A dozen companies have shown interest in using their CSR money in start-up incubators at IITs and IIMs to nurture students to create a social impact. Companies like SAP, Tata Motors and Bajaj Electricals are investing in startups through government-affiliated incubators as a part of their mandatory corporate social responsibility (CSR) spending.
In weighing the costs and benefits of considering the integration of a company’s CSR commitments into existing compliance programs, it is important to recognize that this integration may strengthen the company’s capacity in both areas. One way in which compliance can strengthen CSR is through the development of personnel capacity to meet the relevant performance …
Corporate Social Responsibility and Compliance: How Compliance Can Strengthen CSR Read More »
Corporate social responsibility (CSR) has become a hot topic in the business world. Companies of all sizes are being encouraged (and sometimes forced) to become more responsible in their communities.
Tata Group has adopted a three-pronged approach to fulfil its corporate social responsibility goals, its chairman Cyrus Mistry said in an in-house interview. “In CSR, at the group level we focus on three broad areas: volunteering, disaster response and group programmes.
Recently, I spoke with senior leaders at a Fortune 500 firm. It’s a leader in philanthropy, but the executives feel all their corporate giving goes unappreciated. “We do all the right things, but the public always criticizes us,” they told me. “What’s wrong?” That’s something I hear more and more.
