Philanthropy Flashcards - Corporate Social Responsibility

In 2014, India mandated Corporate Social Responsibility (CSR) for certain companies. It is a concept through which companies balance economic goals, with social and environmental concerns. CSR spending in India has been increasing and now accounts for 30% of the total private giving (FY23). In this context, this note provides a brief overview on the CSR framework in India, key trends, challenges and opportunities. The note incorporates data from a desk review and viewpoints based on an expert panel discussion on CSR recently held at the Dasra Philanthropy Week (DPW) on 29th February 2024.