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CSR for a Greener India: Unveiling Regional Disparities and Evaluating The Present Scenario of CSR Funding for Environment Sustainability

Keywords : CSR, Environmental Sustainability, Kruskal-Wallis Test, trends, disparities, India

Abstract : This research paper dives into the complex landscape of Corporate Social Responsibility (CSR) expenditure for environmental sustainability in India from 2014-15 to 2021-22. The primary goals of the research include examining regional discrepancies in CSR expenditure, tracking changing patterns in CSR spending, and identifying significant CSR contributors. The study showed varied trends and variations in India`s CSR expenditure for environmental sustainability. Given the non-normal distribution of the data, it is noteworthy that the Kruskal-Wallis Test performed well in identifying disparities. Leading businesses and areas became trailblazers, making important contributions to environmental measures. According to the study, businesses should carefully deploy CSR funds, putting an emphasis on environmental sustainability. As regulatory frameworks are shaped by insights, firms are encouraged to connect CSR efforts with environmental objectives. It is recommended that public and private sectors work together in order to enhance the influence that corporate social responsibility activities have on the environment.

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