Corporate Social Responsibility in the Realm of Sustainable Development: An Indian Perspective

Corporate Social Responsibility (CSR) and Sustainability Development (SD) involve social and legal issues, which makes it relevant to research on this topic. Giant corporate has gained immense power and potential to influence the society from where they use the resources for their day to day operations and makes them responsible to the stakeholders, i.e.; employees, environment, suppliers, customers, government, society, etc. They are to function in a manner that the development should be sustainable. The resources should be utilized effectively and efficiently that the coming generations should also be protected with their right to use those resources. Corporates are duty-bound for meeting the current needs of this generation without compromising the ability of the next-generation to meet their needs. CSR helps in bridging the gap for social welfare programs along with the government for SD. This paper focuses on the concept of CSR and SD and how they can ensure the attainment of Sustainable Development Goals (SDG’s) within the framework of the Companies Act, 2013, and the provisions therein.