Business Ethics & Philanthropy

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...

Volunteering is seen as a philanthropic activity that is intended to benefit others. However, benefits of volunteering are not only limited to the immediate beneficiaries but also to volunteers, society and the nation as a whole. Let us understand how this is. Uplifting The Lives of Underprivileged This the most obvious direct benefit of volunteering. When...

By Rajeev Nair & Nishant Sogani, Rajani Associates The concept of Corporate Social Responsibility a.k.a. CSR has been in existence since ages, albeit more so as an informal practice. Only recently, the ‘thread’ of corporate social responsibility in India has been woven into the ‘legal fabric’ and the ‘apparel’ being the Companies Act, 2013 (Act). The...

CFOs have historically been responsible for making financing and investment decisions based on ROI and NPV. In the next ten years, there will be increasing pressure on them to deliver valuation that incorporates the environmental, social and governance (ESG) factors that shape the success of business in the long term. Currently, ESG investing has increased...

The modern definition of philanthropy describes it as a private initiative, which is used for the public good and is focussed on improving the quality of life. It is a noble effort and is one that brings relief and joy to a large sect of underprivileged citizens. India has maintained a strong philanthropic momentum,...

Corporate Social Responsibility (CSR) is becoming an integral part of many companies' policies. Understanding the four levels of CSR shows that the practise offers benefits, not only to workers and the community, but also the company itself, and the country in which it operates. This is why it is often in the government's interest...

According to data furnished by the Ministry of Heavy Industries and Public Enterprises, a total of 152 central public sector units (PSUs) spent only INR 3,442.38 crore out of the allocated funds of INR 6,024.81 for CSR in FY 2017-18, leaving rest of INR 2,582.43 crore untouched. On a year-on-year basis, the CSR funding by...

Corporate Social Responsibility (CSR) has become a buzzword in the corporate world. Every year, businesses of all sizes belonging to every industry spend billions of dollars across the globe on CSR. It represents a tremendous opportunity for businesses to build trust, bolster their reputation, and give back to the community. A lot is at stake...

Over the last few decades, India has witnessed a fast-paced urban growth of its cities accompanied by population and economic growth. This rapid urbanization has led to multiple social and environmental issues that are currently being faced by several metro cities in the country, including those related to satisfying the mobility needs of its...

AI and Machine learning have slowly started to make a place for itself in every aspect of a corporate organisation. One of the main purposes of employing this technology is to improve the efficiency of processes by reducing human biases. This was especially true for its employment in recruitment practices. In fact, it was argued...

"Today companies in India are realising the importance of technologies that offer a win-win solution in terms of moving beyond business compliance to achieving leadership in demonstrating care for safety, environment and well-being of all stakeholders," says Praveer Sinha who has over three decades of experience in the power sector and has been credited...