CORPORATE SOCIAL RESPONSIBILITY PRACTICES IN INDIAN COMPANIES – A CASE OF INDIA

Commerce and Management

In the recent times the term Corporate Social Responsibility is became as a buzzword in the academic and corporate arena. Corporate organizations are the part and parcel of the society, and are responsible to contribute something for the well being of the society. In recent years Corporations around the world are struggling with a new role of discharging its responsibility towards society, environment, market place and workplace. Corporate Social Responsibility refers to the set of policies, practices and programs integrated into business operations, supply chains and decision-making processes throughout the organizations business. CSR is a set of programs initiated by the corporations that fairly balances the claims of all key stakeholders by complying with the legal, ethical, commercial and other expectations of the society from a business endeavor. Organizations are being called upon to take responsibility for the ways their operations impact societies and the natural environment. The present paper provides a brief account of corporate social responsibility (CSR) evolution, National voluntary guidelines, Companies Act 2013 and the practice and programs initiated by the Infosys Company in the present day globalised industrial environment.

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