Social responsibility is an ethics theory that tries to balance the relationship between “good business” and “good for society” concepts. Corporate Social Responsibility or CSR has been defined by Lord Holme and Richard Watts in The World Business Council for Sustainable Development’s 2000 publication ‘Making Good Business Sense’ as “…the continuing commitment by business …
How do I know if my company is socially responsible? Read More »
In this regard, various RoCs have submitted their reports to the Ministry, which is implementing the Companies Act. More than 530 firms have come under the scanner of the government for violating CSR spending norms under the companies law and are likely to face action.
Corporate social responsibility, or CSR, refers to the policies established and efforts taken by businesses to affect a positive impact on their local communities and the planet as a whole. It’s a term heard in company boardrooms a lot these days as more and more executives become aware of the benefits of CSR programs …
These 3 Companies Are Helping the Environment through Corporate Social Responsibility Read More »
Is this the impact of CSR law in India? Time will tell. Banks and financial institutions will have to spend almost half a billion rupees a year on works that would benefit the society they are operating in, as the banking sector regulator has made it mandatory for these institutions to use 1 percent …
Nepal BFIs told to spend 1 percent of profit on CSR activities Read More »
While issues of corporate social responsibility and sustainability regularly make the news, the MEI is publishing today an Economic Note clarifying these concepts and evaluating their impact on companies and on society in general. Companies that are successful demonstrate their social utility every day by responding to consumers’ expectations, by using available resources in the …
