Over the years, the Corporate Social Responsibility (CSR) landscape in India has evolved, unlocking conversations between the private sector, development sector and Government agencies. Companies have started evolving their approaches from a compliance/boardroom driven to a more holistic and strategic approach. This is evident from the latest data points as below.
Corporate Social Responsibility (CSR) and Sustainable Development Goals (SDGs) together have tremendous potential to develop an interconnected model for sustainable growth. Companies are aligning their CSR focus areas according to SDGs to meet their CSR mandate. Government has also expanded the scope of CSR with a view to spur the Research & Development (R&D) and innovation ecosystem in the country.
With this as the background – India’s leading financial newspaper, The Economic Times and one of the world’s leaders in audit, tax and advisory services, KPMG had together developed the concept of ET 2Good4Good CSR ratings.
We are happy to announce the launch of the 3rd edition of ET2Good4Good which will help in recognizing organizations that are making unique contribution in the CSR space and setting benchmarks for the corporate world in terms of their contribution to the national priorities and sustainable development goals.
Annual CSR Expenditure less than INR 10 crores
Annual CSR Expenditure of INR 10 crores to INR 30 crores
Annual CSR Expenditure of INR 30 crores to INR 100 crores
Annual CSR Expenditure of atleast INR 100 crores
This is an excellent opportunity for your organization to demonstrate commitment to global challenges and enhance your reputation thus creating value for your stakeholders.
Co-Founder and Chief Executive
Centre for Asian Philanthropy and Society (CAPS)
Co-Founder and Chief Executive
Centre for Asian Philanthropy and Society (CAPS)
India’s leading financial newspaper, The Economic Times and one of the world’s leaders in audit, tax and advisory services, KPMG has together developed the concept of ET 2Good4Good CSR ratings. The awards will help in recognizing organizations that are making unique contribution in the CSR space and setting benchmarks for the corporate world in terms of their contribution to the national priorities and sustainable development goals.
Participating in the awards will have the following benefits for the participants:
The ratings for this year are “2 Good”, “4 Good”, ET Aspire 2 Good”, ET Challenger 2 Good and special commendation.
The criteria for providing the rating to companies under the various categories is currently pending with the jury and the final call will be taken by them during the time of evaluation.
While the evaluation is being conducted for financial year 22-23, for certain pillars like impact of the CSR projects, documents/information around the larger impact created of last three financial years would be considered to ensure thorough evaluation.
While we have asked for CSR project specific information under few pillars, the evaluation will be conducted on overall CSR related process and performance of the company.
The first stage of the process is the filling up of a questionnaire by participating organizations. This covers seven different pillars of Governance, Strategy, Stakeholder Engagement, Monitoring & Evaluation, Reporting, Impact, and Innovation.
Subsequently, KPMG, who are the knowledge partners to ET would be conducting multiple levels of evaluations basis the responses received.
The evaluations would be discussed with the jury and the final rating for the participating organizations would be decided in consultation with the jury.
A gala event would be organized where the participating organizations would be invited, and the ratings would be announced.
ET will also give certificates of commendation to other non-winning companies based on their performance in individual pillars vis-a-vis industry standard.
Post award phase, the feedback loop is completed with KPMG giving individual scorecards through a one-on-one feedback session virtually on request.
Yes, the company is eligible to participate in the awards even though the CSR projects are underway, and completion has not been achieved yet, provided that there is some mechanism in place to track the disbursement and utilization of the funds. The same needs to be shared by the company in the absence of utilization certificates.
Our team will be happy to facilitate your on-boarding on receiving your Expression of Interest on et2good4good@timesgroup.com
