Corporate Social Responsibility (CSR)

Answer:

Corporate Social Responsibility (CSR) is the responsibility of a company towards society and the environment beyond earning profit. Under Section 135 of the Companies Act, 2013, every company with a net worth of ₹500 crore or more, or turnover of ₹1,000 crore or more, or net profit of ₹5 crore or more in a financial year must spend at least 2% of its average net profit of the last three years on CSR activities. Such activities include eradicating hunger and poverty, promoting education, health care, gender equality and environmental sustainability.