Abstract
What impact has India's 2013 law mandating corporate social responsibility (CSR) initiatives had on businesses and the communities in which they operate? A comparison of the CSR programs implemented by Steel Authority of India Limited (SAIL), a leading public‐sector firm, before and after mandatory CSR indicates that the company has paid rigorous attention to social concerns in both periods. A statistical analysis of the company's expenditures on CSR efforts shows that the Companies Act 2013 amendment that requires spending 2% of company profits on CSR has not had an impact on SAIL. Since passage of the amended act, however, the scope of SAIL's CSR activities has become more focused and is now in sync with specific initiatives highlighted in the legislation.
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