Marpu Foundation
Corporate Social Responsibility:
Compulsory Corporate Social Responsibility in India as per companies Act 2013 organizations gathering particular financial thresholds are needed to allocate at least 2% of their minimum net profits from the preceding three years to Corporate Social Responsibility activities.
Key Focus Areas on Corporate Social Responsibility
Getting access to high quality education and encouraging digital literature.
Developing healthcare industries and services.
Facilitating renewable energy and conservation efforts.
Providing skill development and entrepreneurship for women.
Implementation for Corporate Social Responsibility
Limited community participation:
Limited community participation poses a significant challenge to the success of Corporate Social Responsibility (CSR) initiatives in India. When local communities are not actively involved in the planning and execution of CSR projects, these initiatives may fail to address the actual needs and priorities of the beneficiaries, leading to reduced effectiveness and sustainability.
Misalignment between corporate goals and local needs:
Misalignment between corporate goals and local community needs is a significant challenge in the effective implementation of Corporate Social Responsibility (CSR) initiatives in India. This disconnect often arises when companies design CSR programs based on internal priorities or branding objectives without adequately engaging with the communities they aim to serve. As a result, CSR projects may fail to address the actual needs of the local population, leading to minimal impact and, in some cases, community distrust.
Role of NGOs and Community Organizations
Organizations are the Foundation that is crucial in bridging the gap between corporations and communities. Through collaboration and grassroots engagement, NGOs help design and implement impactful, scalable CSR programs.
Future of CSR in india
1. Greater transparency and accountability.
Building Trust: Transparent CSR reporting fosters trust among stakeholders, including the public, investors, and government bodies.
Regulatory Compliance: In Indian, Companies meeting certain financial thresholds are mandated under section 135 of the companies, Act 2013. To spend a minimum percentage of there profits on CSR activities. Transparent reporting ensures adherence to these legal obligations.
2. Long-term, sustainable impact.
Building Trust: Transparent CSR reporting fosters trust among stakeholders, including the public, investors, and government bodies.
Regulatory Compliance: In Indian, Companies meeting certain financial thresholds are mandated under section 135 of the companies, Act 2013. To spend a minimum percentage of there profits on CSR activities. Transparent reporting ensures adherence to these legal obligations.