Significance of CSR
Table outlining the Corporate Social Responsibility (CSR) allocation shares in different regions, along with their respective regulatory bodies:
Requirement of CSR Share allocated by corporate by Regional Regulatory Bodies:
Pakistan : 2% of profits by Securities and Exchange Commission of Pakistan (SECP)
India: 2% of average net profits over the last 3 years by Ministry of Corporate Affairs (MCA)
European Union: Varies by country as per European Commission and National Regulations ( ECNR)
United States: Voluntary, varies by state and industry by Securities and Exchange Commission (SEC)
China: 0.5-2% of profits (varies by industry) by Ministry of Ecology and Environment (ME&E)
Australia: Voluntary, encouraged by Australian Securities and Investments Commission (ASIC)
Brazil: Voluntary, varies by industry by Comissão de Valores Mobiliários (CVM)
Canada: Voluntary, varies by province and industry by Canadian Securities Administrators (CSA)
This table provides a clear overview of CSR allocation requirements and the corresponding regulatory bodies in various regions, helping businesses to align their CSR strategies with local regulations..
Corporate Social Responsibility (CSR) is a business model in which companies integrate social and environmental concerns into their operations and interactions with stakeholders. Its significance lies in promoting sustainable development, enhancing corporate reputation, and fostering consumer and employee trust.
