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Corporate Social Responsibility Activites of Infosys

The document discusses corporate social responsibility (CSR) activities of Infosys. It defines CSR as combining economic benefits with environmental sustainability. Companies contribute through protecting the environment, social programs, or employing human resources. Infosys spends over 2% of its net profits on CSR as required by Indian law, funding education, healthcare, rural development, and other social projects through its CSR trust since 1996. While CSR is mandatory for large companies, the document argues it is best when integrated into business operations and done voluntarily rather than just for tax savings.

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Ranjith Gowda
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100 views

Corporate Social Responsibility Activites of Infosys

The document discusses corporate social responsibility (CSR) activities of Infosys. It defines CSR as combining economic benefits with environmental sustainability. Companies contribute through protecting the environment, social programs, or employing human resources. Infosys spends over 2% of its net profits on CSR as required by Indian law, funding education, healthcare, rural development, and other social projects through its CSR trust since 1996. While CSR is mandatory for large companies, the document argues it is best when integrated into business operations and done voluntarily rather than just for tax savings.

Uploaded by

Ranjith Gowda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CORPORATE SOCIAL RESPONSIBILITY ACTIVITES OF INFOSYS

Corporate Social Responsibility is a way of doing business by combining economic


benefits with sustainability of the environment. Companies may contribute to the
environment in many ways among which there are; protection of the environment,
by investing in social, educational, cultural programs or by getting the return on
employed human resources.

CSR is part of Business Ethics. Ethics represent the process of doing things that are
morally correct. Through CSR, companies are trying to maximize their positive impact
on society and minimize the bad one.

CSR and Companies Act of India 2013

The companies, crossing the prescribed threshold, are required to spend at least
2%of their average net profit for the immediately preceding three financial years on
CSR activities.

As per section 135 of the Companies Act 2013 and rules issued there under, CSR
norms are applicable on companies which has

a) Net worth of Rs 500crore or more


b) Turnover of Rs 1000crore or more
c) Net profit of Rs 5crore or more

Corporate Social Responsibility activity of Infosys Limited:

Infosys ltd, an digital services and consulting conglomerate has spend Rs. 342crore as
against its CSR expenditure of Rs 340crore (2%of the net profit of Rs 17,018crore)
towards various schemes of Corporate Social Responsibility as prescribed under
section 135 of the Act, its Annual Report for the year 2018-19 revealed.

Infosys has been an early adopter of CSR initiatives. The company implemented
social development projects primarily through its CSR trust, the Infosys foundation
established in 1996. The CSR works are supporting project in the area of education,
eradication of hunger and malnutrition, art and culture, healthcare, destitute care
and rehabilitation, environmental sustainability, disaster relief and rural
development.

CSR should be inbuilt into the functioning of various activities of corporate sector. It
should be way of life for companies. CSR does not mean ‘earning money by hook or
crook and delivering portion of it as tax saving measures or otherwise in name of
welfare activities.

CSR is not to be mandatory, it may also be voluntary.

Submitted by:

Ranjith (23214)

I MBA ‘B’ section

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