Evolving corporate frameworks and stiffer legislative norms have reinforced corporate social responsibility as a critical strategic imperative for all profitable businesses. However, lack of focused approach and minimal operational capabilities, inadequate impact metrics and poor execution capabilities impede the strategic integration of CSR into business imperatives of the Corporates. Corporate Social Responsibility initiatives launched in isolation amount to overhead expenses and make it difficult to quantify impact of the CSR programmes, thus promoting distrust amongst stakeholders and further eroding the brand value of the organization.
Skill development is one of the best ways to achieve sizeable impact and derive strategic imperatives from the CSR agenda. FFSC helps the corporates identify and formulate meaningful CSR projects in skill development and employment creation.
Industry can contribute through their CSR in the following initiatives of FFSC: