Corporate social responsibility and sustainable development: A case study in Dakshina Kannada, Karnataka

The conception of corporate social responsibility gained the reputation in the corporate ground, the focus shifted to larger and wider, social and environmental issues. The key term used is “corporate responsibility, which is the umbrella term for a positive relationship between an organization and the societies, stakeholder, and communities where the organization operates. A corporate commitment to sustainable development, in essence, means that as an organization put back as much as the organization takes out in any activities like the use of natural resources, human capital, and economic growth. The Companies Act, 2013, aims at motivating companies to ensure that they spend, in every financial year, at least 2 percent of their average net profits made during the three immediately preceding financial years, in pursuance of their corporate social responsibility Policy. Thus corporate social responsibility has become a significant tool of management. Modern techniques and new methodologies are being adopted. Corporate social responsibility has become an integral part of society. The companies in Dakshina Kannada have an obligation to provide corporate social responsibility activities in the areas of their location. This particular study made an attempt to comprehend and gain insight into the performance of six companies towards various aspects of corporate social responsibility. In the study, companies are stated as public sector and private sector companies. The study adopts a survey method. A questionnaire was prepared and the data was collected from 206 respondents. The findings revealed that the public sector and private sector companies are promoting education, health, infrastructure, charity, environment and other areas.