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Business Ethics & Philanthropy

Walking the Talk: the Gap Between Intention and Action

The central premise of Section 135 of the Companies Act has been to link profits to welfare, leading to betterment of society as a whole. With the advent of this section, the creators of wealth and generators of profit were forced to acknowledge philanthropy beyond personal charitable giving. Philanthropy and the development sector suddenly became...

Young Couple Celebrates Wedding With Special Guests

What would a dream wedding for you mean? Probably, the presence of all your family and friends, stunning designer clothes, a fairytale destination, sight-arresting decoration, long list of guests and all the grandeur. But for a couple who recently got married in Bangalore, a dream wedding meant something different. Surabhi HR hailing from Bangalore and...

Corp Affairs Ministry to Hold Sensitisation Workshops on CSR Norms

To ensure better compliance, the Corporate Affairs Ministry plans to conduct workshops for officials and other stakeholders to sensitise them about social welfare spending norms under the companies law. The move comes against the backdrop of instances of discrepancies in data and lapses being noticed by the Ministry with regard to compliance with CSR rules...

Centre May Rope In Banks To Boost Forest Cover

All banking institutions in India may soon chip in to increase India's forest cover in a coordinated manner. If the environment ministry has its way, all banks will be asked to join the central and the state governments in their ongoing efforts of afforestation. The move will be part of one of the 10 ways,...

Is India Inc Aligned or Far Behind Environmentally? : Report

Over 80% of the companies responding to CDP India (Carbon Disclosure Project India) have voluntarily set up emission reduction targets, a trend observed in line with their global peers that have begun the transition to a low-carbon economy and some are already capitalizing on the opportunities this affords. A fair number of companies also...

Business for Good is Good for Business and for Society

The “Business for Good” model proposes that a company can create social impact and also generate profits for its shareholders. This model has the potential to tackle global and local social issues using business rather than the traditional corporate philanthropy. The focus is on creating ‘shared value’, which translates to judiciously blending profits with societal...

Are Corporate Firms Taking The Easy Way By Contributing CSR Money To Schemes Like PMNRF?

Recent analysis on the Corporate Social Responsibility (CSR) spending of companies has turned many eyes to a figure that suddenly popped up four times. Contributions towards Schedule VII (IX) of Companies Act 2013 that includes Prime Minister’s National Relief Fund (PMNRF) saw the highest increase in 2015-16 as compared to the previous year according...

“Two Percent Is The Cheapest Way To Wash Your Sins”

Questioning the social responsibility of companies beyond mere spending of funds, a report by Corporate Responsibility Watch (CRW) analysed different factors of responsibility. The report titled ‘CSR in India, 2016’ tried to explore responsible practices in core business areas examining factors like diversity in workforce, anti-sexual harassment policies, consumer issues and opportunities for people...

Youth: Change Leaders For An Inclusive And Vibrant India

History shows us that young people have played key roles in powerful social movements that transformed the course of human history, including India’s freedom struggle, women’s rights, environmentalism and environmental justice and many more. With 65% of population below the age of 35 years, India has the world's largest youth population and their actions and...

The Changing Dynamics Of Philanthropy

India, with its rich diversity and history is no stranger to the concept of philanthropy. Individuals in the country have come forward time and again sharing their resources (wealth, knowledge and time). Historically, India like many Asian countries has a close-knitted culture known for having a rich social heritage. The mythological example of ‘Karna’ also...

A ‘Nudge’ in the Swachh Direction

The Swachh Bharat Abhiyan is probably the most talked about Government Initiative in recent years. The plan, as stated by Prime Minister Narendra Modi, is to build 12 crore toilets and eradicate open defecation by 2019, a year marking the 150th birth anniversary of Mahatma Gandhi. The reason this plan is so significant is the...

Maharashtra Govt Ropes In Ratan Tata, Amitabh Bachchan And Anand Mahindra To Transform 1000 Villages

Aiming to transform 1,000 villages in the initial leg of the vision, Maharashtra chief minister Devendra Fadnavis met corporate heads and Bollywood celebrities on Thursday. A governing council headed by CM would be formed with members from corporate and state. Industry moguls like chairman emeritus of Tata Sons Ratan Tata, Anand Mahindra, chairman and managing...

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