Will Corporate Social Responsibility help in sustainable development?

Corporate social responsibility (CSR) refers to a company’s ongoing commitment to incorporate social and environmental concerns into its operations. Changes in the global environment are forcing businesses all over the world to look beyond their financial results and integrate social and environmental concerns into their strategic planning. The Companies Act of 2013 took effect on August 29, 2013, replacing the Companies Act of 1956. The New Act includes an extra part, Section 135 – clause on Corporate Social Responsibility duties (“CSR”) for firms listed in India, which makes significant changes to company creation, administration, and governance. India became the first country to regulate the necessity to engage in CSR activities and to report CSR projects. This marks the start of a new era in India’s CSR.

With the rise of economic globalization, corporate social responsibility (CSR) has become increasingly significant. It is more crucial than ever before for enterprises to evaluate their impact on a country’s local population as they grow. Corporations play a significant influence in the economy. Corporations produce value by generating revenues that may be re-invested in economic development that benefits society as a whole. A company that engages in CSR should not be viewed as a luxury that one may afford or cannot afford. Corporations that practice CSR and sustainable development must conduct business in a manner that is considerate to the general public and the environment. To do these things successfully, businesses must pay close attention to product quality and the influence their operations may have on their community, something that may appear to be a minor operating expenditure at first.

The price of modern progress is the steady erosion of nature’s green charm. India is likewise dealing with significant environmental issues. As a result, the environment should be the primary goal of any CSR programme, as it provides the essential resources in the form of raw materials. Pollution of the air, water, and soil, as well as deforestation and desertification, acid rain and hazardous wastes, climate change, global warming, and ozone depletion, all impede various sorts of business.

A calm and harmonious community is the second precondition for any company progress. Progress and profits are the fruits of business trees that have grown in society’s soil, absorbing the nutrients of ethics, values, peace, and harmony. Hunger, poverty, illness, illiteracy, terrorism, and violence, as well as natural disasters, all slow down the business process. The internal environment of a company firm will naturally reflect the socio-economic disparities. As a result, CSR has proven to be a useful strategy for combating these issues while also ensuring a secure business environment.

Aishwarya Says:

I have always been against Glorifying Over Work and therefore, in the year 2021, I have decided to launch this campaign “Balancing Life”and talk about this wrong practice, that we have been following since last few years. I will be talking to and interviewing around 1 lakh people in the coming 2021 and publish their interview regarding their opinion on glamourising Over Work.

If you are interested in participating in the same, do let me know.

Do follow me on FacebookTwitter  Youtube and Instagram.

The copyright of this Article belongs exclusively to Ms. Aishwarya Sandeep. Reproduction of the same, without permission will amount to Copyright Infringement. Appropriate Legal Action under the Indian Laws will be taken.

If you would also like to contribute to my website, then do share your articles or poems at adv.aishwaryasandeep@gmail.com

We also have a Facebook Group Restarter Moms for Mothers or Women who would like to rejoin their careers post a career break or women who are enterpreneurs.

We are also running a series Inspirational Women from January 2021 to March 31,2021, featuring around 1000 stories about Indian Women, who changed the world. #choosetochallenge

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