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Internal
Assignment Applicable for April 2018 Examination
Corporate
Social Responsibility
Caselet :
Biobeauty Ltd‘s idea of responsible
business is to use only natural ingredients sourced from all over the country,
it believes that this will help protect the planet and the people depending on
it. It is especially recognised for not testing its products on animals, other brand
values are support community, defend human rights and activate self esteem.
Last year it donated Rs. 50 lac to support various human rights and women
empowerment organization across India.
According to its annual report of 2015-16
it now needs to comply with section 135 of the Companies Act 2013 and spend 2 %
of its net profit on CSR. Hence this year Biobeauty will have to spend Rs 10
crore on CSR as per the mandate.
Biobeauty is deeply entrenched in working
with the community through its supply chain as it sources majority of its raw
material through self help groups (SHG) run and managed by women from rural and
tribal areas. It has partnered with multiple NGO’s to help organize these
rural/tribal women set up SHG’s and co-operative societies for growing and
trading in herbs / flowers/ fruits / berries etc for which it is the captive
buyer.
Q1. As CSR Manager you have been asked to
come up with three new initiatives/projects from those listed under schedule
VII of the Companies Act 2013 that the company can spend its CSR budget on.
Design and develop a business plan around these 3 areas that you have selected
covering the objectives (impacts expected), goals (target set), target stakeholder,
geographical area where it will be implemented, time frame. Please be very specific
and relevant to the company and section 135 requirements.
Q2. The CEO at Biobeauty Ltd wants your
opinion on whether to partner with an NGO or should Biobeauty work directly
with the target stakeholders for the 3 new CSR initiatives /projects selected
by you. Prepare a document of approx 1000 words for your CEO giving the
advantages and disadvantages for Biobeauty in both the scenarios.
Q3A. Companies Act 2013 requires
Biobeauty Ltd to disclose its CSR Policy on its website as well as Annual
Report of the company. Based on what you know so far about Biobeauty, frame a
relevant and suitable CSR Policy, what is the key purpose of the policy and
what are the CSR focus areas of Biobeauty Ltd.
Q3B. As part of CSR Team you have been
asked to write a report of approx 500 words, which will be published on the
company’s website under “CSR at Biobeauty”, detailing the 3 new CSR
initiatives/projects that Biobeauty has implemented in 2016-17. You must use
the ones you shortlisted in Ans1.
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