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In this project, as a CSR Reporting Agency, we supported in systematic and transparent disclosure and communication. Well composed CSR Reporting helped them to demonstrate transparency to their stakeholders and communicate their social performance.
CSR Consulting Project: Independent Reporting & Disclosure of Corporate Social Responsibility (CSR) Initiatives
There is indeed a very close connection between good for society and good for business. A public disclosure communication in the form of CSR Reporting provides investors and stakeholders with a clear understanding of a company’s approach, goals, and performance most material to their business.
The Multi-Discipline Engineering Company is involved in manufacturing and construction projects with more than 3000 crore turnover serving both Private and Public Sectors, Indian and Overseas. They are considered as one of the most respected Indian engineering & construction companies with decades of experience in their kitty.
For consecutive years, they considered Consultivo as a partner CSR Reporting Agency.
India
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Duration of the project: 2 months/year since 2016
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Industry: Engineering & Construction
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The Challenge
A number of government, legislative bodies and stock exchanges around the world have started demanding Corporate Social Responsibility Reporting or CSR reporting. They expect the report to be structured and contentful. It was important for the engineering conglomerate to communicate and disclose that this data is available to the government, investing/funding community and the general public. It was also a crucial step in encouraging the systematic adoption of CSR initiatives.
Transparent Reporting & Disclosure Consulting – How we did it as a CSR Reporting Agency
What standards and guidelines we used as a CSR Reporting Agency?
The foundation of the report has been built on the National Guideline on Responsible Business Conduct, National Voluntary Guidelines (NVG), Business Responsibility Reporting (BRR) and CSR related statutory requirements in India.
We used several tools and guidelines for CSR reporting issued by different stock exchanges, national and international bodies.
We also used our knowledge and expertise in GRI standards.
For stakeholder engagement, we used AA 1000 SES as a guideline.
How we helped our customer?
Corporate Social Responsibility Reporting or CSR reporting helped the engineering conglomerate to measure, understand and communicate their social and governance performance, and then set goals, and manage change more effectively.
This series of yearly CSR reports are considered as the key platform for communicating social and community performance and impacts.
It also enables them to be transparent about the social risks and opportunities they face. This increased transparency leads to better decision making, which helps build and maintain trust in businesses and governments.
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