Chief executives and sustainability officers of leading corporate groups are looking for a road map from the government on corporate social responsibility (CSR).
Sources said companies were ready to spend two per cent of profits on CSR, as mandated by the new Companies Bill, but were not sure where to invest. These were some of the comments made at the World CEO Sustainability Summit on Wednesday, featuring around 150 corporate leaders and organised by TERI-Business Council for Sustainable Development with the World Business Council for Sustainable Development (Geneva). CSR should not be measured in money spent, Arun Maira, Member of Planning Commission, said.
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