Business Ethics & Philanthropy

Companies in India spent INR 7536 crores 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 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,...

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...

You may feel that Christmas is a license to eat and drink too much, and yet the idea of transcending ordinary limits has been part of solstice celebrations for hundreds of years. You don’t have to go to literal extremes, but you can stretch your personal rules, based on the idea of days or...

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...

L&T is an engineering and construction conglomerate with a concern for the community. Even before the CSR section was introduced in the Companies Act 2013, L&T had been interacting with the community around L&T facilities and providing health, education and skills development services to those who needed it most. According to the company’s annual report...

This is the Social Development space, dude! Don’t you get it, we are driven by passion and sweat and the human touch. The cold tendrils of Technology have no place here. Thus went the reprise when I started working in the Social Development space, not such a long time ago, as a matter of fact....

Corporate Social Responsibility (CSR) works should be part of the long term strategy of companies and should not be treated as ad hoc activities, Union minister P P Chaudhary said on Tuesday. The Minister of State for Corporate Affairs also emphasised the CSR activities help in bridging the gap between rural and urban areas. Under...

In 2013, the government of India mandated the companies that makes a net profit above a specified threshold level, to spend to per cent of it on CSR. The law came into effect in April 2014. The law has brought in a lot of participation from corporate India in national development. However, there are...

Companies undertake many types of responsible business activities. It is difficult to comprehend easily the breadth and scope of their work. A new study uses a measure called the Spread, which is indicative of how broad-based the responsible business activities of a company are and is a combined score of the four criteria: Disclosure,...

Five states in India banned single-use plastic viz. Plastic bags, in the last one year and there was a huge uproar about the same but no one gave a moments notice to the massive amounts of plastic waste generated by corporations in India. GAIA (Global Alliance for Incinerator Alternatives) conducted a survey in 2018 wherein...

The National Water Mission targets to reduce water consumption by 20% in all sectors by 2030. To achieve this, many policy level initiatives have been taken and higher allocations were made to water based projects in 2017-18 budget. 4 key policy changes in budget 1. Mandate of zero liquid discharge system for some industries, 2. Issuance of...