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Despite 78% of the top 100 companies acknowledging their employees' participation in volunteering initiatives, fewer incentives are offered in India compared to the US. Only 22% of Indian firms offer volunteering time-off, compared to 66% of US firms, and just 7% of Indian firms provide volunteering matching grants, compared to 40% of the Fortune 500.
SM Store launches an initiative to help underprivileged students, who have little to no capacity to buy basic school materials such as notebooks.
Shares of Centerspace (NYSE:CSR – Get Free Report) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective […]
For CSR spending to be leveraged and have impact, there must be a greater alignment between spending plans of individual businesses and national priorities in the sector. Using CSR funds for capital and operational expenditure will improve impact. CSR spends are marked by regional imbalance - concentrated in Maharashtra, Karnataka, Gujarat, Tamil Nadu and Uttar Pradesh, while northeast states account for less than 1%. Time to revisit how CSR funds are utilised to maximise impact.
In FY22, India's corporate social responsibility (CSR) spending on the environment more than doubled to ₹2,837 crore, which made the sector the biggest recipient of such funds after health and education, according to the latest provisional data by the Ministry of Corporate Affairs. Spending on health in FY22 stood at ₹9,987 crore, beating education as the top sector for CSR expenditure.