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Article

10 Apr 2018

Author:
Shreya Khaitan, India Spend

India: Top 100 companies have inadequate corporate social responsibility commitments

"India's biggest companies still pay little attention to impact on community", 5 April 2018

India’s top 100 companies only have a superficial commitment to corporate social responsibility and few involve the community in development projects, few assess the impact of their business on local communities, few disclose mechanisms to ensure board diversity or have policies to choose suppliers that prohibit child labour, according to an analysis of public disclosures by the India Responsible Business Forum (IRBF)

The number of disclosures increased between 2013 and 2016 showing an increasing openness from companies, but they have become “more careful in reporting over the past one year,” with the number of disclosures stagnating between 2016 and 2017, said Pradeep Narayanan, part of the principal research team of the report... The fewest disclosures were related to the inclusiveness of the supply chain, he said...There is a lack of commitment from companies to provide similar or better living conditions and services to people who are affected by company projects. As many as 90 of 95 companies did not report any such policy, the report found. No company reported local employment generated from their projects.