CSR Digest- December 2024
Unlock New Perspectives on CSR with GRAAM’s CSR VOCAL Series
CSR Vocal as a platform for thought leaders and CSR (Corporate Social Responsibility) practitioners to share insights, best practices, and innovations is multifaceted and essential in the realm of corporate responsibility and sustainability.
CSR Spending Surges 13 percentage: Companies Look beyond Compliance.
There has been a 13 per cent rise in CSR spending, with total allocations reaching Rs. 29,000 crore for the fiscal year 2022-23, according to the State of CSR Report 2024. This annual report, launched by Sattva Consulting, highlights significant trends in Corporate Social Responsibility (CSR) in India and coincides with a notable increase in profits for over 33,000 companies (between 2020-23).
Unspent CSR funds hit five-year high of Rs 1,475 crore in FY23, shows data
Not all listed companies above a threshold have spent the required portion of funds on Corporate Social Responsibility (CSR) areas. This unspent amount stood at a five-year high of Rs 1,475 crore during 2022-23 (FY23).
PM's Internship Scheme included in common theme for CPSEs CSR spend in FY25
The Government has revised the CSR guidelines for CPSEs by including PM’s Internship Scheme as the common theme for the current fiscal, an official said. Currently, Central Public Sector Enterprises (CPSEs) follow a theme-based approach in utilising their Corporate Social Responsibility (CSR) funds.
Tracking Lacuna limits CSR’s contributions to agri sustainability.
A decade ago, India became the first country to legally mandate Corporate Social Responsibility (CSR). Section 135 of the Companies Act 2013 outlines the rules and regulations governing CSR. Its role in social development is crucial. According to the National CSR Portal, from 2014 to 2023, Rs 1.84 lakh crore of CSR funds were disbursed.
India ranks 23rd in the Sustainable Trade Index 2024
In the rapidly evolving world of today, sustainability and resilience have emerged as a central point for development. As the global economy attempts to find footing after the COVID-19 pandemic and amid geopolitical tensions and wars, the importance of sustainable development has never been more evident than now.
RoCs tighten CSR enforcement; over a dozen businesses get penalty orders so far this year
Companies defaulting on social obligations mandated by law are increasingly
beginning to face the brunt of non-compliance, more than three years after a
penalty provision was introduced.
CSR Partnership with Tribal Communities in Odisha to Promote Sustainable Agriculture and Ecotourism
Odisha, India: In the heart of Odisha’s Koraput district, a pioneering initiative is changing the lives of tribal communities of village Padalput by integrating sustainable coffee farming with ecotourism,
ESG Approach Must Transition from Mere Symbolic to Systematic One
ESG’s prominence in corporate discourse is definitely not coincidental. As climate change accelerates and public expectations shift, companies are under pressure to demonstrate responsibility and resilience.
