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CS Professional · CSR and Social Governance · Social Stock Exchange

A company, Surya Industries Ltd, wants to count its contribution to a registered non-profit organisation listed on the Social Stock Exchange towards its CSR obligation, and wants to know what evidence supports its own CSR reporting. Which is the most appropriate approach?

The company should report the project and its outcomes in its own board-level CSR disclosures and can use the non-profit's impact report as supporting evidence. Giving only the amount or a cheque number is insufficient because CSR rules require project-wise disclosure and outcomes.

  1. ANo evidence is required if the amount is under Rs 1 crore
  2. BRely on the non-profit's impact report and the company's own board-level CSR reporting of the project and its outcomesCorrect
  3. CReport only the cheque number in the annual report
  4. DReport only the amount without naming the project

Explanation

The company must still report CSR projects and outcomes in its Board's report and CSR records, and the non-profit's impact report supports the outcome evidence. Reporting only a cheque number or amount fails the disclosure requirement.

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