CSR committees at some of the top 100 firms, including TCS, HUL and Maruti Suzuki, met only once. The new companies law of 2013 took corporate social responsibility (CSR) from being a goodwill initiative to a boardroom staple, requiring firms to have a policy and strategy shaped by a CSR committee.Yet, according to a KPMG …
With an aim to further improve India’s ‘ease of doing business’ ranking, Corporate Affairs Ministry is gearing up for more changes in 2016 to the voluminous Companies Act and bring in further clarity on the CSR spending norms.Despite a number of changes this year to the Companies Act, 2013, which itself has replaced over 60-year-old …
More changes to companies law, clearer CSR norms likely in 2016 Read More »
Over 1,000 BSE-listed companies together shelled out Rs 6,400 crore towards CSR activities last fiscal, with funds going to education, health and other areas, says a report.The findings are based on an analysis of disclosures made by 1,181 BSE-listed companies, done by CII-ITC Centre of Excellence for Sustainable Development. These firms were required to comply …
BSE-listed companies spent Rs 6,400 crore on CSR in fiscal year 2015: Report Read More »
The year 2015 was a pivotal time when humanity turned more decisively toward building a thriving and sustainable world. On our largest shared challenge, climate change, most of the major hurdles to action — both imagined and real – started to crumble. And an unlikely group of new voices joined the fight. From the Pope …
10 Sustainable Business Stories that shaped 2015 Read More »
Business leaders who engage in CSR activities to boost their personal reputation and advance their personal career may hurt the bottom line, according to a study in Journal of Management A new study has identified three common factors that ensure corporate social responsibility (CSR) adds to a company’s bottom line. CSR has become a strategic …
