Can corporates be enrolled to save our forests? Though this is the hope with which the Forest Department reaches out to companies and their Corporate Social Responsibility (CSR) funds, the expectations far outweigh the rewards so far.
A multinational boss fancies himself King of the World. The bottom line is that Paul Polman is not focused on the bottom line.
Under the Companies Act, 2013, a certain class of profitable companies is required to spend at least 2 per cent of their three-year annual average net profit towards CSR works in a fiscal. The norm came into effect on April 1, 2014. Companies spent about Rs 476 crore towards ‘Swachh Bharat Kosh’ as part of …
Companies spend Rs 476 cr under Swachh Bharat Kosh as CSR initiative Read More »
Fast-growing, mid-sized family businesses around the world have identified corporate social responsibility (CSR) as an important element for their success, according to a joint report by Citi Private Bank and UK-based family business information provider Campden Wealth Research. The report, entitled The Top 50 Global Challengers, released last week (March 30), profiles 50 fast-growing family …
CSR a key element for success at top family businesses Read More »
In his groundbreaking 1962 opus Capitalism and Freedom, economist Milton Friedman famously claimed that the “one social responsibility of business [is] to increase its profits so long as it stays within the rules of the game.” Friedman expanded on that idea in a popular 1970 piece for The New York Times, pointing out how a …
The reason your business should have a CSR strategy Read More »
