The states in India have always welcomed corporate support in promoting the social sector. It helps the state governments where there are limited financial and human resources. However, the support it brings to the end beneficiary is critical and has transformed their lives in many states.
CSR Times is presenting a few critical data from the above Survey report as an Infographic
CSR is generally understood as the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple-Bottom-Line- Approach”) while at the same time addressing the expectations of shareholders and stakeholders.
CSR is no longer seen as corporate social assistance or philanthropy but as essential to a good business strategy, helping reduce investment risks and enhancing business profits by improving transparency and accountability. It is about working together – with government, with civil society, and with the community – to improve the lives of millions of people by making growth more inclusive, the World Bank Feature report states.
Deloitte Touche Tohmatsu India LLP. Member of Deloitte Touche Tohmatsu Limited CSR Preparedness Survey report 2024 was released in May and delves into the key areas and levels of maturity and preparedness within the CSR sector, exploring its implications for corporate strategy and readiness for the future. The Report by Deloitte Touche Tohmatsu India LLP’s in-house expertise and comprehensive survey indicate nuanced insights into the evolving CSR landscape. The report is very insightful and should be picked up and studied by every corporate involved in CSR activities.
