Corporate Social Responsibility Guide
Companies have gradually accepted the relationship between good business policies and socially responsible business practices as obligatory today. A company perceived to be consciously accountable for the decisions it makes beyond the basic profit making is generally the one that is held in high regard among general public as well as its own employees.
On the other hand, a company that is solely concerned about its own benefits and income with no sense of responsibility towards the society is more likely to attract the wrath of activist groups launching public campaigns against it, while simultaneously degrading its own image among the employees resulting in poor morale among them.
The best companies of today are increasingly devoting time and resources towards worthwhile social causes. Donating money for charities while encouraging employees to engage in socially responsible activities has become a visible trend among businesses and a majority now realizes that the ethical behavior of a company towards society is just as important as making profits. While these profits are vital to the functioning of the company and cannot be ignored, companies are aware that responding to social obligations can create higher standards of living for people within and outside the company.
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How to inculcate Sustainable Development in the CSR Policy?
As much as there is a law for responsible CSR, there is also a law for sustainable development. Firms have…
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What is Corporate Sustainability?Indian and Global Perspective
Corporate sustainability cancels out any risks from the economy, environment or society and hence, increases shareholder value in the long…
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Problems Relating to CSR and Sustainability in India
While there are laws in place for CSR and sustainability both, it is difficult to follow the law. A lot…
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Legal Implications of a CSR Policy in India
Indian Corporates already have a lot of obligations to adhere to legally and otherwise. The following are the laws under…
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Integration of Departments, Branches and Market into a Single CSR Policy in India
It is important to indulge in CSR for Corporates but the entire market has to be integrated with the process.…
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How is India faring on the global CSR scene?
It is necessary that Indian firms follow in the footsteps of global ones and come up with their own innovation…
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Indian Corporates on the CSR Scene
Indian Corporates are slowly adapting to the rapidly changing scenario. However, a lot of them have consciously chosen to stay…
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