More money is flowing into charity, thanks to rising social awareness and a law that makes it mandatory for firms to set aside more for philanthropy. There was a time when successful Indian companies spent a substantial amount of time strategising on new products, markets and profits, but the ‘giving’ part of the enterprise was …
Business Organisation exists and thrives within the society. The workers and consumers which constitute the society enable the business to earn profits and sustain it. In the process of its existence and operation, a business organisation, irrespective of its size or nature of business, adversely affects the environment directly or indirectly. Thus, it is essential …
Corporate Social Responsibility: Present Trend and Benefits Read More »
Companies that are most successful in turning CSR into a business advantage do these three things well. For leading companies, corporate social responsibility has moved from the cubicle to the boardroom. While CSR once referred to philanthropy and volunteering that merely complemented the business, smart companies recognize that CSR can power their core strategies for …
What smart businesses know about corporate social responsibility Read More »
CSR committees at some of the top 100 firms, including TCS, HUL and Maruti Suzuki, met only once. The new companies law of 2013 took corporate social responsibility (CSR) from being a goodwill initiative to a boardroom staple, requiring firms to have a policy and strategy shaped by a CSR committee.Yet, according to a KPMG …
Sustainability is becoming increasingly important as the nation develops a diversified economy, adaptable to changing circumstances.The UAE has highlighted several short-term and long-term sustainability goals by developing national frameworks and guidelines for public and private institutions aimed at encouraging better environmental and sustainability performance. Proactive participation by the Government has allowed for a growing awareness …
