Corporate Social Responsibilities and Sustainable Development Goals

By: Series: . 12 ; 53Publication details: 2018-12-20Description: 5Subject(s): In: THE MANAGEMENT ACCOUNTANTSummary: Business entity primarily earns its revenue/income from the society and in return it is expected to pay back to the society a reasonable share of its income/profits. CSR has emerged in India as a business initiative to deploy a part of its profits for the social well being of the society as a whole. Te concept of CSR is very much relevant and important in India due to social and economic backwardness in many areas. Sustainable Development is the prime objective of Indian Government various initiatives including legislative measures have been taken to ensure that development initiatives are not halted due to paucity of funds. 2030 Agenda for Sustainable Development adopted by World Leaders in September 2015 calls for the member countries to mobilize efforts and resources ending all forms of poverty inequalities and tackle cilmate changes while ensuring that no one from their country is left behind. Here the public Sector Private Sector and Government have to work in a synchronised manner for making CSR initiative an important contributing factor for achievement of SDGs in India.
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Article St. Francis Institute of Management and Research Available AR0842

Business entity primarily earns its revenue/income from the society and in return it is expected to pay back to the society a reasonable share of its income/profits. CSR has emerged in India as a business initiative to deploy a part of its profits for the social well being of the society as a whole. Te concept of CSR is very much relevant and important in India due to social and economic backwardness in many areas. Sustainable Development is the prime objective of Indian Government various initiatives including legislative measures have been taken to ensure that development initiatives are not halted due to paucity of funds. 2030 Agenda for Sustainable Development adopted by World Leaders in September 2015 calls for the member countries to mobilize efforts and resources ending all forms of poverty inequalities and tackle cilmate changes while ensuring that no one from their country is left behind. Here the public Sector Private Sector and Government have to work in a synchronised manner for making CSR initiative an important contributing factor for achievement of SDGs in India.

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