CSR Spending in Pharmaceutical Sector Companies
Out of 11 pharmaceuticals sector companies only 5 companies could spend the prescribed CSR amount.
Out of 11 pharmaceuticals sector companies only 5 companies could spend the prescribed CSR amount.
Reliance Industries, Infosys and TCS emerge as the top three CSR spenders, volume – wise with Reliance Industries spending almost 42% more than the prescribed while TCS missing the target by one – fourth of the amount. * Among the companies in the analysis.
VIP Industries emerges as the best performer by spending more than the double of prescribed CSR spend, followed by Tech Mahindra Ltd and UPL Ltd.
An analysis of CSR reports of BSE- listed 100 companies presents that 27% companies have spent more than prescribed CSR spend and 64% companies have spent less than the prescribed CSR.
On both local and international scenes, corporate social responsibility (CSR) is being touted these days as a major index to measure business growth.As a result of this, any company worth its salt always want to be seen to be doing something along this line. While CSR understanding and practice is well rooted in advanced economy, …
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