A Study on the Significance of CSR Implementation in Some Select Industries
DOI:
https://doi.org/10.54741/MJAR/6.1.2026.286Keywords:
CSR, sustainable development, CSR implementation, companies act. 2013Abstract
Corporate Social Responsibility (CSR) has emerged as a vital component of modern business strategy, extending corporate objectives beyond profit generation to include social and environmental responsibilities. This study examines the significance of mandatory CSR implementation in India, introduced under Section 135 of the Companies Act, 2013, and analyses the pattern of CSR expenditure across different industries. The research adopts a descriptive and analytical approach based on secondary data. Key industries such as FMCG, Automobile, Information Technology, Oil and Gas, and Pharmaceuticals are considered to understand sector-wise CSR initiatives and priorities. The findings indicate that CSR activities across industries primarily focus on education, healthcare, environmental sustainability, skill development, and community welfare, though the emphasis varies according to industry characteristics. The study concludes that CSR not only contributes to addressing socio-economic and environmental challenges but also enhances corporate reputation, stakeholder trust, and long-term sustainability, making it an important mechanism for promoting inclusive and sustainable development in India.
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Research Articles in 'Management Journal for Advanced Research' are Open Access articles published under the Creative Commons CC BY License Creative Commons Attribution 4.0 International License http://creativecommons.org/licenses/by/4.0/. This license allows you to share – copy and redistribute the material in any medium or format. Adapt – remix, transform, and build upon the material for any purpose, even commercially.
