In contemporary world, corporate sector’s contribution in generating wealth and employment is increasing. In doing so, they are bringing in unprecedented onslaught on the climate, environmental sustainability and living conditions of human beings. In this background, do you find that Corporate Social Responsibility (CSR) is efficient and sufficient enough to fulfill the social roles and responsibilities needed in the corporate world for which the CSR is mandated? Critically examine.

Corporate Social Responsibility is the concept of integration of social and environmental concerns into the business operations and interactions with their stakeholders. It is the way through which a company achieves a balance of economic, environmental and social imperatives.

Corporate Social Responsibility (CSR) is efficient way to fulfill the social roles and responsibilities:

• It is internally induced change. So it has greater impact on organisational values and goals.
• It follows the principle of justice – equal sharing of benefit and burden.
• It increase connect with the society and business can solve socially important issues like malnutrition, sanitation etc
• It increases social capital which is an important factor in profitability of companies.

Corporate Social Responsibility (CSR) is not sufficient to fulfil the social roles and responsibilities:

• There must be technological adoption to reduce pollution and environmental degradation.
• Voluntarily more women members must be taken as board members.
• Workers welfare must be paid attention to in line with Gandhiji’s trusteeship principle.

Business without morality is a sin as per Gandhiji. Companies must go beyond CSR to conduct ethical business.