Impact Assessment of CSR Projects

IMPACT ASSESSMENT OF CSR PROJECTS

At PHDCCI, we understand the significance of Corporate Social Responsibility (CSR) in driving positive change. Our expert team specializes in conducting comprehensive impact assessments of CSR projects, ensuring that your initiatives not only meet regulatory requirements but also create a meaningful impact on the communities they serve.

 

Why is it necessary?

 

  • Rule 8 (3) of Companies (Corporate Social Responsibility Policy) Amendment Rules, 22nd January 2021 brings new requirement of Impact Assessment
  • If the CSR target of the company, in each of the 3 preceding financial years, is Rs 10 crores or more, activity or the project has an outlay of Rs 1 crore or more then Impact assessment needs to be carried by an Independent Agency from AY 2020-21
  • The impact assessment reports shall be placed before the Board and shall be annexed to Annual Report on CSR.
  • A company undertaking Impact Assessment may book the expenditure towards CSR for the financial year, which shall not exceed 5% of total CSR expenditure for that financial year or Rs. 50 lakhs, whichever is less
  • PHDCCI having competent team for conducting impact assessment of CSR project

 

  Benefits of the study:

 

  • CSR impact assessment can provide insight into past year’s performance to current stakeholders. It can help the founder, funder, or the business owner understand how effective their CSR donation was
  • Highlights the Gaps in the Project and Ways to Improve It
  • Provides Insight into Development of the Community
  • Ease the Performance valuation for the Management
  • Assess the Relevance and Sustainability of the Project

 

Through meticulous evaluation, we go beyond numbers, capturing the true essence of your CSR endeavours. Our assessments provide a holistic view of the social, environmental, and economic impact, enabling your organization to make informed decisions and enhance the effectiveness of your philanthropic initiatives.

 

Partner with PHDCCI for CSR impact assessments that reflect your commitment to social responsibility. Let us help you measure the transformative power of your projects, ensuring they leave a lasting and positive mark on the world. Together, we can build a legacy of impactful and sustainable corporate citizenship.

 

  1. ENVIRONMENT SOCIAL GOVERNANCE (ESG)

 

PHDCCI is dedicated to promoting sustainable business practices, and as part of our commitment, we specialize in conducting comprehensive Environment, Social, and Governance (ESG) assessments. Our expert team brings a wealth of knowledge to evaluate and enhance your organization’s performance in these critical areas.

 

Why is it necessary?

 

  • ESG is a framework that helps stakeholders understand how an organization manages risks and opportunities around sustainability issues.
  • ESG has evolved from other historical movements that focused on health and safety issues, pollution reduction, and corporate philanthropy.
  • ESG has changed how capital allocation decisions are made by many of the largest financial services firms and asset managers in the world
  • An emerging class of ESG specialists is stepping into the industry and supporting both net zero and carbon neutrality goals

 

Benefits :

 

  • Organisational Reporting on ESG Framework Easily Achieve, Net Zero, Carbon Neutrality and Water Positive Target

 

Through meticulous analysis, we delve into the environmental impact, social responsibility, and governance structure of your operations. Our ESG assessments not only help align your business with global sustainability standards but also empower you to make informed decisions that prioritize long-term resilience and responsible corporate citizenship.

 

Partner with PHDCCI for ESG assessments that go beyond compliance, shaping a future where businesses thrive in harmony with the planet and contribute positively to society. Together, let’s build a sustainable legacy grounded in environmental stewardship, social equity, and robust governance practices.