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Corporate Social Responsibility – An overview

The year of 2000 is of high significance in the history of Corporate Social Responsibility (CSR)practices in the globe when Mr. Kofi Annan, the United Secretary General, launched the UN Global Compact (UNGC), the first CSR initiative at international level. UNGC is the embodiment of ten principles concerning Human Rights, Labour, Environment and Anti Corruption. …

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Companies Law Committee calls for increase in portion of CSR expenditure

Most sector experts say CLC’s recommendations on corporate social responsibly are welcome as they provide clarity    An increase in the portion of expenditure on corporate social responsibility (CSR) that companies can set aside for ‘overheads’, a five-year time frame for reviewing implementation by them and defining net profit for calculating CSR were among the …

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Corporate responsibility has to go beyond marketing

To be effective and credible, I really believe that corporate and social responsibility must be part of a business and not an add-on. Every company has its own mission, to do business, and that must be done by respecting human rights and the environment. This is only possible if a company really understands what this …

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Gujarat firms high on CSR spending

Companies based in Gujarat are quite conscious of their corporate social responsibility (CSR). Nearly 56% of the state’s companies have spent 2% or more of their net profits on CSR activities in fiscal 2015. As per data provided by the CRISIL Foundation, as many as 95 companies in Gujarat reported expenditures on CSR in their …

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