World bank csr program
It is about working together - with government, with civil society, and with the community - to improve the lives of millions of people by making growth more inclusive. Key areas of engagement include: analytical activities, institutional design, shareholder consultations, capacity building and knowledge sharing. The World Bank is also engaged in helping the Department of Public Enterprises to develop an independent institutional structure to facilitate the CSR work of state owned enterprises, or public sector enterprises PSEs as they are referred to in India.
The firm is headed by Michael Porter and Mark Kramer. The workshops aimed to train Indian corporates private and public sector on the concept of Creating Shared Value - in other words, innovative management thinking concerning the relationship between business and society. The award recognizes the well-performing CSR work of companies. Formulated by the Ministry of Corporate Affairs, the Bill places human development front and center of the CSR agenda and specifies that it is an important area for corporates that warrants Board-level leadership.
Under the Bill, all profit-making companies will be required to spend two per cent of their average net profit of the previous three years on CSR activities. The norm is valid only for companies with net worth of Rs.
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