Open AccessLINKING CORPORATE SOCIAL RESPONSIBILITY (CSR)PRACTICES TO SUSTAINABLE DEVELOPMENT GOALS (SDGS) IN INDIA
Author(s) -
Geetanjali Dangi Thakur,
G.L. Puntambekar
Publication year - 2021
Publication title -
international journal of advanced research
Language(s) - English
Resource type - Journals
ISSN - 2320-5407
DOI - 10.21474/ijar01/13446
Subject(s) - corporate social responsibility , sustainable development , poverty , business , population , government (linguistics) , economic growth , public relations , political science , economics , sociology , linguistics , philosophy , demography , law
India is a vast country with huge size of population and half of the population is living under poverty & inequality. Indias big share of population is struggling for basic amenities and there is a need of collaborative efforts of both government and corporate sector. In India Sustainable Development Goals (here after SDGs) and Corporate social Responsibility (hereafter CSR) are the most powerful tools to deal with social issues. CSR seems like a powerful framework for corporate sector to engage in achieving SDGs to a certain extent. In 2015 India adopted the 17 sustainable development goals with 169 targets and in 2014 CSR policy came with social initiatives. The idea behind linking CSR & SDGs is the thematic social sectors included in both of them.The activities which are included in schedule VII of companies act having lot of overlap with the thematic areas of sustainable development goals and thats why there has seen tremendous potential of both tools to develop a model for sustainable growth. Till date from 2014 to 2020 corporate sector contributed Rs. 59,505 cr. in CSR activities which are directly related to SDGs. So, this paper focus on the concept of leveraging CSR practices because working on CSR practices will ultimately help in achieving SDGs to higher extent.