Published Paper Details:

The World Business Council for Sustainable Development in its publication, Making Good Business Sense, has stated that Corporate Social Responsibility (CSR) is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. The paper discusses that for sustainable development of business and the industry, it is a must that the Corporates, actively and benevolently, indulge in CSR activities. Section 35 of the Companies Act, 2013 read with Schedule VII to the Act, gives details about Corporate Social Responsibility. The paper discusses, how CSR was a need but has now become a necessity, post the Covid-19 Pandemic. The organizations should understand and focus on being sustainable. That is not only the organizations should be economically viable but also have a positive impact on the society. The Covid-19 Pandemic has been largely disruptive not only in India but for the global economy as well. While coping with the distress that the Pandemic has unleashed, a large number of families have fallen into indebtedness and made distress sale of assets; many families were forced even to reduce food intake leading to nutritional distress. The paper discusses that this is where large corporations, by means of CSR, can help in reviving the economy at a much faster pace.