The statutory corporate social responsibility (CSR) norms introduced two years ago were expected to revolutionise funding of social causes, but some sections of India Inc may now be abusing these for laundering of black money, according to sources privy to such transactions.Some companies are using onhire charitable trusts to fabricate CSR spending, at least two …
Indian companies are laundering their CSR spends Read More »
The lack of effective punishment for companies that fail to meet the 2% CSR requirement is the most notable lacuna in the Indian Companies Act of 2013. At the same time, mandatory CSR is not a replacement for state social spending, which is a key ingredient for the success of developing nations. In India, the …
Any successful CSR program produces positive returns to employees. We’ve all seen research showing how a company’s sustainability program creates a more satisfied and committed workforce. We intuitively understand how this happens: If you feel engaged in your company’s mission, you’re probably happy to work hard on its behalf. This is true for a growing …
The ROI of CSR – How one company generated $600 million return Read More »
In the business world, there are clear signs that large corporations and social impact organizations are developing new types of strategic relationships that challenge the traditional concept of corporate social responsibility. These social impact partnerships, which focus on the bottom line, face pushback and skepticism because they challenge long-held perceptions that a corporation’s relationship with …
For Big Impact, You Need These Unlikely Business Allies Read More »
A new series of VR films is changing the way the organization raises awareness and funds. Though there’s still much to be learned about the power and potential of virtual reality—from the release date of upcoming VR headsets to how this nascent technology will shape entertainment, education, and social interaction—filmmaker Chris Milk has already arrived …
