Corporate social responsibility (CSR), the term given to companies’ efforts to deliver economic, social and environmental benefits alongside great products and services, is not always a favorite topic in business meetings. The idea of “giving back to the community” certainly has its appeal, and there’s no doubt that it makes for a great press release.
Mr. Eustace Onuegbu is the President of International Network for Corporate Social Responsibility (INCSR) and the CEO of De Bernards Consulting Ltd. He is a seasoned CSR resource person and an avid advocate of instituting global best practices in the conduct of Corporate Social Responsibility (CSR) in Nigeria and Africa in general. In this interview …
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The introduction of mandatory corporate social responsibility (CSR) spending under the Companies Act, 2013, has unleashed a wave of spending on social sector programmes: around Rs 6,300 crore in 2014-15. This has been a game-changer for Indian philanthropy.
Robert Bosch Engineering and Business Solutions Pvt Ltd (RBEI) has initiated work with the local community to create a more vibrant city. “Our facility is recognised at the national level for our role in sustainable practices. We look for smart, long lasting solutions”, Anitha, Head – HR at RBEI Coimbatore Centre, said.
Ever since the Companies Act came into effect in 2013, two-thirds of Indian companies have failed to comply with the mandatory 2% expenditure on Corporate Social Responsibility (CSR). This includes 32 of 50 NIFTY companies.
