Professional Documents
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Corporate Social Responsibility At Grass Route Level
INDEX
CORPORATE SOCIAL RESPONSIBILITY
MEANING DEFINITION CAROLLS RESPONSIBILITY PYRAMID
ECONOMIC
LEGAL ETHICAL DISCRETIONARY RANBAXY LABORATORIES LIMITED PROFILE CSR ACTIVITIES
Corporate social responsibility (CSR): An obligation, beyond that required by the law and economics, for a firm to pursue long term goals that are good for society . The continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as that of the local community and society at large. Thus CSR is about how companies manage the business processes to produce an overall positive impact on society.
Legal responsibility is also basic & firm should operate within the law.
Ethical responsibility refers to a behavior by a firm i.e. expected by the society but not codified into law. Here the responsibilities are somewhat ill-defined. Discretionary responsibilities are purely left to the corporate. They are purely voluntary obligations that an organization assumes training, unemployed, hardcore criminals, education for a single girl child etc.
Ranbaxy Laboratories Limited (Ranbaxy), India's largest pharmaceutical company, is an integrated, research based, international pharmaceutical company, producing a wide range of quality, affordable generic medicines, trusted by healthcare professionals and patients across geographies. Ranbaxy today has a presence in 23 of the top 25 pharmaceutical markets of the world. The Company has a global footprint in 46 countries, world-class manufacturing facilities in 7 countries and serves customers in over 125 countries.
In the future there are plans to develop more need-based programs with emphasis on educating and empowering communities through knowledge, access to information and provision of quality services. The aim remains to improve their quality of life and achieve sustainable human development.
Ranbaxy Science foundation (RSF) is a non profit organization dedicated to promote scientific endeavours in the country by encouraging and rewarding and channeling national and international knowledge and expertise on subjects connected with treatment of diseases afflicting mankind. To achieve these objectives, the Foundation conducts Round Table Conferences on topics concerning public health and symposia on topics at the cutting edge of research in medical sciences to explore the latest in the selected area of specialty and its potential application for the benefit of mankind.
Ranbaxy has been working on the anti-malaria collaborative research project since May 2003. Although antimalarial drugs have a large market, it is a market with very limited resources. Together with the challenges of drug resistance, poor health systems, lack of affordable, safe and convenient treatment options, malaria treatment represents one of the largest unmet medical needs. Ranbaxy collaborated with Medicines for Malaria Venture to develop the synthetic peroxide antimalarial drug in order to address this unmet need.
Ranbaxy remains committed to excellence through the discipline of process and continual improvement in EHS performance aimed at minimizing risks. While there is a great emphasis and considerable investment being made in improving our EHS performance, we firmly believe that the nucleus of our excellence lies in the responsible behavior of our employees. The involvement of management and staff in the collaborative development of solutions to improve EHS performance is a key strategy for excellence.
Our inherent belief that all workplace illnesses and injuries are preventable has been the driving force in keeping our manufacturing sites, R&D and Corporate Office safe. Numerous positive initiatives were undertaken during the year to enhance workplace safety. Our Dewas site further added a road safety initiative to educate employees, contractors and the local community on positive road behavior. Emergency preparedness at Ranbaxy was ensured through regular table top and mock drills exercises, at all manufacturing sites as well as at R&D. Additionally, a safety audit by The National Safety Council was conducted during the year at our Mohali API manufacturing facility.