Political CSR in India: Analysis of Indian participants in the Global Compact in the pre and post mandate period

by India CSR

8 years ago

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Reading Time: 2 mins read

‘Political CSR in India: Analysis of Indian participants in the United Nations Global Compact in the pre and post mandate period’ is a Chapter authored by Vikrant Shirodkar in the book Corporate Social Responsibility in India: Cases and Developments after the Legal Mandate edited by Ms. Nayan Mitra and Dr. Rene Schmidpeter and published by Springer International Publishing, Switzerland under its CSR, Sustainability, Ethics and Governance series. The Book is available both in e-version and hard copy from Springer as well as Amazon and many other online book stores all over the world. The abstract of the chapter is as follows:

Abstract: Research on the political connotations of Corporate Social Responsibility (CSR) has been gaining momentum. Political CSR includes social and philanthropic activities undertaken by firms that enable them to access political stakeholders while safeguarding their legitimacy and reputation at the same time. One such activity includes participation in the United Nations Global Compact (UNGC), which, since its inception in 2000, has provided an opportunity to organisations to voluntarily participate in addressing social challenges from a global multi-stakeholder perspective. However, governments in several emerging-market countries have been making CSR mandatory to address social and environmental issues at a local (or domestic) level. In this study, I analyse the Indian participants in the United Nations Global Compact in the pre and post CSR mandate period (passing of the Section 135 of the Companies Act, 2013). By doing so, this study aims to explore how the CSR mandate could potentially have implications on Political CSR.

Keywords: Political Corporate Social Responsibility, United Nations Global Compact, India, Mandatory CSR

Author brief:

Dr. Vikrant Shirodkar is a Senior Lecturer (Associate Professor) in International Business at the School of Business, Management and Economics, University of Sussex, UK. He completed his PhD in Management (International Business) from the University of Kent (Kent Business School, UK) in 2012. Vikrant’s key research interests include corporate political activities and non-market strategies of multinational enterprises, particularly in the context of emerging markets. His research has been published in leading journals such as the British Journal of Management, International Business Review, Management International Review and Journal of Business Ethics.