Corporate Social Responsibility (CSR) is an organisational policy meant for private business self-regulation. The Companies Law mandates to spend at least 2 percent of their three year average profit towards corporate sustainability and citizenship.
At csraffairs.com we bring to you the latest update regarding implementation of CSR policy in various firms across India.
Many firms engage in CSR to contribute to the society and various communities they function in. This includes many philanthropic engagements and granting relief funds. They believe in giving back to the less privileged people. Other firms’ focus is to improve their operational efficiency in the workplace through CSR. Their vision is to reduce the impact of emission, reduce wastage of resources hence focusing on sustainability. Another motive is to transform business and build customer loyalty, thereby, enhancing position in the business market. CSR also includes investing in employee work condition, healthcare and education. In a nutshell, CSR emphasizes on business relationship with the society, environment, employees and shareholders.
Our endeavour is to inform and bring to you how different firms are indulging in CSR. We acknowledge your opinion and welcome your comments regarding it, since we believe that we too must responsibly contribute and not just businesses.