Corporate Social Responsibility (CSR) is a self-regulation business management model whereby companies integrate social and environmental concerns to itself, its stakeholders and the public. By practising CSR, also called corporate citizenship, a company achieves a balance of economic, environmental and social imperatives (“Triple-Bottom-Line-Approach”). In this sense it is important to draw a distinction between CSR, which can be strategic business management concept and charity, sponsorships or philanthropy.
As per as Corporate Social Responsibility is concerned, the Companies Act, 2013 is a landmark legislation that made India the first country to mandate and quantify CSR expenditure. The inclusion of CSR is an attempt by the government to engage the businesses with the national development agenda. The details of on corporate social responsibility is mentioned in Section 135 of the Companies Act, 2013. The Act came into force from April 1, 2014, every company, private limited or public limited, which either has a net worth of Rs 500 crore or a turnover of Rs 1,000 crore or net profit of Rs 5 crore, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on Corporate social responsibility activities.
So Why Being a Startup Mount Woods Studio is involving itself into Corporate Social Responsibility (CSR) when big companies are already doing it?
Well IT’S OUR WORLD and IT’S OUR RESPONSIBILITY TO MAKE IT A BETTER PLACE. Our small actions can make a huge difference so we are on a mission where we will try to do our best as much as we can. It is also said that One PC/Laptop emits radiation and its the company's responsibility to make its office environment greener and cleaner. So we are doing the same. We’ll be indulging ourselves in various activities, aware people about the responsibilities, educate needy people, make our surroundings cleaner and greener. So We Ankit Dhadwal and Pankaj Tilara as the founding members of the company take this pledge to bring a change and help as much as we can.