The government has asked the country’s top 50 companies to fund incubators as part of their corporate social responsibility (CSR) spend, a move meant to strengthen the startup ecosystem. Large companies have to allocate 2% of their profits towards CSR but have competing demands – from building toilets to funding education.
Business houses operating in Indore will now be asked to participate in restoring heritage monuments of the city by shelling out funds as part of corporate social responsibility (CSR). The noble initiative is part of a comprehensive policy of restoring Indore’s heritage monuments by the authorities.
Many Philippine firms, particularly publicly listed ones, have recently started to undertake corporate social responsibility (CSR) projects, some even embedding CSR in their strategies. The reasons for these actions range from enhancing the firms’ corporate image and reputation, to solidifying long-term investors’ confidence and gaining long-term customer loyalty as the new and emerging breed …
Business is all about taking risks and making profits. So how can a startup, or any small business for that matter, be ‘social?’
Startups need to embrace corporate social responsibility to capitalise on a growing trend among consumers and make the world a better place, Zendesk VP of public policy and social impact Tiffany Apczynski says. She says that more than 90% of consumers around the world today will move to brands associated with a good cause.
