Role of CSR in Addressing Human Development Indices Inequalities

Abstract

Aggressive, result oriented, comprehensive, co-operative and co-ordinated approach is needed on part of companies in their CSR activities to have an impact on the stakeholders living in the region where the industries are operating. While companies are spending huge amounts in areas of their own interest, there is very little co-ordination and co-operation among the companies spending on CSR activities. There is duplication of CSR activities which in turn reduces the chance to take up high impact CSR activities.