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What is Corporate social responsibility (CSR)?

CSR

About CSR

What is Corporate social responsibility (CSR)?

Corporate social responsibility (CSR) is a self-regulating business model that helps a company to be socially accountable. By practising corporate social responsibility, companies can be conscious of the impact they are having on economic, social, and environmental factors.
 
Engaging in CSR means that a company is operating in ways that enhance society and the environment.

Understanding CSR
 
Corporate social responsibility is a broad concept that can take many forms depending on the company and industry.
 
CSR activities can help build a stronger bond between employees and corporations, and help both employees and employers feel more connected.
 
For a company to be socially responsible, it
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Latest Updates on CSR

SBI Foundation commits Rs 3 mn grant to eight select social ventures

Four top winning ideas are given support of Rs 6 lakh each while four runners-up are given Rs 1.5 lakh each, he said after the selection process on Sunday

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Updated On : 09 Apr 2023 | 7:55 PM IST

Philanthropy by India's super rich falls by a third in FY22, says report

The dramatic fall was because contributions by the Azim Premji Foundation dropped by Rs 9,000 cr

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Updated On : 02 Mar 2023 | 6:30 AM IST

UPA's decision to provide CSR fund to govt relief fund in 2013: Sitharaman

The decision to provide CSR funds to various relief funds of the central govt was taken by the previous UPA govt in 2013, Finance Minister Nirmala Sitharamanon on Tuesday said in the Rajya Sabha

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Updated On : 13 Dec 2022 | 4:18 PM IST

HCL Foundation CSR spending up 10.76% to Rs 216 crore in FY22

About Rs 195 crore was the CSR investment made during the 2020-21 financial year

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Updated On : 10 Nov 2022 | 9:16 PM IST

PotHoleRaja: How one start-up is fixing roads the eco-friendly way

PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads

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Updated On : 12 Oct 2022 | 10:45 PM IST

Top headlines: RBI unveils digital rupee features, HUL price cuts, and more

Business Standard brings you the top headlines at this hour

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Updated On : 08 Oct 2022 | 7:22 AM IST

Govt looks to ease compliance burden with new CSR disclosure rules

The new rules have also revised the amount to be spent on impact assessment of CSR projects to 2 per cent of total CSR obligation or Rs 5 million, whichever is higher

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Updated On : 07 Oct 2022 | 7:17 PM IST

Companies can omit important information under new CSR disclosure rules

New rules let companies omit details like title, location, and duration of the business's CSR project, budget allotted for it, the amount spent on it during the current fiscal year among others

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Updated On : 07 Oct 2022 | 10:06 AM IST

NMDC institutes in Chhattisgarh's Dantewada district send youths to MNCs

Besides mining, the company has pioneered development initiatives and steered changes in improving the quality of education in remote areas as part of its corporate social responsibility (CSR).

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Updated On : 06 Oct 2022 | 7:09 PM IST

SC suggests idea of private jails built by corporates as part of CSR

The Supreme Court Thursday expressed concern over the conditions of jails in the country and suggested the idea of building private jails involving big corporates

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Updated On : 29 Sep 2022 | 9:22 PM IST

CSR exemption for firms making losses; eligibility to be checked every year

CSR rules are applicable to companies with a net profit of over Rs 5 crore or networth of over Rs 500 crore or turnover of Rs 1,000 crore

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Updated On : 23 Sep 2022 | 12:10 AM IST

India warming up to vast potential of crowd-funding for healthcare

Of the 1.3 million active patients in India, around 890,000 have given consent to be up for adoption

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Updated On : 14 Sep 2022 | 8:05 PM IST

FM Sitharaman to arrive in Nagaland for 3-day visit, inaugurate CSR event

Sitharaman will visit Mon on Tuesday morning to inaugurate the first branch of Axis Bank in the remote district

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Updated On : 22 Aug 2022 | 12:42 PM IST

How Pashtepada's smart school inspired 50,000 schools in Maharastra

Digital classrooms are now far more common and advanced than they used to be a few years ago

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Updated On : 17 Aug 2022 | 3:11 PM IST

Monsoon session: 60% CSR spent on rural needs, health care, education

Around 60 per cent of the total CSR funds spent by companies in the last seven financial years were in the areas of education, healthcare and rural development-related activities, according to the government.

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Updated On : 18 Jul 2022 | 10:26 PM IST

4-5% of Rs 1.25 trn spent on CSR funds in past 7 yrs went to PM Cares: Govt

Singh said it is a broad-based activity that the Board undertakes and we give general guidelines and the Board implements it

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Updated On : 05 Apr 2022 | 11:02 PM IST

Volume IconTMS Ep126: Economic challenges of UP & Punjab, DK Joshi, markets, CSR

What are the economic challenges awaiting UP and Punjab? Why is CRISIL's DK Joshi still optimistic about GDP growth in FY13? What BJP's election win means for markets? What is CSR? All answers here

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Updated On : 11 Mar 2022 | 8:00 AM IST

Onerous disclosures

New CSR reporting requirements raise tricky issues

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Updated On : 22 Feb 2022 | 10:47 PM IST

The world's favourite Indian

To achieve its potential, Indian industry must live the ethos of Rahul Bajaj

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Updated On : 17 Feb 2022 | 2:45 AM IST

Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters

The industry lobby group also said the Budget expected to focus on ways to strengthen economic recovery

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Updated On : 24 Jan 2022 | 12:34 AM IST