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CS Professional · CSR and Social Governance · Impact of CSR

Under the CSR rules as taught for this paper, a company with average net profit and CSR obligation meeting the prescribed threshold must do what regarding impact assessment of its projects?

The company must get an independent impact assessment for eligible projects that meet the prescribed outlay and duration conditions. The report goes to the Board and is annexed to the annual CSR report; it is not optional or a Registrar approval step.

  1. AUndertake an independent impact assessment for eligible projects meeting the prescribed size and duration conditionsCorrect
  2. BConduct no assessment since CSR is purely voluntary
  3. CSubmit all projects to the Registrar for approval before spending
  4. DAssess only projects carried out through its own employees

Explanation

The CSR Rules require companies meeting a prescribed average CSR obligation to commission an impact assessment through an independent agency for projects meeting set outlay and duration conditions. The assessment report is placed before the Board and annexed to the annual CSR report. It is not voluntary and not approved by the Registrar.

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