If you are an Indian citizen, then you can’t deny the fact that TCS aka Tata Consultancy Services company is for sure one of the most impacting companies in the country, right? Well, that’s not just because they bring a lot of business to India, nah, they also help out people who are in need, and do a lot of things for the community in the country. And if that has already got your attention, then keep on reading because this is the lowdown on TCS Company’s CSR activities in India. Alright, here we go now.
TCS’s CSR vision and mission
At the heart of its CSR mission is a vision to empower communities by connecting people to opportunities in the digital economy. The mission though? To build equitable, sustainable, and inclusive pathways for all, with a special focus on youth, women, and marginalized groups. The vision and mission are in sync with the ethos of the Tata Group, where the community is not just another stakeholder but the very purpose of its existence, you know?
Key CSR Initiatives and Programs
1. STEM and Rural Education
Understanding that a strong education system is vital for the evolution of society, TCS focuses heavily on STEM and rural education in its programs. At the core of these initiatives is a key focus: increasing educational literacy with a special emphasis on science, technology, engineering, and math in order to prepare for future workforce needs, you know? The company focuses on ensuring that its programs offer not only access to quality education but also the ability to inspire innovation among students.
2. Healthcare Initiatives
As part of this program, TCS’s focus on healthcare as part of its corporate social responsibility activities is a clear representation of one of its key goals: a stronger commitment to health and wellness across communities. The company leverages its enormous abilities in technology to provide an integrated Hospital Management Systems to enhance the efficiency and effectiveness of healthcare delivery. One key project in this area is that TCS is providing a comprehensive and fully integrated web-based solution to The Cancer Institute, Chennai, The hospital management system provided by TCS is specifically designed to manage the systems in a comprehensive way.
3. Employment and Entrepreneurship
One major area that TCS is focusing on in its support of corporate social responsibility is creating employment and entrepreneurship. Several of its programs are designed to get at the heart of issues related to unemployment and underemployment. One of these programs is its Youth Employment Program (known as YEP). YEP empowers rural youth with the necessary skills for 21st-century jobs, you know? What is notable about this CSR program is the fact that through its skill development, TCS is providing the necessary backdrop for practical employment. Another program in this area is the BridgeIT program. This program takes marginalized youth and transforms them into digital entrepreneurs. Through the program, the youth are given the chance to gain a livelihood for themselves through offering essential services in their community.
4. Digital Literacy and Skill Development
TCS has launched some major programs in a bid to secure what it sees not only as the future of its company but the future of technology as a whole: goIT and Ignite My Future. Both of these programs are designed to help cultivate digital innovators and to promote computational thinking among students. In this way, TCS is able to give students not only the basic opportunity to learn computing skills, they are also given the opportunity to think critically and solve real-world problems.
TCS CSR Expenditure
TCS’s financial commitment towards CSR is quite striking indeed. Rising yearly expenditure, like there’s been an increased financial commitment every year, underlines the sustained work in such areas. It’s been consistent in its investment in sustainable development programs and over the years, has exceeded the statutory requirement of 2% of the average net profits the company makes every single year. Besides, the TCS Foundation has been incorporated to facilitate the carrying out of CSR activities, as well.
TCS’s CSR Governance and Implementation
TCS has a CSR governance structure to ensure that initiatives align with the company’s vision and mission, you know? The CSR committee, comprising senior leadership, oversees the formulation, recommendation, and monitoring of CSR policies and programs right here in the country. Strategies for implementation include forming partnerships with NGOs, government bodies, and direct TCS initiatives, ensuring that the scope of impact is comprehensive and large in every sector, no matter what!
Final Thoughts
As an Indian company, without a doubt, TCS has the best CSR programs in place right here in India. And it is not like they have started it recently, nah, they’ve been doing good for the nation for literally decades now, and that’s kinda insane if you think about it for a sec.
Meet Suhas Harshe, a financial advisor committed to assisting people and businesses in confidently understanding and managing the complexities of the financial world. Suhas has shared his knowledge on various topics like business, investment strategies, optimizing taxes, and promoting financial well-being through articles in InvestmentDose.com