sIMPACTS OF CSR :
1)ON BUSINESS COMPANY:
a.ENSUREMENT OF WORKERS’ RIGHTS AND BENEFITS:
By implimenting csr,the company has ensured workers’ rights and benefits and their is no need to create a collective labour agreement and maintain existence of a trade union.
b.PROTECTION FROM PROTESTS AGAINST THE INDUSTRIES:
The responsibilities towards the emplyees are well fulfilled by the company by satisfying them and so the employees need not to protest against the industries.
c.RELATIONSHIP BETWEEN CSR AND FINANCIAL PERFORMANCE:
Firm incurs costs from socially responsible actions that put the company at an economic disadvantages compared to other,less responsible firms.Thus,the company sees involvement in socially responsible activities as a negative association.
d.CSR AND MARKET SHARE:
Through the development of the company’s market shares,it also satisfies bondholders.
e.ON THE HUMAN RESOURCE PERFORMANCE:
The management theory suggests that csr has a positive impact on the HR performance,a firm with good employee relations lowers its employees’ turnover rate and improves employee motivation.
f.CSR AS A LEVER FOR ATTRACTING,MOTIVATING AND RETAINING EMPLOYEES: The workplace dimension of csr helps to provide company with ideal environment for high labour productivity and innovation.
g.ENHANCES PROFITABILITY AND HENCE VALUE OF FIRM:
Thus,csr also enhances the profitability of the company and increases the value of the company by the development of the company.
2. ON THE SOCIETY
a.GENERATION OF EMPLOYMENT OPPORTUNITIES:
CSR helps in the development of employment opportunities by providing job to the local people.
b.IMPROVES THE STANDARD OF LIVING:
CSR improves the standard of living of people by the income they get for their job performances in the company.
c.HEALTH OF THE COMMUNITY:
It has strengthen the health condition of the community.
* (with the establishment of SHREE LUNKARAN DAS-GANGA DEVI CHAUDHARY CHARITY HOSPITAL in eastern Nepal in 1994) * CG medicare in Nawalparasi,(where over 3000 patients treated every year) d.ENERGISING OF YOUTH:
CSR helps in energising the youth through different sports programs(like U-19 national cricket,and others like football,squash and golf in the country and awarding them economically and socially)
e.ENRICHMENT OF SOCIAL,CULTURAL AND LITERAL HERITAGE:
CSR also enriches art and literature of the society(with the establishment of SHREE LUNKARAN DAS-GANGA DEVI CHAUDHARY ACADEMI for arts and literature in 1994)
CSR also has a positive impact on the development of women by empowering them in the performance in the company.
CSR has a great positive impact on promoting education in the society(through wai wai quiz and and many scholarships,scholarship like GYANUDAYA scholarship established in 2008 )
CSR plays a vital role in proper sanitation of social environment. * (BY PROECT KASAM(KALIKOT SANITARY MANAGEMENT) ,undertaken in the village named BALI of Kalikot by constructing 5 sustainable double pit latrines) * (Anti-Plastic Campaign through”Green Angels”initiatives) * (promoting Green Community in Kathmandu)
Stronger Financial Performance and Profitability
Businesses can use CSR and corporate sustainability to produce direct benefits for the bottom line. For example, operational efficiencies can be achieved through reducing energy and materials as input factors for production. Wastes can also be reduced and materials can be recycled. These sorts of actions from eco-efficiency can produce concurrent environmental and economic benefits for the company and thereby contribute to stronger financial performance and more positive profitability. Operational efficiencies can be achieved in other facets of CSR such as streamlining the way that information is provided to the investment community as well as to other stakeholders that demand increased transparency....
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