Dear Editor,
Thank you for sharing the article Giving back, on corporate social responsibility (CSR). It is a very factual article, fitting to the style of your magazine. What I would have said in addition to the facts you laid out is that we need to work on certain guidelines for how spending on CSR can happen and how it is reported. I am sure you know that the European parliament on 15 April passed legislation that makes it mandatory for all European companies with more than 500 employees to provide a report on their non-financial performance in addition to their financial performance. This will, of course, have an impact on Indian companies which are in the supply chain of European companies, as they will have to deliver figures that the European company can report accordingly.
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