Development Of The Concept Of Sustainable Development And Corporate Social Responsibility: Exploring The Commonality In Objectives
Sanjeev Kumar Choudhary, Gujarat National Law University
ABSTRACT
‘The world at large, including India, trying to achieve the UN Sustainable Development Goals. It is true that all countries are trying their best but the recent report published showing the rate of progress in this direction is not very enthusiastic. In this context, the recent development in the Indian corporate law through the Companies Act, 2013 whereby the Corporate Social Responsibility is made mandatory for qualifying companies have a great significance. The very nature of philanthropy, which has always been associated with the CSR is available for all whether companies fall under the ambit of Section 135 of the Companies Act, 2013 or not. The rule brought under the Act for guiding the expenditure under CSR, the allowed area and the methods will be very helpful if aligned with the National Priority and Sustainable development Goal’
Keywords: Sustainable Development, Sustainability, Environmental Sustainability, SDGs, Corporate Social Responsibility
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