Why CSR projects are to be appraised before implementation? Discuss an

Question

Why CSR projects are to be appraised before implementation? Discuss any two CSR project appraisal techniques with examples.

21 Oct 2023

Answer :

Word Count : 606

Corporate Social Responsibility (CSR) has become a vital aspect of business operations, reflecting a company's commitment to societal well-being. CSR projects and programs play a crucial role in fostering sustainable development and positive social impact. However, to ensure the success and effectiveness of these initiatives, it is essential to appraise them thoroughly before implementation. This essay delves into the reasons behind the need for CSR project appraisal and discusses two prominent techniques, Cost-Benefit Analysis (CBA) and Social Return on Investment (SROI), with real-world examples to illustrate their application and significance.

Why Appraise CSR Projects Before Implementation?

1. Strategic Alignment:
- Example: Consider a pharmaceutical company aiming to improve healthcare in underserved communities. Through appraisal, the company can align the _________ ____ ____ _________ _________ __________ ______ _____ ___ _________ _______.
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