Celebrating Outstanding Achievements in CSR and ESG
The Times of India Social Impact Summit
Since 2014, Corporate Social Responsibility (CSR) has grown significantly. The government required companies to allocate 2% of their profits to socially responsible initiatives. Today, businesses are deeply committed to supporting impactful work across various sectors.
Understanding CSR
CSR stands for Corporate Social Responsibility. It means companies must be accountable for their impact on society and the environment. This includes:
- Supporting local communities
- Protecting the environment
- Ensuring fair labor practices
Understanding ESG
ESG stands for Environment, Social, and Governance. It focuses on key areas such as:
- Environmental sustainability
- Renewable energy
- Women’s empowerment
- Workers’ welfare
- Opportunities for differently-abled individuals
- Health insurance
- Higher representation for women on boards
Companies are increasingly investing in the well-being of the societies they operate in. Sustainability, environment, governance, and diversity benefit everyone involved.
Recognizing Impactful Work
The Times of India has launched many impactful campaigns and organized summits with powerful messages. To recognize outstanding work in CSR and ESG, The Times of India is hosting a two-day Social Impact Summit on July 11 and 12, 2025, in Mumbai. The event is presented by Malabar Gold & Diamonds, with Ernst & Young as the knowledge partner.
Summit Highlights
The summit will focus on sectors that greatly impact Indians and are highly relevant at the ground level. Attendees can expect:
- Engaging panel discussions
- Insightful fireside chats
- Interactive events
Speakers from various sectors will share their experiences and discuss ways to grow and strengthen these areas. The summit will showcase interesting case studies that can be replicated and scaled. Beneficiaries’ stories will also be highlighted.
Honoring Achievements
The summit will honor organizations and individuals who have done exceptional work in CSR and ESG. Our knowledge partner will conduct initial vetting, while an editorial board comprising senior TOI journalists and select domain experts will decide on the winners.
New Sectors and Initiatives
While recognizing work in these fields, we are also exploring new sectors like AI-driven initiatives. We are adding sectors like ‘Empowerment’ and ‘Gender’.
CSR Spending Across States
CSR funds mostly go to geographic areas where the companies are located. Wealthier states end up being the biggest beneficiaries:
- Maharashtra leads CSR spending with Rs 6,000 crore (28%)
- Gujarat (21%)
- Delhi/NCR (16%)
- Tamil Nadu (10%)
- Uttar Pradesh (8%)
ESG and Sustainable Business Practices
Research shows that 91% of companies face strong investor pressure to accelerate sustainable business practices. Meanwhile, 78% face pressure from activists. Both large companies and MSEs have shown eagerness in adopting good ESG practices. It’s not just good for their image but also beneficial for companies to be good corporate citizens.
Leaving the world with a better environment means a better world for future generations. Having more women, differently-abled, and diverse workforces will help companies be more productive. Sustainable business practices not only make for a great story but also help the bottom line.
