SLSV

More changes to companies law, clearer CSR norms likely in 2016

With an aim to further improve India’s ‘ease of doing business’ ranking, Corporate Affairs Ministry is gearing up for more changes in 2016 to the voluminous Companies Act and bring in further clarity on the CSR spending norms.Despite a number of changes this year to the Companies Act, 2013, which itself has replaced over 60-year-old …

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BSE-listed companies spent Rs 6,400 crore on CSR in fiscal year 2015: Report

Over 1,000 BSE-listed companies together shelled out Rs 6,400 crore towards CSR activities last fiscal, with funds going to education, health and other areas, says a report.The findings are based on an analysis of disclosures made by 1,181 BSE-listed companies, done by CII-ITC Centre of Excellence for Sustainable Development. These firms were required to comply …

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10 Sustainable Business Stories that shaped 2015

The year 2015 was a pivotal time when humanity turned more decisively toward building a thriving and sustainable world. On our largest shared challenge, climate change, most of the major hurdles to action — both imagined and real – started to crumble. And an unlikely group of new voices joined the fight. From the Pope …

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CSR can add to a company’s bottom line: Report

Business leaders who engage in CSR activities to boost their personal reputation and advance their personal career may hurt the bottom line, according to a study in Journal of Management A new study has identified three common factors that ensure corporate social responsibility (CSR) adds to a company’s bottom line. CSR has become a strategic …

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Kering opts for interactive environmental Profit & Loss statement – CSR case study

French luxury conglomerate Kering is helping the world visualize its environmental impact with an interactive environmental profit and loss statement.Kering’s results page on the conglomerate’s Web site contains a grid depicting the various steps in production and environmental categories in which it could make an impact, with each square containing a circle in relation to …

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