Resolving ‘Grand Challenges’: India's Mandatory CSR in Practice

Abstract

In recent times the government has emerged as an enabling and empowering facilitator promoting the adoption of corporate social responsibility (CSR) by businesses to leverage economic competitiveness and growth. India provides a unique context to explore the mandated role of government in relation to CSR specifically within the context of understanding its effective use to resolve grand challenges which the country is facing at present. Grand challenges are complex social, economic and environmental problems which require innovative and collaborative solutions. In this chapter we explore extant secondary data, related to CSR and Sustainable Development Goals (SDGs) to examine whether mandatory CSR implementation which has been unfolding in India over the last few years has been effective in addressing India's grand challenges. Specifically, it focuses on the role of the Indian government, at the national and state levels, in directing CSR activities towards the SDGs.

Citation

Ray, S. and Beddewela, E. (2022), "Resolving ‘Grand Challenges’: India's Mandatory CSR in Practice", Crowther, D. and Seifi, S. (Ed.) The Equal Pillars of Sustainability (Developments in Corporate Governance and Responsibility, Vol. 17), Emerald Publishing Limited, Leeds, pp. 225-240. https://doi.org/10.1108/S2043-052320220000017011