined as, “Financial performance is a subjective measure of how well a firm can use assets from its primary mode of business and generate revenues. The term is also used as a general measure of a firm's overall financial health over a given period.” There are many ways to understand the financial measures, but before understanding financial measures let's understand KPIs. KPI stands for Key performance indicator, there are several methods included in KPIs such as operating cash flow, debt to equity ratio, current ratio, days sales outstanding, working capital, accounts payable turnover, accounts receivable turnover, inventory turnover, return on equity, and customer satisfaction. A key performance indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets. High-level KPIs may focus on the overall performance of the business, while low-level KPIs may focus on processes in departments such as sales, marketing, HR, support and others.

According to solvexia, Some KPIs for financial performance,

1. Operating Cash Flow: Knowing how much cash you have on hand lets you know that you can pay for operating expenses and incoming inventory. Beyond how your business is functioning today, you can use operating cash flow in comparison to capital investments to see how you can move your business forward. 

2. Current Ratio: This is the ratio between your assets over your liabilities. It allows you to understand solvency and ensure that you have a good enough credit rating to expand. 

3. Debt to Equity Ratio: Your business has likely relied on investors and shareholders with a stake in your overall financial health. To make sure that you can protect their investment, you want to regularly check in with your total liabilities against your shareholder’s equity. To remain transparent and be held accountable, it’s a KPI that your shareholders will want to stay abreast of. Automation technology makes it easy to share reports with all those who need to see them automatically.

4. Days Sales Outstanding: DSO defines the average sales collection period. This KPI is not only useful to you as CFO, but your whole team can also use it to understand how to incentivise people to pay faster. Your marketing and sales team should be aware of this KPI always, especially when introducing new campaigns. This is why it’s essential to have accessible dashboards, so every team member can pull insights they need for their own decisions that will affect the business’ bottom line. 

5. Working Capital: If you subtract your current liabilities from your existing assets, you have your working capital. This will let you know if you have what you need to take care of short-term liabilities. 

6. Accounts Payable Turnover: Your cash flow is affected by when and how many times you pay vendors. This is known as your accounts payable turnover. 

7. Accounts Receivable Turnover: Going hand-in-hand with accounts payable turnover is accounts receivable turnover, or how often you collect money that is owed. It may be the case that you are running into issues raising money, and that will affect your cash flow. To better understand if your business process is right or if you may need business process improvement, you should regularly monitor this situation with the help of automated means.

8.Customer Satisfaction: The KPI of customer satisfaction can be gleaned by calculating customer responses from surveys. 

9. Inventory Turnover: By dividing your current average sales by your current average inventory in the same period, you get an idea of your inventory turnover. You don’t want to hold too much inventory as a liability, nor do you want to be short to satiate consumer demand. 

10. Return on Equity: Comparing your net income to each unit of shareholder equity lets you understand whether or not your net income is appropriate for your business’ size. Not only does it inform you about profitability, but it also gives insight into how efficient you’re financially managing the business. 

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 - 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

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

Impact of CSR In Transportation

Transportation has given birth to globalization in which we can connect and trade in any part of the world, transportation plays a crucial role in forming and maintaining the businesses. Almost 90% of the businesses in the world rely on transportation hence it becomes a responsibility of the Corporates to take care of it.




It should be the duty of the corporate to take care of their employees' transport routine and they should minimize the use of their private vehicles in order to reach their offices. Instead, they should use public transport or eco-friendly ways as their transport medium.

Another way in which transportation can affect society is through shipping. Transfer of goods from one place to another by airways, waterways & railways can emit harmful gases which creates environmental pollution.

The Corporate social responsibility is to create proper transportation routes, eliminate the use of private vehicles for those who stay near their offices, spread awareness to use public transport, and reduce the carbon impact of shipping.

Corporates should pay attention to the environment :

Neglecting the effects of the business on the environment creates a bad impression of the business in the society. Instead, the companies should come up with solutions in which they can serve the environment, use different means of transportation which reduce pollution.

The CSR activities should focus more on innovation in the transportation system, conserving the natural resources, building routes for safe transport, cutting down carbon emission, eliminating the use of fuel vehicles and using electric vehicles to hinder pollution.

Several measures that companies can follow to reduce the impact of transportation on the environment.

If we notice too much carbon emitting from the vehicle we use for transportation we can use alternate transportation mode. E.g - If we require 10 trucks to transport goods from Mumbai to Kerala we can use seaways in order to eliminate air pollution.

Use of recyclable and biodegradable packaging materials will be less likely to harm the environment.

Use of Electric vehicles while travelling to the office can reduce air pollution.

The companies who invest in their CSR activities to create better use of transportation are more likely to earn respect in society.

Innovation financial advisors Pvt Ltd (Fiinovation) is a leading research and advisory firm that offers expertise in Corporate Social Responsibility. Fiinovation provides expert solutions to companies in implementing CSR activities. Fiinovation is working on different projects in different parts of the countries and these Fiinovation projects are appreciated by many corporates as their investment in Fiinovation CSR activity brings effective results.


Recently in 2019 the leading automotive tyre, tube manufacturer had partnered with Fiinovation for evaluation of its three CSR projects running in Rajsamand district of Rajasthan. Fiinovation is also a knowledge partner with industries bodies such as Confederation of Indian Industries (CII) the partnership emphasizes on research for the promotion of affirmative actions along with CSR and social enterprises.


Fiinovation news about different projects are covered by ANI News, Economic Times to maintain transparency of their work and to educate the Corporates about the CSR activities.


Fiinovation also has their presence on different social media sites through which they keep us updated about the CSR activities by uploading their Fiinovation video, pictures and links of their new projects. We can contact Fiinovation through different social media channel like Facebook & Linkedin

Contact through the links: Fiinovation Facebook and Fiinovation Linkedin

Fiinovation CEO: Dr Soumitro Chakraborty, Chief Executive Officer of Innovative Financial Advisors Pvt Ltd. (Fiinovation) is honoured with CSR Leadership Award 2017 for his contribution in CSR and Sustainability and for Best Environment Friendly Project.


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

5 Easy Ways Companies Can Boost Their CSR in 2020

A new year, a new decade. In 2020, involved consumers are focused on reaching their personal, health, and professional goals. Similarly, while they do so, more and more of them are aligning with companies or brands that prioritize corporate social responsibility (CSR).

Nearly 90 percent of Americans will purchase from a company because it advocated for an issue they care about, according to a study. In addition, 76 percent will refuse to buy a company’s products or services if they learn the company supported an issue contrary to their beliefs.

As your business does some first-of-the-year reflecting, it’s important to ensure that its brand model reflects issues important to you and your audience. Company goals must consider more than economic metrics, they must also benefit stakeholders and the public.

Here are five ways to do so.

Volunteer

Companies are seeing benefits in offering volunteer days to their employees. This not only builds camaraderie within the company, it also spreads your company’s visibility among the supporters of the charity. TransUnion, for example, provides employees with a Volunteer Time Off day each year and matches donations up to $2,000 each for a cause close to their associates.

Invest in Social and Environmental Initiatives

Companies can support local and national organizations by donating directly or holding events in honor of a cause. You can also use your voice to help educate your audience on the issue and ways they can help. Some organizations encourage employees to donate a portion of their paycheck to particular causes in education, income, and health.

Practice Ethical Labor

The job market change constantly. Potential job applicants and current employees are looking for companies that practice what they preach in and out of the office. To ensure that your company attracts the best talent and maintains high morale, find opportunities to improve brand confidence. Offer competitive perks, provide a comfortable workspace, and look for ways to engage employees. Netflix provides employees with 52 weeks of paid parental leave. In addition, team members are able to take advantage of this perk at any point during their new child’s life.

Promote Philanthropy

Establish an in-house mission to create change. Form a social responsibility team and encourage it to lead your company in giving back to the community. For instance, Patagonia works in multiple ways to inspire its team members to give back. In addition, it partners with companies to bolster economic and environmental change.

Be Environmentally Conscious

Increasingly consumers are looking for ways to lessen their environmental impact. In many cases, they are supporting brands and businesses that are doing the same. With 30+ years of working to reduce its environmental impact on the planet, Johnson & Johnson looks to produce 35 percent of its energy from renewable sources through the purchase of private energy suppliers and other initiatives.

Carbon Footprint Tips

Businesses can make seamless changes within their structures to reduce their carbon footprint. A slew of companies are doing so. The airlines and Microsoft, for example. Ways your business can make a difference include: increasing recycling, decreasing energy and water use, enhancing waste management practices by going paperless, composting, eliminating bottled water, reducing plastic, and embracing eco-friendly travel policies. These policies include flying nonstop to reduce emissions, taking public transportation, carpooling, offering benefits for hybrid cars and staying at green hotels.

(Source: https://www.prnewsonline.com/csr-2020-examples/ )

https://indiacsr.in/5-easy-ways-companies-can-boost-their-csr-in-2020/

Innovative Financial Advisors Pvt. Ltd. (Fiinovation) is a global consulting firm operating in multiple disciplines of the social development sector with emphasis on Corporate Social Responsibility (CSR) and Sustainability. Fiinovation offers end to end CSR consulting services and simplified solutions that has helped various corporations channelize their resources for the upliftment of community on societal, economic and ecological aspects in accordance to their CSR charter. Since 2008, Fiinovation has grown phenomenally and has made a benchmark in the sector through its service quality. It has been able to bridge the gap between businesses and communities through value-based CSR programmes in association with credible civil society organizations on pan India basis in the field of health, environment, education, and livelihood

Fiinovation CEO : Dr Soumitro Chakraborty, Chief Executive Officer of Innovative Financial Advisors Pvt. Ltd. (Fiinovation), was conferred with ‘CEO of the year’ award at the 8th World CSR Congress held in Mumbai on February 18.

The World CSR Congress this year focused on the integration of Sustainable Development Goals (SDGs) in corporate strategies, innovation, and strategic alliances. The award recognizes fiinovation projects exemplary work in the social development sector and noteworthy CSR and sustainability programmes.

Fiinovation Delhi NGO address - 24/30, Ground Floor, Okhla Industrial Estate Phase 3 Rd, New Delhi, Delhi 110020

Fiinovation and Newgen Software Partner for a Digital Education Program in Delhi

Innovative Financial Advisors Pvt Ltd (Fiinovation) recently partnered with Newgen Software Technologies Ltd for evaluation of Newgen's Digital Discovery Paathshala (NDDP) program running in three Delhi schools, i.e. Government Girls Senior Secondary School (Harkesh Nagar), Soami Nagar Model School (Soami Nagar) and Government Girls Senior Secondary School (Tekhand) and catering to 3000+ girl students.

The project aims at generating interest among students especially girls towards digital literacy by using the latest technology. The use of digital technology equips the students with skill-set to seek knowledge, discover new horizons and enables them to be independent, self-reliant and confident.

As a part of the association, Fiinovation has assessed the on-ground implementation of the project and the impact it created in empowering the students through digital aid. The NDDP program has created an extensive impact in the lives of the beneficiaries by deploying innovative pedagogy, addressing the lack of infrastructural facilities and efficient facilitation.

"India is at a nascent stage when it comes to digital education compared to other developed countries. If we intend to keep pace with the growing technology and take advantage of the potential benefits of digital learning, then we need to appropriately resource our teachers and students". He further said that, "I highly appreciate the efforts by our partners towards digital empowerment of students and contribution towards achieving the Sustainable Development Goals of Quality Education and Gender Equality", said Dr Soumitro Chakraborty, CEO, Fiinovation.

Fiinovation impact assessment for dairy-based CSR intervention in Rajasthan

Innovative Financial Advisors Pvt. Ltd. (Fiinovation) has partnered with a rapidly growing multi-diversified conglomerate to assess the impact of its ongoing CSR intervention in Sikar and Dungarpur district, Rajasthan.

The project focuses on improving dairy output and enhancing milk productivity in rural households. Under the project, Artificial Insemination (AI) services, veterinary care and treatment are provided through trained livestock assistants.

The project is also building the capacity of dairy farmers in order to take up better cattle management practices. To help the farmers better their livestock management, services like 24/7 helpline, health camps and tools such as chaff cutters are provided under the project.

The project has identified 240 Champion farmers from Dungarpur and 200 Champion farmers in Sikar district and is being projected as role models. These farmers are adopting new approaches to enhance milk productivity that include improved feed and fodder practices, scheduled vaccinations, regular veterinary treatment, improved sheds for cattle, procuring better breeds for higher milk production and adopting artificial insemination for improving the breed of existing livestock.

Fiinovation in its capacity has undertaken a comprehensive detailed impact assessment and way forward study of the project in the districts. The study aids in evaluating the design and planning structures of the project, status of on-ground implementation, and internal controls through monitoring mechanisms and assessment of the sustainability of the program.

"With the increasing population, the demand for milk and dairy products will continue to rise. In order to meet the demand, the country needs to upgrade its infrastructure at the village level and adopt advanced techniques to improve livestock production", said Dr. Soumitro Chakraborty, CEO Fiinovation.

"The project in Dungarpur and Sikar, aims to fill the gap in infrastructure and adopt advanced methods to improve milk productivity. The project will not only meet the increased demand for milk and milk products but will also fulfil the objective of doubling the farmer's income"', he added.
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Fiinovation reviews: Amplifying CSR through Social Media

Gone are the days, when companies use to contribute towards social causes without analysing the social return of investments. The Delhi-based CSR Consultancy, Fiinovation is of opinion that in today’s date, companies are not only doing good but they are also utilizing every possible medium to promote and spread awareness about their social campaigns and sustainability practices. Social media, being the favorite and most effective medium. Hence, it will be foolish of any corporate to ignore the power of social media rather they should use it as a tool to increase the footprint of their corporate social responsibility initiatives across the globe.

Using social media for promoting the good cause can lead to a plethora of business benefits ranging from increased stakeholders engagement, enhanced goodwill, brand visibility and competitive advantage. A joint study by the Pew Research Center and John S. And James L. Knight Foundation reveals that 63% of the space at Facebook and Twitter serves as a source for sharing news about events and global issues. Hence, it is also important to communicate the brand messages to intended audience through the channels preferred by the audiences.

As per cio.com, the 1.8 billion monthly active users of Facebook, sends out an average of 31.25 million messages every minute everyday. These numbers prove that social media platforms provide an influential network of passionate customers supporting brand’s initiatives and endeavours. Companies like P&G have leveraged the benefit of this spectacular stakeholder presence through their campaign, “Future Friendly Challenge” on Facebook. The program was launched to help customers save water, conserve energy, and reduce waste through several activities like donating clean drinking water to children for a day, pledging to save energy and reduce wastage and save energy for 90 days. P&G designed the strategy in a way that customers can send page invitations, educate their friends and motivate them to participate in the challenge. The brand also invited the followers to share their experience and tips on how to fulfil the objectives of this challenge.

Through this simple initiative, P&G received tremendous Return on Engagement within a few months. The statistics show that around 20,000 followers participated in the challenge and saved water and energy as well as reducing wastage for 3 months. The clean drinking was donated by each of them, amounting to 20,000 days of clean water donation. Around 7000 posts were made and shared by the supporters comprising their tips and experiences leading to total active engagement of around 48,000. The above example of P&G, integrating CSR with social media strategy has not only amplified the good actions of the company but have also helped in generating large number of supporters across the social media platform. Additionally, this will create a lasting impact on the minds of customers, strengthen trust and loyalty in the brand providing them edge over their competitors. Fiinovation appreciates P&G for utilizing the social media platforms for spreading awareness about their CSR campaign as well as passively educating customers about the importance of safe drinking water and energy conservation.

Looking at the stupendous growth of social media platforms in near future, brands are not going to leave any stone unturned in communicating and promoting their CSR initiatives on the social networks. They find it the best and easiest mediums to engage their stakeholders and enhance their brand value.

Nike’s Digital Advocacy Director Laura Adams says social media has become instrumental in Nike’s evolution as a brand and as a socially responsible and more sustainable enterprise. “At the end of the day, it’s the people out doing work that are going to get us to achieve our goals,” said Adams.