Tag: CSR

  • Tech underpins a new wave of Indian corporate social responsibility

    Tech underpins a new wave of Indian corporate social responsibility

    “There is something magical about the convergence with people halfway around the world. The issues you are dealing with in South Africa are so similar to the ones we are going through in India.” So says Priya Naik, founder and CEO of Samhita Social Ventures in India, addressing delegates at the Trialogue Business in Society Conference in Johannesburg today.

    IT News Africa reports on Priya Naik’s keynote speech at Trialogue 2018

  • These social enterprises have been helping corporates with CSR, long before it became law

    These social enterprises have been helping corporates with CSR, long before it became law

    Priya Naik’s mission is clear. “India has a vibrant social sector and there are complexities associated with the nation too,” she says. “We want multiple stakeholders to come together, collaborate and create value using their core competence.”

  • Financial Inclusion – Key to Economic & Social Development

    Financial Inclusion – Key to Economic & Social Development

    Priya Naik, Founder and Managing Director of Samhita Social Ventures emphasizes on financial inclusion as the key to economic and social development in an article in CSR Mandate.

    In India RBI describes financial inclusion as the process of ensuring access to appropriate financial products and services needed by vulnerable groups such as weaker sections and low-income groups at an affordable in a fair and transparent manner by mainstream institutional players. 

    Financial inclusion is a fundamental cornerstone of economic and social development. The mandatory CSR spending, as stipulated by the Companies Bill 2012, can help foster partnerships and help achieve a joint approach to promoting financial inclusion in a way that is mutually beneficial to all stakeholders.  In order to realize the goal of universal financial inclusion, each stakeholder has to play its part and more importantly, collaborate with each other to harness the benefits and synergies of shared efforts.

  • Wondering About Corporate Spend? Here Are Three Sectors CSR Should Focus On

    Wondering About Corporate Spend? Here Are Three Sectors CSR Should Focus On

    The Better India featured Samhita’s report on CSR in Clean Energy. ‘Energising Development – CSR in Clean Energy: What are India’s top companies up to?’ was created in association with Shakti Sustainable Energy Foundation and International Finance Corporation.

    “By comparison, almost 90% of the companies have a CSR program in education, sanitation or skills and livelihoods. It’s not as if these issues aren’t important, but that energy access plays a critical role in addressing better health, livelihood or education outcomes. It’s all about inculcating an integrated approach towards achieving social change.”

    “By comparison, almost 90% of the companies have a CSR program in education, sanitation or skills and livelihoods. It’s not as if these issues aren’t important, but that energy access plays a critical role in addressing better health, livelihood or education outcomes. It’s all about inculcating an integrated approach towards achieving social change.”

  • India Inc buckles up to mitigate the impact of the COVID-19 pandemic

    India Inc buckles up to mitigate the impact of the COVID-19 pandemic

    “Whether to safeguard their workers or help strengthen the country’s COVID-19 response, companies across India are stepping up to strategically utilize their resources to address the here-and-now but also shoring up for the future in ways that are beneficial to both business and society.”

    Samhita’s CEO & Founder, Priya Naik and Visiting Scientist at The Banyan Academy of Leadership in Mental Health, Dr. Nachiket Mor, illustrate the virtuous cycle of mutual benefit that can be created between business and society, especially in times of such crisis when the chasms between the haves and have-nots are wide.

  • Are healthcare facilities accessible to India’s tribals?

    Are healthcare facilities accessible to India’s tribals?

    “India no longer has the luxury of continuing to wait and watch as millions of its tribal peoples suffer and die from preventable causes.”

    There is a much higher incidence of maternal and under-five mortality, stuntedness, tuberculosis, and cardiovascular diseases among India’s 104 million tribals compared with the larger population.

    Piramal Swasthya and The Bridgespan Group map out the reasons for the lack of reduction of health challenges in tribal areas based on their field studies.

    They outline factors such as barriers in access to healthcare and information, insufficient number of public health facilities, and lack of data.

    They stress that for scalable and population-wide impact to be achieved, especially to meet India’s national aspirations of Sustainable Development goals of health and well being- a focused and collaborative approach between all stakeholders of society is the only way forward.

  • Align your employees with a broader purpose

    Align your employees with a broader purpose

    “Employees are agitating for decisions and behaviours that they can be proud to stand behind and gravitating toward companies that have a clear, unequivocal, and positive impact on the world. Organizations turning a blind eye will face inevitable blowback”.

    Read McKinsey & Company’s insightful article ‘Purpose: Shifting from how to why’’ to know how companies can begin addressing this ‘purpose gap’ and take ownership of their entire business ecosystem.

  • The importance of NGO Governance

    The importance of NGO Governance

    Ragini Menon, Consultant and Anushree Parekh, Advisor at Samhita Social Ventures ask, “Would we prefer to fly on an airline that had the lowest maintenance cost? Or go to the hospital with the oldest, depreciated equipment?” A survey conducted in 2017 revealed that 70% of 250+ NGOs do not possess the funds to recruit skilled staff, and 40% claimed that they could not attract senior leaders due to limited resources.

    Deep contrast to this is the fact that philanthropic giving in India has seen a 15% increase from INR 40,000 crore in 2014 to INR 90,000 crore in 2019. There exists a tradition of majorly providing funding to NGOs for projects, This report unravels why it is absolutely critical for the giving ecosystem to strategically invest in the training, research and organizational development of the talent of NGO partners with the end goal of increasing the overall capacity of outreach, quality, and durability of impact achieved.

    To learn about how to assess an NGO partner, beyond material factors such as responsible governance, financial sustainability, and legal compliance and common societal misperceptions of NGOs, give our article a read.

  • Enabling Stakeholders to Take Purposeful Action for Large-Scale Social Impact

    Enabling Stakeholders to Take Purposeful Action for Large-Scale Social Impact

    “Beyond CSR, we believe in companies integrating social responsibility into their business practices. We have developed the Responsible Corporate Citizenship Continuum (RCCC) to articulate the role of the private sector in society and to provide companies with a framework to conceive human rights and social and environmental responsibility in their business practices as well as CSR.”

    Priya Naik, Founder and CEO, Samhita Social Ventures is interviewed by CSR Mandate where she shares Samhita’s strategies and learnings over the last 10 years while collaborating with a variety of stakeholder such as companies, social enterprises, NGOs, governments, multilaterals and donors. Samhita has curated a number of collaborative platforms to address challenges such as gender inequality, water and sanitation and sustainable livelihoods, with each contributing stakeholder honing their core competencies to collectively create significant impact. In response to COVID, Samhita set up the India Protectors Alliance (IPA) to provide support and equipment to India’s frontline health care and sanitation workers, and REVIVE to pave the path for sustainable recovery of jobs and livelihoods by providing financial and technical assistance.

  • Freedom to earn a livelihood with dignity

    Freedom to earn a livelihood with dignity

    Covid-19 was an eye-opener for many businesses in that it revealed the importance of migrant and informal workers in a business’s supply chains. Undoubtedly, the corporate sector holds the potential and responsibility to change the dynamics within which workers operate. It is therefore in their own enlightened self-interest that businesses should understand migrant workers’ perspectives and account for their welfare.

    A particularly useful way of identifying vulnerabilities and addressing them systematically is the Responsible Corporate Citizenship Continuum (RCCC). The RCCC seeks to articulate the role of the private sector in society and provide companies with a framework to include human rights and social and environmental responsibility in their operations. In the context of a crisis revealing the importance of resilient business networks and a market that values business ethics and brand purpose, the incentives to perform along these lines are clearer than ever.

    Priya Naik, Ragini Menon and Hrishikesh Bhatt from Samhita elaborate on this approach in an article for Forbes India.