CSR full form is Corporate Social Responsibility. What does that mean? Corporate Social Responsibility, as the name suggests, is about corporations integrating their social responsibility into their business operations. This social responsibility is concerning the social and environmental aspects that factorise in the functioning of a business. It is a management concept that acts as a form of business accountability to the public and stakeholders. CSR enables companies to step out from a state of ignorance and address their impact on socioeconomic and political facets of society.
What are the Main Types of CSR?
Did you know that companies that execute their approach towards CSR well are viewed in a much better light, improving their broader mission in the world? Well, to get to know CSR better, below-mentioned are the four main types of CSR.
- Environmental social responsibility
- Philanthropic corporate responsibility
- Economic corporate responsibility
- Ethical/human rights social responsibility
Benefits of CSR
The benefits of CSR can be understood by reading the major ones below.
- Protecting Investor Relations
- Enhancing Employee Engagement
- Improving Brand Recognition
- Risk Mitigation
Top Indian Companies CSR
Next, let’s focus on India and the Indian companies which are in the top section of well-spent CSR.
|Name of the Company||Amount (INR)|
|RELIANCE INDUSTRIES LIMITED||908.71 crore|
|TATA CONSULTANCY SERVICES LIMITED||602 crore|
|OIL AND NATURAL GAS CORPORATION LIMITED||582.35 crore|
|HDFC BANK LIMITED||535.31 crore|
|INDIAN OIL CORPORATION LIMITED||518.49 crore|
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