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.
