Crisil Foundation: CSR spending needs better distribution

Crisil Foundation Further, the National CSR Portal indicates 24,392 listed and unlisted companies cumulatively spent Rs 29,987 crore on CSR projects in fiscal 2023.

- TBG NETWORK

A decade since government regulations mandated spending and reporting on corporate social responsibility (CSR), there is a need for deeper and more inclusive action, an analysis of 1,871 eligible listed companies that spent Rs 14,714 crore on over 3,200 unique projects in fiscal 2023 indicates.

The analysis categorized these companies based on their headquarter locations, CSR spend and the states where their CSR projects were implemented.

Separately, it examined the top 100 companies by CSR spend in aspirational districts, as identified by Niti Aayog.

The results of the analysis, captured in Crisil's CSR Yearbook 2024, show significant concentration of CSR spend, companies and projects in a few clusters of states, while others – some more in need of intervention – get little.