editedbook
Publication: IIP Proceedings Year: 2022, Month: November Page No: 241-250, ISSN/ISBN: 978-93-95632-91-1, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl2023E511F15E86A0206.pdf
SUSTAINABILITY, RISK MITIGATION AND CSR PRACTICES: RETROSPECT AND PROSPECTS
Area/Stream: Management, Authors: Dr. Indrajit Goswami Keywords: Corporate Philanthropy, Charity, CSR, Rural Development, Community Welfare, Stakeholders, Sustainability, Climate Risk. Book Name /series: Futuristic Trends in Management, Volume 2, Book 5, Part 4, Chapter 1Publication: IIP Proceedings Year: 2022, Month: November Page No: 241-250, ISSN/ISBN: 978-93-95632-91-1, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl2023E511F15E86A0206.pdf
Abstract:
The broader social perception about Corporate Social Responsibility (CSR) has been shifted from its earlier identity as a checkbook philanthropy in to a more futuristic and inclusive initiatives. In general, the corporate companies and houses in India are involved in similar initiatives, but mostly their contributions were occasional and benefited people in their neighboring areas. There are different philosophies and even apprehensions about CSR initiatives, and the dilemma of whether it should be pro-business or pro-people is still unresolved. As the dilemma continues, the initiatives to date have failed to mature into any replicable or sustainable model. Furthermore, growing concerns about the threat of climate-related physical and transition risks and the development of a workable approach to assessing, measuring and reporting these risks are creating new challenges for business organizations. In CSR, there is potential to integrate programs and plans with emerging ESG disclosure requirements, SDG-2030 and climate risk mitigation initiatives. This is possible if there has been a coordinated and integrated effort, appropriate policies, a well-defined responsibility framework and a credible governance system. With a retrospective analysis of the sector, this article aims to explore its prospects for inclusive approaches and adherence to sustainability principles for ensuring circular economy and climate recovery.
Cite this: Dr. Indrajit Goswami,"SUSTAINABILITY, RISK MITIGATION AND CSR PRACTICES: RETROSPECT AND PROSPECTS", Futuristic Trends in Management, Volume 2, Book 5, Part 4, Chapter 1, November, 2022, 241-250, 978-93-95632-91-1, https://www.rsquarel.org/assets/docupload/rsl2023E511F15E86A0206.pdf
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