Business Ethics & Philanthropy

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...

The CoP 25 (Conference of Parties) to the United Nations Framework Convention on Climate Change (UNFCCC) failed to reach a deal on the 2020 climate action goals. The emotional expectations of the society have been unmet because of lack of action by the governments. This has encouraged millions of people to get on the...

Mandatory CSR in India has made a significant contribution in addressing various social issues. It has been making an effort to tie loose ends by working in every sector, including health, skilling, education, women empowerment, malnutrition, and so on. However, the general pattern that has been observed suggests that the majority of CSR projects...

By Mr Harish Anchan Not too long ago, the social responsibility of businesses was to increase their profits. This saying has since evolved greatly, as employers, employees and customers these days, hold businesses to a higher standard and higher accountability. It is not enough for a business to just produce a desired product or service;...

The relevance and importance of corporate social responsibility (CSR) is highly significant today in this capitalist economy, to ensure the sustainability of life and business in the future. Mallen Baker defines CSR as, "It is about how companies manage the business processes to produce an overall positive impact on society." According to the United Nations, "Corporate...

Change is a measure of success in the development sector, in almost the same way the balance sheet is to the corporate world. Measuring success in terms of a balance sheet is relatively simpler than measuring change due to social sector programmes, as everything is measured in monetary terms in the former. Change due to...

Corruption runs through the veins of India like a deadly virus, and what better way to talk about it than the International Anti-Corruption Day, which is observed today the world over.The global campaign United Against Corruption focuses on corruption as one of the biggest obstacles to achieving the Sustainable Development Goals (SDGs). The United Nations...