Corporate Social Responsibility: Welfare of Society & Growth of a Country

Posted on: 2022-04-08 15:33:25
Corporate Social Responsibility (CSR) is a transformative programme or action that Indian businesses engage in. It is a positive move toward collective upliftment and community well-being, as mandated by the government. In some way, CSR initiatives in India must be in line with the socio-economic development of the country.

Corporate social responsibility, whether directly or indirectly, aids in this effort. Companies in India that meet specific conditions are required to contribute to the betterment and welfare of society and the country through CSR. As part of their CSR initiatives, many firms today are participating in a great deal of social work.

The purpose of CSR is to give back to the community, take part in philanthropic matters, and provide positive social value. Businesses are increasingly turning to CSR to make a difference and build a positive brand around their company. CSR refers to a company's contribution to society. Company Secretaries are expected to be knowledgeable about the legal and technical requirements for CSR in order to advise management and the Board of Directors.

Companies in India now have a larger duty to establish a defined CSR framework, thanks to the notion of Corporate Social Responsibility (CSR), which was established by the Companies Act of 2013. Many corporate houses, such as TATA and Birla, have voluntarily engaged in CSR. The Act establishes a corporate social responsibility (CSR) culture in India by forcing businesses to develop a CSR policy and allocate funds to social upliftment programmes.

Many corporations pursue CSR activities through third-party collaborations. Usually, a local or an international non-profit organisation is involved in such partnerships. A third party implementation is when a company engages a third party, such as a local or international NGO, to work with local communities in designing and implementing CSR projects, or it supports an existing initiative being implemented by others.

Child Help Foundation (CHF) has been associated with many corporate houses across industries for many years now. Here is a list of some o the projects we have executed with some well-known corporates: