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The new CSR legislation under section 135 of the Companies Act 2013 requires companies of a certain size to spend 2% of their net profit [8] on activities as prescribed under schedule VII, which are primarily aimed at community development. The canvas of CSR remains narrow and de-linked from the core-business activities of a company.
A broad public consultation was then organised from February to June 2020 to gather input and opinions from various stakeholders regarding the review of the Directive's provisions. The outcome of this consultation is the European Commission 's proposal on 21 April 2021 to revise the NFRD by introducing the Corporate Sustainability Reporting ...
In 2014, India also enacted a mandatory minimum CSR spending law. Under Companies Act, 2013, any company having a net worth of 500 crore or more or a turnover of 1,000 crore or a net profit of 5 crore must spend 2% of their net profits on CSR activities. [183] The rules came into effect on 1 April 2014. [184]
2. Parent. This is the most common style, with almost half (49.5%) of us fitting into the dog parent category. If you’re here, you probably have a human-like bond with your canine, while you ...
Some critics argue that corporate social responsibility (CSR) distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing, such as "greenwashing"; [28] others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful corporations. A ...
PSG conceded a stoppage-time winner in its 2-1 defeat to Atlético Madrid. Currently 25th in the table, the French side has now failed to win in its last three Champions League games and is at ...
Spanish police said Wednesday that they had seized 13 tons of cocaine -- the country's largest-ever haul of the drug -- and made one arrest. Police and customs agents intercepted the cocaine in ...
The environmental benefit comes from the recycling accomplished. In the private sector, a commitment to corporate social responsibility (CSR) implies an obligation to public reporting about the business's substantial impact for the better of the environment and people. Triple bottom line is one framework for reporting this material impact.