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Corporate CSR Ethics

CSR – Need For Its Tactical Deployment

As CSR provisions in the new companies Act are put to implementation on ground, debate on where and how CSR money should be spent seems to be gathering momentum. When the CSR provisions in the new act were conceived, it was estimated that quantum of CSR money would stand close to Rs 20,000 crores...

Are We Dumping Our Future?

India generates more than 50 billion kgs of urban waste every year and most of this ends up in illegal dump yards all around the country. Organic waste accounts close to 40% of this urban waste. The perceived value of organic waste is 0 or even negative. There is a still an unexplored opportunity...

Retrospecting CSR in 2016

As we come to the end of another year with mixed feelings, there are various ways in which one bids adieu. Let us retrospect 2016 in the CSR sphere. The highs and lows, the anticipations, expectations from all stakeholders, aligning core business values and activities in a sustainable manner and much more. FY 2015-16 is...

Collective Giving This Christmas by Crucial Stakeholders

Neatly wrapped presents, sparkly decorations, melodious carols and a long list of party invitations – all point to the start of the holiday season. The enthusiasm of the season is around every corner, and the holiday spirit brings a twinkle to everyone’s eye. Every year, the religious zeal and merriment of Christmas brings along fun and hearty...

Walking the Talk: the Gap Between Intention and Action

The central premise of Section 135 of the Companies Act has been to link profits to welfare, leading to betterment of society as a whole. With the advent of this section, the creators of wealth and generators of profit were forced to acknowledge philanthropy beyond personal charitable giving. Philanthropy and the development sector suddenly became...

Corp Affairs Ministry to Hold Sensitisation Workshops on CSR Norms

To ensure better compliance, the Corporate Affairs Ministry plans to conduct workshops for officials and other stakeholders to sensitise them about social welfare spending norms under the companies law. The move comes against the backdrop of instances of discrepancies in data and lapses being noticed by the Ministry with regard to compliance with CSR rules...

Centre May Rope In Banks To Boost Forest Cover

All banking institutions in India may soon chip in to increase India's forest cover in a coordinated manner. If the environment ministry has its way, all banks will be asked to join the central and the state governments in their ongoing efforts of afforestation. The move will be part of one of the 10 ways,...

Is India Inc Aligned or Far Behind Environmentally? : Report

Over 80% of the companies responding to CDP India (Carbon Disclosure Project India) have voluntarily set up emission reduction targets, a trend observed in line with their global peers that have begun the transition to a low-carbon economy and some are already capitalizing on the opportunities this affords. A fair number of companies also...

Business For Good Is Good For Business And For The Society

The “Business for Good” model proposes that a company can create social impact and also generate profits for its shareholders. This model has the potential to tackle global and local social issues using business rather than the traditional corporate philanthropy. The focus is on creating ‘shared value’, which translates to judiciously blending profits with societal...

Are Corporate Firms Taking The Easy Way By Contributing CSR Money To Schemes Like PMNRF?

Recent analysis on the Corporate Social Responsibility (CSR) spending of companies has turned many eyes to a figure that suddenly popped up four times. Contributions towards Schedule VII (IX) of Companies Act 2013 that includes Prime Minister’s National Relief Fund (PMNRF) saw the highest increase in 2015-16 as compared to the previous year according...

“Two Percent Is The Cheapest Way To Wash Your Sins”

Questioning the social responsibility of companies beyond mere spending of funds, a report by Corporate Responsibility Watch (CRW) analysed different factors of responsibility. The report titled ‘CSR in India, 2016’ tried to explore responsible practices in core business areas examining factors like diversity in workforce, anti-sexual harassment policies, consumer issues and opportunities for people...

A ‘Nudge’ in the Swachh Direction

The Swachh Bharat Abhiyan is probably the most talked about Government Initiative in recent years. The plan, as stated by Prime Minister Narendra Modi, is to build 12 crore toilets and eradicate open defecation by 2019, a year marking the 150th birth anniversary of Mahatma Gandhi. The reason this plan is so significant is the...
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