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Corporate CSR Ethics

Corporate CSR Ethics

Home CATEGORIES Corporate CSR Ethics

Don’t Camouflage Spending On CSR, Says Arun Jaitley

Union finance minister Arun Jaitley has called for strict discipline and an arm's-length between corporate proposals and spending on corporate social responsibility (CSR) to ensure that companies are not supporting "their own proposals" from this sphere. Delivering the keynote address at an award function at the HCL office in Noida's Sector 126 on Tuesday, Jaitley said the idea of CSR...

Strengthening The Development Ecosystem To Maximise Social Impact

Three years since the Companies Act, which enabled essential reforms in governance, transparency and accountability – the landscape of Indian development sector is changing. Many corporate organisations falling under the ambit of the CSR law have taken the necessary steps to adhere to the guidelines. The potential investment in CSR from Indian Inc annually...

Top 100 Listed Companies Increase Their CSR Spend By 25 Per Cent: IiAS

More companies are now spending more in corporate social responsibility (CSR) and top 100 listed companies have seen a jump of about 25% in their spending in last year, according to a research by IiAS. Overall spends of S&P BSE 100 companies increased 25% to Rs.65.5bn, or 1.7% of their three-year average profits. The largest...

‘Companies Still Consider CSR Spending A Burden’

The National CSR conclave was recently inaugurated in Ahmedabad. During the function experts called for companies to focus on the social outcomes of their respective CSR (Corporate Social Responsibility) initiatives. Expert stakeholders were of the opinion that most companies still consider the mandatory 2% CSR spending to be a burden and therefore, their focus...

CSR violations: Govt serves show-cause notices to 1,018 cos

The government today said show- cause notices have been issued to 1,018 firms for violating CSR norms under the companies law. A Certain class of profitable companies have to shell out at least 2 per cent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities under the Companies Act, 2013. In case...

Skills, Not Sex Is The Determinant Of Success

The need and importance of mainstreaming gender across sectors cannot be emphasised enough. Somewhere between modernisation in India and United Nation’s goal of having 50% women in the changing world of work, figures of Indian female labour force participation (FLFP) is set in a miserable picture. According to a report, compiled jointly by Assocham and...

Let the Evidence Speak for Itself

The good news is - most companies are fulfilling their social responsibility. The question remains – is that really what communities need? According to research, people feel that corporate social responsibility is not effective and failing in some cases. For instance, only 13% people trust what they read in a corporate firm’s CSR or sustainability...

Odisha Proposes To Set Up CSR Council

The Odisha government has proposed to set up a Corporate Social Responsibility (CSR) Council to bridge the gaps in allocation of CSR funds to priority sectors, an official said. The government proposed to set up the council after it found disparity in fund allocation to districts. The formation of a CSR council would help in effective planning and implementation of CSR...

CSR Compliance Among Top 100 Listed Companies Improved: KPMG survey

Top 100 listed Indian companies have managed to improve their corporate social responsibility (CSR) compliance, according to a KPMG survey. As per the Companies Act, every company with a net worth of Rs 500 crore or a turnover of Rs 1,000 crore or a net profit of Rs 5 crore is required to spend about...

‘Spend Your CSR funds Properly’ – Parliamentary Standing Committee to IRCTC

The Parliamentary Standing Committee rapped Indian Railway Tourism and Catering Corporation Ltd. (IRCTC), a Public Sector Undertaking (PSU) under the Ministry of Railways over usage of its CSR funds. The standing committee noted that the CSR policy as approved by IRCTC board was not in conformity to the CSR Guidelines issued by the DPE. The...

Adopt Arm’s Length Approach For CSR: Arun Jaitley To India Inc

Finance Minister Arun Jaitley on Tuesday asked corporates to adopt arm’s length approach while taking up CSR activities and not pursue proposals to subserve their own ends. “I must say that in last 2-3 years it (CSR spending) has begun well. It has begun well because in the very initial years in the government we...

Most Companies Becoming Socially More Responsible: Report

NEW DELHI: Most of the top listed companies are becoming more responsible but there is room for large entities to play a more substantial leadership role in ensuring that economic growth is accompanied by social progress, says a report. The conclusions are based on an index developed by non- profit group Oxfam India along with...
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