#CSRreporting

[thinkcapadvisors]

Accurate and timely CSR reporting in India is not just a regulatory requirement but a vital element of a company’s broader commitment to social responsibility. Besides avoiding penalties, responsible CSR reporting enhances a company’s reputation & builds stakeholder trust.

[ngandassociatesblog]

Complete Guide to Annual Reporting and Compliance for Indian Companies

Annual reporting is a critical compliance requirement for businesses operating in India. Whether you're meeting statutory obligations or demonstrating performance to stakeholders, companies are mandated to follow a structured format for reporting. These reports help ensure transparency, governance, and compliance with Indian regulations under the Companies Act, 2013.

This blog walks you through the detailed process of creating an annual report for your company in India, covering essential elements like board reports, director’s reports, CSR disclosures, ROC filings, and ESG reporting. Let's dive into the must-follow steps to ensure your company stays compliant and communicates effectively with stakeholders.

What is an Annual Report?

An annual report is a comprehensive document that outlines a company’s performance, governance, operations, and corporate social responsibility activities over the course of a financial year. The key components of an annual report for Indian companies typically include:

Financial Statements: Balance sheet, profit and loss account, and cash flow.

Board’s Report: Summary of board meetings, decisions, and company operations.

Director’s Report: Details on the company’s activities, governance, and financial status.

CSR Report: Reporting on corporate social responsibility initiatives, if applicable.

Statutory Auditor’s Report: Findings from the company’s auditors on its financial health.

ROC Filings: Documentation filed with the Registrar of Companies to meet statutory requirements.

ESG Disclosures: Environmental, social, and governance-related disclosures for large and listed companies.

Annual Report Format for Indian Companies

A well-structured annual report provides essential insights into the company’s performance and operations. The typical format for an Indian company’s annual report should include:

Company Overview and Business Highlights

Financial Summary (both standalone and consolidated)

Management Discussion and Analysis (MD&A)

Board’s Report

Director’s Report

CSR Report (if applicable)

Secretarial Audit Report

Corporate Governance Report

Audited Financials

Notes to Accounts

ESG Disclosures (if applicable)

Annexures and Statutory Disclosures

Board Report Format under Companies Act, 2013

The Board’s Report must adhere to Section 134 of the Companies Act, 2013, and must include:

Financial performance: Profitability and balance sheet details.

Dividend declarations: Information on profit distribution.

State of the company’s affairs: Insights into company health and operations.

Director appointments and resignations: Updates on changes in the board.

Risk management policies: Approaches for managing operational risks.

CSR activity summary: Overview of corporate social responsibility initiatives.

Internal financial controls: Assessment of financial governance.

Auditor’s remarks and responses: Auditor’s opinion on the company’s financial records.

Director’s Report: Key Inclusions

The director’s report is a vital part of the annual reporting process, providing insight into the company’s legal compliance and operational performance. Important inclusions in the director's report are:

Statement of compliance with the Companies Act.

Directors’ responsibility statement: Confirmation of adherence to accounting standards.

Company’s reserves and surplus: Details of accumulated profits and retained earnings.

Future outlook and plans: Projections for the upcoming year.

Energy conservation: Initiatives for reducing energy consumption.

Foreign exchange earnings: Insights into the company’s international business activities.

How to Write a Company Report in India – Step-by-Step

Data Collection: Gather financial data, operational insights, and legal updates from departments like finance, HR, and legal.

Organize the Report: Follow statutory headings and templates as per Indian regulations.

Draft Reports: Write the board’s report and director’s report, making sure to include all necessary compliance information.

CSR Disclosures: If applicable, include a CSR report according to Section 135.

Validate ESG Reporting: Ensure any environmental or governance disclosures are accurate and in compliance with current standards.

Internal Review: Have the CFO and Company Secretary (CS) review the document, followed by a statutory audit.

ROC Filing: Submit the necessary documents to the Registrar of Companies (ROC) within due dates.

Distribution: Share the report with shareholders and upload it on the company’s website for public access.

ROC Filing Annual Report – Essential Forms

According to the Companies Act, 2013, the following forms need to be filed for annual reporting:

MGT-7: Annual return

AOC-4: Financial statements

AOC-4 XBRL: For public and listed companies

ADT-1: Auditor appointment

CRA-4: Cost audit report (if applicable)

Ensure that all forms are digitally signed and submitted within the stipulated timelines to avoid penalties.

CSR Reporting in India – Key Requirements

Section 135 of the Companies Act, 2013 mandates CSR reporting for certain companies based on financial criteria:

Net worth of ₹500 crore or more

Annual turnover of ₹1,000 crore or more

Net profit of ₹5 crore or more

The CSR report should include:

CSR policy and strategy

Amount spent on CSR and unspent funds

Details of CSR projects

Impact assessment (if applicable)

Monitoring mechanisms

Corporate Governance Report in India

For listed companies, a Corporate Governance Report is required under SEBI LODR regulations. It includes:

Board and committee composition

Attendance records of directors

Related party transactions

Risk management and compliance framework

Board performance evaluation

ESG Reporting in India: A Growing Mandate

As environmental, social, and governance (ESG) factors gain importance, more companies are required to disclose their ESG performance. The Business Responsibility and Sustainability Report (BRSR) is now mandatory for the top 1,000 listed companies in India. Key areas include:

Environmental impact and sustainability efforts

Social welfare and inclusion programs

Corporate governance structure

Alignment with UN SDGs and GRI standards

Final Words: Invest in Professional Reporting for Compliance and Transparency

Annual reporting isn’t just a statutory obligation—it’s a powerful tool for promoting transparency, fostering investor confidence, and ensuring good governance. From preparing board reports and director’s reports to CSR disclosures and ESG reporting, every document plays a key role in the company’s overall strategy. To avoid penalties and streamline the reporting process, companies must invest in professional report writing and legal vetting.

NG & Associates offers expert services for annual report formatting, ROC filings, director’s and board report drafting, CSR and ESG reporting, and more to help your business comply with all legal requirements efficiently.

[ibexsystems]

Sustainability Reporting is an approach by organizations publish information of their economical, environmental, social and governance performance. Commitment to sustainability reporting helps organizations integrate these positive practices into their ongoing operations. The reporting helps organizations a wide spectrum of intangible benefits such as employee loyalty and consumer reputation.

The Sustainability reporting helps organizations a wide spectrum of intangible benefits such as employee loyalty and consumer reputation. As sustainability reporting consultants Dubai. We at Ibex provides csr reporting for sustainability.

As sustainability reporting consultants Dubai. We at Ibex provides advisory services for sustainability & capacity building for sustainability. Contact now.

[sonapapers]

[ikennaluke]

News Writer/Features Editor at CSS Reporters

News Writer/Features Editor at CSS Reporters

Our publication, CSRREPORTERS is specialized news platform that analyzes, reviews and reports all social responsibility acts of organizations and well meaning individuals across Africa.Now, we see to bring in a senior news reporter and editor with proven track record. Minimum of 3 years work experience is required. Go to Source

[environmentguru]

T. Rowe Price Releases 2017 Corporate Social Responsibility Update

T. Rowe Price has released its 2017 Corporate Social Responsibility (CSR) Update, which is available at troweprice.com/CSRreport. The firm publishes a full CSR Report bi-annually, and the 2017 Update offers new data to complement and update info https://www.environmentguru.com/pages/elements/element.aspx?utm_source=dlvr.it&utm_medium=tumblr&id=7499478

[csrgood]

T. Rowe Price Releases 2017 Corporate Social Responsibility Update

T. Rowe Price has released its 2017 Corporate Social Responsibility (CSR) Update, which is available at troweprice.com/CSRreport. The firm publishes a full CSR Report bi-annually, and the 2017 Update offers new data to complement and update information previously reported in the 2016 – 2017 CSR Report.

Highlights from the 2017 Update include:

Achieved a perfect 100 score on the Corporate Equality Index published by the Human Rights Campaign.

27% of the firm’s U.S. workforce are minorities and 44% of its global workforce are women.

Associates volunteered 43,000 hours in the community in 2017.

$22.4 million in total firm giving to charitable causes in 2017.

4.3 million people were reached through the firm’s financial education program, Money Confident Kids, in 2017.  

Reduced greenhouse gas emissions by -14.6% between 2010 and 2017. While the firm’s associate population grew by 57.5% during that timeframe, it reduced greenhouse gas emissions per associate by 45.8%.

QUOTE

Renee Christoff, head of Corporate Responsibility T. Rowe Price

“We are pleased to share our progress and how the firm is having a positive impact. Corporate Responsibility isn’t just a nice-to-do at T. Rowe Price—it is an integral part of how we operate as a global investment manager. Our client first philosophy attracts people who have a desire to serve others and that translates into how we invest for clients, our associates, and our communities.”   

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) is a global investment management organization with $1.044 trillion in assets under management as of June 30, 2018. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com or our Twitter, YouTube, LinkedIn, Instagram, and Facebook sites.

source: http://www.csrwire.com/press_releases/41264-T-Rowe-Price-Releases-2017-Corporate-Social-Responsibility-Update?tracking_source=rss

[thinkcapadvisors]

A Comprehensive Guide to CSR Reporting in India: Forms, Importance, and Penalties

Accurate and timely CSR reporting in India is not just a regulatory requirement but a vital element of a company’s broader commitment to social responsibility. Besides avoiding penalties, responsible CSR reporting enhances a company’s reputation, builds stakeholder trust, and demonstrates an authentic commitment to creating positive social change. To know more, visit: https://www.thinkcapadvisors.com/csr-advisory-and-structuring

[sonapapers]

Responsible for the actions.

[sonapapers]

Aware of the consequences.

[ikennaluke]

News Writer/Features Editor at CSS Reporters

News Writer/Features Editor at CSS Reporters

Our publication, CSRREPORTERS is specialized news platform that analyzes, reviews and reports all social responsibility acts of organizations and well meaning individuals across Africa.Now, we see to bring in a senior news reporter and editor with proven track record. Minimum of 3 years work experience is required. Go to Source

[csrgood]

T. Rowe Price Releases 2016–2017 Corporate Social Responsibility Report

T. Rowe Price has released its 2016–2017 Corporate Social Responsibility (CSR) Report, which is available at troweprice.com/CSRreport. The report details how CSR is an integral part of the firm’s culture and interwoven through its business, as demonstrated in how it invests for clients, associates, and communities.

Highlights from 2016 and 2017 include:

Recognized in 2017 by Pensions & Investments as one of the Best Places to Work in Money Management.

Launched WAVE, MOSAIC, and PRIDE to serve as business resource groups for associates, charged with creating a more inclusive culture by advocating for women, minority, and LGBT+ associates.

46% of senior-level new hires were diverse, with 32% female new hires and 23% minority new hires in 2016.

Associates volunteered 46,000 hours in the community in 2016.

$10.3 million in total firm giving to charitable causes in 2016.

1.4 million people were reached through the firm’s financial education program, Money Confident Kids, in 2016.  

Reduced greenhouse gas emissions per associate by 31% between 2010 and 2016. The firm’s total greenhouse gas emissions were reduced by 4% during that timeframe.

Strengthened the firm’s capabilities to analyze environmental, social, and governance investment considerations by hiring Maria Elena Drew to serve in the newly created role of director of research, responsible investing.

Quote

Bill Stromberg, president and CEO of T. Rowe Price

“Our commitment to clients is unwavering, and so is our desire to bring about positive change in our communities. On behalf of our nearly 6,900 associates worldwide, I am proud and excited to share the results of our Corporate Social Responsibility program.

“Over the past two years, as president and CEO, I have been inspired by our associates’ long-term commitment to giving back to our communities. It speaks volumes about who we are and what we stand for.”  

About T. Rowe Price

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (NASDAQ-GS:TROW) is a global investment management organization with $1.05 trillion in assets under management as of January 31, 2018. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com or our Twitter, YouTube, LinkedIn, and Facebook sites.

Download the CSR Report PDF here.

source: http://www.csrwire.com/press_releases/40779-T-Rowe-Price-Releases-2016-2017-Corporate-Social-Responsibility-Report?tracking_source=rss