February 27

Report: Do companies walk the talk on investing in communities in India?

Long before India’s corporate social responsibility (CSR) law took effect, community development remained at the centre of philanthropic work for many companies.

The third edition of India Responsible Business Index (IRBI) 2017 report reveals that community development remains a significant thrust area for businesses for their social development projects. A closer evaluation, however, suggests absence of application on key aspects of community engagement such as addressing the policy commitment towards backward or marginalized sections, or ensuring the interest of stakeholders is respected.

The IRBI index ranks the top 100 BSE-listed companies on their performance on five parameters—inclusive supply chain, community as stakeholders, community development, employee dignity and human rights and non-discrimination at the workplace.

Photo courtesy of JanetandPhil.

Source: Livemint (link opens in a new window)

Impact Assessment
corporate social responsibility, CSR, global development, India, social impact