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FROM THE EDITOR

Update on India’s CSR Mandate Law: Spending is Increasing

The latest data on spending on CSR by companies in India show a substantial increase, according to the “India CSR Outlook Report.” Figures for 2015-16 total 92 percent of actual CSR spend to the prescribed CSR, compared to 79 percent in 2014-15. The report, an analysis of 250 companies listed on the Bombay Stock Exchange, shows that most of the funding was directed to education, health-care, skill development and sanitation. This trend is being closely watched, as India is the only country with a law that requires CSR spending by large companies. The Companies Act of 2013 requires a spend of two percent by large companies on CSR. In India’s case, to date, mandated CSR seems to be producing results.

John Howell, Editorial Director 

ReportAlert: Stockland publishes 2016 Annual Review & Sustainability Reporting

News & Blogs

1 hour 46 min ago

(3BL Media/Justmeans) – A broad consensus has emerged over the years that companies should invest in corporate responsibility and sustainability initiatives. But how much should be such investment, and whether it will detract from or boost the bottom line, continue to be hotly debated issues. What is clearly established is that it is not enough to do CR, but one must do it well in order to achieve measurable benefits.


2 hours 46 min ago

(3BL Media/Justmeans) - Former New York mayor and philanthropist Michael Bloomberg ​has announced a donation of​ $300 million to create the Bloomberg Health Initiative. The fund will​ go ​to the Johns Hopkins Bloomberg School of Public Health, which, along with other institutions, will focus on five areas that ​most impact ​public health: drug addiction, obesity, gun violence, adolescent health, and environmental threats.


12 hours 16 min ago

Guest blog by Tina Hodges

When I was young, my parents taught me that helping other people is a part of life—if you’re fortunate enough to have, you should give to people who don’t. That’s why I believe that as business owners, it’s our responsibility to give back to our communities. But, managing corporate giving can be a full-time job, and that may mean that it’s time to create a separate entity to facilitate it.


1 day 7 hours ago

(3BL Media/Justmeans) –  All 193 United Nations (UN) member states have signed a landmark agreement pledging to fight the threat of antimicrobial resistance – the fourth time a UN declaration has been reached on a health issue, following HIV in 2001, chronic illnesses in 2011 and Ebola in 2013.


2 days 13 hours ago

(3BL Media/Justmeans) - In regions not connected to the grid, people often have to rely on burning wood or kerosene to get lighting. But with recent advances in portable solar, a new, clean solution is becoming available to an increasing number of people in those regions.


3 days 7 hours ago

Big companies are taking climate change very seriously. Before the December 2015 climate talks in Paris, 154 companies signed the pledge to demonstrate their support for action on climate change. The 154 companies have operations in all 50 states, employ almost 11 million people, represent over $4.2 trillion in annual revenue and have a combined market capitalization of over $7 trillion. 


3 days 7 hours ago

(3BL Media/Justmeans) –  Earlier this year, the Indian government approved a $1.3bn insurance scheme for its farmers, protecting them against crop failures as a way to help put a stop to a spate of suicides. Two hard and devastating successive years of drought have battered the country’s already struggling rural heartland, with farmer suicides in rural areas regularly making news. Since 1995, more than 300,000 farmers have killed themselves.


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