CSR and sustainable development goals in Indian corporate sector

Abstract

This research paper has made an attempt the goal of building a better future; Corporate Social Responsibility (CSR) is a strategy that attempts to systematically incorporate the economic, environmental, and social impacts of business into the management of business. In addition to creating a wealth gap between the rich and the poor, the rise of major corporations and their desire to maximize individual profits have also thrown development and environmental sustainability out of balance. CSR is a concept that is frequently contested between the morality and profitability dichotomies and is interpreted contextually. India argues that both of these dichotomies should be combined through a mandatory CSR obligation. The localization of both CSR and SDG has been used to address the myriad social development difficulties posed by India's cultural diversity. In order to achieve the sustainable development goals of Agenda 2030, the goals of the Indian CSR programmes are further mapped to that document. This strategy has an impact on how much money is directed towards different development programmes through business efforts, government programmes, and corporate initiatives. Even though there has been a lot of work done in the theoretical realm to educate Indian corporations about the importance of social responsibility and environmental ethics as a part of their economic activity, very little has been accomplished so far. The study will also clarify the theoretical and practical contributions made by CSR to the Indian corporate sector's pursuit of sustainable development. To achieve greater harmony between economic developments, environmental sustainability, and public safety, efforts will be made to design a strategy that ensures greater business sector responsibilities and engagement.