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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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Spotlight
Philanthropy as Key Enabler to Work on ‘Wicked Problems’
Australia’s Melbourne City Mission Chief Executive Officer Ric Holland writes how philanthropy can act as an enabler on many levels.
