Corporate Social Responsibility forms an integral part of an organisation’s commitment towards social responsibility. It not only provides a company to obtain social license to operate but also help in achieving multiple benefits by contributing to the social causes. Some of the benefits include enhanced reputation, stakeholder’s confidence, social risk management, employee retention, customer loyalty etc.
CSR has come a long way from being a philanthropic activity to a statutory requirement by Indian Laws.
There are several different laws and policies that mandate CSR expenditure and seek to standardize how programs are disclosed and reported.