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Report: Several companies barely allocated funds towards CSR activities

Since 2014, as many as 18,398 companies did not spend a single penny on allocating mandatory Corporate Social Responsibility (CSR) funds while as many as 13,987 companies spent less than the prescribed CSR amount during the same period. However, the Registrar of Companies (RoC), working under the Ministry of Corporate Affairs (MCA), has...
Beach cleanup

Canada: Offering choice in CSR activity spurs employee engagement

Employees working for companies with strong corporate social responsibility (CSR) programs tend to find their jobs more meaningful, boosting engagement. And that impact is up to 20% stronger when workers are given a say in corporate CSR activities, according to a new study conducted by the University of British Columbia (UBC). “Employees’ sense of meaningfulness and...
organic food

CSR: Farce of Labelled Organic Food

“I consume only organic food”, said Rithika, a homemaker staying in the posh locality of South Delhi. India imitates the west to meet the needs of its growing population by implementing the Green Revolution. India’s food production saw rapid gains by usage of high yielding variety (HYV) seeds, tractors, irrigation facilities, pesticides, and fertilizers....

Why are PSUs spending 80% of CSR funds in mining areas?

Noting that over INR 15,500 crore was disbursed to states for projects under District Mineral Foundation (DMF), a parliamentary panel has asked the government to review mandatory provision of spending 80% of CSR funds by companies in mining areas to avoid overlapping. DMF has been set up in states under a mining Act to implement...

USA: Companies’ Commitment to CSR Influences Buying Decisions More Than Price

People prioritize environmental and human-focused causes over price, according to a new survey from Clutch, the leading B2B ratings and reviews firm. Most people say a company's commitment to environmentally-friendly business practices (71%), social responsibility (68%), and giving back to the local community (68%) are among the most important attributes of a company. Less than...
CSR spending in thematic areas

Are CSR projects and spends aligned with thematic areas?

According to Census 2011 undertaken by the Government of India, 6% of the nation’s population resides in slums, amounting to more than 7 crore people, which is a significant number. People living in slum areas face multiple challenges, ranging from insufficient living area to lack of access to drinking water, and require assistance through...
2018 recap

2018 recap of top highlights in CSR

2018 was quite eventful with regard to corporate social responsibility. Here is a lookback at major events in this domain. January 2018 The corporate affairs ministry gives permission for penal action against 196 companies for violating corporate social responsibility norms in 2014-15 fiscal, according to union minister P P Chaudhary. Tata Sons’ flagship firms had started collaborating...
CSR survey

Companies in India spent 75.36 billion rupees on CSR this year

Companies in India spent INR 75.36 billion on corporate social responsibility (CSR) activities in 2017-18, a 47% rise compared to 2014-15, says a survey. "This is a significant rise, clearly demonstrating higher expenditure towards CSR activities from the mandated year, 2014," said the KPMG India CSR Reporting Survey 2018. The cumulative expenditure by top 100...
Mitsubishi Electric India in Gurugram

Mitsubishi Electric India Announces CSR Strategy

Mitsubishi Electric India has conceptualised its CSR plans for the financial year 2018-19 and announced the CSR Strategy which covers United Nations Sustainable Development Goals along with Government of India Initiatives. The initiatives have been categorised under Skill Development, Community Development & Climate Action. These activities support United Nations Sustainable Development Goals of Quality Education,...
CSR trends for 2019

Top CSR trends and projections for 2019

It has been quite an eventful year in the corporate social responsibility domain. So active was this field that a High Level Committee on CSR 2018 has been re-constituted under the chairmanship of Injeti Srinivas, Secretary, MCA to review the existing framework and guide and formulate the roadmap for a coherent policy on CSR. The...

How are investors and businesses responding to climate change risks in India?

Treeni Sustainability Solutions has joined hands with Mahindra Group to present the 8th edition of Sustainability for Breakfast (S4B) in Mumbai. The intent was to engage with industry leaders from across sectors and discuss the drivers and best practices for risk mitigation from climate change. Speaking about the session, Anirban Ghosh, Chief Sustainability Officer, Mahindra...
child malnutrition

Corporates Working To Fight Child Malnutrition

According to the World Health Organization (WHO), roughly 7 million children under the age of 5 die each year from preventable causes across the globe. Malnutrition is the underlying cause of 45 per cent of these deaths. In India, malnutrition among children is a major concern too, belying nation’s increasing economic achievement. According to a...

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