Karmayog refers to itself as a “unique free platform for concerned citizens – for social and civic issues”. The organization has published what might be India’s first ever rating of the CSR initiatives of the country’s 500 largest companies. (via ProPoor.org)
The detailed methodology for the rating process can be found here. Companies were provided a overall rating of between 0 and 5, where a rating of 5 implies that the organization has a robust CSR program (note: there is no mention of impact). However 46% of India’s largest 500 companies rank zero in terms of terms of social responsibility (they have no CSR programs).
This implies that close to half of India’s largest companies don’t real care about social responsibility. Quiet shocking?