Sustainable development is a constant process for meeting the human development goals, by reserving the available resources for the future generation. According to a United Nations report, India’s population encompasses about 1.2 billion people and is expected to grow by another 300 billion in the next couple of decades. With the booming population in India, achieving sustainable development has become increasingly important.
Due to the huge demographic expanse of India, a large population tends to be bereft of the basic necessities of life. As, India’s performance continues to be below the global average in most of the Human Development Indicators (HDI), the United Nations Development Program (UNDP) ranks India at the 135th position in the Human Development Index (HDI). The United Nations have devised the Sustainable Development Goals (SDG’s), which are targets for the
United Nations member states, to redefine their governmental, social and business operations and rank higher in the HDI.
The Corporate Social Responsibility (CSR) Act of 2013 is a crucial step towards attaining the Sustainable Development Goals. CSR is more of a business practice that involves business entities in participating in initiatives that benefit the society and adopt sustainability into the core of their operations. The CSR programs adopted by companies ranges from community development to development in education, environment and healthcare, among others. TATA group has allocated around 100 crores in their CSR budget towards education, through the Tata Education Excellence Program. Wipro’s “Applying Thought in Schools” is a part of its CSR initiative “Wipro cares”. This program has brought together 1000 schools, 10,000 educators and 30 social organizations across 17 states in the country to create a reform in the field of education.
Source of Information: www.indiacsr.in
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