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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.
Regarding governance, it has been found that the financial performance of a business is influenced by its decision-making body. For instance, gender diversity improved CSR, decreased corporate social irresponsibility, and as a result, improved business performance.
Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation [1] which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development ...
There is a wide range of terminology used to qualify this same concept of sustainability reporting: ESG reporting, non-financial reporting, extra-financial reporting, social reporting, CSR reporting and socio-economic and socio-environmental reporting.
Whether it is an extended "new form of CSR" or "shared value", CSV is fundamentally different from the CSR activities of the past. [ 11 ] In a 2013 video for the Huffington Post World Economic Forum, Porter said shared value is a logical progression from CSR because incomes are raised for everyone, not through charity and by being a "good ...
The European Commission should expand plans to strengthen its computer chip sector to include "foundational and legacy" semiconductors, where much of the region's strengths lie, the head of ...
From January 2008 to December 2012, if you bought shares in companies when Constance J. Horner joined the board, and sold them when she left, you would have a -3.8 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Chief sustainability officers are responsible for an organization's objectives and initiatives relating to sustainability. [3] Sustainability is defined by the United Nations as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” [4]