Corporate Social Responsibility in India is arguably the first comprehensive, well-researched book on the subject in the country. The author uses Indian examples, case studies and CSR role models from the Indian industry to explain the gap between Indian business needs and current practices. Practices and researches in economically developed counties have also been used extensively. As the Indian industry begins to enter international markets, it is going to be imperative to integrate CSR with business goals for long-term sustainability and healthy economic, social and environmental impact.
The book helps in understanding the meaning of business beyond financial numbers and tries to explain how even CSR can be used as a marketing tool and for business benefits. It dwells comprehensively upon the concept of CSR, from its inception as ph8ilanthropy till its journey to a form where now it is mandatory to be sensitive about CSR in businesses.This ready reckoner and guide for senior managers, CEOs, CFOs, HR and taxation officials in INdian and multinational companies, management students and academicians approaches CSR as a critical business need, not a philosophy.
Sanjay K. Agarwal is a Chartered Accountant working with organized retail business. His areas of interest include Corporate and Factory Accounts and Direct and Indirect Taxation.
Chapter 3: CSR Reports
Sustainability reporting is a highly dynamic and highly competitive area of business thinking and action. For years, corporate environmental and social reporting has struggled to find its place among the legitimate components of market disclosure and communication.
Till the 1990s, non-financial or extra financial reporting was dominated by environmental concerns and philanthropic activities. As nothing is constant, the definition of ‘business’ has changed since then; it has grown in terms of size, reach and capital on stake. Various developments including the decreasing role of governments in business issues, except regulatory ones, big ticket corporate scandals in America, South Korea and some other industrially developed countries, and the emergence of the Internet as the fastest and cheapest source of information and knowledge have led ...