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CS Professional · CSR and Social Governance · Guidelines on CSR

A CS trainee is tracing how CSR guidance developed in India. She notes a framework issued by the Ministry of Corporate Affairs in 2011 that set out nine principles on social, environmental and economic responsibilities of business and was voluntary for companies. Which framework is this?

The framework is the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, issued by the MCA in 2011. It contains nine principles and was voluntary. BRSR, the DPE guidelines and Schedule VII are different instruments with different origins or binding force.

  1. ANational Voluntary Guidelines on Social, Environmental and Economic Responsibilities of BusinessCorrect
  2. BBusiness Responsibility and Sustainability Reporting format
  3. CGuidelines on Corporate Social Responsibility for Central Public Sector Enterprises
  4. DSchedule VII list of permitted CSR activities

Explanation

The 2011 National Voluntary Guidelines (NVGs) issued by the MCA built on the 2009 voluntary guidelines and set out nine principles. BRSR is a later SEBI disclosure format. The DPE guidelines apply to central public sector enterprises. Schedule VII lists activities and is part of the 2013 Act regime, which is mandatory.

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