1Professor, Symbiosis Institute of International Business, Symbiosis International (Deemed University), G. No. 174/1 Hinjewadi, Taluka-Mulshi Dist-Pune, India
2Asst. Professor, Symbiosis Institute of International Business, Symbiosis International (Deemed University), G. No. 174/1 Hinjewadi, Taluka-Mulshi Dist-Pune, India
*Corresponding Author: Dr. Viraja Bhat Symbiosis Institute of International Business, Symbiosis International (Deemed University), G. No. 174/1 Hinjewadi, Taluka-Mulshi Dist-Pune, 411057, India
Online published on 4 June, 2019.
With the enforcement of CSR Act 2013 by Government of India, the corporate sector has been mandated to spend 2% of their average net profit for the last three years on community development related activities. Indian companies have been actively spending the CSR budget on various areas which includes health and sanitation. It has been observed that major emphasis in terms of CSR is on their own areas of interest. The paper aims to investigate the pattern of CSR budget spend in the health and sanitation areas by top 300 stock market listed Indian companies in the context of the UN Sustainable Development Goals.
For the study the data was collected from the annual reports available on the company websites for the financial years 2015, 2016, 2017 and 2018 as also from online financial platforms like Bloomberg.
The preliminary findings of the data suggest that most of the pharma and health care companies CSR spend is focused on health and related areas.
CSR, Health Care, SDG, Pharmaceutical industry
