Saurabh Kumar, BA LL.B. (H), Amity Law School, Amity University, Uttar Pradesh
CHAPTER 1 INTRODUCTION
Companies have a moral duty to give back to society, on top of their duties to customers or shareholders, because they need things from society to run well. Enlightened self-interest is another way to talk about CSR. CSR means that businesses care about people and the environment, support fair trade, improve labour standards, help communities, reduce environmental damage, and get their employees more involved. CSR is based on the idea of quid pro quo, which means something for something. CSR gives companies the chance to take part in a wide range of socially responsible projects.
CSR has become an important part of Indian law and society and economy over the past few years. CSR programmes in India and other places have had a number of long-lasting effects. Even so, many people see it as a problem and a reason not to do something. Even though business goals have grown beyond sales and profits, a lot of people don't agree with the idea that CSR hurts small businesses the most.
Over the years, the concept of CSR has undergone several alterations. The capacity to significantly impact society, enhance business, and boost the economy is highly valued by people. Every company has duties that extend beyond merely producing money.
