Although more businesses are seriously engaging with corporate social responsibility (CSR), the public is becoming more skeptical of their efforts. In a recent survey, 52% of consumers said they need to see proof of a company’s CSR initiatives in order to believe them. Why is this happening? Unfortunately, it’s largely a case of a …
How Companies Can Combat Public Skepticism of CSR Read More »
In line with the Year of the Giving, the Mohammed bin Rashid Al Maktoum Foundation (MBRF) has launched a “bundle of training programmes” on Wednesday to help public and private organisations in the UAE identify and implement the international best practices in corporate social responsibility (CSR). Called Qindeel (Arabic word for light) Educational Programmes, the …
Under the Companies Act, 2013, a certain class of profitable companies are required to spend at least 2 per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) works in a fiscal. As many as 12,431 companies together shelled out more than Rs 18,625 crore towards social welfare activities in the …
Companies spend over Rs 18,600 cr towards CSR in 2 years Read More »
Corporate social responsibility and sustainability are two concepts that have become increasingly popular in recent years. Activists, politicians, and business leaders use them, and corporate and government actions are partly judged according to them. But what exactly do these concepts mean? Are they compatible with efficient management in a free society? To what extent are …
How the terms ‘corporate social responsibility’ and ‘sustainability’ were twisted Read More »
Is this the impact of CSR law in India? Time will tell. Banks and financial institutions will have to spend almost half a billion rupees a year on works that would benefit the society they are operating in, as the banking sector regulator has made it mandatory for these institutions to use 1 percent …
Nepal BFIs told to spend 1 percent of profit on CSR activities Read More »
