FOREIGN companies in China released 126 corporate social responsibility reports in the first 10 months of this year, up 28.6 percent from the same period of last year, according to data from China WTO Tribune. Companies now find CSR as a vital tool to enhance their reputation in the marketplace. They also consider CSR as …
The report said that companies are now going to non-headquarter locations for CSR, indicating growing equity in the distribution of projects. Nasscom Foundation on Thursday in its yet-to-be-released report, has said that a substantial number of companies have spent more than 60-70% of their corporate social responsibility (CSR) spend in education initiatives and the remaining …
Nasscom Foundation says most firms spend 70% CSR fund on education Read More »
Government should put in place a social audit mechanism for CSR activities done under the companies law, a parliamentary panel has said even as it pulled up the corporate affairs ministry for “casual” approach towards social welfare spending provisions. The recommendation has been made by the Committee on Public Undertakings, chaired by BJP member Shanta …
House panel seeks social audit mechanism for CSR activities Read More »
The reasons for not spending included companies not finding suitable implementing agency, delay in formation of CSR committee and inability to formulate a well conceived CSR policy. Government has issued show cause notices to 496 companies for not complying with CSR norms while about 4,195 companies have not spent a single penny on corporate social …
CSR: 4,195 cos spend nothing; show cause notices to 496 firms Read More »
Mysuru’s Deputy Commissioner D. Randeep has asked those companies and corporate houses having an annual turnover of Rs. 1,000 crore and above to use a portion of their net profit towards corporate social responsibility (CSR) initiatives. Speaking to The Hindu, Mr. Randeep expressed concern that some companies — having an annual turnover of Rs. 1,000 …
