Business Ethics & Philanthropy

Corporate Social Responsibility (CSR) is fast becoming a focal point of concern within the corporate world. While recognized for the benefits it offers an organization, it is also an invaluable system of giving back to the community or of paying it forward. Not limited merely to giving away charity, companies are now increasingly investing...

A new year, a new decade. In 2020, involved consumers are focused on reaching their personal, health, and professional goals. Similarly, while they do so, more and more of them are aligning with companies or brands that prioritize corporate social responsibility (CSR). As your business does some first-of-the-year reflecting, it’s important to ensure that its...

The year 2019 saw startling changes and additions to CSR law in India. Parliament passed amendments to the Companies Act to strengthen laws governing corporate social responsibility (CSR). There was drama over whether the govt. will impose imprisonment for non-compliance. The penal provision was done away with eventually. While Corporate India was thrilled about this,...

The Companies Act 2013 mandates the corporate houses to spend 2% of their net profits on CSR. It has now been over six years since the law has been implemented. However, there is a lack of clarity as to what qualifies as CSR in India among the corporates as well as people in general. Dr...

The functionality of terraces in corporate buildings corresponds to the usage-efficiency of available real-estate space. In Mumbai for example, the issue of low degree of accessibility to building-terraces by the disallowance of lifts to the topmost floors was reconsidered and relaxed by the regional municipal corporation only in 2017. If realized earlier, the ever-growing...

A new study by San Francisco State University Assistant Professor of Management Nara Jeong suggests that CEOs look to the White House in the USA for leadership on social responsibility—but not the way you might expect. It turns out that corporate leaders are less likely to act on their values when they're in agreement...

Aluminium is one of the most abundantly used metals. It is widely used in various sectors including transportation, consumer goods to power lines. It is also an important component in various electronic devices such as smartphones, tablets, laptops, and TVs. This is why it is always in high demand. Thus, it is imperative to...

Rajasthan, Gujarat and Haryana governments set up their respective CSR advisory boards in 2019. Not to be left behind, Andhra Pradesh ended the year with an announcement on the same lines. On December 31, the State government created Connect to Andhra, a non-profit society—by subsuming Smart Andhra Pradesh Foundation—to streamline the mobilisation and utilisation...

Corporate Social Responsibility (CSR) has become an important buzz word in the business world. The practice of CSR has evolved and matured over time. CSR now includes strategic philanthropy, employee volunteerism, cause marketing, disaster response, peer-to-peer fundraising, non-profit board service, and even incorporating social responsibility into core business practices and offerings. 2019 was an action-packed...

Much of a country’s progress is held back because of ignorance about various issues among the populations. In order to bring a real change, there is a need for changing the mindsets of people. This needs to be done by making people aware of alternative options, educating them on the benefits of adopting them...

2019 was a big year for Corporate Social Responsibility in India. Corporate India breathed a sigh of relief when the high-level committee on CSR recommended doing away with the penal provision of imprisonment for non-compliance with CSR norms. This had followed the recent amendments to the Companies Act 2013 treating CSR non-compliance as a...

Tata Chemicals Ltd. has been ranked as the number one company third year in a row for Sustainability & CSR practice in Responsible Business Ranking 2019, a study conducted by Futurescape. It tops the list of top Indian companies for CSR in 2019. The study follows the environment, social and governance (ESG) framework to examine...