World over, CSR is increasingly becoming an important activity for businesses. CSR aims at building up sustainable business practices also taking into account the triple bottom line- people, planet and profit.
Corporations are not merely responsible only to their shareholders but also to the society as a whole. It helps in enhancing the image and reputation of the business and also help in employee engagement. CSR should not be looked upon as mere philanthropy but an investment in social, environmental aspects that can help in engagement of the company into these processes.
Salient features of CSR in the new Bill;
Reference and further reading;
Read more on CSR voluntary guidelines
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