Business Ethics & Philanthropy

Every scientist in the country is obliged to devote at least 10 days per year to 'scientific social responsibility,' and such voluntary individual activities, in addition to routine work, will be accorded due weightage in their yearly performance evaluation. SSR Guidelines This clause is part of the science ministry's SSR guidelines, which were released in the...

Infrastructure development is essential to global development. Considering the fact that construction industry plays a huge role in this, it is important to ensure that the sector flourishes well. However, it becomes a conflict of interest with environment sustainability when it is pointed out that Cement, as one of the most frequently used construction...

Modern enterprises are actively involved in CSR as companies now believe they are equally responsible and genuinely interested in improving the state of their community and stakeholders. The COVID-19 pandemic prompted profit-oriented organizations to wake up to the gruesome reality of the healthcare infrastructure and compelled them to contribute in whichever way possible to improve the...

Corporate social responsibility with the mantra of ‘do good business by doing good’ became popular in the second half of the last century. The roots of which date back to pre industrial revolution where worker wellbeing, and community welfare were considered as factors influencing productivity. Today, there are generally four categories in supporting NGOs and...

According to a recent report published by the American Accounting Association, companies who take corporate social responsibility (CSR) seriously have an advantage when it comes to producing breakthrough technologies. Given the importance of innovation to long-term prosperity, the study lends credence to the notion that businesses might prosper by doing good. "CSR has been a...

According to a new study, only 29 of the top 50 private enterprises in the country have a time-bound aim to become carbon-neutral as part of the United Nations Sustainable Development Goals (SDG). Only 14 of the top 50 firms have recorded their successes under all 17 sustainable development goals (SDGs) issued by the...

Tata Memorial Hospital in Mumbai is a destination for cancer patients from all around the country. These patients, however, are forced to live on the street due to a lack of adequate living options. The patients are already at the end of their wits for bearing the burden of a deadly disease such as...

The COVID-19 pandemic had a significant impact on the education systems across the globe. In India, taking cognizance of the damage caused to it, as many as 70% of Indian companies have expressed an intent to increase CSR spending towards education and skilling in the next financial year according to a new survey by...

The airline business has suffered a loss in the last few years, even before the COVID-19 pandemic hit the world and caused further damage. Amid this, most airlines across the world were suffering from losses. However, this did not deter many airlines to step forward and aid the fight against the pandemic through CSR....

Construction companies play a major role in the socio-economic development of India, through employment generation and infrastructure development. In addition to this, they contribute toward social welfare and community development through their Corporate Social Responsibility (CSR) Initiatives. Let us look at three construction companies in the country that take CSR seriously. Larsen and Toubro Limited Larsen...

The Shipping Companies in India contribute a significant proportion to the GDP and increase in foreign reserves. Its involvement with foreign trade allows the leaders of these companies to visit many developed and developing countries and learn about the best practices being adopted to solve various social development issues. This places them at a...

The Indian government has done the heavy lifting when it comes to social sector spending in the last financial year, according to the Indian Philanthropy Report published by global consultant company Bain & Company and strategic philanthropy foundation Dasra. Social Sector Spending by the Government The entire expenditure in India's social sector increased by 20 per...