In India, Corporate Social Responsibility (CSR) has evolved from being a regulatory requirement into a strategic tool for businesses to create measurable impact.
India’s development goals come with an enormous funding requirement. To achieve the UN Sustainable Development Goals (SDGs) by 2030, the country will need close to USD 1 trillion each year.
As per the Companies Act 2013, any company that satisfies the following criteria during any financial year must allocate at least 2% of their average net profits in pursuance of its Corporate
Experience shows that the initiative to incorporate sustainability into the fabric of the company has to be taken up by the CEO. In a study of 3000 CEOs conducted by IBM, 70% of CEOs say they are directly involved in defining their organization’s sustainability strategy. However, the effective implementation of…
The recent Companies (Accounts) Amendment Rules (2022) sheds light on the details of the CSR committee and board decisions on CSR Projects. Every company covered under the provisions of sub-section (1) of section 135 of the amendment are required to furnish a report on their CSR activities in Form CSR-2,…
There are CEOs and then there are CEOs who are more than just CEOs. As CEOs around the world find their footing in the adoption of sustainable practices, some CEOs are seen to be making tangible progress while many are left having a hard time. The differentiating factor between the…
The Ministry of Corporate Affairs has updated its corporate social responsibility requirements, which have had a substantial impact on India’s CSR environment. Monitoring and evaluation are becoming significant elements of CSR impact assessments, giving the development sector legitimacy and accountability. It is clear that the era of CSR Inspections has…
With unlisted companies significantly boosting their CSR contributions and increasingly aligning with Social topics of ESG standards, India is witnessing a transformative era in corporate social responsibility, reinforcing its essential role in sustainable business practices and community impact
Social Impact Assessment (SIA) reports play an integral role in Corporate Social Responsibility (CSR) initiatives by ensuring that resources are used effectively and transparently. These assessments provide insights into the impact of CSR activities, guide strategic planning, and ensure that funds intended for social good are used to their fullest…
In today’s world, sustainability is more than just a buzzword; it’s a necessity. Companies are increasingly judged on their ability to integrate sustainable practices into their operations, and understanding where you stand on this journey can be a game-changer. Let’s take a detailed dive into the five levels of sustainability…
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