India rates high on CSR quotient

India rates high on CSR quotient
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First Published: Fri, Apr 13 2007. 11 10 AM IST
Updated: Fri, Apr 13 2007. 11 10 AM IST
PTI
New York: India is among countries where more than four out of five organizations are practicing Corporate Social Responsibility (CSR), ranging from donating to local charities to undertaking global fair labour standards, according to a survey.
The international Survey by the Society for Human Resources Management (SHRM) found that human resources personnel in India, Brazil, Mexico and Australia are more likely than those in the United States to report that their organization has formal CSR policies.
Brazil reported highest participation rate at 95% with US at 91%.The reports cites that employees in India and Brazil are encouraged to spearhead volunteer programmes.
China has the lowest percentage for encouraging employees to spearhead CSR programmes and Chinese respondents reported the lowest rate of participation in CSR practices.
The study, titled ‘2007 Corporate Social Responsibility: A Pilot Study´, surveyed human resource (HR) professionals in India, the United States, China, Mexico, Brazil, Australia and Canada.
“Organizations are increasingly assessing social and environmental impact of their business decisions,” said Susan Meisinger, president and chief executive officer of SHRM.
“As a result of globalization, I believe more organizations will incorporate CSR practices in their business strategies. As these practices increase, HR professionals will play a larger role in CSR programmes, from strategy to implementation.”
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First Published: Fri, Apr 13 2007. 11 10 AM IST
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