Corporate Social Responsibility (CSR) is no longer considered as purely philanthropic activity. In India, CSR has developed into a strategic corporate strategy with legal obligation. The Companies Act, 2013 mandated CSR expenditure for specific firms, and the situation is continuously shifting. Let’s look at some emerging trends that will revolutionize CSR in India.
The emphasis is shifting away from just spending the mandatory CSR expenditure and towards establishing measurable benefit. Companies are currently anticipated to:
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The distinction between CSR and core business operations is disappearing. Companies are seeing the strategic advantages of incorporating CSR into their business plan.
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The regulatory framework governing CSR is constantly evolving. Here are some key developments:
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These emerging trends point to a more planned and strategic approach to CSR in India. Companies are recognizing that CSR is more than simply a regulatory requirement, but a strategic investment in long-term success. Here’s what to expect:
Conclusion:
By adopting these emerging trends, Indian businesses may design a future in which CSR extends beyond compliance. It has the potential to serve as a catalyst for positive change, resulting in a more sustainable and fair future for all.
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From
Shilpa Sharma
Assistant Professor
School of Law
Lingaya’s Vidyapeeth
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