Corporate Social Responsibility And Its Execution In India Examined In Light Of Norway, USA And UK

Diya Kulkarni, University of Petroleum and Energy Studies

ABSTRACT

In contrast to Indian CSR, this research paper examines the policies surrounding CSR and how they are implemented in other nations. Nowadays, a lot of people agree that a company's longterm success can be guaranteed by implementing corporate social responsibility. Increasing accountability and enhancing stakeholder management for all parties involved are the specific objectives of CSR. The four pillars of corporate social responsibility are environmental, philanthropic, ethical, and economic. Environmental initiatives highlight the protection of natural resources, whereas philanthropic efforts focus on donations to worthy causes that may not be tied to a business. Ethical responsibility ensures fair and honest business practices, whereas economic responsibility promotes the financial support of the above specified objectives. The primary goals of practically all countries are social and economic aspects of the environment, while the primary focal areas of environmental initiatives differ based on country history, laws, regulations, and other factors as well as individual preferences. This research paper will primarily analyze the government's role, objectives, and policies, all of which have a significant impact on corporate social responsibility. A detailed analysis of the CSR legal mandate and its execution in India will be provided, along with a comparison to the USA, UK and Norway - countries with higher CSR rankings than India.

Keywords: corporate social responsibility, comparison, India, USA, UK, Norway, government, policy.