Reliance Industries, Infosys and TCS emerge as the top three CSR spenders, volume – wise with Reliance Industries spending almost 42% more than the prescribed while TCS missing the target by one – fourth of the amount. * Among the companies in the analysis.
VIP Industries emerges as the best performer by spending more than the double of prescribed CSR spend, followed by Tech Mahindra Ltd and UPL Ltd.
An analysis of CSR reports of BSE- listed 100 companies presents that 27% companies have spent more than prescribed CSR spend and 64% companies have spent less than the prescribed CSR.
I have been critical of the popular notion of “true costing” (which tries to fully account for the impact of companies’ social and environmental costs) because it is too complex and expensive to practise, not “incentive-compatible” (i.e. no one wants to do it, except environmentalists) and ineffective in raising money for social and environmental …
There are several sectors in India, like education or health, where government intervention alone is not enough and hence CSR must be encouraged. The philosophy of philanthropy might be an old one in Indian society, but in the modern world, the concept has taken on several hues. Many companies today run social endeavours called Corporate …
