For a young and growing business it may not be high up on the agenda, but Office Space in Town explains why SME corporate social responsibility makes sense. This month, I have been thinking about Office Space in Town’s continued growth and expansion – the increasing numbers of employees we hire, the wide array of …
WorldView: What SME corporate social responsibility looks like Read More »
India’s top consultants, Crisil, in its latest “CSR Yearbook”, have said that Indian companies’ attitude towards corporate social responsibility (CSR) “seems to be changing ever so slowly” even though they are “realising that businesses can sustain and thrive only if the communities they serve also endure and flourish.” Noting that in fiscal 2016, India Inc …
Does hearing about a company’s charitable donations raise your opinion of their products? According to a new study in the Journal of Consumer Research, corporate social responsibility leads consumers to believe products are better quality.
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.
