Challenges with CSR
Challenges companies face with CSR
- CSR and charity efforts are often hindered by the lack of a clear purpose or target
- The money given to a charity target must be justified to several groups of people in the company; e.g. management team, employees and stakeholders. An investment in a charity project needs to be clearly defined and outlined – just like any other project or investment. There has to be a clear tie between the investment and the target
- Quite often the donated money is wasted on overhead costs, non-direct fees and taxes rather than in the exact target
FFC provided solutions to CSR challenges:
- Through FFC the company can choose a small or large target for your CSR donation from several transparent and quality proven charity projects.
- FFC will govern and give regular updates on the specific charity donations
- FFC is an option to outsource the oversight and administration of the CSR project
Success stories:
A Fen Fang School Project in Sichuan 2008-2009
- 4,5 million RMB donated to rebuild a school
- no overhead costs due to volunteer-driven project
- targeted to build the school, donate books, equipment, labor etc.
