ICC-Consultivo Knowledge Report on Creating CSR Impact: The Change Maker’s Handbook

Knowledge Bank | Social & Sustainability | Corporate Social Responsibility (CSR)

The Indian Chamber of Commerce (ICC) and Consultivo have unveiled a Knowledge report, “Creating CSR Impact: The Change Maker’s Handbook,” a pivotal resource for Indian businesses, foundations, and NGOs dedicated to amplifying CSR impact in India. Drawing from over 130 projects across 20 states, this comprehensive analysis illuminates the strategic execution and profound effects of CSR activities across social, environmental, and economic spheres in India.

Launched during the ICC Social Impact Awards 2024 at Taj Bengal on March 12, 2024, the report underscores the transformative potential of CSR in India.

Key Insights and Enablers

The report outlines crucial enablers for impactful CSR, emphasizing alignment with organizational goals, stakeholder engagement, and the integration of CSR into core business strategies, aligning with CSR guidelines and the CSR framework in India. It highlights the critical role of governance, transparent decision-making, and risk management in fulfilling CSR requirements and enhancing CSR ratings.

Research Findings

Revealing trends from a review of projects impacting over 10 million individuals, it highlights the significant role of corporate CSR departments and foundations in driving CSR activities in India, adhering to a solid CSR framework and CSR best practices. The indispensable contribution of NGOs and civil society organizations in executing CSR initiatives underscores the necessity of collaborative CSR practices and initiatives.

Challenges and Opportunities

Addressing scalability and sustainability challenges, the report stresses the importance of measuring CSR impact and engaging stakeholders. It advocates for strategic CSR approaches, including regular impact assessments and leveraging Social Return on Investment (SROI) methodologies, to optimise the social value of CSR initiatives, following best global practices of CSR.

Enablers at a glance

Strategy and governance

Credibility

Alignment

Performance

Impact & value realisation

Download the Report

This ICC-Consultivo Knowledge Report serves as an essential CSR handbook for Indian businesses, foundations and non-profits, promoting a well-informed, strategic approach to CSR in India. It encourages collaborative efforts to boost the effectiveness of CSR initiatives, contributing to societal and environmental progress and cementing India’s position as a global leader in responsible business practices.

About Indian Chamber Of Commerce (ICC)

The Indian Chamber of Commerce, or ICC as it is popularly known, is the premier body of business and industry in India. The membership of the Chamber comprises several of the largest corporate groups in the country, with business operations all over the country and abroad.

One of the most pro-active Chambers in India, the ICC has been privileged to interact and host several of the esteemed Indian Presidents and Prime Ministers in the past.

With over eighty years of service to the nation, the ICC retains the character of being the premier Chamber with senior Indian industry leaders forming the core of its Executive Committee or the Governing Board of the Chamber.

About Consultivo

Consultivo is a management advisory and consulting firm helping global businesses in the areas of Sustainability, Business Excellence & Risk Management – both in strategic and operational levels.

Consultivo research and analytics wing works on industry, society and community oriented research programs on ESG, Sustainability and business risk in both qualitative and quantitative fields.

As an Independent and leading CSR Consultant in India, Consultivo offers CSR Strategy Consulting, Baseline and Need Assessment, Stakeholder Mapping and Engagement, CSR Project Monitoring and Evaluation, CSR Impact Assessment, SROI Assessment and CSR Communication Reporting.