A Comparative Study Of CSR Spending Pattern Of Selected Pharmaceutical And IT Companies.

Abstract

Corporate Social Responsibility (CSR) refers to a company's commitment to operating in an ethical and socially responsible manner. It involves initiatives and practices that go beyond legal obligations to positively impact society, including environmental sustainability, fair labour practices, and community engagement. CSR aims to balance economic, environmental, and social interests, enhancing the company's reputation and fostering trust among stakeholders. A comparative study of CSR (Corporate Social Responsibility) spending patterns between pharmaceutical and IT companies is important for understanding how different industries prioritize social, environmental, and economic responsibilities. This analysis helps highlight the sectors' varying contributions toward critical areas like education, healthcare, social causes, and environmental sustainability. By comparing these patterns, stakeholders can assess the alignment of corporate values with societal needs, identify gaps, and encourage better-targeted initiatives. Such studies also provide insights into how different industries manage their CSR obligations, which can inform policy decisions, promote industry benchmarking, and drive more strategic and impactful CSR investments.