The areas—lumped together as a single cause in CSR Rules—got Rs2,105 cr or 35% of all CSR spending. Companies and sectors with the largest revenues and profits accounted for the highest corporate social responsibility (CSR) spending in the second year of CSR Rules.
When it comes to Corporate Social Responsibility (CSR) spending, the region-based companies, especially those in Chandigarh and Punjab, are a little bit hesitant, as the companies give flimsy excuses for not meeting their legally mandated obligations. The reasons included lesser funds for the adoption of CSR projects. Out of the total 115 companies identified, …
Regional firms from Punjab are reluctant to spend on CSR activities Read More »
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 »
