Majority of corporates expect to spend more on social welfare activities in the next financial year as CSR increasingly becomes part of strategic decision making process, says a survey. However, the survey by industry body Ficci also revealed that companies find lack of clarity on laws and tax related regulations along with some other factors …
Most companies see higher CSR spending next fiscal, says survey Read More »
It’s been said so often over the past several years, that it’s starting to feel cliché. But I’ll say it again. “The world of corporate social responsibility (CSR) is changing.” We often look at how this is happening, but today let’s start by looking at why.
Corporate Social Responsibility (CSR) evolved from philanthropy. One of its present definitions describes it as the concept of voluntarily integrating social and environmental concerns into business operations, but this is not to say that CSR is philanthropy.
Kolkata: Swanky bus shelters and roadside toilets, financed by corporate houses as part of their social responsibility, are often passed off by politicians as their “work for the people”. As money and projects take political colours, the term, ‘corporate social responsibility (CSR)’, translates into ‘corporate political responsibility (CPR)’.
Businesses are increasingly using Corporate Social Responsibility (CSR) initiatives to create positive brands and appeal to socially conscious consumers. Well-designed CSR programs that focus on sustainable development – as defined by the United Nation’s (UN) Sustainable Development Goals (SDGs) – are powerful and essential tools for increasing standards of living around the world.
