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  • Writer's pictureThinkCap Advisors

Reshaping CSR: Impact Oriented CSR Consulting for a Multinational Professional Services Company





 
About the Project:

Customer

Indian Arm Of a Global Consulting Firm

Industry

Consulting/Professional Services

Opportunity

The client collaborated with us on several aspects of CSR consulting - covering strategy development, risk analysis, advisory services, compliance, and post-grant monitoring.

Solutions

  • CSR Strategy

  • CSR Documentation & Action Plan

  • Post Grant Monitoring

  • FCRA Advisory

Results

During our due diligence, we identified instances of misreporting by certain NGOs to the client and recommended necessary actions. This lead to the streamlining of the entire CSR strategy


 

During our due diligence, we identified instances of misreporting by certain NGOs to the client and recommended necessary actions.

Company Background

Our client is a multinational company offering a diverse range of services across various sectors, including engineering, design, environmental consulting, planning, and management. The company specializes in projects related to infrastructure, transportation, buildings, water resources, energy, and environmental sustainability.


Work Area


CSR Documentation & Action Plan

In an effort to refine its Corporate Social Responsibility (CSR) strategy, our client collaborated with us on several aspects of CSR consulting. This partnership covered strategy development, , risk analysis, advisory services, compliance, and post-grant monitoring.

The CSR documentation phase involved drafting a CSR policy that outlined key objectives, incorporating necessary elements such as focus areas, CSR governing structure, and reporting mechanisms


Additionally, a detailed action plan was formulated, specifying approved CSR projects in accordance with Schedule VII. This plan covered fund utilization modalities, implementation schedule, monitoring and reporting mechanism, as well as details on impact assessment.

Our involvement extended to reviewing of compliance related documentation and providing guidance on necessary filings.


Post Grant Monitoring

Post-grant monitoring included a thorough review of all pertinent documents, including expenses and activity reports related to providing benefits  to target group. Our team conducted meetings with target groups, gathering firsthand information on the work accomplished by NGO partners in line with board approval.


FCRA Advisory

As part of our CSR consulting services, we provided advice to the client regarding applicability of Foreign Contribution (Regulation) Act,2010 (FCRA) on CSR contribution. A comprehensive risk analysis related to these contributions was conducted.


Resulting Impact

During our due diligence, we identified instances of misreporting by certain NGOs to the client and recommended necessary actions. Consequently, the entire CSR strategy was streamlined and successfully implemented, ensuring proper compliance with legal requirements & execution of the CSR programmes.


About ThinkCap Advisors

ThinkCap Advisors (www.thinkcapadvisors.com) is a consulting firm that uses industry expertise and domain knowledge to help organizations and their teams solve problems and achieve business impacting results. Our team members, comprising of professionals with extensive experience in Big 4 firms and large multinationals, are subject matter experts and their advice is backed by in-depth research, years of experience and deep understanding of the prevailing market scenarios.

 

As a Corporate Social Responsibility (CSR) consulting services firm,ThinkCap Advisors provides end-to-end CSR advisory services. Our sector experts, comprising of chartered accountants and professionals from  social sector background, assist companies in meeting their CSR obligation by hand-holding through all stages of  CSR life cycle.

 

Work Areas:

-          Tax & Regulatory

-          Social Sector

-          Consulting

-          Technology Solutions

 



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