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Karmic seeks to work very closely with Corporates in furthering their agenda of Corporate Social Responsibility (CSR). Many corporates are voluntarily taking steps to improve the quality of life for employees and their families as well as for the local community and society at large. Corporate Social Responsibility (CSR) aligns business operations with social values.
A company that is considered a good corporate citizen is one that demonstrates a commitment to its stakeholders through socially responsible business practices, transparent operations and involvement with the betterment of society at large. . It is no more viewed as a liability on corporate resources.
Karmic is a trusted partner that can be relied on by Corporates to achieve these goals. Karmic actively seeks to network and forge partnerships with like minded corporate organisations in India as well as across the world.
Karmic helps the corporate in strengthening their CSR Programme in following ways:
- Social Audit of Corporates internal CSR Projects
- Development & Execution of New projects jointly
- Customized Projects for Corporate social programs.
Social Audit
We help you measure the results, effectiveness and value of CSR /Sustainability initiatives using both quantitative and qualitative methodologies. We offer this stand alone services for all programs being run by under CSR regardless whether they are with our intervention or without. Corporates are investing substantial resources in their CSR initiatives. Its critical that the social ROI and operational effectiveness of these initiatives are audited independently and professionally.
We conduct sustainability and social audits as well as social compliance audits which monitor and measure the project's progress against relevant indicators and benchmarks. Ask us for a detailed presentation on the scientific matrix and ROI calculator used by us for the social audit.
As understood, audits are needed when accountability can no longer be sustained by informal relations of trust alone but must be formalized, made visible and subject to independent validation. A social compliance audit is a systematic and independent external assessment administered to determine whether an entity is meeting those standards and complying with established policies, operating procedures and national and local laws.
Development and Execution of New projects jointly
Karmic offers expert services for developing strategies for social programs, their rollout and monitoring. Strategic planning enables one to answer the following questions:
- Who are we?
- What capacity do we have/what can we do?
- What problems are we addressing?
- What difference do we want to make?
- Which critical issues must we respond to?
- Where should we allocate our resources?
- What should our priorities be?
- How do I figure out what my community's needs are ?
- Who is my target audience ?
- How do I find credible NGOs !
- How much money should I spend !
- How do I define and measure success !
- Where do I find high impact social projects ?
- Where should I spend my money ?
Only once these questions are answered, is it possible to answer the following:
- What should our immediate objective be?
- How should we organise ourselves to achieve this objective?
- Who will do what when?
The process of development of a strategy is a rigorous one. It involves steps like establishing work flow, gathering historical data, establishing business objectives and challenges, defining target audience and assessing their needs.
Karmic works with the Corporates to design projects to meet the specific strategy and then undertake the full implementation as below:
- Identify implementation partners
- Work out detailed roll out program
- Monitor the implementation
- Evaluate the outcome by feedback reports
Customized Projects
Karmic works closely with Corporates to provide the following services for specialized ready-to-go projects. We do the following:
- Present a range of projects and credible NGOs to choose from.
- Assist corporates in finalizing projects and NGOs.
- Develop concept note giving details on the chosen projects.
- Provide full project management support which includes fund disbursement schedule, fund utilization and project feedback.
- Become implementation partners of Corporates' social programs
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