CSR Activities in Indian Companies: Top 5
Corporate Social Responsibility (CSR) has become a buzzword in the business world. Indian companies have been at the forefront of this movement, with many undertaking innovative CSR activities in Indian companies that have a positive impact on society. In this blog, we’ll explore some of the notable CSR activities undertaken by Indian companies.
CSR Activities in Indian Companies
CSR in India has been gaining momentum since the Companies Act, of 2013, mandated companies with a net worth of Rs. 500 crores or more, a turnover of Rs. 1,000 crores or more, or a net profit of Rs. 5 crores or more, to spend 2% of their average net profits over the previous three years on CSR activities.
Many companies have embraced this mandate as an opportunity to give back to society, create a positive impact, and enhance their reputation.
Notable CSR activities
- Tata Group
The Tata Group is a conglomerate that has been at the forefront of CSR in India. The group’s CSR activities include initiatives in the areas of education, healthcare, livelihoods, and the environment. The Tata Trusts, the philanthropic arm of the Tata Group, has been instrumental in funding and implementing many of these initiatives.
- Infosys
Infosys, the global IT giant, has been a pioneer in CSR in India. The company’s CSR initiatives include education, healthcare, and rural development. Infosys has also been a leader in promoting sustainable development through its focus on renewable energy and reducing its carbon footprint.
- Wipro
Wipro, another IT giant, has been a leader in CSR in India. The company’s CSR initiatives include education, healthcare, and the environment. Wipro has also been a leader in promoting diversity and inclusion through its programs that focus on gender equality, LGBTQ+ rights, and disability inclusion.
- ITC
ITC, a conglomerate with interests in FMCG, hospitality, and agribusiness, has been a pioneer in CSR in India. The company’s CSR initiatives include sustainable agriculture, water management, and women’s empowerment. ITC has also been a leader in promoting rural development through its focus on creating livelihoods for farmers.
- Reliance Industries
Reliance Industries, a conglomerate with interests in petrochemicals, refining, and retail, has been a significant player in CSR in India. The company’s CSR initiatives include education, healthcare, and rural development. Reliance Industries has also been a leader in promoting sustainable development through its focus on renewable energy and reducing its carbon footprint.
Conclusion
CSR has become an essential part of the business landscape in India. Companies are recognizing that it is not just a mandate but also an opportunity to make a positive impact on society, enhance their reputation, and create long-term value. The examples mentioned above are just a few of the many notable CSR activities being undertaken by Indian companies. By continuing to invest in CSR, Indian companies can create a sustainable and equitable future for all.