Building Sustainable and Inclusive Future with Indian PSUs

PSU-led CSR projects not only empower people in backward regions but also help strengthen urban development

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CSR is no longer philanthropic goodwill alone; it has become an integral part of corporate strategy aimed at addressing the crucial social and environmental challenges.

The landscape of Corporate Social Responsibility (CSR) is changing drastically in India with a sharp rise in expenditure to nearly Rs 30,000 crore in FY 2023-24. Public Sector Undertakings (PSU) have become the frontrunners in this evolving narrative, leveraging their extensive resources and social responsibilities to spearhead impactful initiatives across several sectors. This evolving CSR is rightfully acting as a dynamic tool for national progress, delivering measurable impact through equity, environmental stewardship and alignment with Sustainable Development Goals (SDGs).

Building a Better Tomorrow with CSR

India is a global trailblazer in CSR regulations to mandate specified companies to spend at least 2% of their average net profit over the last three years on social development. Companies generally engage in CSR activities to address social and environmental issues, and improve the quality of life of the communities they operate in. In India, the government ratified CSR obligations through the Company Act of 2013.

Corporate Social Responsibility generally spans across various fields such as health care, education, rural development, environmental conservation and poverty alleviation. By incorporating CSR models, companies not only contribute to society but also build a stronger and more sustainable relationship with stakeholders along with customers, employees and investors.

CSR Spending Trend in India