PARIPEX - Indian Journal of Research

NEERU CHAUHAN

Volume : VIII, Issue : V, May - 2019

CORPORATE SOCIAL RESPONSIBILITY- A MYTH IN DEALING WITH ENVIRONMENT SUSTAINIBILITY AND FOR ITS PROTECTION

Neeru Chauhan

Abstract :

Corporate social responsibility is now a mandatory provision for the companies to follow, as according to the new provisions of company Act 2013. Schedule VII of the act specify many activities under which companies can spend their money on any of such activities on the name of CSR, if they are profit making companies according to section 135 of the said act. Putting environment under one of the heads in among such activities shows the law maker has completely ignored the major responsibility to protect the environment rather it gives a choice to companies to choose and spend their money in any of such activities. Most of the companies choose such activity to spend their money which are primarily focused on anding and promoting companies product rather focusing on social responsibility of protecting the environment. This research paper is critical analysis of corporate social responsibility towards the environment.