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Employee Volunteering: Impact and Benefits

The SoulAce software platform for employee volunteering in India continuously updates information with requirements for volunteers for different projects that employees can choose from. It can be customized to reveal opportunities that align with the aims of the companies and their employees.

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CSR Fund Utilization Audit for Firms

Besides complying with government regulations, incorporating fund utilization audits for companies can have numerous benefits for firms such as, Avoiding Penalties, Lending Sustainability to CSR Activities, Building Trust among Partners, Implementing Realistic and Scalable Models.

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How Important is CSR Software for CSR Initiatives?

Corporate Social Responsibility (CSR) is an essential system in creating ethical business models worldwide. Countries regularly update their rules and regulations regarding CSR to improve its impact. The Ministry of Corporate Affairs in India provides comprehensive and dynamic documents, acts, and FAQs to better understand the role of CSR and its implementation by qualifying companies. This includes fulfilling their duties towards alleviating social or environmental issues and creating a more inclusive and sustainable space.

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Why Do Corporations and Companies Need a CSR Monitoring Platform?

CSR Monitoring Platform helps in Creating a Central CSR Database, Strategizing for CSR Initiatives, Allocating Responsibilities and Proper Recognition, Efficient Impact Assessment and Report Writing & Sharing the Company's Achievements and Improving its Transparency.

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How to Monitor Your CSR Projects with CSR Software | SoulAce

The need for a responsible, transparent, and efficient monitoring platform of the CSR projects has always been a critical need for the corporations executing Corporate Social Responsibility and abiding by Section 135 of the Companies Act, 2013. This CSR project monitoring software includes periodic performance evaluations to track the company’s progress and impact in terms of the Key Performance Indicators (KPIs).

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5 Key Takeaways for CSR Professionals in 2022

Community investments play an important role in CSR and is one of the growing CSR strategies. It can be direct cash, non-cash contributions, or grants from the foundation. Sustainability is no longer a standalone CSR objective. It should be part of a consistent approach for CSR that aims for the sustainable development of an organization. No organization wants to stay behind when it comes to social impact and sustainability. This is the reason why benchmarks are helpful for the organization to measure the progress of CSR projects.

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How Do You Measure The Impact Of CSR Activities?

Corporate Social Responsibility (CSR) is now an essential part of the corporate world and is no longer a choice or profit-making agenda incorporated in some business houses. It is desired that the proper measures to understand the CSR activities as it is now one of the potential aspects in the companies’ regulations, and almost all the corporate houses have adopted it in their policies to concentrate on a more sustained environment.

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What is the Importance of CSR MIS & Monitoring Platform?

CSR software manages, administers, and tracks CSR programs that might include environmentally responsible operations, grants and sponsorships, sustainability management, community giving, and corporate volunteer management. These solutions help companies share their CSR program accomplishments with customers, employees, and investors. Additionally, corporate social responsibility software helps businesses continually improve their policies and practices to support their CSR values.

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CSR Notification: CSR Impact Assessment Made Mandatory

CSR Impact Assessment is the process of comprehending the impact that has occurred in the lives of the beneficiaries, where the project was implemented. This helps to understand the overall outcome and impact of the project from the eyes of the beneficiaries. The New Rules in the Companies Amendment Act have brought in some changes which show Government’s encouragement towards the corporates to pursue impact assessment for their ongoing CSR projects.

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How did the CSR project reduced water scarcity and improved the livelihood of the people?

A year has passed since the implementation of the project, planned to resolve the issues of water scarcity at Satara District, Maharashtra. Recently our Team visited the Satara District, to conduct a CSR Impact Assessment study of the Water Harvesting Project. This project was executed last year by our Corporate Partner.

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The Importance of CSR Impact Assessment Study

Today, nearly every company strives to solve a problem. It could be a global problem or a more community-level problem. Businesses who address the concerns of customers and other stakeholders are likely to be more successful. In addition to building monetized products and services, a business also has the opportunity and responsibility to help and donate to its community or society at large through the Corporate Social Responsibility (CSR) policy.

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SROI Study Of CSR Project By SoulAce

SoulAce conducted a Social Return on Investment (SROI) study of a Girl Child Education Programme in Thoothukudi, Tamil Nadu. This project began in 2012 and aimed at supporting girls with a range of social, academic and material support to enable and empower them to continue schooling by minimizing social and economic constraints.

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How Effective Has CSR Been In Education Sector?

During the 2017-18 financial year, the total CSR expenditure in the country was Rs.7,536.30 crore. This is a 47% increase from 2014-15, when the Amendment was first enacted. Specifically, education has consistently been among the most favoured sectors that companies have invested in, with the year 2018 seeing INR 2202 crore being spent on this sector alone.

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What are the Shared Value of CSR from Indian Context?

In 2014, India introduced CSR law being the first country in the world to make it mandatory. The corporate sector was initially taken by surprise and many of them perceived this as an additional tax burden. India also saw a new government in 2014, which was under pressure by Industry Bodies and Associations to overturn the law.

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How has CSR evolved in India ?

India has the world’s richest tradition of Corporate Social Responsibility (CSR). The term CSR may be relatively new to India, but the concept dates back to Mauryan history, where philosophers like Kautilya emphasized on ethical practices and principles while conducting business. CSR has been informally practiced in ancient times in form of charity to the poor and disadvantaged.

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