International Journal of Social Science & Economic Research
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Title:
EMPOWERING COMMUNITIES: A STUDY OF CORPORATE SOCIAL RESPONSIBILITY IN INDIA AND ITS IMPACT ON SOCIAL AND ENVIRONMENTAL DEVELOPMENT

Authors:
Aarav Tapuriah

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Aarav Tapuriah
Cygnus World School

MLA 8
Tapuriah, Aarav. "EMPOWERING COMMUNITIES: A STUDY OF CORPORATE SOCIAL RESPONSIBILITY IN INDIA AND ITS IMPACT ON SOCIAL AND ENVIRONMENTAL DEVELOPMENT." Int. j. of Social Science and Economic Research, vol. 8, no. 4, Apr. 2023, pp. 804-826, doi.org/10.46609/IJSSER.2023.v08i04.018. Accessed Apr. 2023.
APA 6
Tapuriah, A. (2023, April). EMPOWERING COMMUNITIES: A STUDY OF CORPORATE SOCIAL RESPONSIBILITY IN INDIA AND ITS IMPACT ON SOCIAL AND ENVIRONMENTAL DEVELOPMENT. Int. j. of Social Science and Economic Research, 8(4), 804-826. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i04.018
Chicago
Tapuriah, Aarav. "EMPOWERING COMMUNITIES: A STUDY OF CORPORATE SOCIAL RESPONSIBILITY IN INDIA AND ITS IMPACT ON SOCIAL AND ENVIRONMENTAL DEVELOPMENT." Int. j. of Social Science and Economic Research 8, no. 4 (April 2023), 804-826. Accessed April, 2023. https://doi.org/10.46609/IJSSER.2023.v08i04.018.

References

[1]. Centre for Social Responsibility and Leadership. (n.d.). About CSR in India: Public Policy. Retrieved April 21, 2023, from https://csrcfe.org/about-csr-in-india-public-policy/
[2]. Cosmo First. (2023). Annual Shareholders Report.
[3]. CSRBOX. (n.d.). ITC Limited. Retrieved April 21, 2023, from https://www.csrbox.org/India_Company_ITC-Limited-West-Bengal_34
[4]. CSRBOX. (n.d.). Tata Consultancy Services Ltd. Retrieved April 21, 2023, from https://csrbox.org/India_Company_Tata-Consultancy-Services-Ltd-Maharashtra_16
[5]. CSR Company. (n.d.). Memorable quotes on ethics, CSR, and sustainability. Retrieved April 21, 2023, from https://www.csr-company.com/resources-corner/words/memorable-quotes-ethics-csr-and-sustainability
[6]. Government of India. (n.d.). Corporate Social Responsibility (CSR) in India. Retrieved April 21, 2023, from https://www.csr.gov.in/
[7]. India CSR. (2022, April 6). Corporate Responsibility in Action: The Top 10 Companies Leading the Way in CSR for FY 2021-22. Retrieved April 21, 2023, from https://indiacsr.in/corporate-responsibility-in-actionthe-top-10-companies-leading-the-way-in-csr-for-fy-2021-22
[8]. India CSR. (2021, April 16). Top CSR Spenders of FY 2020-21. Retrieved April 21, 2023, from https://indiacsr.in/top-csr-spenders-of-fy-2020-21/
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[10]. JSDM. (n.d.). Corporate Social Responsibility (CSR) Companies. Retrieved April 21, 2023, from https://jsdm.in/corporate-social-responsibility-companies/
[11]. Ministry of Corporate Affairs. (2013). Companies Act.
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[15]. The Guardian. (2003, July 5). Fighting poverty with a profit. https://www.theguardian.com/business/2003/jul/05/unilever1

ABSTRACT:
During my 9th and 10th grades, from March 2020 to December 2021, I witnessed the extensive impact of COVID-19 on all aspects of life. Seeing how businesses shut down and individuals and communities were impacted, I realized that I wanted to pursue business, but with a specific focus on the role business can play in the community. Although I had always been interested in business and entrepreneurship, this period solidified my decision. I searched for opportunities to study or intern in companies during my summer holidays, but due to the pandemic, these possibilities did not exist. Instead, I followed the news, which was dominated by growing COVID-19 numbers, vaccinations, and mainly the human aspect. I saw how people were struggling with their jobs, taking care of their families, and adapting to several new realities of life. However, what impressed me the most was how the Indian corporate sector, including Indian companies of all sizes and multinationals in India, went the extra mile to help people who had lost their jobs or were facing hardships within their families. I realized that these activities fell within the scope of Corporate Social Responsibility (CSR), which companies regularly do. I also witnessed my mother working in community-building initiatives even before the pandemic. I realized that CSR is a crucial aspect of business, particularly in India, and that I wanted to explore it further. My research paper focuses on CSR, its types, scope, the top 10 companies in India by CSR spends. It also features case studies of two large Indian corporations that I admire for their diversity, namely ITC and TCS, as well as Cosmo First, with which I was personally involved in CSR. Overall, I was impressed not only by the extent and wide range of CSR activities and budgets that Indian companies have, but also by how they go beyond what is prescribed. CSR is a way for companies to demonstrate inclusiveness in their success.

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