Shareholders are interested not only in the single bottom line figure of profit in their books of accounts because they recognize that profits are organically linked to communities and environments “The responsibility of business is to increase its profits,” was the title of a New York Times article by Nobel laureate, economist, and the evangelical …
How CSR can contribute to profit, people and planet Read More »
Some financial institutions, banks in particular, have turned to corporate social responsibility to give back, develop credibility, and regain consumer trust and confidence that waned in the wake of the U.S. financial downturn. Since 2008, Americans have lost confidence in banks at an alarming rate. According to yearly Gallup polls, just 22% of Americans had …
Civil society—the NGO sector—bridges the gulf between citizens and government. When governments treat this bridge with hostility, it is the citizen who is distanced and whose interests have no interlocutor. July 2015 brought civil society funding into the limelight. Azim Premji gave away almost half his stake in Wipro to his charitable foundation, which supports …
Constantly evolving rules and anomalies over tax treatment have constrained corporate programmes in the first year that the government’s CSR mandate has been in force On the face of it, Maneka Gandhi’s admonition to big business at an Assocham meeting earlier this month that it was “non-serious” about corporate social responsibility (CSR) is valid. By …
Attitudes among business leaders about the relationship between business and social change are shifting. On the one hand, executives understand that their businesses have an important role to play in solving social problems. On the other hand, the value of corporate social responsibility isn’t clear and many believe a new approach that delivers more return …
How some companies are trying to get more ROI from CSR Read More »
