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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

PM Internship Scheme: Over 100K internships on offer in Phase-II

Currently, the top 500 companies with the highest average corporate social responsibility (CSR) expenditure over the last three years are part of the scheme

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Updated On : 20 Feb 2025 | 10:57 PM IST

SECL exceeds statutory CSR budget for projects in Chhattisgarh, MP

SECL has 64 coal mines in Chhattisgarh and Madhya Pradesh. Of these, 39 are in Chattisgarh, and the rest are in Madhya Pradesh

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Updated On : 17 Feb 2025 | 6:07 PM IST

Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka

Company and state government to sign agreement at investors summit for integrated facility in Koppal taluk

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Updated On : 11 Feb 2025 | 4:54 PM IST

Kerala CSR scam: Former judge CN Ramachandran Nair named in cheating case

Former Kerala High Court judge CN Ramachandran Nair has been named in CSR fund scam (half price scam) FIR; accused of patronising a fraudulent NGO

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Updated On : 10 Feb 2025 | 5:08 PM IST

Tata Sons' CSR money may go to Ratan Tata endowment trust, foundation

The plan is in the final stages with discussions centred around how to take social sector projects forward in lines with other Tata Trusts

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Updated On : 10 Feb 2025 | 12:05 AM IST

Coal India's expenditure on CSR initiatives rises 37% in Apr-Jan: Official

CIL, which accounts for over 80 per cent of domestic coal production, directs over 70 per cent of its CSR funds toward healthcare, nutrition and sanitation and education and livelihood, official said

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Updated On : 09 Feb 2025 | 10:47 AM IST

Rajnath Singh to chair Armed Forces Flag Day CSR conclave in Delhi on Fri

The event organised by Kendriya Sainik Board under Department of Ex-Servicemen Welfare aims to highlight the measures taken for rehabilitation, resettlement and welfare of the veterans

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Updated On : 26 Dec 2024 | 9:26 PM IST

Coal India's CSR spend exceeds Rs 5,570 crore over the past decade

Coal Secretary Vikram Dev Dutt commended coal companies for their impactful CSR projects over the past decade, which, he said, have positively impacted coal-bearing regions

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Updated On : 15 Dec 2024 | 5:25 PM IST

Mizoram govt to get rid of non-performing employees: CM Lalduhoma

Mizoram CM Lalduhoma said that his government is taking steps to ensure that all projects are executed properly and effectively

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Updated On : 27 Nov 2024 | 12:49 PM IST

Unspent CSR funds hit five-year high of Rs 1,475 crore in FY23, shows data

On average, each company spent only Rs 11.29 crore

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Updated On : 19 Aug 2024 | 10:13 PM IST

Aim for carbon neutrality in scope 1, 2 emissions by FY32: ICICI Bank

In its ESG report 2023-24, ICICI Bank says it has allocated Rs 5.19 billion for corporate social responsibility (CSR) activities in financial year 2024, up from Rs 4.63 billion the previous year

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Updated On : 17 Aug 2024 | 4:55 PM IST

Centre sets up team to implement internship scheme announced in Budget

The Union Ministry of Corporate Affairs is holding discussions with corporate HR leaders in Delhi and Mumbai to finalise the contours of the scheme

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Updated On : 13 Aug 2024 | 12:29 PM IST

Education made up 33% of firms' CSR spend in FY23, shows govt data

Reliance topped social spending from FY19 to FY22

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Updated On : 08 Aug 2024 | 10:41 PM IST

'Internship scheme a complicated solution to a complicated issue': Fin secy

At 'Budget with BS: The Fine Print,' Finance Secretary TV Somanathan said companies costs for interns will be funded through their CSR budgets

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Updated On : 31 Jul 2024 | 6:25 PM IST

Tax tribunal rulings open doors to more firms claiming CSR deductions

Orders expected to settle matter but chances of the authorities questioning such deductions not ruled out, say tax experts

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Updated On : 03 Jul 2024 | 2:36 PM IST

Infosys Foundation, ICT Academy join hands to skill 48,000 students

The students will be trained in IT, banking, financial services and insurance, retail, e-commerce, logistics, knowledge process outsourcing, and soft skills

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Updated On : 03 Jul 2024 | 1:17 PM IST

Tax tribunals in Delhi and Mumbai allow deductions for CSR donation

Tax authorities had earlier argued that since CSR expenditures were mandated by law, they were not voluntary and therefore, did not qualify as donations for tax deductions

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Updated On : 11 Jun 2024 | 11:15 AM IST

Less corporate responsibility? India Inc's CSR spending slowed down in FY23

In FY23, there was only a 5 per cent increase in CSR spending compared to the previous year, due to which, CSR spending as a percentage of net profit fell to a six-year low of 1.87 per cent

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Updated On : 17 May 2024 | 6:24 PM IST

Govt permits planting of trees on degraded land parcels for credits

India is yet to have a domestic carbon/green credit marketplace with the regulations for it under consideration. There are however independent agencies running such platforms

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Updated On : 27 Feb 2024 | 10:54 PM IST

Mercedes-Benz Research and Development India launches Sustainability Garage

A CSR initiative of MBRDI, the Sustainability Garage will serve as a hub for multidisciplinary research, focusing on developing eco-friendly materials with diverse applications to benefit society

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Updated On : 22 Feb 2024 | 6:07 PM IST