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CS Professional · CSR and Social Governance · Impact of CSR

Kaveri Steels Ltd is bound to conduct impact assessment of an eligible CSR project. The board wants its own internal CSR team to carry out the study to save cost. Under the CSR Rules, what is the correct position?

The assessment must be conducted by an independent agency. Neither the company's own CSR team nor the implementing agency can substitute for it, because the Rules require independence in evaluating outcomes of eligible projects, and committee approval cannot override that requirement.

  1. AThe assessment must be done through an independent agencyCorrect
  2. BThe internal CSR team may do it if the CSR Committee approves
  3. CThe company secretary may certify it in place of any study
  4. DThe implementing agency may self-assess and report to the board

Explanation

The Rules require impact assessment to be carried out by an independent agency for eligible projects. Internal teams or implementing agencies lack the independence the Rules demand, so approval by the committee does not cure the defect.

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