Karmayog released its 2011 CSR list. This year the CSR study and ratings present a snap-shot of the largest 500 companies in India, with specific focus on their CSR initiatives. The study shows how different kinds of companies (government owned, private, multi-national) from different industry sectors are responding to global and local conditions that demand and need more responsible behavior by all stakeholders, especially corporations.
Karmayog is an organization based out of Mumbai, India. It has a firm finger on the pulse of the corporate world and is able to give a rather unbiased view of CSR activities. This is the fourth year of the Karmayog CSR Ratings. Since the study was started in 2007, there has been a greater awareness and practice of CSR in India.
The 2011 study shows that more companies are reporting their CSR activities and that the government has framed voluntary CSR recommendations for companies. Over the past four years, there has been an increase in companies undertaking some form of CSR. The number of companies with a Level 4 or Level 3 rating, has remained similar. The study also includes sector-specific tables and ratings that show how companies in different industry sectors are undertaking CSR, and also highlight the best practices by companies in a sector.
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