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    This document outlines the evolution of corporate social responsibility (CSR) in India over time. It began with pre-independence charitable initiatives by industrialists. Post-independence, CSR focused on economic development and Mahatma Gandhi's notion of "trusteeship". In the 1960s-1970s, mandatory corporate philanthropy laws were introduced. In the 1990s, CSR shifted toward market forces and aligning business with social and environmental concerns. National voluntary guidelines on CSR were released in 2011. The Companies Act of 2013 made CSR spending mandatory for large companies.

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    CSR WAC

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    This document outlines the evolution of corporate social responsibility (CSR) in India over time. It began with pre-independence charitable initiatives by industrialists. Post-independence, CSR focused on economic development and Mahatma Gandhi's notion of "trusteeship". In the 1960s-1970s, mandatory corporate philanthropy laws were introduced. In the 1990s, CSR shifted toward market forces and aligning business with social and environmental concerns. National voluntary guidelines on CSR were released in 2011. The Companies Act of 2013 made CSR spending mandatory for large companies.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    5 views3 pages

    CSR Wac

    Uploaded by

    mba23jatothurohith
    This document outlines the evolution of corporate social responsibility (CSR) in India over time. It began with pre-independence charitable initiatives by industrialists. Post-independence, CSR focused on economic development and Mahatma Gandhi's notion of "trusteeship". In the 1960s-1970s, mandatory corporate philanthropy laws were introduced. In the 1990s, CSR shifted toward market forces and aligning business with social and environmental concerns. National voluntary guidelines on CSR were released in 2011. The Companies Act of 2013 made CSR spending mandatory for large companies.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Learning Team

    Aman raj 2023MBA165


    J. Rohith Kumar
    2023MBA186
    Harsha Abhinav besi
    2023MBA182
    Sakshi Roy 2023MBA217
    Sarah Qutbi 2023MBA219
    Evolution of CSR in India

    What is CSR?
    CSR is businesses taking responsibility for societal and environmental impact, exceeding legal compliance. Coined
    by Harold Bowen in 1953, it traces back to ancient Indian practices, emphasizing community contributions.

    1. Pre-Independence Era:
    •Focus: Charitable and 2. Post-Independence Period:
    philanthropic initiatives. •Focus: Economic development;
    •Contributors: Industrialists like CSR was not well-defined.
    7. Mandatory CSR Spending (2014 Tata, Godrej, Bajaj, and Birla. •Concept: Mahatma Gandhi's
    Onwards): "trusteeship" notion.
    •Requirement: 2% of average net
    profits over the preceding three 3. Mandatory Philanthropy (1960s-
    years. 1970s):
    •Impact: Increased attention and •Attempt: Formalizing corporate
    active engagement in CSR initiatives.
    Corporate Social giving through legislation.
    •Legislation: Companies Act, 1956
    6. Companies Act, 2013: Responsibility amended in 1977 (2% of profits for
    •Milestone: Made CSR spending social development).
    mandatory for eligible companies.
    •Criteria: Mandatory CSR applies to
    4. Liberalization Era (1990s):
    companies with net worth ≥ ₹500 •Shift: Toward market-driven forces.
    crore, turnover ≥ ₹1,000 crore, or net •Realization: Aligning business interests
    profit ≥ ₹5 crore. with social and environmental concerns.
    5. National Voluntary Guidelines (2011):
    •Introduction: Ministry of Corporate
    Affairs released NVGs.
    •Emphasis: Principles for responsible
    business conduct; voluntary adoption

    11/02/2024 CSR 2
    Confederation of Indian Industry (CII), CSR Spending in India: A Study of the Top 500
    Companies (2010-2021)
    Mint, Indian Inc's FY22 CSR spending crosses Rs 30,000 Cr (August 4, 2023)
    Mint. 04/08/2023 . https://www.livemint.com/industry/how-indian-firms-spent-on-csr-in-fy22-in-
    charts-11691584903091.html
     Business Line, CSR spends of India Inc increase during pandemic led by RIL, HDFC Bank

    https://thehindubusinessline.com/data-stories/deep-dive/csr-spends-of-india-inc-increase-during-
    pandemic-led-by-ril-hdfc-bank/article67291739.ece#:~:text=Number%20of%20non-PSUs%20sp
    ending,per%20cent%20in%202021-22
    .
     Evolution of CSR in inida - https://youtu.be/pus3OUOatmM?si=RdyONB6Lpf2ri_G7
     Evolution of CSR in india - https://youtu.be/olgR6BY8oQI?si=uss5SDcHuitKK9LS

    11/02/2024 CSR 3

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