CSRBOX, a leading CSR advisory firm officially launched a research report titled- CSR & SDGs in India based on the CSR work done companies listed on BSE stock exchange at India’s Social Impact Forum-2020.
Who is CSRBOX?
CSRBOX is India’s leading CSR knowledge and impact-intelligence platform aimed at the CSR and development community, connecting and informing over three million development, strategic communication, CSR, humanitarian and sustainability professionals & students through CSR data and analytical tools, CSR research reports, Impact-stories, collaboration platform and blended advisory services.
The platform is the single largest CSR information dashboard for CSR heads, board members of companies, nonprofit leaders, fundraisers, government agencies and social businesses to find latest updates in CSR domain in India.
The platform is powered by India's largest social sector platform NGOBOX.
Who released the report?
The report was released by Mr. Praveen Pardeshi, IAS, Municipal Commissioner of Greater Mumbai & Mentor, Maharashtra Village Social Transformation Foundation.
Why India Impact Forum?
India Impact Forum 2020 aims to create and communicate new ideas with smart planning and active leadership that will make CSR unit as a central hub to the company’s ongoing social impact.
The main agenda of the forum was to discuss and deliberate on the need to engage with Sustainable Development Goals (SDGs) and develop strategies to manage the social and environmental performance of companies.
What does the report say?
As per the indicators stated by NITI Aayog, the research found that about 28% of the total CSR fund went into Quality Education (SDG 4), making it the most preferred Goal.
This was followed by Good Health and Well-being (SDG 3) with 20% of CSR funding and No Poverty (SDG 1) with 14% of CSR funding.
It was also observed that CSR projects in Quality Education covered the largest area with 93 aspirational districts, followed by Clean Water and Sanitation (SDG 6) and Good Health and Well-Being covering 74 and 87 aspirational districts respectively.
With regards to SDG 4, the indicators that were focused on were ‘Adjusted Net Enrolment Ratio at Elementary and Secondary School (42.11%)’ and ‘Average Annual Dropout rate at secondary level (33.78%)’. While the top indicator for SDG 3 was ‘Number of governmental physicians, nurses and midwives per 1,00,000 population (72.13%)’.
The research also revealed that the top thematic areas for CSR projects were Education and Skill Development, Rural Development, and Alleviation, Healthcare, & WASH.
Thus, with the trend of continuous growth in CSR funding in India, SDGs 4, 3, and 1 are set to gain even more attention with Decent Work and Economic Growth (SDG 8) and Clean Water and Sanitation (SDG 6) following close behind.
What is Corporate Social Responsibility?
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.
After India became the first country to make CSR mandatory for a certain group of companies under Companies Act, 2013, developmental work done in the social sector soared.
With the advent of the UN Sustainable Developmental Goals (SDGs) in 2015, CSR gained traction and provided Indian corporates with focused goals and thematic areas to work on.
Quick Recap
CSRBOX—launched a research report titled- CSR & SDGs in India—launched by Mr. Praveen Pardeshi, IAS, Municipal Commissioner of Greater Mumbai.
CSRBOX is powered by NGOBOX.
CSR fund went into Quality Education (SDG 4).
Top indicator for SDG 3 was ‘Number of governmental physicians, nurses and midwives per 1,00,000 population (72.13%).
India was the first country to make CSR mandatory for a certain group of companies under Companies Act, 2013.
