India's listed companies increased their CSR expenditure by 16% in FY 2023–24, reaching ?17,967 crore, driven by higher profits and a renewed focus on social initiatives.? The total Corporate Social Responsibility (CSR) expenditure by listed companies in FY 2023–24 reached Rs. 17,967 crore, marking a significant increase from Rs. 15,524 crore in the previous financial year (FY 2022–23).

Key Points:

• Among the top contributors were HDFC Bank, Reliance Industries, Tata Consultancy Services (TCS), and ONGC. HDFC Bank alone contributed Rs.945.31 crore, Reliance Industries Rs.900 crore, TCS Rs.827 crore, and ONGC Rs. 634.57 crore.
• Other major contributors included Tata Steel (Rs.580.02 crore), ICICI Bank (Rs. 518.87 crore), Indian Oil Corporation (Rs. 457.71 crore), Infosys (Rs. 455.67 crore), ITC (Rs. 404.05 crore), and Power Grid Corporation (Rs.330.48 crore).
• The largest sectoral allocations were to education (Rs.1,104 crore) and healthcare (Rs. 720 crore), with a notable 54% increase in spending on environmental sustainability.
• 98% of eligible companies complied with CSR spending norms, and Rs. 2,329 crore was transferred to Unspent CSR Accounts for future use.