This is an annual CII report, that quantitatively and objectively analyse the intent of the Companies Act, 2013. It derives its base from CSR Trackers of financial years 2015 and 2016. Each report happens to be the most comprehensive analysis of CSR disclosures in the 'Director's Report'. Cumulatively, 3,973 companies have been analysed over the past three years. Key findings of FY17 suggest a substantial increase in CSR spends as against FY16 in the areas of environment (66%), gender equality (115%), national heritage (153%) and sports development (192%).
Two factors make the report comprehensive in its analysis. One, the scope covers all elements of CSR legislation including governance and not just the CSR spends. Two, the number of companies included for analysis, each entity listed on the BSE and with the obligation to comply with the CSR legislation. This report remains a resourceful document for industry to understand and help raise the bar of responsible CSR as well as for the government to keep assessing intent of the legislation with each passing financial year.