Inclination towards social responsibility & contribution to sustainable development is fast becoming the mark of distinction for global brands.
Mallen Baker-writer, speaker and CSR expert-defines Corporate Social Responsibility as a strategic act, "a way companies manage the business processes to produce an overall positive impact on society." Integrating social, environmental and ethical responsibilities into the governance of businesses ensures their long term success, competitiveness and sustainability.
India has become the first country to mandate CSR; the ministry of corporate affairs has notified Section 135 and schedule VII of the Companies Act 2013, which includes the provisions of the Corporate Social Responsibility Policy to come into effect from April 2014. By the effect of which every company which either has a net worth of Rs 500 crore or a turnover of Rs 100 crore or net profit of Rs 5 crore, needs to spend at least 2% of its average net profit of preceding three years on social responsibility activities.
CSR- Fulfill the CSR goals with IDA Foundation by supporting high-impact programmes and activities in education, environment, sanitation, hygiene, health, healthcare, skilling, counseling (career and psychological and motivational), women empowerment and many more.