Corporate Ethics

Oxfam’s ‘Public good or private wealth?’ report says that the human cost of inequality is devastating and today – a) 262 million children will not be allowed to go to school b) Almost 10,000 people will die because they cannot access healthcare c) 4 billion hours of unpaid care work will be done, the majority by women...

India became the first country to mandate CSR spending by the corporates with the enforcement of new Companies Act in 2014. The legislation asks the corporates to rearrange their business models which would contribute in the national development. After the passing of this act, the CSR spending has been increasing every year. In fact,...

There has been a radical expansion in the role of the private sector in the social and environmental development sectors. The private sector is moving well ahead of governments on key issues such as carbon emissions, gender parity, green supply chains and diversity and inclusion. Organisations across the world are taking action and developing CSR...

Technological development is advancing at a rapid pace. Along with it, the unresolved problems ranging from data privacy abuse to fake news misinformation, mental health concerns to AI-induced job losses, are also on the rise. This is why ethics in tech is expected to remain a massive global topic in 2019. Technology has infiltrated every...

Club Mahindra launched an annual initiative - Mission S.M.I.L.E.S. (Social Movement to Improve Life Experiences) under its Employee Social Options Program (ESOP). As part of this all Club Mahindra employees pledged to cumulatively devote 5000 hours annually in Corporate Social Responsibility initiatives focusing on education, health and environment. To begin with, 180 employees and Club...

The past year has seen much of the global business community doing damage control, and tech titans—untouchable as they may seem—have not been immune to the reputation crisis. While Apple and Facebook, still reeling in the wake of a string of scandals, have seen their brands tarnished, Google appears to have stayed above the...

It is not so difficult to install business ethics when the business is flourishing. It gets difficult to hold on to ethics when the business is facing a downfall. It is during times like these when companies take reckless decisions. The hard time in business causes executives to become insecure making them hold off...

By Rajeev Nair (Principal Associate) & Nishant Sogani (Associate), Rajani Associates Corporate Social Responsibility in India is governed by the Companies Act, 2013 (Act) under Section 135 which mandates every company having (i) net worth of INR 500 crore or more, or (ii) turnover of INR 1,000 crore or more, or (iii) a net profit of INR 5...

According to the International Labour Organisation, about 24.9 million people are victims of forced labour. Of them, 16 million are employed by the private sector. The large scale of exploitation has prompted governments across the world to introduce legislation that will bring more transparency in the supply chains of big companies. Greater public disclosure of...

As SBTs (Science Based Targets) become the new norm for corporate sustainability, embracing of renewables and integration of energy efficiency is spurring new innovations, even as carbon pricing is being adopted as a mechanism to hedge future climate risk. Vendor selection based on climate mitigation actions IndusInd Bank prefers vendors that demonstrate some climate change mitigation...

India is among the largest consumers of tea in the world. It represents 19% of the global tea market. Tea is part of every social gathering in the country. However, the price we pay to have that tea is often overlooked by many. Assam is the tea-growing state of India. The tea industry is mostly...

Huawei India R&D Centre is the first overseas software development center of Huawei, a global information and communications technology (ICT) solutions provider. Established in the year 1999 in Bengaluru, the India R&D center formally known as Huawei Technologies India, spent a total of 1.43 crore rupees on corporate social responsibility in 2017-18. Here's a...