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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.
Foundation: Susan Thompson Buffett Foundation, Gates Foundation
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Foundation: Heinz Endowments, Richard King Mellon Foundation
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Big Brothers Big Sisters of Central Ohio is using nearly $1 million in grants from Battelle to create after-school and summer programs focused on science, technology, engineering, and math for...more
If you're an engineer looking to make your mark in the tech world, Forbes has just the list for you. The magazine interviewed 11 engineering leaders, including James Dyson of vacuum company...more
Art, science, technology, conservation, and design are coming together in a new lab at MIT to address climate change in the Mediterranean region, the Boston Globe reports. Called the MIT-LUMA...more
The World Bank is calling for urgent action to help small island developing states (SIDS) deal with the effects of climate change as leaders from the nations meet in Antigua this week. The bank's...more
Fast fashion is here to stay, at least according to a new report from the European Commission, which notes that by 2050, the fashion industry is expected to be responsible for more than one-third of...more
The global impact investing market was valued at $478.15 billion in 2023, and is expected to reach $550.52 billion by 2024, at a compound annual growth rate (CAGR) of 15.1%, according to a new...more
A startup in the Czech Republic is hoping to change the way people think about energy. Delta Green, formerly known as Nano Green, says it has received $2.2 million in funding to expand into...more
Richard II is coming to the Asheville, NC, stage this summer. The Montford Park Players will perform the English king's rivalry with his successor, Henry IV, in the 2024 season, titled Muse of...more
Nonprofit Management News from...
Logan Healthcare Foundation
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North Texas Community Foundation
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Gulf Coast Community Foundation
Social Entrepreneurship
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.
