The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 signify the evolution of CSR in India, moving beyond compliance to a more strategic, structured and impact focused approach. This article outlines what stands out for us at 4th Wheel, in terms of the Government’s directive on how CSR is to be approached and undertaken by …
CSR: COMPANIES (CSR POLICY) AMENDMENT RULES 2021 INDIA Read More »
A baseline assessment is an analysis of the current situation to identify the starting points for a program or project, setting a benchmark against which future progress can be assessed or comparisons made. Baseline information builds a database against which to monitor and assess a program’s feasibility, progress and effectiveness – during implementation, and after the program is …
The amended CSR rules of 2021 require that any corporations now view CSR activities in a more scientific way, investing in impact assessment studies of their CSR projects for enhanced social impact. This showcases a positive approach to moving beyond philanthropy and integrating the idea of ‘shared value creation’ among businesses in India. Social Impact …
Why is Social Impact Assessment Important in India? Read More »
The CSR Companies Act of 2013 brought the importance of social responsibility of business to the forefront by mandating Corporate Social Responsibility spends. It propelled the private sector to develop a CSR policy, have a rigorous plan for implementation and address key socio-economic needs of communities they operate within. The amended CSR rules of …
What are the Benefits of Corporate Social Investments? Read More »
Social Impact management is an ongoing practice of measuring and improving social investment outcomes, to reduce negative and increase positive impacts of an organisation’s activities. It moves beyond impact measurement as an ‘after thought’ to measure successes of program implementation, and recognises that ‘effective impact measurement is an ongoing process’. Social Impact Management enables organizations …
