When companies make public declarations of social responsibility, it can be hard to tell whether they actually change practices or if they exaggerate the impact—a practice known as greenwashing. New research by University of Michigan professors Jun Li and Andrew Wu examined the social outcomes of corporate responsibility efforts. They found:
Absence of granular details is a big drawback, and narrows scope for collaboration. Ever so often, the true test of compliance boils down to how rather than how much was done. The mandatory spending on corporate social responsibility (CSR) prescribed under the Companies Act, 2013, is a case in point.
Corporate social responsibility (CSR) is a strategy many small and mid-size business owners should embrace for two reasons: to help society and to help their own image. There are many causes you can choose to support, such as saving the rainforest, helping refugees, or contributing to a local boys & girls club. A source …
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Sanjit ‘Bunker’ Roy, who turns 72 this August, has spent the past four decades of his life living the dream of creating self-sustaining village communities — not only in India but in 77 other countries, across 1,300 villages. The alumnus of Doon School and St Stephen’s College is the founder of Barefoot College, a …
IT seems every business has a different approach when it comes to corporate social responsibility. For some this may involve spending thousands in community programs and for others it may define their commitment to recycling scrap paper every Tuesday.
