Corporate Sustainability: A New Kid on the Corporate Block

By Aashna Jain, National Law University, Jodhpur.

The objective of this write-up is to examine the concept of sustainable growth as the characteristic of the phenomenon called Corporate Social Responsibility. The researcher is not indulging in examining the widely discussed aspect of the features and the outcomes of the corporate social responsibility. The focus will primarily be on the various definitions given by national and international organizations, which primarily bring out the attribute of the sustainable growth and the care for future generations. (more…)

The Evolution of Corporate Social Responsibility

By Siddhant Sharma, Amity Law School, Jaipur.

The concept of Corporate Social Responsibility (CSR) has been around for quite some time now. The term itself means ‘corporate initiatives to assess and take responsibility for the company’s effects on the environment and impact on social welfare’. CSR may also be referred to as “corporate citizenship” and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.[i]  (more…)

Corporate Social Responsibility: An Analysis

By Sibani Panda, KIIT Law School, Bhubaneswar.

“Without a sense of caring, there can be no sense of community”

In the recent years, increasing attention has been given to the concept of corporate social responsibility. The corporate social responsibility is an evolving concept and it does not have a universally accepted definition, so it generally refers to the transparent business practices that are based on ethical values, compliance with legal requirements, and respect for people, communities, and the environment. Thus, beyond making profits, companies are responsible for the totality of their impact on people and the planet.[1] Corporate Social Responsibility (CSR), can be described as, the continuous commitment by corporations towards the economic and social development of communities in which they operate. Good corporate governance is a part and parcel of a corporate responsibility towards the society. (more…)