Is your business aligned with India’s ESG wave?

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The India CSR Outlook Report 2023 highlights the evolution of Corporate Social Responsibility (CSR) in India, emphasizing a shift from compliance to impactful societal contributions [2][3] - The report indicates that large companies are increasingly prioritizing healthcare and WASH (Water, Sanitation, and Hygiene) as their primary CSR focus, followed by environment and sustainability initiatives [8][19] - A significant portion of companies (55%) prefer government partnerships for initiating CSR projects, and nearly two-thirds (64%) favor project durations of over three years for better outcomes [10][11] Summary by Sections Section I: Board Room Perspective on CSR Priorities - Insights from boardroom discussions reveal the challenges and priorities of CSR projects among leading companies [4][7] - Companies are focusing on data-driven practices to enhance the impact of their CSR initiatives [7] Section II: CSR Portfolio of Large 301 Companies - The CSR portfolio analysis of 301 large companies shows a total prescribed CSR budget of INR 13,426 crore, with actual spending at INR 12,890 crore for FY 2022-23 [28][36] - The report highlights the correlation between women's representation in CSR committees and the prioritization of gender equality initiatives [5][34] Section III: CSR Trend Analysis of Past 9 Years - The report provides a comprehensive analysis of CSR spending trends from FY 2014-15 to FY 2022-23, showing a gradual increase in both prescribed and actual CSR expenditures [38][40] - The data indicates that the majority of companies have rolled over unutilized funds from previous years, impacting their CSR budget for the following fiscal year [39]