Csr Activity Transcends Compliance Boundaries, Companies Embrace Impact Investing: Deloitte

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Indian companies are spending more and more time thinking about how to make a positive impact on the world around them, the Economic Times reports.

According to a survey of 185 companies by consulting firm Deloitte, 50% of them say they're "re-evaluating" their corporate social responsibility strategies.

And 25% say they spend more than $100 million a year.

The survey also found that only 28% of companies feel "very prepared" to navigate impact investing, the Times of India reports.

"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 Deloitte India partner.

Salwan says companies are starting to realize that CSR is "indispensable component" in India's development narrative.

According to the survey, 80% of companies now see CSR as a "critical element" in their overall strategy.

Companies are looking for new ways to make a positive impact on the world, including through social bonds and pay-for-success models. Read the Entire Article

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