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Introduction

With the world wide concerns on climate change, environmental protection, ever increasing pollution levels, and waste management issues, the role of corporate for the social causes and ethical business practices is gaining importance. Businesses need to shift the focus from profit making to responsible products and efficient services. Many countries have duly drafted their CSR policies but many other are still struggling to give it a formal shape. While the western world has already started talking about the CSR2.0 and CSR 3.0, the other countries are still stuck with the philanthropy. Despite certain criticisms on the CSR activities, more companies in the world are inclining their strategies towards corporate social responsibility. The CSR…