The Role of Digitalization in Strengthening CSR Compliance and Monitoring
Author: CS Pradeep Kumar Parakh Executive Summary Corporate Social Responsibility (CSR) in India has transitioned from a philanthropic activity to a strategic imperative, driven by regulatory mandates and a focus on sustainability. Digitalization has become crucial for effective monitoring, control, and compliance within this framework. This paper highlights how digital tools are transforming CSR, ensuring transparency, accountability, and alignment with India’s regulatory requirements. Digitalization for Compliance and Monitoring India’s CSR regulations, under the Companies Act, 2013, require companies to invest a percentage of their profits in social initiatives. Compliance demands meticulous tracking and reporting—tasks significantly streamlined by digital tools. These platforms enable real-time monitoring of CSR activities, ensuring they meet regulatory requirements and are executed effectively. Automated reporting helps maintain accurate records of expenditures and outcomes, e