Sixty seven per cent of India’s domestic companies have chosen non-government organisations (NGOs) as partners to undertake their Corporate Social Responsibility (CSR) projects, while 58 per cent prefer government departments for the spread of CSR obligations, according to the results of a survey by the Associated Chambers of Commerce and Industry of India (Assocham).
The chamber said 21 domestic Indian companies were working with multilateral or bilateral organisations for CSR activities. The study added 37 percent of the firms had a well-structured foundation for implementing their CSR, while 58 percent domestic companies had formed a separate department to implement CSR.
Twenty one percent of companies have come up with a separate CSR report, the survey found, while only 8 per cent reported their CSR activities in their annual report. That’s substantially lower than the rate for most international firms, the report noted.
“Some companies chose to narrow their focus on a few thematic areas, other companies took a broader view and undertook a large scope of areas to focus on,” said the report. “Of the 24 cases analysed, it was found that there were as many as 16 companies focusing on 3-5 thematic areas, whereas four companies catered to 1-2 thematic areas of work and remaining four stuck to six or more thematic areas.”