Business Ethics & Philanthropy
Greenwashing: CocaCola, Unilever, KLM Accused of Practicing it
According to recent studies, well-known companies like Coca-Cola and Unilever are misleading consumers by using "greenwashing." According to The Changing Markets Foundation (CMF), in recent years, the number of goods with sustainable or green labels has grown dramatically, and many well-known firms have engaged in greenwashing. However, even as companies tout their efforts to...
IIT Bombay’s Annual CSR Conclave ‘Tech for Sustainable Development’ 2022, a huge success with participation from India’s top corporates
'Tech for Sustainable Development’, IIT Bombay's Annual Corporate Social Responsibility Conclave 2022 was held at Victor Menezes Convention Centre at the Institute's campus on July 6, 2022. A large number of India’s biggest corporates attended the conclave. The Institute demonstrated its forays into the variety of research work that can be supported through CSR...
Saving money through premiums? Learn how!
When consumers consider purchasing whole life insurance, the cost is often a big impediment. However, as more firms enter the life insurance industry, most service providers have begun pricing their products competitively.
A life insurance plan premium is a payment made to the insurance company by the policyholder in return for the protection of their...
ICICI Prudential Life Insurance ESG Report: Positive Contributions Made in 14 SDGs
ICICI Prudential Life Insurance is committed to integrating sustainability with their business processes and as a way of doing business. In this context, they adopted the ESG framework in 2020 and their ESG initiatives are monitored at the highest level by the Sustainability Steering Committee comprising members of the Management Committee. The company believes...
Eco-friendly Brands in India on Their Voyage of Sustainability
Recent studies found out that almost 90% of Millennials would choose a sustainable and eco-friendly product over any non-sustainable counterparts. One of the most significant benefits of brands switching to "eco-friendly" is making a major appeal to the new generation, especially in urban areas. However, several companies are still stuck in the myth bubble...
Only 20% of India Inc. Published Sustainability Reports last year
Sustainable Development is the future that we envision for our planet. To reach there, we need to overcome several roadblocks such as climate change, poverty, hunger, inequality, etc. Corporates play a major role in making or breaking the case for sustainable development. Sustainability reporting, also known as environmental, social, and governance (ESG) disclosures, reflects...
Reliance Industries Spent Rs. 1185 Crores on CSR in FY22
Diversified conglomerate Reliance Industries has contributed Rs 1,184.93 crore towards supporting a number of need-based and impactful Corporate Social Responsibility initiatives during the fiscal FY22, as reported by IANS.
Reliance Foundation, the philanthropic arm of Reliance Industries, spearheaded the CSR programmes, which were directed by Nita M. Ambani, the foundation's Founder and Chairperson. Rural transformation,...
CSR Theme for PSEs: Health and Nutrition
For the current fiscal year, the corporate social responsibility (CSR) activities of public-sector enterprises (PSEs) will be focused on 'health and nutrition.' According to official sources, the Department of Public-Sector Enterprises has told all Central ministries and departments that the PSEs under subject should follow this decision. 'Health and Nutrition, with a special focus...
Companies Encouraging their Employees to Show Responsibility towards Climate Change and Sustainability
Global warming and climate change is changing the world as we know it. And no one is responsible for this but us. At this stage it is not only the job of corporate companies or government authorities to take action to contain the carbon emissions responsible for climate change, but individual action and commitment...
Like CSR, Scientific Social Responsibility Made Mandatory for Indian Scientists
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...
Meta Is Developing Sustainable Concrete Using Artificial Intelligence
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...
5 things to look for when choosing an on-ground implementation partner for healthcare CSR
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...