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Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR)

August 10, 2023

GS Paper IV Ethics

Context:     

Indian firms’ spending on corporate social responsibility (CSR) remained flat in 2021-22, a new analysis by primeinfobase.com showed. 

About Corporate Social Responsibility (CSR):

  • Corporate Social Responsibility is a management concept whereby  companies integrate social and environmental concerns in their business  operations and interactions with their stakeholders.

Sectors With Highest CSR Spends:

  • Education-related sectors and healthcare segments continued to find favor with companies. These sectors received close to 60% of the CSR expenditure in 2021-22. 

State Split:

  • Companies CSR payouts across states were uneven. 
  • The biggest beneficiaries of CSR funds were large and industrialized states, while smaller ones received smaller amounts. 
    • Maharashtra, Gujarat, Delhi, Karnataka, Tamil Nadu, Uttar Pradesh, Rajasthan and Andhra Pradesh—some of the biggest state economies—together received nearly 50% of the funds. 

Preferred Routes  

  • COMPANIES CARRY out CSR activities either on their own, or through eligible external agencies. 
  • Around 29% of the companies spent directly on CSR-related activities, while 20% used an external implementing agency. The remaining 3% did not specify the route chosen by them.
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UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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