Corporate Social Responsibility (CSR) is the integration of socially beneficial programs and practices into our business model and culture and it is the continuing commitment to behave ethically and to contribute to nationís economic development. Through this, we aim at improving the quality of life of the workforce and their families as well as of the local communities and society at large to produce an overall positive impact on society.
Cochin Shipyard Ltd., in consonance with its Corporate Vision looks forward to continue in the best tradition of being a responsible Corporate Citizen recognised for the quality of its products and services and respected for its ethical way of conducting business. In this, it endeavours to follow the path of shared inclusive growth, thereby distributing the fruits of its prosperity towards improved quality of life of the society and contributing to environment and Nature for sustainable development.
CSLís contribution towards Corporate Social Responsibility till date include interventions in healthcare both primary and secondary including in tribal areas, organising free medical camps/supporting charitable dispensaries, interventions in support of the Government of Indiaís Clean India Mission (Swachh Bharat), Education infrastructure creation, improving quality of education, scholarships, creating facilities for education of underprivileged and challenged children, women, geriatric and support to terminally ill patients, providing aid during disasters/natural calamities, providing employment to handicapped and Ex-serviceman, rainwater harvesting, plantation of trees, green energy and conservation of natural resources through environmental management.
Globally, the business scenario has been undergoing an unprecedented change leading to evolution of innovative strategies. Organisations are increasingly realising that their operations have a large impact on not only stakeholders like employees, shareholders, suppliers, customers but also on members of public sphere, communities and environment. It is considered to be the moral responsibility for an organisation to take care of the surroundings and people whose lives are being impacted by its operations.
Every business enterprise must take responsibility and be accountable for the social and environmental effects it has in its surroundings. Through this the concept of Corporate Social Responsibility (CSR) emerged, paving a way for businesses to return back to the society from the profits it earns. Such initiatives on the part of a company to improve livelihood of people and preserving environment at surroundings of its operations also go a long way in gathering acceptance from local communities.
Economic growth is possible only through consumption of inputs available in the environment and society. The harnessing of natural resources has a direct impact on the economy, the environment and society at large. Corporate Social Responsibility (CSR) is a concept whereby organizations serve the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations. CSR has come to be accepted as an effective vehicle to reach the economic benefits of the corporate to its various stake holders in a more focused, tangible and measurable manner than before. It is no more an extended arm of charity of the corporate but an integral management function.