CSR (corporate social responsibility)

    ESG & Governance

    A company's spending on social and environmental causes outside its core business; in India, a legal requirement for larger companies.

    Section 135 of the Companies Act applies to companies with a net worth of ₹500 crore or more, turnover of ₹1,000 crore or more, or net profit of ₹5 crore or more in the previous year. They must spend at least 2% of their average net profit of the last three years on activities listed in Schedule VII. CSR is different from ESG: CSR is spending outside the business, while ESG is about how the business itself is run.

    Related terms

    CSR committeeUnspent CSR accountSchedule VIIESG (environmental, social and governance)

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