National Guidelines on Responsible Business Conduct

The Ministry of Corporate Affairs (MCA), Government of India, released a set of guidelines and principles called the National Guidelines on Responsible Business Conduct (NGRBC). The NGRBC has been designed to assist businesses to perform the requirements of regulatory compliance.

1. National Guidelines on Responsible Business Conduct Dr Emmanuel Daniel Faculty of Social Work

2. Introduction Social, Environmental and Economic Responsibilities of Business Framework by the Ministry of Corporate Affairs, Government of India Staying competitive and profitable Not enforceable by law 04-07-2020 Dr Emmanuel Daniel- Corporate Social Responsibility 2

3. Need for Responsible Business Conduct Rapid liberalisation and privatization Higher foreign investment Growing economies Inequality grew deeper Increase in unemployability Conflicts with local communities Growing pressure on private companies 04-07-2020 Dr Emmanuel Daniel- Corporate Social Responsibility 3

4. National Guidelines on Responsible Business Conduct Govern with integrity (Ethical, Transparent & Accountable) Provide goods & services that is sustainable and safe Respect & promote the well-being of all employees Respect the interests and responsive to all the stakeholders Respect and promote human rights 04-07-2020 Dr Emmanuel Daniel- Corporate Social Responsibility 4

5. National Guidelines on Responsible Business Conduct Respect and make efforts to protect & restore the environment Influencing public and regulatory policy (responsible & transparent) Promote inclusive growth and equitable development Provide value to their consumers in a responsible manner 04-07-2020 Dr Emmanuel Daniel- Corporate Social Responsibility 5

6. Reference Press Information Breau Government of India (2019) National guidelines on responsible business conduct, Retrieved from https://pib.gov.in/Pressreleaseshare.aspx?PRID=1568750 04-07-2020 Dr Emmanuel Daniel- Corporate Social Responsibility 6