Cynical practice has always been the root weakness of CSR, which grew into a form of enlightened behaviour as a legitimate extension of the art of public relations. Ethical Corporation, a UK-based organization in the business of providing news and research on sustainability, headlined this theme for a marquee event in London next June: “The …
Companies spent around Rs 5,082 crore or 92.7% of the mandated Rs 5,478 crores on CSR activities. The Nifty 50 companies have spent about 27% more in CSR (corporate social responsibility) activities this year, compared to last year, said a report by CimplyFive Corporate Secretarial Services, a tech solution provider for compliance. According to the …
Nifty 50 companies’ 2016 CSR spending rise by 27% Read More »
In order to integrate concrete CSR commitments into corporate compliance programs, a company must establish how each commitment translates into performance requirements for the relevant business units and departments. The nature of these requirements may differ considerably depending on a company’s industry and operating context, and the extent and nature of their CSR commitments.
Globally there is a growing emphasis on employee volunteering. The “Giving in Numbers: 2016 Edition” annual survey on corporate community engagement surveyed 272 multi-billion dollar companies globally (including 62 Fortune 100 companies).
Despite incurring net losses to the tune of Rs.1,421 crore during 2015-16, Rashtriya Ispat Nigam Limited, the corporate entity of Visakhapatnam Steel Plant, does not want to compromise on its spending on Corporate Social Responsibility. The company spent Rs.8.75 crore on CSR during the last fiscal. During the first half of the current financial year, …
