Check out our Indian EHS Regulatory Consultant, Riaz Zaman, who wrote an article on Indian CSR legislation for Triple Pundit.
In an effort to encourage socially responsible companies, a bill before the Indian legislature would require companies to spend two percent of their net profits annually on Corporate Social Responsibility (CSR) activities. The Companies Bill, 2012, includes a CSR annual spending requirement, amongst several other requirements that aim to strengthen corporate governance. The lower chamber of the Indian Parliament, the Lok Sabha, passed the bill on December 18, 2012, and it is now being considered in the Rajya Sabha, the upper chamber of Parliament. Support for the bill is strong. Read More!
Riaz Zaman is an environmental lawyer with Enhesa, an international consulting firm counseling industry about environmental, health and safety regulations in over 190 jurisdictions around the world. His work with Enhesa focuses on chemicals management issues at the international level including Asia.