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How the terms ‘corporate social responsibility’ and ‘sustainability’ were twisted

Corporate social responsibility and sustainability are two concepts that have become increasingly popular in recent years. Activists, politicians, and business leaders use them, and corporate and government actions are partly judged according to them. But what exactly do these concepts mean? Are they compatible with efficient management in a free society? To what extent are …

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CSR spends jump 22% to Rs 8,300 cr in FY16

Overall CSR spends by corporates saw a significant 22 per cent rise in 2015-16, with bulk of the money going into education, skills development, healthcare and sanitation initiatives, a research report said. “In absolute terms, total money spent on CSR rose by Rs 2,500 crore to Rs 8,300 crore in fiscal 2016. However, another Rs …

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How do I know if my company is socially responsible?

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 …

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