The Comptroller and Auditor General (CAG) has pulled up the Odisha Mining Corporation (OMC) for spending less than 10% of its Corporate Social Responsibility (CSR) funds to develop mining areas while spending more in non-mining sectors. Between 2010 and 2014, the annual spend ranged from 2-9% of the CSR funds CAG pointed out in …
CAG hauls up state mining corporation over CSR spend Read More »
Power Finance, National Mineral Development Corporation, Tata Steel, NTPC and Reliance spent more than their prescribed CSR budgets in FY 2015/16, according to the India CSR Outlook Report (ICOR). In FY 2014/2015, only Reliance Industries had spent more than its prescribed CSR budget, among the top 10 performers. The report, published by NGOBOX, analysed the …
Giving back to the community or a cause your employees are passionate about can be an invaluable part of your company’s culture — instilling a sense of purpose and bonding your team together. But because building a healthy sustainable business is a full-time job in itself, incorporating social good in on top of that …
How to Run a Socially Responsible Business That’s Not Phony Read More »
Companies like SAP, Tata Motors and Bajaj Electricals are investing in startups through government-affiliated incubators as a part of their mandatory corporate social responsibility (CSR) spending. Nearly a dozen companies have shown interest in spending CSR money in incubators at the IITs and IIMs to nurture student startups that can disrupt traditional business models or …
India Inc putting CSR money in startup incubators Read More »
International property group Goodman has a firm focus on CSR – so much so that it has its own arm, the Goodman Foundation, to work on community development and charitable causes. This drive extends throughout the organisation using two initiatives – Good+Heart and Good+Deeds – to encourage employee engagement in CSR.
