A Study of Corporate Social Responsibility (CSR) and Sustainable Development Goal (SDG) Practices of the States in India

Poddar, Anushree; Narula, Sapna A.

doi:10.1007/978-3-030-24444-6_5

Cited by 10 publications

(8 citation statements)

References 6 publications

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“…Their engagement with the SDGs must considerably improve if business is to play a meaningful role in achieving the goals. After 4 years of the adoption of SDGs, we have experienced very little changes among many of the Indian companies in their strategies as well as ambition to contribute to the developmental goals in a responsive manner (Poddar & Narula, 2020). Hence, now it is high time for the companies operating in India to prioritize SDGs while planning CSR as it would be good for both the company and stakeholders.…”

Section: Findings and Discussionmentioning

confidence: 99%

“…While 71% of CEOs recognize the critical role that business can play in contributing to the delivery of the SDGs, a mere 21% believe that business is actually performing that role (United Nations Global Compact [UNGC], 2019). With the realization of all these limitations, world leaders at the SDG Summit in September 2020 have called for a “Decade of Action” and delivery of sustainable development (Poddar & Narula, 2020). Further, the current surge of COVID‐19 crisis has spotlighted global health issues as top priority in the SDGs reducing focus on other important areas.…”

Section: Beyond “Business As Usual”: Csr and Sustainabilitymentioning

confidence: 99%

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CSR practices and Sustainable Development Goals: Exploring the connections in Indian context

Satapathy

Paltasingh

2022

Business and Society Review

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There was a growing realization that Millennium Development Goals (MDGs) are overarching, ambitious, complex, and less impactful. Consequently, the 193 member countries of the United Nations (UN) came out with Sustainable Development Goals (SDGs) as a well‐thought‐out global development agenda in the year 2015. By involving the private sectors in the designing of SDGs, UN has rightly identified their potentials in offering solutions to the most relevant sustainability challenges. SDGs came into force in January 2016 across the globe when corporate social responsibility (CSR) was already legalized in India. There has been a whooping investment of approximately Rs. 15,000 crores by nearly 20,000 companies every year under CSR in the country. However, it is argued that the contributions to SDGs are not substantial. Based on review of relevant literature, the current paper makes a modest attempt to explore the connections between CSR and SDGs in contemporary India. Further, it critically examines how CSR in India contributes to SDGs. The paper also analyses the underlying reasons for the inadequate engagement of CSR with SDGs. Despite CSR practices in India having linkage with the SDGs, the outcomes are not as per the expectation as a number of firms operate with less involvement and strategic efforts.

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Section: Findings and Discussionmentioning

confidence: 99%

Section: Beyond “Business As Usual”: Csr and Sustainabilitymentioning

confidence: 99%

CSR practices and Sustainable Development Goals: Exploring the connections in Indian context

Satapathy

Paltasingh

2022

Business and Society Review

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“…The power of corporations lies in raising awareness [257] or investing in direct approaches based on their circumstances. To make the world a safer place, it is vital to reduce violence, such as wars, human trafficking, abuse, and injustice, and to promote basic freedom, legal identity, and non-discrimination laws [258][259][260][261].…”

Section: Sdg-16 (Peace and Justice Strong Institutions)mentioning

confidence: 99%

Sustainable Development Goals (SDGs) as a Framework for Corporate Social Responsibility (CSR)

et al. 2022

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Corporate Social Responsibility (CSR) has been an articulated practice for over 7 decades. Still, most corporations lack an integrated framework to develop a strategic, balanced, and effective approach to achieving excellence in CSR. Considering the world’s critical situation during the COVID-19 pandemic, such a framework is even more crucial now. We suggest subsuming CRS categories under Sustainable Development Goals (SDGs) be used and that they subsume CSR categories since SDGs are a comprehensive agenda designed for the whole planet. This study presents a new CSR drivers model and a novel comprehensive CSR model. Then, it highlights the advantages of integrating CSR and SDGs in a new framework. The proposed framework benefits from both CSR and SDGs, addresses current and future needs, and offers a better roadmap with more measurable outcomes.

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“…If the company's operations adversely or negatively affect society or the environment, they are overlooked and ignored (Wilhelm, 2013). CSR activities in such cases are motivated to act as a "cover-up" and do not positively contribute to achieving the national sustainability requirements (Poddar & Narula, 2020).…”

Section: Background and Literature Reviewmentioning

confidence: 99%

Business response to mandatory corporate social responsibility with evidence from India

Kulkarni,

Aggarwal

2023

Bus Strat Dev

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There has been a lot of discussion on the shift from voluntary to mandatory corporate social responsibility (CSR) and its impacts in different countries across the globe. India is unique in this context as the reporting and expenditure of a certain amount under CSR has been mandated for companies. This article analyzes the changes and responses of Indian businesses post‐2014, when new CSR rules were enacted. The key objectives of this study are to assess the level of awareness and compliance, thematic and geographical focus areas for CSR projects, and drivers and barriers to the adoption of mandatory CSR. We performed a secondary analysis of the data from 60 companies, followed by extensive primary research through in‐person interviews and offline questionnaire responses with 100 key CSR professionals from different companies in India. A key finding from the study is that the awareness of CSR policy and the pool of CSR funds has increased. The policy mandates have been a good driver in improving transparency and reporting quality. However, there is a predominant focus on four thematic areas of education, healthcare, hunger, and poverty alleviation despite the government's efforts to expand in other areas. The geographical spread of expenditure is limited to a few key industrial states in India, limiting CSR's contribution towards national development. The study adds to the CSR literature associated with institutional and stakeholder theories by looking at the response of legally bound organizations toward society and the environment. Finally, the study provides valuable information for governments and regulatory authorities considering the mandatory implementation of CSR expenditure across the globe.

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A Study of Corporate Social Responsibility (CSR) and Sustainable Development Goal (SDG) Practices of the States in India

Cited by 10 publications

References 6 publications

CSR practices and Sustainable Development Goals: Exploring the connections in Indian context

CSR practices and Sustainable Development Goals: Exploring the connections in Indian context

Sustainable Development Goals (SDGs) as a Framework for Corporate Social Responsibility (CSR)

Business response to mandatory corporate social responsibility with evidence from India

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