EXPLORING THE ALIGNMENT BETWEEN INDIA’S MANDATORY 2% CSR SPENDING AND THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS (SDGS)
Keywords:
Alignment, CSR Mandate, Companies Act 2013, Social Responsibility, CSR Reporting, India, Social Impact, Sustainable DevelopmentAbstract
The idea of corporate social responsibility, or CSR, has acquired a lot of traction as businesses become more aware of their responsibilities to support sustainable societal development. India’s mandatory 2% CSR spending, as stipulated under Section 135 of the Companies Act, 2013, provides a formal framework for corporate contribution towards social welfare. This article explores the alignment between India’s mandatory CSR provisions and the United Nations Sustainable Development Goals (SDGs). It offers a comprehensive examination of how the 2% CSR mandate supports the achievement of specific SDGs, evaluates the effectiveness of the current system using doctrinal and comparative legal analysis. The study then offers recommendations for strengthening the synergies between corporate practices and global development objectives. The analysis is presented through a comparative framework that maps CSR requirements to SDG targets and highlights the potential for fostering long-term sustainable impact.
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Copyright (c) 2024 Komal Nanda , Neelesh Sharma (Author); CA Mohammad Maroof Beg (Translator)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
