SLSV

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Beyond profits: Companies have a big role to play in social responsibility

Times are tough for many local businesses and they should, understandably, be expected to prioritise on generating profits for shareholders. But, focusing on profits alone and neglecting social responsibility is being short-sighted, says Jolandi Snyders, Marketing Manager at The Hope Factory.“Indeed a company does have the responsibility to ensure that the business is sustainable in …

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Case Study – IZ fashion in wheelchair

The stylish fashion brand for those in wheelchairs has become a champion for wheelchair accessibility.How much thought do you give to the process of putting on your clothes each day? Not what you’re going to wear, but the actual act of getting dressed? What about how you’re going to get into your local coffee shop …

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Leveraging the CSR mandate

The Companies Act of 2013 mandates a contribution of two per cent of post-tax profits of companies to corporate social responsibility (CSR) activities. There was much debate about the merits of this mandate, with critics seeing it as a back-door tax. While it is in a way, the fact is that a tax would go …

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India leads in Corporate Social Responsibility Reporting Rates

India along with three other nations lead the way globally in terms of reporting on corporate responsibility activities, with companies making more disclosures especially due to mandatory regulatory requirements, says a survey.The KPMG survey of Corporate Responsibility Reporting 2015 released on Wednesday said India leads corporate responsibility (CR) reporting rates in the world.

Companies Act amendments likely for clarity on CSR norms

Government is likely to make further amendments in the Companies Act along with changes in certain rules as part of its efforts to provide more clarity on Corporate Social Responsibility (CSR) provisions.A government-appointed high level panel recently submitted recommendations on CSR norms to the Corporate Affairs Ministry, which is implementing the Act.

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