In 2013, Corporate Social Responsibility (CSR) was made mandatory to encourage public-private participation in sustainable development aimed at reducing income inequalities. Corporates invest CSR in education, healthcare, and rural development, thus supporting public welfare. CSR spend has steadily increased over the years.
The study was conducted to understand the trends in CSR spend and how CSR is mapped or linked to Sustainable Development Goals (SDGs). The study examines the qualitative and quantitative aspects of CSR and examines how corporates map CSR to SDGs. The study examined the financial reports of ten corporates to analyze the nature of CSR spend. To determine whether CSR is aligned to SDGs, the CSR interventions in Education were examined and analyzed against the country specific SGD-4 targets set by the United Nations. The study reveals that Education is the biggest benefactor of CSR spend. CSR interventions in Education are aligned with the SDG targets. However, due to challenges in interpreting data an exact measurement is not possible. Gaps exist in implementation of CSR. A collaboration approach adopted by Government will help corporates to efficiently invest CSR in the SDG targets.
Corporate Social Responsibility (CSR), Education, Sustainable Development Goals (SDGs)
