Understanding Corporate Social Responsibility and Socially Responsible Investing - Part 1
Enterprises are often built with the objective of generating profits. However, as the business grows overtime and establishes itself, it needs to stand for more than making money. In India, multinational enterprises are governed by corporate guidelines and practices that dictate goals for sustainable development for the society. The dialogue on Corporate Social Responsibility (CSR) is about six decades old. Roots of CSR can be traced back to corporate philanthropy, popular in North America in the 1950s. Back then, CSR encompassed a one-time charitable donation supporting a social cause. In the recent past, the importance and form of CSR is not restricted to donating money. Businesses are increasingly interested to weave social support culture into their organizational fabric. CSR in India manifested in three major forms with businesses creating trusts and institutions dedicated to a social cause. In the 1890s Jamshedji Tata developed scholarships to aid students in pursuing ed