Articles

Introduction Companies Act, 2013 [“the Act”] mandates companies falling under a specific threshold to spend in every financial year as part of its Corporate Social Responsibility [“CSR”] obligation under certain activities which are identified under Schedule VII of the Act. Activities specified under Schedule VII of the Act are of very crucial importance and are

The Evolution of ESG: From Niche Concern to Mainstream Imperative In recent decades, a seismic shift has occurred in the business landscape—a transformation marked by the ascension of Environmental, Social, and Governance (ESG) principles from peripheral ideals to a central focus. What began as a niche concern championed by a select few ethical investors has

Introduction The 21st century has seen a growing recognition of the need to address global challenges, including poverty, inequality, climate change, and environmental degradation. In 2015, the United Nations introduced the Sustainable Development Goals (SDGs)[1], a universal call to action to end poverty, protect the planet, and ensure prosperity for all by 2030. In parallel,

In an era where businesses are no longer evaluated solely on their financial performance, the concept of Corporate Social Responsibility (CSR) has emerged as a powerful force shaping the corporate landscape. CSR has evolved from being a buzzword to becoming an integral part of a company’s identity, influencing its relationship with stakeholders, its long-term sustainability,

In the ever-evolving landscape of corporate innovation, the role of excessive corporatization in terms of development, innovation and marketing cannot be understated. While it has undoubtedly fuelled remarkable advances in technology, infrastructure, and global connectivity, it has also brought forth significant challenges and consequences. The extraction of valuable resources like cobalt in Africa often involves

Introduction: Corporate Social Responsibility (CSR) has evolved significantly since its incorporation into the Companies Act, 2013. This mandate requires eligible corporates to allocate 2% of their net profits to specific activities or recognized funds outlined in Schedule VII of the Companies Act, 2013. Traditionally, these CSR initiatives have focused on sectors like rural development, healthcare,

In today’s ever-evolving corporate landscape, the concept of Environmental, Social, and Governance (ESG) has gained significant traction. ESG criteria are increasingly influencing investment decisions, corporate policies, and even public perception. However, there’s a common misconception that ESG primarily focuses on the environment, neglecting the essential aspects of social and governance. In reality, these three pillars

In today’s fast-paced and ever-evolving business landscape, sustainability and responsible business practices have become paramount. With increasing focus on sustainability and Corporate Social Responsibility, BRSR reporting provides a framework for companies to transparently communicate their environmental, social, and governance (ESG) performance. In the current scenario, companies are increasingly demanding to demonstrate their commitment to sustainability,

Introduction: Section 135(1) prescribes certain criterion based on which CSR applicability is decided for any company. Every company to which CSR Criteria is applicable shall constitute CSR committee and needs to comply with other applicable provisions of Companies Act, 2013. Although provisions of Companies Act, 2013 makes it mandatory to spend on CSR, it positively

Introduction In an era marked by pressing environmental and social challenges, the concept of Environmental, Social, and Governance (ESG) has evolved from being a mere buzzword to a global imperative. The need for sustainability, equity, and responsible governance is more apparent than ever. While ESG represents a call to action for the universe, its realization