More than half of Nifty companies spent less than what the law mandates them to towards corporate social responsibility (CSR) in FY16, data compiled by FE reveals. The study reveals that while 25 of the 47 Nifty constituents that were required to spend towards CSR in FY16 spent less than the prescribed 2% of their …
Over half of Nifty companies failed to meet CSR limits Read More »
Corporate social responsibility used to be a bolt-on afterthought for many companies. Firms would budget some leftover funding for charity, make some end-of-year donations or schedule volunteer time for their employees and check the corporate social responsibility box.
For internationally operating companies, it’s difficult to build a great reputation for social responsibility. It takes more than just commitment to community, building a solid workplace for your people and honest governance—it takes the ability to communicate your positive deeds to others lest they go unnoticed.
In an age when tweets about an earthquake move faster than the human experience of the tremors themselves, good global citizenship is nearly impossible to fake. I could prove this by producing charts and graphs showing how your company culture impacts your profits, employee turnover, job satisfaction and media coverage.
Bhaskar Chatterjee, director general and CEO of Indian Institute of Corporate Affairs (IICA), a think tank under the aegis of the union ministry of corporate affairs, retired last week after five years at the institute. Credited with drafting the Corporate Social Responsibility (CSR) Rules, 2014, Chatterjee traces his engagement with the corporate world back …
Firms recognizing benefits, impact of CSR: Bhaskar Chatterjee Read More »
