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When it comes to corporate social responsibility, India's government and public sector companies are at the top of the list.
But when it comes to companies of all sizes, they're at the bottom, the Economic Times reports.
According to a survey of 185 organizations by consulting firm Deloitte, only 28% of Indian companies feel "very prepared" to deal with the "complexities of impact investing."
The survey also found that nearly half of government and public-sector organizations were "the highest level of unpreparedness," the Times of India reports.
The survey found that one in four companies in India spend more than $100 million on CSR, and 80% of those organizations say it's a "critical part" of their strategy.
"CSR has evolved from a compliance function to a strategic driver of corporate strategy, now prominently featured on boardroom and investor agendas," says Sumeet Salwan, a partner at Deloitte India.
The survey also found that companies in the financial, technology, media, and telecommunications sectors were most likely to have a CSR team.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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The president of the University of Dubai was among dozens of women honored for their achievements in business, health, media, the arts, and technology at the fourth annual Excellence Awards in Dubai...more
Three women from Australia's Indian community have been named in the country's Order of Australia for their contributions to society. Harinder Kaur, 29,Niharika Hiremath, 29, and Sakshi Thakur,...more
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Babangida Zama is a 23-year-old college student in Kano, Nigeria. He's also the leader of the group that won the Rising Awareness Action pitch competition on Saturday, receiving a $100,000 grant...more
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The city of Fremantle, Australia, has given more than $66,000 to 11 community, youth, and arts organizations in a bid to "make Freo a more inclusive, vibrant, and creative place," Mayor Hannah...more
Foundation: Marin Community Foundation
Over the next three years, the Marin Community Foundation will spend $30 million to support 80 nonprofits in Marin County, Calif., the San Francisco Chronicle reports. That's a big change for the...more
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Why Not Lease A Jeans?
Dutch fashion label, Mud Jeans, has launched its Lease a Jeans brand. The jeans are crafted of organic and recycled cotton and are 100% responsibly produced.
