28-02-2017, 03:55 PM
The evolution of corporate social responsibility in India refers to the changes in the time in India of the cultural norms of corporate social responsibility (CSR) commitment, with CSR refers to how Companies are managed to generate a positive overall impact on the communities, cultures, societies and environments in which they operate. The foundations of CSR rest on the fact that not only public policies, but even businesses, must be sufficiently accountable to address social issues. Therefore, companies must face the challenges and issues addressed to some extent by the states.
Among other countries, India has one of the oldest traditions of CSR. However, CSR practices are not practiced regularly nor are they made only by namesake, especially by multinationals with no cultural and emotional ties to India. Much has been done in recent years to make Indian entrepreneurs aware of social responsibility as an important segment of their entrepreneurial activity, but CSR in India has not yet received widespread recognition. To achieve this goal, companies' CSR approach must be in line with their attitudes towards companies that set clear objectives, undertake potential investments, measure and report performance publicly.
The CSR country report for India 2016 focuses on specific factors relevant to Norwegian companies wishing to successfully implement CSR in their operations in India. The conditions for business operations in India vary for different areas, and therefore also the way in which CSR is perceived and implemented. This note is understood as a brief for Norwegian companies seeking to establish themselves in India. In 2016 Innovation Norway created a more complete CSR guide for India, which can be found here. Includes advice on how to further develop or adapt your own CSR policy, useful links, information on voluntary guidelines and additional information on relevant laws and guidelines of interest when doing business in India.
Among other countries, India has one of the oldest traditions of CSR. However, CSR practices are not practiced regularly nor are they made only by namesake, especially by multinationals with no cultural and emotional ties to India. Much has been done in recent years to make Indian entrepreneurs aware of social responsibility as an important segment of their entrepreneurial activity, but CSR in India has not yet received widespread recognition. To achieve this goal, companies' CSR approach must be in line with their attitudes towards companies that set clear objectives, undertake potential investments, measure and report performance publicly.
The CSR country report for India 2016 focuses on specific factors relevant to Norwegian companies wishing to successfully implement CSR in their operations in India. The conditions for business operations in India vary for different areas, and therefore also the way in which CSR is perceived and implemented. This note is understood as a brief for Norwegian companies seeking to establish themselves in India. In 2016 Innovation Norway created a more complete CSR guide for India, which can be found here. Includes advice on how to further develop or adapt your own CSR policy, useful links, information on voluntary guidelines and additional information on relevant laws and guidelines of interest when doing business in India.