Understanding CSR investment for Sustainable Development: A Five – Year Review in India

DOI

10.2991/978-94-6463-544-7_38How to use a DOI?

Keywords

Corporate Social Responsibility (CSR); Sustainable Development Goals (SDGs); CSR Expenditure; Public Sector Undertakings (PSUs); Impact Analysis

Abstract

Companies have the capacity to contribute positively to society by allocating a portion of their profits towards Corporate Social Responsibility (CSR) initiatives. This study delves into the pivotal role of CSR in advancing Sustainable Development Goals (SDGs). Analysis of CSR expenditure by both Public Sector Undertakings (PSUs) and non-PSUs over the past five fiscal years reveals significant insights. The findings underscore the instrumental role of CSR activities in aligning with and furthering the SDGs, as evidenced by their impact on 15 out of the 17 established goals. Particularly noteworthy is the allocation of CSR funds towards sectors such as education, hunger and poverty alleviation, and healthcare, which not only reflect the priorities of the SDGs but also contribute substantially to their achievement. Specifically, SDGs 1, 2, 3, and 4, targeting poverty eradication, hunger alleviation, healthcare enhancement, and education provision respectively, are significantly supported by CSR investments. This underscores the vital synergy between CSR efforts and the broader agenda of sustainable development outlined by the SDGs.

This paper explores the crucial role of Corporate Social Responsibility (CSR) in advancing Sustainable Development Goals (SDGs). By analyzing CSR expenditures from PSUs and non-PSUs over five years, it highlights significant insights into corporate contributions to SDGs, especially in education, poverty alleviation, and healthcare, demonstrating their broad impact and strategic alignment.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Pushpa Rani
AU  - Pooja Sharma
AU  - Monisha
AU  - Mamta Malik
PY  - 2024
DA  - 2024/10/17
TI  - Understanding CSR investment for Sustainable Development: A Five – Year Review in India
BT  - Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024)
PB  - Atlantis Press
SP  - 579
EP  - 592
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-544-7_38
DO  - 10.2991/978-94-6463-544-7_38
ID  - Rani2024
ER  -