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‘CSR law will reduce trust deficit between corporates, NGOs’

With companies that fall under the ambit of the new guidelines of Corporate Social Responsibility (CSR) likely to report about their activities from this month, the trust deficit between them and NGOs is likely to reduce, a senior functionary in this field said. “Over the years, a fairly large trust deficit has developed between NGOs …

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Sensex firms miss Corporate Social Responsibility threshold by 30%; only 7 firms comply

In a disappointing start to the much-touted CSR regime, a vast majority of the country’s top blue-chip companies have failed to spend the minimum 2 per cent of profits on social responsibility activities in the first year by missing the target by one-third on an average. Collectively, the 30 Sensex companies are estimated to have …

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Doing Good Is Good Business, But Can You Prove It?

Practicing corporate social responsibility makes companies look good and helps their leaders and employees feel like good corporate citizens, too. But does it offer tangible benefits to a company’s bottom line? That debate that has raged for years, although the voices of skeptics are increasingly being drowned out by the solid data that keeps rolling …

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Canon India shows the way with its CSR programme

For the last three years now, Canon India has been making steady progress with its ‘Adopt a village’ CSR initiative. Starting in 2012, the initiative has seen the Japanese company adopt three villages from across the country so far.“We plan to adopt another village close to Kolkata and take the total number of villages adopted …

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CSR: industries agree to chip in for development

Corporate Social Responsibility (CSR) is set to get a leg-up in the Mysuru and Nanjangud district of Karnataka with local industries agreeing to be partners in development.Medical equipment worth Rs.10 lakh to taluk general hospitals, drinking water purification units, development of 10 anganwadis in the district as a model, adoption and comprehensive development of a …

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