Are Corporate Social Responsibility funds realizing and achieving sustainable social change to benefit the underserved? The answers are mixed. By definition, a budget is made within constraints posed by revenues. But it can create a framework that encourages others to step in where the exchequer can’t.
There are two fundamental business cases for CSR: an intrinsic one and an extrinsic one. The intrinsic one involves the pursuit of sustainability for its own sake; the extrinsic one involves the pursuit of sustainability for financial gain – a means to an end. Either way, the embrace of sustainability gets us to the same …
New Evidence Bolsters Claims of Connectivity Between CSR and Market Caps Read More »
The reporting of corporate social responsibility (CSR) spending is growing faster in India than anywhere else in the world. After the new Companies Act made it mandatory for companies with a net worth of Rs 500 crore or with annual turnover of Rs 1,000 crore to spend under CSR, India’s total CSR reporting increased by …
India leads in CSR spending, IT firms contribute 13% Read More »
To promote higher education, Arun Jaitley said the government will set up a Higher Education Financing Agency with an initial capital base of Rs1,000 crore Taking a cue from the Union budget 2016-17, companies are likely to spend their corporate social responsibility (CSR) funds on higher education, skill development and job creation in the next …
Education and skill development may attract more CSR funds Read More »
The decision to give to charity or develop a more sustainable product should not depend solely on a corporation’s bottom line, but it is certainly a factor. That can complicate the situation for managers who must balance between doing good and keeping shareholders happy, said Sachin Modi, an associate professor in Iowa State University’s College …
Marketing key to return on corporate social responsibility investment Read More »
