Why CSR Impact Assessment Is the Backbone of Responsible Corporate Giving
As CSR budgets expand across India, companies are increasingly expected to demonstrate the real-world impact of their social investments. This growing expectation has placed CSR impact assessment at the center of responsible and strategic CSR planning. A strong impact assessment ensures that CSR initiatives contribute meaningfully to communities while aligning with national and global development goals. CSR Impact Assessment Explained CSR impact assessment is the process of systematically measuring the social, economic, and environmental outcomes of CSR initiatives. It examines whether projects have achieved their intended objectives and identifies unintended effects. Unlike monitoring, which tracks activities, impact assessment focuses on long-term change and sustainability. Why Companies Need CSR Impact Assessment Compliance with CSR Regulations Mandatory impact assessment provisions under CSR Rules require companies to evaluate large projects through independent agencies. Evid...