Most corporate social responsibility initiatives are linked to business strategy Section 135 of the Companies Act 2013 requires every company having net worth of Rs 500crore or more or turnover of Rs 1000 crore or more or net profit of Rs 5 crore or more in any of the previous three financial years to spend …
We expect companies not only to turn a profit, but also to act as good corporate citizens. Lord Browne, former chairman of BP, argues that firms which don’t take corporate social responsibility seriously risk losing their reputation and their value. Also, BBC speaks to Barinder and Dilshad Hothi, husband and wife co-founders of the training …
Traditionally, the global development community has looked upon corporate social responsibility programs with a certain degree of skepticism. Too many companies, critics argue, have used their corporate donations to atone for — or distract from — harmful and unethical business practices.Corporate giving has proven an easy way to counter the claims of activist groups and …
It has been over a year since corporate social responsibility (CSR) became a legislative mandate for companies. The voluminous 294-page act necessitates companies to set up a separate board committee and allocate 2 per cent of net profits in the last three years to CSR activities. This sounds simple and empirical, but leaves plenty of …
Shift from sporadic social service to strategic CSR Read More »
Bottom Line: Many corporations reduced their investments in sustainable initiatives during the recent recession — but some relatively high performing firms actually increased their long-term commitment to CSR.The 2008–09 global recession was devastating for many businesses. Consider, for example, the Intel Corporation. In 2008, the firm lost 42 percent of its stock price and 90 …
