More than half of Nifty companies spent less than what the law mandates them to towards corporate social responsibility (CSR) in FY16, data compiled by FE reveals. The study reveals that while 25 of the 47 Nifty constituents that were required to spend towards CSR in FY16 spent less than the prescribed 2% of their …
Over half of Nifty companies failed to meet CSR limits Read More »
The feedback on CSR is not inspiring. Since each industry has a distinct social impact, industry-specific CSR projects will help. It is disappointing to learn that Indian companies are not serious about CSR despite the mandate being stipulated in Section 135 of the Companies Act, 2013.
In 2014, India became the first country in the world to mandate Corporate Social Responsibility (CSR) rules for its companies, both public and private. According to these rules, companies with a net worth of Rs.500 crore or revenue of Rs.1,000 crore or net profit of Rs.5 crore are required to spend 2% of the …
Creating shared value will help private sector to foster inclusive growth Read More »
Corporate social responsibility used to be a bolt-on afterthought for many companies. Firms would budget some leftover funding for charity, make some end-of-year donations or schedule volunteer time for their employees and check the corporate social responsibility box.
The term whitewashing is defined as “a coordinated attempt to hide unpleasant facts, especially in a political context.” It’s easy to see the relationship between it and another less familiar term, greenwashing.
